The Millionaire Next Door

Millionaire Women Next Door

Millionaire Status: Why So Many Men?

More than anything else, our research findings related to becoming economically successful on our own have more to do with behaviors related to saving, spending, investing, and planning than characteristics that we cannot control, or have little choice over, like how we were raised. We’ve even seen, through the research we’ve conducted at DataPoints, that …

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Millionaire Factor 6: They are Proficient in Targeting Market Opportunities

Maria McFriendly was profiled in Millionaire Women Next Door and in an earlier blog.  Maria was raised in an environment that was anything but nurturing.  Her father was a chauvinist and an elitist.  He often told her that she was not college material, “she repeatedly scored in the 900s [out of 1600] on her SATs.”  …

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One Extraordinary Woman’s Christmas Gifts

Beverly’s good friends often joke about the worst place a toy shopper could be during the Christmas season: standing behind her at the Toys-R-Us check out counter! More often than not she is in line with multiple shopping carts loaded to the hilt.  This is because one of her favorite pastimes is to provide toys for hospitalized children.  …

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Report Card: Low LSAT, High Net Worth $1B+

This case study may brighten your day.  Sara Blakely is the youngest selfmade woman to join this year’s billionaire’s club-turning $5,000 in savings into a new retail category:  shapewear, according to Forbes, March 26, 2012. Ms. Blakely once had her heart set on going to law school, but according to the Forbes article, she performed poorly on …

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The Millionaire Next Door: Light on Consumption, Heavy on Giving

Melissa from Scotland contacted me about a BBC news article which mentioned that a Scottish midwife, Jean Alexander, had left 1.6M pounds to a multiple sclerosis charity.  The article mentioned that Ms. Alexander was considered to be a shrewd investor in the stock market.  I suspect that she was not only shrewd, but also generous and lived below …

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Even More Frugal: Millionaire Women

Several advertisements for the Allen Edmonds shoe company have appeared in The Wall Street Journal.  The advertisement mentioned that the company rebuilt over 60,000 pairs of customers shoes in 2010.  I am not sure how many from the general public are repaired each year.  But most millionaires regularly have their shoes resoled or repaired.  It is not just the …

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