Thomas J. Stanley, Author at The Millionaire Next Door

America’s College Students Subsidize Those In Third World

3 Comments / Current Events / Thomas J. Stanley

A recent article in The Chronicle of Higher Education, “In India, Academics Defend Photocopying of Textbooks for Course Packs,” highlights the wealth and income differences among nations. I understand that the price of college textbooks designated for the American market is the highest in the world. But I have encountered college students here who have purchased English language textbooks for dramatically […]

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It Pays to be Different

Leave a Comment / Mentor's Corner / Thomas J. Stanley

The next time you visit the Gettysburg Battlefield stop by the National Museum. It is near the high water mark of Pickett’s ill-fated charge. Inside the museum you will find a long set of glass cases. They are filled with numerous clusters of lead bullets, grape shot, and cannonballs all which met/fused together in mid air

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High Quality Furniture: Less Costly in the Long Run

3 Comments / Current Events / Thomas J. Stanley

Omitted from my online resume is the heading of hobbies: “avid wordworker since age 12; builds rustic tables, cabinets. . . carves ducks, many from first growth white cedar . . . .” As a woodworker I often make judgments about the quality of wood and workmanship in new and used furniture, even some antiques. My

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Mom, Is that Lady in the Big House Rich?

Leave a Comment / Studying the Wealthy / Thomas J. Stanley

Mrs. C wrote an enlightening discussion about what she told her friend/neighbor’s child when the little girl ask if the lady down the street with the big house and fancy cars was rich. . . . I answered. . .with a statement I didn’t plan and it probably surprised my friend and her daughter as much it

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Young Married Couples: Follow the Ways of The Millionaire Next Door

1 Comment / Mentor's Corner / Thomas J. Stanley

Love should be the basis for a long and happy marriage. But even deep affection can be tarnished if a couple does not share the same goals and objectives. J and J, both 28, are getting married this fall. He is an engineer; she is an accountant. Neither have any debt. Their combined 2013 income will be nearly $150,000

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Help Stomp Out Adultery: Drive a Hyundai!

2 Comments / Current Events / Thomas J. Stanley

The following are extractions from an article recently published in Automotive News. After you have read them, what might you conclude? Married people who drive an Audi are the [automobile] industry’s biggest adulterers, according to a British Web site that helps them do it. The site, IllicitEncounters.com, which proudly describes itself as “the U.K.’s leading married dating

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Don’t Overlook the Profession of Selling

Leave a Comment / Mentor's Corner / Thomas J. Stanley

Continuing with the theme of my last blog, today I would like to relate to the Forbes profile of Dick Bolles, author of What Color is Your Parachute? The book sold 10 million copies in 20 different languages and in 1994 was named one of the 25 books ‘that have shaped readers lives’ by the Library of Congress.

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Forbes Article-A Required Reading Gem

3 Comments / Mentor's Corner / Thomas J. Stanley

The June 24, 2013 issue of Forbes entitled The 2013 Investment Guide Special Issue is a must read for parents and teachers who want to educate our youth about how to achieve financial independence. The cover accurately describes the content of the issue: “money magic top secrets from wealth wizards.” Of particular note are the 20

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Fifteen Dollars

Leave a Comment / Lessons Learned / Thomas J. Stanley

Please describe a life-changing event, experience or encounter that altered your life or circumstances in a substantial way. Please describe the experience, and how it impacts your life today. A few weeks ago, we asked the AMI Research Panelists and followers of @thomasjstanley on Twitter and Facebook to respond to the question above. Many of you

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A Life Changing Event

3 Comments / Lessons Learned / Thomas J. Stanley

Often a single event can dramatically alter the degree of one’s socioeconomic achievement. And here is just one example: I had dropped out of college and was working as a cocktail server at a casino. The sections that we served rotated daily so I would work with different girls everyday. I walked into my designated service bar

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