Last fall we accompanied our six grandchildren to a gold/gem “mining operation” in the north Georgia mountains. This was in celebration of one granddaughter’s 6th birthday. I understand that this was the site of the first major gold discovery in America. Guests of this operation “pan for gold” out of local sand and rocks placed in individual buckets. Semi-precious stones are also …
When I wrote The Millionaire Next Door I had several purposes in mind. One was to educate those who make good to great incomes but who have accumulated low levels of net worth. I first wrote about this topic in a 1992 article entitled, “Why You’re Not as Wealthy as You Should Be.” Often what happens in this …
Contrary to what is often touted in the media, there are more great affluent opportunities in our economy today than ever in our nation’s history. But in order to take advantage of these, it is important to appreciate the 8 key elements of the economic success equation as given in my book, The Millionaire Mind: 1. Understand the …
On the front cover of the October 2014 issue of Road and Track is a picture of a 2014 red Ferrari 458 Speciale blasting along a mountain highway. The folks from Road and Track thought it would be interesting for this superfast Ferrari to challenge “the dragon king” (Davis) who “discreetly rules Tennessee’s route 129 – the deadly two …
Apply the Millionaire Mind to a Niche Market Environment Read More »
Once again the importance of the integrity factor in explaining socioeconomic success was highlighted in a recent New York Times profile of Eileen Ford, the founder of the famous Ford Modeling Agency. Ford Models became “the top agency in the world.” Yet Mrs. Ford often was credited with saying that she had no talent but that she …
Talented People Are Attracted to Those with Great Integrity 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 …
Success is more akin to a marathon than a sprint. In fact, for many, success only emerged after they were able to negotiate their way through a series of gauntlets of adversity. I was once again reminded of this after reading a Wall Street Journal article appropriately titled, Entrepreneur Let No Impediment Stop Him: Out …
View Adversity as an Opportunity to Strengthen Your Resolve to Succeed Read More »
What a weekend for college football! [As a side note I always thought that college football is a better product than what is offered by the NFL.] But when I watch a collegiate game, no matter how exciting, I can’t help thinking beyond the gridiron. University towns often provide an ideal environment for small business enterprises. The cultural amenities …
Ideal Location for The Millionaire Next Door: College Town USA Read More »
Ford CEO Alan Mulally is the best business leader to come along since Lee Iacocca. He was a featured speaker recently at The University of Georgia’s CEO Forum. Part of his presentation was quoted in USA Today: One thing I learned from [my parents] was that it is nice to be important but it is more …
One of Anne’s tennis partners recently reported that her grandson was hired by a consulting company with a base salary of $94,000 a year. Anne wondered if this was possible given the fact that “he just graduated with a BBA degree, not an MBA.” I told Anne that it was quite possible, especially since this young man graduated from a …