Tag: spending

Relief Spending, Personality, and Planning

By Sarah Fallaw on May 27th, 2020 in Current Events, Studying the Wealthy

The long-term consequences of the global economic shut-down are, at least for now, unknown. But we can see some short-term implications that should cause us to pause, reflect, and plan when it comes to our future financial state, even if we outsource the financial planning task to others. For example, unemployment levels in the United States […]

The Household CFO: Success Factors & Leading Through A Crisis

By Sarah Fallaw on Apr 2nd, 2020 in Current Events, Psychology and Careers, Studying the Wealthy

Leading a household through a global pandemic is not a role most of us anticipated having during our lifetimes. Working from home alongside a makeshift school or managing household duties in addition to virtually caring for loved ones is only part of the changes many households are finding themselves experiencing. The new configuration of life, […]

Black Friday Perspectives from Millionaires

By Sarah Fallaw on Nov 23rd, 2018 in Current Events, Mentor's Corner, Psychology and Careers, Studying the Wealthy Shopping on Black Friday

Black Friday, from both a marketing and psychological perspective, was of great interest to my father, so much so that we included a question about it on the last survey we conducted on wealthy Americans for The Next Millionaire Next Door. Below is a roundup of some of the writings he and later I published […]

The Ultimate in Alone Time

By Sarah Fallaw on Mar 9th, 2017 in Current Events It's a fixer-upper she shed.

If you are the mother of small children, or a working mom, or a woman who needs a mental escape from your busy day, the idea of having a place all to yourself is appealing. The latest in ultimate escapism is aptly called the “she shed,” discussed in depth in the Wall Street Journal. In […]

The Handbag Challenge

By Sarah Fallaw on Jun 14th, 2016 in Current Events, Lessons Learned

For many of us, handbags hold our entire lives. My life is held in a six-year-old mom purse, coated on the inside with a thin layer of dried Cheerio powder mixed with applesauce and regularly confused with a punching bag. I have a running joke with my colleagues at Data Points that I’m not buying a new […]

Distracted by Black Friday

By Sarah Fallaw on Nov 26th, 2015 in Current Events

How will you spend the day after Thanksgiving? Here’s some research that might influence your decision. In our 2015 survey of affluent Americans–a group that represents the top wealth holders in the United States–we asked how many times they participated in in-store Black Friday shopping in the past five years. Only 2% said they had participated […]

Fifteen Dollars

By Thomas J. Stanley on Jun 18th, 2013 in Lessons Learned

Please describe a life-changing event, experience or encounter that altered your life or circumstances in a substantial way. Please describe the experience, and how it impacts your life today. A few weeks ago, we asked the AMI Research Panelists and followers of @thomasjstanley on Twitter and Facebook to respond to the question above. Many of you […]

The Millionaire Single Mom

By Thomas J. Stanley on Jan 27th, 2011 in Millionaire Next Door Stories

For most people, becoming financially independent requires adopting the lifestyle of the millionaire next door. Lifestyle of this type is all about disciplined behavior.  It is not about merely reading books on the topic, but about applying the concepts to your every day life.  All told there have been many more books published and sold […]