Ron Chernow’s book, Washington: A Life, has been well received by most critics. In an interview published in The Wall Street Journal, Mr. Chernow said of President Washington: You don’t have to be the brightest or the most original mind on the block . . . but what Washington’s life shows is the clarity of vision, the …
Today far too many college graduates are unable to find job. To make matters worse, some of these same people borrowed heavily to fund their college educations. Some have over $100,000 in outstanding student loans. It is easy to blame the American economy for these ills, but it is the individual who possibly selected a pricey university and a college …
This fall marks the 15th anniversary of the publication of The Millionaire Next Door. The book was not developed in a vacuum. I had a variety of great mentors who influenced me. These mentors include those whom I have known personally, such as professors and business contacts, and those about whom I have only read. Early in …
Riddle: Why did Mr. Lee, a business owner of the millionaire next door variety, decide not to attend his high school’s 25th reunion? Answer: Because he felt very uncomfortable at the 20th reunion! At that reunion, Mr. Lee constantly had to explain how he, “Mr. Average” in high school, had become a major socioeconomic success. In …
The Millionaire Next Door- Absent from His High School Reunion Read More »
Harry T. is 24 years old and wants to be a “millionaire one day.” But he has grave concerns that he will be unable to find a spouse who will support his goal. It seems that there is a big obstacle in preventing many men in getting rich even if he goes and follows all …
In Stop Acting Rich there is a section entitled “The Money Pit.” This material apparently had an influence upon Mr. R.S. who recently wrote to me (see my previous blog). Here are some extractions from the book: . . . the true cost of living in certain homes and neighborhoods is unseen but truly devastating. . …
STOP ACTING RICH Was a Wake-up Call for Me! Part II Read More »
Congratulations to R.S. He stopped acting rich. It is often difficult to cast off the habits of the hyper consuming, income statement affluent [those who have high realized incomes but little accumulated wealth]. It is especially hard to do if you were raised in that kind of environment. He accomplished this change by going almost cold …
STOP ACTING RICH. . . A Wake-up Call for Me! Part I Read More »
A registered nurse recently asked me where people in her profession ranked in their ability to transform income into wealth. Highly compensated RNs are in the average range of productivity, ranking 88th among the 200 occupations studied. But her question reminded me of several case studies of RNs who leveraged their rigorous training, extraordinary work ethic and …
Would you like to work for a business owner who is a millionaire next door type? If so, pretend for a few minutes that you are one. As a millionaire, you probably spend at lot of time time reading the trade/professional journals of your industry and the industries you service. As a successful business owner, the classified “businesses for …
Has your job search been unsuccessful? Perhaps you are using the wrong strategy. What should you do when the herd of millions of job seekers is all e-mailing its credentials to prospective employers every day? “Don’t follow the herd.” Begin to do things differently by using your courage, tenacity and creative intellect. Recently I reconnected with T.C. whom …