In finishing the follow up to The Millionaire Next Door, and specifically in working on the chapter discussing work and careers, there is consistency in the finding that most economically successful individuals must take some sort of risk in their careers. The question is: when an opportunity (risk) is presented, who can take advantage of it? […]
Waiting tables, mowing lawns, babysitting, retail sales, camp staff, stockroom: how many of these summer jobs did you have in high school and college? What about the teens you know – are they working this summer? When I saw the headline that retail jobs that once filled the time of teenagers looking to make money
Last week, before the storms hit the Northeast, the gate agent on my flight from Atlanta to Philadelphia let us know we might be delayed because “we are waiting on one of our flight attendants.” I wondered why she was late and, if it wasn’t because of an emergency, if she had checked out of work. If you’ve
The arch type millionaire next door is an economically successful self employed business owner. In other words, he is an employer not an employee. He is in essence a leader. This fact has much to do with understanding something important about millionaire business owners. There is little or no significant correlation between cognitive intelligence test scores
In his acknowledgements, James D. Hornfischer, author of the excellent, New York Times’ best selling book, Neptune’s Inferno, wrote: . . . three years of research and two of writing . . . . Imagine spending five years of your life producing one book! Even if you worked only 20 hours per week for, say,
Not Talented? Not Gifted? So Represent Those Who Are Read More »
On the way to the mountains last weekend I stopped at a favorite family owned hardware store. This large, small town store carries a wide variety of merchandise from work clothes to high grade woodworking tools. It also has a nice sporting goods department. It was there that I found an item which I had
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
Do you ever wonder why the large majority of millionaires have little interest in early retirement? It is more than love of the job. Most, 81% of millionaires, selected their vocation because: My job/career allows me full use of my abilities and aptitudes. It is a whole lot easier to become an economic success if
Among the millionaire types profiled in Part I, what are some of the occupational groups that tend to have higher wealth indices than the norm? Some of these include: self-employed business owners (non-retail); executives of privately held corporations (see: The Millionaire Next Door); educators (and those married to an educator, see Stop Acting Rich, pp.
In what types of careers do we find the balance sheet affluent, the millionaires next door? Many take an unconventional approach. Below is one of my favorite stories about careers, adapted from Millionaire Women Next Door. Marion was trained to be sensitive to opposing viewpoints and countertrends. Being different in thought and deed was something to be proud