In a recent edition of Financial Advisor magazine, Nick Murray wrote a piece on
The Millionaire Next Door and Dr. Thomas J. Stanley’s
life. Mr. Murray, an expert in his own right, discusses the
book in the context of the time it was written and the way in
which stories were blended with statistics to illustrate how
seemingly average individuals could be wealthy. It reads in
He had me at hello: literally from page one, where Tom had written, “Wealth is what you accumulate, not what you spend” – very much not a widely-held perception in those roaring ‘90s! But then he went on to prove it, in page after page of delightful stories laced with conclusive (but never obtrusive) statistics.
rereading) the book as a means to understand clients and
uncanny similarities between the two experts, and Mr.
Murray’s writing summarized them
full article is available here.