As of March, 2011, “there were 1.7 million active poker player accounts in the US from players wagering around $14 billion a year online” (see The Wall Street Journal). A lot of these players must feel that they can gamble themselves into millionaire status. And who can blame them? Cable television relentlessly glorifies gambling and constantly associates poker playing, especially, […]
“Any Economically Successful Man Doesn’t Gamble” Read More »
In a recent article in The New York Times, Andrew Ross Sorkin explored Steve Jobs’ motivation for success. Mr. Jobs has clearly never craved money for money’s sake and has never been ostentatious with his wealth. He took a $1 a year salary from Apple before stepping down as CEO. . . . Mr. Jobs, a
The Motives of Millionaires. . .Billionaires Read More »
Riddle: Why did Mr. Lee, a business owner of the millionaire next door variety, decide not to attend his high school’s 25th reunion? Answer: Because he felt very uncomfortable at the 20th reunion! At that reunion, Mr. Lee constantly had to explain how he, “Mr. Average” in high school, had become a major socioeconomic success. In
The Millionaire Next Door- Absent from His High School Reunion Read More »
Harry T. is 24 years old and wants to be a “millionaire one day.” But he has grave concerns that he will be unable to find a spouse who will support his goal. It seems that there is a big obstacle in preventing many men in getting rich even if he goes and follows all
Millionaire Mind Factor 4: A Supportive Spouse Read More »
Perhaps you are a contractor hired to build a mansion. You need a driveway made of cobblestones recently discovered from an ancient road bed near Boston and someone to provide an elegant marble surface for the foyer of the home. You may likely call J.J. Flowers Surfacing to complete the work. Mr. Flowers has a long
Wealth Building from the Old Testament Read More »
In the Across the USA section of USA Today a recent item from Athens, Georgia conjured up some past emotions about my alma mater. It mentioned that millions of items were in the process of being moved from The University of Georgia’s main library to a new building which will house special collections. I hope that my
Abraham Lincoln: The President “Next Door” Read More »
Thanks to the “Poet Hound” at http://poethound.blogspot.com/ for her review of The Millionaire Next Door and her insightful comments about the book’s influence upon her life. Among the earliest adopters of the book were millionaire parents/grandparents who gave copies to their children/grandchildren. They did this so that these young people could understand and appreciate the traditional value of being financially
The Millionaire Next Door: A Poet’s View Read More »
“Underdog” is a term often used by readers to describe the millionaire next door. There is a subsegment within this millionaire fraternity whose stories are particularly compelling. It contains the beta millionaires, both men and women. About 20% of millionaires were raised in an environment that was anything but nurturing. And these beta millionaires had a great amount of work experience during
Factor 7: A Key Characteristic of The Millionaire Next Door Read More »
The Military Channel recently broadcast a program that dealt with famous submarine captains. I was particularly interested when I saw an interview with Otto Kretschmer, the most productive submarine skipper in the Atlantic theatre during World War II. In Marketing to the Affluent, I mentioned reading the book, Memoirs: Ten Years and Twenty Days, by Karl Doenitz, the head of
Surface in the Middle of the “Affluent” Convoy Read More »
In Stop Acting Rich there is a section entitled “The Money Pit.” This material apparently had an influence upon Mr. R.S. who recently wrote to me (see my previous blog). Here are some extractions from the book: . . . the true cost of living in certain homes and neighborhoods is unseen but truly devastating. .
STOP ACTING RICH Was a Wake-up Call for Me! Part II Read More »