The Millionaire Next Door

building wealth

The Household CFO: Success Factors & Leading Through A Crisis

Leading a household through a global pandemic is not a role most of us anticipated having during our lifetimes. Working from home alongside a makeshift school or managing household duties in addition to virtually caring for loved ones is only part of the changes many households are finding themselves experiencing. The new configuration of life, …

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Millionaires: Next Door and in the White House

In The Millionaire Next Door I asked: What evidence is there that the government knows the formula for becoming financially independent in America? Our government studies “top wealth holders.” So do I.  And our findings are similar.  Millionaires live on the equivalent of a small proportion of their wealth.  They are heavy investors in commercial real …

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Big Intellect, Little Discipline, Little Achievement

Here is a short piece about an interesting article published in The Chronicle of Higher Education, i.e. “Ph.D. Attrition: How Much is Too Much?”.  The subtitle of this article is indeed telling: A disturbing 50 percent of doctoral students leave graduate school without finishing.  How can this be possible?  The large majority of doctoral students …

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