The following question was asked in The Millionaire Next Door: What makes of cars are most popular with millionaires? Number one in market share (9.4%) was Ford. . . the most popular models include the F-150 pickup. . . about three in ten millionaire Ford drivers own F-150 pickups. More recently, in Stop Acting Rich, […]
Ford Pickup: #1 Vehicle in Sales & Profits Read More »
Why do I profile auctioneers? It began almost by accident. Pouring over the Census data during several preceding economic downturns, I noticed that there was a large concentration of high income producers among full time, professional auctioneers. Historically, their income seems to vary in the opposite direction of the American economy in general. What I have found is that because
Millionaires 10 X the Norm? Auctioneers Read More »
Some adult children who still live at home are in fact quite productive. Take Tinny, for example. He started and stopped going to college several times. He had a variety of jobs but found them uninspiring. At age 23 he moved back home. But not to live off of his parents. He began his small business operation
Economic Outpatient Care Read More »
I have always been fascinated with the studies conducted by Consumer Reports that contrast the price of various brands with their quality and endurance. Often it seems that those brands of products which are in the higher priced categories are not found to be of the highest quality. Of course, there are many definitions and components to
Toyota: 1st in Quality and #1 Among Millionaires Read More »
Mr. JF recently contacted me regarding The Millionaire Next Door. I finally understand why I’ve lived my life the way I have and become the millionaire next door. It would have been nice to have had this instruction manual early in my life but it’s also rewarding at 52 to realize I was blessed to
Ivy League Achievers Read More »
In a recent article from The American Thinker, Chris Corrodo provides an excellent counter to those who advocate increasing the taxes of the so-called “rich.” He briefly discusses the characteristics of the millionaires profiled in The Millionaire Next Door. Thomas J. Stanley’s insightful book tells us that the majority of wealthy people live quite frugally, and about 80% of
Advocates of “Tax the Rich” Please Read The Millionaire Next Door Read More »
Following up on the theme of my last blog, Millionaire Rule 1.49, I would like to share an email I received from Mr. G who lives in a mid-size, Midwestern city. I bought “The Millionaire Next Door” when in graduate school in 2001. It was the right book at the right time for me. It
Millionaire in the Making: Income $240K, Home $190K Read More »
The original title of The Millionaire Next Door was That’s Why They’re Wealthy. One of the main reasons that they are wealthy is that they live in an easily affordable home. I have found that when millionaires made their first home purchase, the ratio of the purchase price over their annual household income was just 1.49 [median]. And today they have seven times
Millionaire Rule 1.49 Read More »
John, a financial advisor, is relocating to a south Florida affluent enclave. He sought my advice concerning the “ideal” motor vehicle that he should acquire. John, who values the millionaire next door concept, is seeking “special dispensation.” He is fearful that he will alienate prospective clients by driving a dull normal make of car. Countless times people
Makes of Cars. . . Even the Glittering Rich Read More »
Shortly after The Millionaire Mind was published, I received an unusual request from the chairman of the “25th Class Reunion Committee” for an Ivy League school. Allow me to paraphrase what he requested: “With your permission we would like to survey our fellow graduates in order to contrast them with the millionaires profiled in The Millionaire
Ivy League Millionaires? Read More »