A recent email from John, a millionaire next door from Texas, reads as follows: I have given your book [The Millionaire Next Door] to three high school honor graduates in the last couple of years. I also gave them a check for $500. I told them I would give them ANOTHER $500 when I received a 2 …
Would you read The Millionaire Next Door for $500? Read More »
A recent article in The Wall Street Journal stated that “J.C. Penney reported quarterly results late Thursday and its shares soared 16% Friday.” I’m delighted that J.C. Penney is rebounding from its brief and ill-advised venture into fashion boutique world. Much of its current success appears to be a function of the company returning to …
J.C. Penney Patronized by The Millionaire Next Door Read More »
Most millionaire next door types and those on their way were raised in a nurturing environment filled with harmony, mutual respect, discipline and frugality. As an example please review the following case study from one of my readers. While still in high school, my parents had both my brother and I read The Millionaire Next …
Young CPA Lives by the Principles Found in The Millionaire Next Door Read More »
In an editorial in The New York Times, it was stated that: A million dollars used to be a magic number, a sign of permanent affluence. You made it! But now it won’t buy you . . . [the array then follows]. I have found that journalists have a tendency to discount the importance of …
A shelter publication that profiles homes and their owners wants to feature Travis and his family. After reviewing several of the back issues that Travis shared with me, I realized that they contained mostly pictures of the interior, including floor plans, as well as the exterior of the homes of the featured families. What a great way …
Symbol of Real Achievement- Your Business or Your Home Read More »
I like to ask millionaires who have read The Millionaire Next Door what their favorite chapter is. You may be surprised to learn that it is not Chapter 2, Frugal, Frugal, Frugal. This chapter details the frugal lifestyle of millionaires in terms of the modest prices paid for clothing, shoes, watches, motor vehicles, etc. This is merely a …
Millionaires’ Favorite Chapter in The Millionaire Next Door Read More »
You don’t have to have extraordinarily high analytic intellect to become economically successful in America. If you have great discipline and leverage your creative intellect you will likely become an achiever. Under the heading of creative intellect are two factors that underlie the millionaire next door profile. These include Factor 6, they are proficient in targeting market …
Does Your Chosen Vocation have Great Market Opportunities? Read More »
The national sample of 733 millionaires, the base for my book The Millionaire Mind, is representative of a fraction of the top 1% of wealth holders in America. Out of the 30 success factors they rated, integrity and discipline ranked in a tie for first place. It is hard to overemphasize the importance of discipline in …
There are two forms of human intelligence. One is cognitive intelligence [IQ] which I believe is highly correlated with SAT results, etc. But as reported in The Millionaire Mind, Cognitive ability [IQ] tests have been notoriously poor predictors of leadership performance. . . . Relations between intelligence and leadership and managerial performance . . . accounting …
Common traits of successful corporate executives and the millionaire next door Read More »
The Wall Street Journal stated that the per capita consumption of carbonated soft drinks [sodas] in this country is 165.3 liters. Last month Bob, a millionaire next door in the making, contacted me about a related issue. He heads a family of 5 which up until recently was a consumer of soda. He wasn’t certain how much money his family …