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 …
How do I categorize millionaires who inherited all or most of their wealth? I do not consider them to be fortunate. Actually, I think of them as being deprived. They were deprived of the great pride, joy and satisfaction derived from building one’s own fortune. Countless millionaires have told me that it is the journey to wealth …
Still looking for that perfect gift for your clients or business associates? Below I describe the ultimate gift for anyone in business. What is the most powerful method of influencing those who influence many other affluent prospects? As a general rule, it is the dimension of networking called “revenue enhancement.” Ask most successful business owners, …
What did I discover from my first national survey of millionaires in 1980? Just over one-half (53%) of these wealthy respondents graduated from college. What about 30 years later? The large majority (90%) of millionaires today are college graduates holding at least a bachelor’s degree. The same proportion applies to those with multimillions including decamillionaires. It …
After giving a presentation to a group of sales and marketing executives, I was approached by a sales manager from the audience. Malcolm told me that, wanting to be a veterinarian, he had started his college career as a zoology major. He didn’t do very well in some of the courses, so he changed his …
Case studies are a critical part of my research on millionaires and the affluent. Below is the first part of a Millionaire Next Door story I received last month from a “scientist of wealth.” As you will see, you do not have to have a seven figure income to become a millionaire. A Letter from …
Some millionaires have more than one job. You might recall an earlier blog about Jerry, the pharmacist, who was also a business broker. Murray also has two vocations: he is a high school teacher who also owns and operates a house painting company. His case study may provide much food for thought for those who are …
I received an inquiry regarding marketing/networking advice last week from a Grammy-nominated recording artist. I’ve included the note (with name changed), my response to her question, as well as advice for those in the entertainment industry below. Dr. Stanley, How do I apply your techniques to music marketing – I am a recording artist. All …
Supreme Court nominee, Sonia Sotomayor, though not a millionaire, is typical of most successful women, as well as men. In my surveys, about 80% of both reported having a nurturing and loving home environment while growing up. In fact, 89% reported that their parents were never divorced. This does not mean that you cannot succeed …