The Millionaire Next Door

The Wall Street Journal

“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 …

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A Cultivator of Wealth

Have you ever wondered about why so many millionaire next door types understate their considerable socioeconomic success?  They don’t have a strong need to display their economic productivity by buying  luxury products and expensive homes.  In a major way, their real achievements are the badges of their success. For example, financial success, especially economic independence, is its own …

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Second Homes… Part I

A recent Wall Street Journal article indicated that a variety of developers of expensive vacation homes are responding strategically to the meltdown in their market.  In short, they are providing vacation home opportunities of the downsized variety.  “. . .building smaller less expensive homes in resort communities. . . this pitch may sound a little funny: ‘affordable housing for the …

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Henry Is an Expert

The senior vice president and head of national sales for a brokerage company once asked me an interesting question,  “If you can get millionaires to answer all your questions, would you consider interviewing our top financial advisors?  They are all great at making money for clients.  But there’s more to it.  How do they attract …

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