The Millionaire Next Door

The Millionaire Mind

Conservatives or Liberals: Who Give More? Part II

Why are liberals less productive in transforming their income into wealth than conservatives?  For many high income producing liberals their capital is their high intellect.  Or as one liberal respondent, a high income producing physician, said:  “[money] income is the most easily renewable resource.”  This liberal Phi Beta Kappa, Regent’s Scholar, cum laude graduate never …

Conservatives or Liberals: Who Give More? Part II Read More »

Building Wealth is a Marathon, Not an SAT Score

In The Millionaire Mind, I said that the process of building wealth is a marathon.  How well you do in this race involves much more than grade point averages . . . .  Standardized testing [SATs, GREs,] cannot be substituted for actually running the race.  Otherwise our government could just redistribute our nation’s wealth each …

Building Wealth is a Marathon, Not an SAT Score Read More »

“Chinese Mother”- Not of the Millionaire Next Door!

What is the meaning of success?  Some define it in terms of occupational status, income, net worth, power, and even the size and location of one’s home.  But these factors are not necessarily the ones held by Amy Chua who wrote an article, Why Chinese Mothers are Superior, in The Wall Street Journal.  Ms. Chua claims, “A …

“Chinese Mother”- Not of the Millionaire Next Door! Read More »

Doctor of Tenacity

Most self made millionaires rank high on the tenacity scale.  They report that this characteristic was developed  in part during their secondary school and college experiences.  The majority (76%) of the millionaires I surveyed report that tenacity and hard work account for why they consistently achieve at a high level.  Plus, as I said in The Millionaire …

Doctor of Tenacity Read More »