The Millionaire Next Door

Thomas J. Stanley

Want to Live Next Door to a Pro Athlete?

I was reminded of the following case study after reading an article recently published in The Wall Street Journal about football coaches and their expensive homes.  Will and Helen sold their business just before the current economic meltdown.  They received top dollar for their more than 25-year-old business.  Up until then the couple lived the millionaire next door lifestyle […]

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Manufacturer with Smallest % of Subprime Car Buyers: Honda

Early in my career I wrote an article entitled “Why You’re Not as Wealthy as You Should Be.”  It was published in Medical Economics and later extracted for Reader’s Digest.  Much of the details were later incorporated into my books.  Those who have accumulated significantly less wealth than the norm for their respective age and income

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The “Jerry” Method of Raising Economically Productive Children

In a recent blog, I discussed ways to raise economically productive children.  Jerry responded with one of the most informative case studies that I have read to date.  I was raised by frugal parents. They didn’t have a credit card until they were almost 50 years old – and only then because they started to travel

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Hyperspending Parents = Hyperspending Children

Another top 10 most often asked question:  Why is it that my adult children are hyperconsumers? My simple and straightforward answer:  Typically it is because their parents taught them to be spenders!  Hyperspending parents tend to raise hyperspending children.  These parents violated Rule 1 for raising productive adults [from The Millionaire Next Door]: Rule 1: Never

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Working for Those Aha Career Moments

  by Sarah S. Fallaw, Ph.D., Director of Research, AMI Research  Many successful people report having moments of clarity or EUREKA! experiences when it comes to business opportunities. In fact, 29% of millionaires reported stumbling across a great business opportunity as part of their career path, and 39% reported using intuition for business ideas (see

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