It is unfortunate that much of the information emanating from the World Cup focused on bad officiating. No doubt the officiating was not of the same caliber as the athletes. In fact, much of what was written about the championship game centered around the claims by many of the Netherlands’ players, supporters and even some […]
Wealth Building Lessons from the World Cup Read More »
I have noticed in the last week or so that I have felt more excited, proud, interested and attentive. Conversely, I have felt less hostile, ashamed, nervous, jittery and guilty. I thought this euphoria might have something to do with the upswings in the sales of my books or possibly the new Toyota 2010 4-Runner brochure I received.
What explains happiness in life? I don’t have all the answers. But, as a review of both my books and blogs, happiness in life has little to do with the brand/price of the watch one wears, the stores one patronizes, the make of car one drives or the brand of vodka one consumes. One’s overall happines
To Be Happy-Stop Acting Rich Read More »
Engineers, professors and people with Scottish ancestry, taken separately, are among those who are significantly above average in transforming income into wealth. I have focused on these three groups in previous blogs. I wonder if someone who fit in all three of these categories would be especially good at accumulating wealth? The details of the following case certainly
Stop Acting Rich: A Professor of Frugality Read More »
What does my data tell me about hyperconsuming, high income, low net worth types? Often these income statement affluent (IAs), as I call them, actually subsidize balance sheet (BAs) millionaires. One example of this is found in the motor vehicle industry. Most BAs (about 80%) have never leased a car, SUV, pickup or minivan. No, not
Stop Acting Rich: Act Like Ken Read More »
I have found that wealthy people who have a modest consumption life style tend to be generous in giving to noble causes. The following profile of John Adu (Australian Down Under) is yet another example of this. I have been unable to escape the uncanny similarities between my own circumstances and the things described in your books.
The Millionaire Down Under Read More »
In Stop Acting Rich, I point out that only about 27% of those who live in million dollar homes have a million dollars in investable assets. I believe the greatest detriment to building wealth is our home/neighborhood environment. If you live in a pricey home and neighborhood you will act and buy like your neighbors.
Millionaire Housewives? Read More »
I recently selected my top ten millionaire next door types. Mr. W.W. Allan, aka Aly, was the first one I chose. He was also the first that I chose to include in The Millionaire Next Door, pp. 109-112.. Aly was part of a focus group interview that I conducted of very affluent entrepreneurs. Even among
Scholarships but No Rolls Royce! Read More »
When my career first started, USA Today published excerpts from my national study of millionaires. That morning a reporter from CBS Radio called me at home. After responding to the who, what, when, where, how and why questions, I had to deal with one more. The reporter asked, “Dr. Stanley, are you a millionaire?” I told her
Listen to Your Analyst! Read More »
A woman contacted me soon after Stop Acting Rich was published. She reflected upon the discussion in the book about how productive educators and engineers were in transforming income into wealth. She asked, “What about an engineer who is also an educator?” She was talking about her husband, a 60 year old mechanical engineering professor.
Even More Frugal Than One Engineer Read More »