How do I go about finding many of the millionaires that I profile in my books. I read their trade journals. So, that’s like The Wall Street Journal, right? Not really. I am referring to publications that target members of well-defined industries. You may recall my profile of Bill R. that was in The Millionaire […]
Finding Millionaires Read More »
Please join Michelle Singletary, personal finance columnist for The Washington Post, and me on March 4th for a live chat at Noon ET. My latest book, Stop Acting Rich, was chosen as The Color of Money Book Club selection for February. I look forward to your questions!
Live Chat with Michelle Singletary Read More »
Dr. Stanley: As a reader of both “The Millionaire Next Door” and “The Millionaire Mind,” this story immediately struck a chord with me, and I knew I had to share it with you. First some background, then the story. For about a year, I had the pleasure of personally getting to know a self-made decamillionaire
More than “Wishful Thinking” Read More »
I recently asked nearly 1,000 millionaires nationwide “What was your first full-time job?”. Out of those 1,000 respondents, 137 answered, “sales/marketing professional.” In fact, this proportion places the “sales/marketing vocation” as the #1 first full time job. Does this mean that people in this profession have a significantly higher probability than those in other jobs
A Wealth Incubator Read More »
I have taught more than 10,000 students during my career as a college professor. If I was asked today to list the top ten students whom I predicted would succeed in business, surely Charles aka Chip would make the list of the 1 in 1,000. Chip was a bright student. But being bright alone will
Do You Have Chip’s Courage? Read More »
An excellent article in The Wall Street Journal by Alex P. Kellogg, “BMW Touts ‘Joy,’ Value in New Ads,” Saturday/Sunday, February 13-14, 2010, highlights the changes in the advertising themes of several prestige manufacturers of automobiles. It seems that status is out and satisfaction, value and physical properties are being emphasized. Acura is now touting
Cars: More Opinions than Makes and Models Read More »
Some of the most productive and well run automobile dealerships can be found in small town America. They rely upon repeat business and a good reputation among a finite population. Word of mouth information, both good and bad, spreads quickly in this environment. The success of one particular small town dealership was highlighted in a recent
A Good Samaritan in Small Town USA Read More »
The cost of housing is often a major barrier to becoming financially independent. That’s why Ms K.S. might consider becoming her own landlord, as did Brian. But “just follow the rules.” And as I wrote in The Millionaire Next Door: To build wealth, minimize your realized (taxable) income and maximize your unrealized income (wealth/capital appreciation
Option 3 for Stop Acting Rich-Part II Read More »
Ms. K.S. recently e-mailed me: Should I buy a home/condo or rent an apartment? I’m moving to a large metro area where the cost of housing is very high. My annual income is about $70k. Will buying help my chances of becoming wealthy someday? I’m not sure if I can afford to buy [a home].
Option 3 for Stop Acting Rich: Part I Read More »
Glen W. Bell, Jr., the founder of the Taco Bell restaurant chain, recently passed away (see The New York Times). After taking Taco Bell public, Mr. Bell sold it to Pepsico for $125 million. At that time, the chain had 868 restaurants. Today there are more than 5,000 Taco Bell stores operating worldwide. All toll
Honoring Glen W. Bell Jr. and his Clan Read More »