In Georgia the recent passage of House Bill 87 has prompted illegal immigrant workers to leave the state. Many of these people were among the very most productive farm workers. These workers are now helping to harvest crops in adjoining states which don’t have such stringent anti-immigrant statutes. A lot of the farmers in Georgia complained that their products were rotting in the […]
Don’t Throw the Baby Out with the Bathwater Read More »
Many people want to know about the educational backgrounds of millionaires and their children. Most (85%) of the millionaire next door type households report that neither the husband nor the wife ever attended a private elementary or secondary school. So does this mean that if we want our children to be rich we should send them to
Public School, Private School, Home School Read More »
A few years back I was seated in the bleachers watching a youth baseball game. In front of me were three chatty women feverishly discussing the issues pertaining to recruiting, retaining and managing domestic help. Apparently these women had no inclination to cook, and they all agonized about how difficult it was to find someone who could
“That’s Why They’re Wealthy” was the original title of The Millionaire Next Door. Give credit to my brilliant editor, Suzanne DeGalan, for suggesting the final title. One of the main reasons that “they are wealthy” is that they live below their means and shopping for value is part of their lifestyle. But now even among the
That’s Why They’re Wealthy! Read More »
I have been receiving an increasing number of inquiries about “will I be happy, will I be rich” if I marry Susie, Sally . . . ? Guys, I don’t have a crystal ball when it comes to choice of spouse. All I can tell you are the qualities of a spouse that contributed to
Unselfish Spouse = Wife for Life Read More »
After completing their first grueling 1,000 gig tour, Mick Jagger and Keith Richards made one of the best business decisions of their short careers. They hired a manager, Andrew Oldham, for the Rolling Stones. Mr. Oldham informed them that musicians, no matter how talented, are a dime a dozen, and unless they begin to write their own songs they will soon
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Are you contemplating a career as a small business owner? If so, you may wish to read Keith Richards’ book, Life. I believe that the Rolling Stones band is the single most productive small business in the free world! Often public corporations brag about their average revenue per employee- in the hundreds of thousands of dollars. For the four
Lessons Learned from Keith Richards’ LIFE Read More »
Last Friday I posted an article from Biz Daily which highlighted the findings from The Millionaire Mind about the importance of having a supportive spouse while building a business and wealth. As I said in the beginning of Chapter 6, Choice of Spouse: Can you live forever? Marry the wrong spouse and every day will feel like an eternity.
Millionaire: Tell Me About Your Spouse Read More »
I recently received an inquiry from “Bill”: One topic I’d like to see Dr. Stanley blog about sometime is in marriage situations where one spouse comes as a balance-sheet affluent and the other is income affluent. I’ll be married in a few months and we’ll be in that situation. I’m an engineer, she’s a lawyer,
Wedding Bells, BMWs and Minivans! Read More »
Every time I read an article about wine consumption in the United States a reoccurring vision of the millionaire next door pops up in my head. Most recently there was a discussion in The Wall Street Journal about the types of wine purchased since our current economic recession. “The economic downturn was toughest for the U.S.
Wine: Millionaires versus The Aspirationals Read More »