A reader recently sent me this note about one of his clients . . . Hello, Tom: A client of mine, Fred – A Millionaire Next Door Type, is a tire dealer . . . claims he has three kinds of customers: onezys, twozys, and threezys. When a buyer walks into Fred’s store. . . […]
People often ask me why I write books. I get a great deal of satisfaction explaining how millionaires become wealthy in one generation. But also, I have given more than 3,000 lectures. You cannot inventory these lectures. To earn a living as a lecturer, you have to keep lecturing! But with a book, once it
From the news reports that I have read about the Madoff scandal, most of the people who were highlighted lost all or nearly all of their wealth through investing with Mr. Madoff. What if these same clients had an investment portfolio similar to that of the typical millionaire in America? Then less than 30% of
The following is a letter I received a few years ago from a true “Millionaire Next Door”… I am a 39 year-old Californian who is writing to let you know that I think your books, The Millionaire Next Door and The Millionaire Mind are right on the money. Please excuse my spelling and penmanship. I
Monumental changes are taking place in the economic environment, especially among the affluent in America. But don’t worry about the millionaire next door types. Their population continues to grow. However, I do feel the need to disseminate my ideas about the implications of these changes in a more timely manner. It requires two to three
How did I first get involved with conducting focus groups of millionaires? It first happened when I headed up the National Affluent Study for a consortium of the top 50 financial institutions in America. As part of the study a series of focus groups were to be conducted across America. There was only one problem.
I am not a millionaire yet if you consider non real estate cash and equities but I am very close – less than 100k away. My net worth is almost 2M and I earn about 150k annually so I am fortunate from an income standpoint. I have lots of friends that make more than me
My condolences to the family. Tom mentored me in 1990, where he discussed part of Networking with The Affluent about me. The world has lost a great man, I will miss you Tommy!!!
Dr. Stanley, I’ve read the Millionaire Next Door and the Millionaire Mind and I loved them both. I just finished the Milionaire Mind. The book spoke to me because although I am not a Millionaire . . . I plan to be. I am like your main character, the Millionaire next door . . .
I recently graduated pharmacy school and am currently a pharmacist in Louisiana. I’ve always be cognizant of being careful with my finances and decided to do my research to increase my understanding of what it is to build wealth not just from a short term income statement, but for a long term benefit. After countless