It seems that there is more interest now in how the top 1% of the wealth holders in America think than there was when The Millionaire Mind was first published. The principles revealed in this book are timeless and especially important for those who are business owners and for those who are compensated purely on their …
The Millionaire Mind . . . Alive and Even Richer Read More »
Are you frustrated about the way your career is unfolding? Perhaps you are not achieving what you should be given your hard work and discipline. If this is the case you may wish to read the perennial bestseller, The Magic of Thinking Big, by Dr. David J. Schwartz. Dave and I were on the marketing …
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!
Is being frugal fashionable today? Perhaps, considering the severity of the economic times. The more important question is: how long will it be fashionable? The following is an excerpt from my new book, Stop Acting Rich, highlighting the focus on hyper-consuming, highly compensated members of our society and their spending habits. America is a nation of excesses. And these excesses, …
I would like to share a short tidbit from my new book, Stop Acting Rich. You can read more in Chapter 7, The Road to Happiness. I admire people who drive Buicks. They show wisdom in buying a car that ranks high in both quality and value. Plus, according to Automotive News, people who trade …
Apparently, my interview with Dave Ramsey on September 30th hit a cord when I mentioned that only a minority of people who own/occupy homes valued at $1M or more are millionaires. In my latest book, Stop Acting Rich, I use the term millionaire to refer to those households with net investments of $1M or more. This is not the …
The Money Pit and The Decline of Enhanced Millionaires Read More »
In my interview on The Dave Ramsey Show yesterday, I discussed the relationship between where one lives and the ability to accumulate wealth. Here is a continuation of the discussion from my new book, Stop Acting Rich. Most of the self-made millionaires I have studied have one thing in common: They were able to build wealth …
“Not acting rich” may be great for your net worth, but it might not let you into the parking lot at work. Below is an excerpt from Chapter 2 in Stop Acting Rich. Dear Dr. Stanley:Our physician recently telephoned to tell us laughingly that he had received the “Millionaire Next Door” award. When I questioned him, he …
Why is it that some people worth $10 million, $20 million, $30 million own few or no luxuries whatsoever? They know that satisfaction in life is not a function of what you can buy in a store. As you will come to learn in these pages, these people were conditioned by their parents to live …
Thirty years ago I first defined the blue collar affluent aka the millionaire next door type in a speech and paper that I delivered on behalf of the New York Stock Exchange. This began a lifetime journey of identifying and profiling the myths and realities of the rich. I discovered that not all millionaires have high …