In a recent email, Deb shared her thoughts about buying a home. I just finished reading Stop Acting Rich, and it reminded me of something. . . . My . . .husband and I . . . bought a house. . . . The housing market was down . . . and we were looking in a blue-collar …
In Stop Acting Rich there is a section entitled “The Money Pit.” This material apparently had an influence upon Mr. R.S. who recently wrote to me (see my previous blog). Here are some extractions from the book: . . . the true cost of living in certain homes and neighborhoods is unseen but truly devastating. . …
STOP ACTING RICH Was a Wake-up Call for Me! Part II Read More »
Congratulations to R.S. He stopped acting rich. It is often difficult to cast off the habits of the hyper consuming, income statement affluent [those who have high realized incomes but little accumulated wealth]. It is especially hard to do if you were raised in that kind of environment. He accomplished this change by going almost cold …
STOP ACTING RICH. . . A Wake-up Call for Me! Part I Read More »
Ned Davis, 36, is a successful trial lawyer. Even at this early stage in his career, his tally of legal victories places him in the exceptional category. Ned was kind enough to share some of his insights about the importance of accessorizing when in the courtroom environment. I’m not a big watch guy, but I …
The following inquiry was sent in by a reporter: I am writing an article for the local newspaper regarding who gives the largest percentage of income. I was discussing this article with a liberal friend and he felt that liberals give more money than conservatives. Is he right? Extrapolating from your book it appears to …
In spite of Dave and Linda’s high income, they are two paychecks away from insolvency. How can this be possible? Perhaps it has something to do with Linda’s collection of nearly 200 pairs of shoes all purchased on sale from a variety of upscale retailers. She insists that she saved thousands and thousands of dollars by buying …
A few years back I was seated in the bleachers watching a youth baseball game. In front of me were three chatty women feverishly discussing the issues pertaining to recruiting, retaining and managing domestic help. Apparently these women had no inclination to cook, and they all agonized about how difficult it was to find someone who could …
I recently received an inquiry from “Bill”: One topic I’d like to see Dr. Stanley blog about sometime is in marriage situations where one spouse comes as a balance-sheet affluent and the other is income affluent. I’ll be married in a few months and we’ll be in that situation. I’m an engineer, she’s a lawyer, …
Every time I read an article about wine consumption in the United States a reoccurring vision of the millionaire next door pops up in my head. Most recently there was a discussion in The Wall Street Journal about the types of wine purchased since our current economic recession. “The economic downturn was toughest for the U.S. …
In Stop Acting Rich, I mentioned my admiration for Sam Walton, the founder of Wal-Mart. His motor vehicle of choice was a Ford pick-up truck. Interestingly, it was also the favorite among the millionaires profiled in The Millionaire Next Door. In sharp contrast to Mr. Walton’s lifestyle, a recent article reported that his heirs donated $800M to build …
New Headline: Overnight Bus Trips Help Fund $800 M Art Museum! Read More »