When I was a boy, we lived in a small apartment in a blue-collar section of the Bronx. Just a quarter mile away was the wealthiest neighborhood in New York City, a residential community called Fieldston, aka Mansionville! I was nine years old. I told my eleven-year-old sister, “I’m disgusted with the marginal propensity of […]
A Wealth of Halloween Treats Revisited Read More »
This comes from ConsumerismCommentary.com about Steve Jobs: Despite some fancy homes that often went unused and a moderately flashy car, Jobs seems to have taken the ideology of The Millionaire Next Door to heart. He continued to live his life mostly as he always had, not flaunting his wealth and not drawing too much attention
Steve Jobs: The Billionaire Next Door Read More »
As I have mentioned before, I am a University of Georgia football fan. Our arch rival is Georgia Tech. Yet for 364 days a year, I admire and even like Georgia Tech! I had many Tech graduates in the MBA classes that I taught at the nearby campus of Georgia State University. These men and women
Colleges Ranked: Tuition vs. Incomes of Graduates Read More »
Melissa from Scotland contacted me about a BBC news article which mentioned that a Scottish midwife, Jean Alexander, had left 1.6M pounds to a multiple sclerosis charity. The article mentioned that Ms. Alexander was considered to be a shrewd investor in the stock market. I suspect that she was not only shrewd, but also generous and lived below
The Millionaire Next Door: Light on Consumption, Heavy on Giving Read More »
Just prior to completing The Millionaire Mind, I received a letter that was ideally suited for inclusion in the chapter about success factors. I have read your most recent works. I have an extremely high mathematical aptitude. I hold advanced degrees in advanced math. . . . I’m currently in transition. Eventually I want to pursue
Integrity, Integrity, Integrity Read More »
In the previous blog, I reflected upon the millionaire next door’s Rule #2 for building wealth. I’d like to thank Mr. “Cropmate” for reminding me of this concept. In an Amazon book review for Stop Acting Rich he stated: I first heard of him [Stanley] and his then new book [The Millionaire Next Door] from an excerpt in a
Emphasize Net Worth-Part II Read More »
As a prelude to writing The Millionaire Next Door, I published an article in Medical Economics entitled “Why You’re Not as Wealthy as You Should Be.” Simply put doctors could and should accumulate much more and at a much younger age. In the same article, I pointed out that for every one high income producing doctor
Emphasize Net Worth-Part I Read More »
The new Mustang, especially with the world class 5 liter V-8, is yet another success version of the namesake which made its debut in 1964. From the beginning the Mustang was a concept based on the preferences of car enthusiasts. Lee Iacocca who was the #2 man at Ford during his tenure there is often
One Letter-Multi Millions Read More »
In a recent email, Deb shared her thoughts about buying a home. I just finished reading Stop Acting Rich, and it reminded me of something. . . . My . . .husband and I . . . bought a house. . . . The housing market was down . . . and we were looking in a blue-collar
Superior Neighborhood = Superior People? Read More »
Shortly after The Millionaire Mind was published, I received an unusual request from the chairman of the “25th Class Reunion Committee” for an Ivy League school. Allow me to paraphrase what he requested: “With your permission we would like to survey our fellow graduates in order to contrast them with the millionaires profiled in The Millionaire
Ivy League Millionaires? Read More »