The Millionaire Next Door

engineers

Common traits of successful corporate executives and the millionaire next door

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 »

A Cure for a Bad Case of the “Spends”

I was delighted to learn of one of my reader’s (Mr. RK) transition from being a member of the income statement affluent segment to one in the balance sheet affluent population.  Congratulations! The examples (of income statement types) are endless.  My personal example was similar.  Professionally, I’m an engineer.  I’m really good at math and people pay me …

A Cure for a Bad Case of the “Spends” Read More »

Stop Acting Rich: A Professor of Frugality

Engineers, professors and people with Scottish ancestry, taken separately, are among those who are significantly above average in transforming income into wealth.  I have focused on these three groups in previous blogs.  I wonder if someone who fit in all three of these categories would be especially good at accumulating wealth?  The details of the following case certainly …

Stop Acting Rich: A Professor of Frugality Read More »

Stop Acting Rich: Good Advice from a Frugal Engineer

I recently received an e-mail from an engineer whom I’ll call Mr. SC.  I’d like to share his story with you.     My wife and I have achieved multi-millionaire status by the very means Dr. Stanley has found in his studies. I perform the vast majority of tasks that most Americans would think a millionaire would …

Stop Acting Rich: Good Advice from a Frugal Engineer Read More »