Why are liberals less productive in transforming their income into wealth than conservatives? For many high income producing liberals their capital is their high intellect. Or as one liberal respondent, a high income producing physician, said: “[money] income is the most easily renewable resource.” This liberal Phi Beta Kappa, Regent’s Scholar, cum laude graduate never […]
Conservatives or Liberals: Who Give More? Part II Read More »
I have been receiving an increasing number of inquiries about “will I be happy, will I be rich” if I marry Susie, Sally . . . ? Guys, I don’t have a crystal ball when it comes to choice of spouse. All I can tell you are the qualities of a spouse that contributed to
Unselfish Spouse = Wife for Life Read More »
Last Friday I posted an article from Biz Daily which highlighted the findings from The Millionaire Mind about the importance of having a supportive spouse while building a business and wealth. As I said in the beginning of Chapter 6, Choice of Spouse: Can you live forever? Marry the wrong spouse and every day will feel like an eternity.
Millionaire: Tell Me About Your Spouse Read More »
It seems that there is more interest now in how the top 1% of the wealth holders in America think than there was when The Millionaire Mind was first published. The principles revealed in this book are timeless and especially important for those who are business owners and for those who are compensated purely on their
The Millionaire Mind . . . Alive and Even Richer Read More »
When people ask me about the activities of millionaires, I have a short answer. As I wrote in The Millionaire Mind, the typical millionaire is, in three words, “a cheap date!” Yes, a cheap date even among a fraction of the top 1% of the wealth holders in America. Many of the favorite activities of
In The Millionaire Mind, I said that the process of building wealth is a marathon. How well you do in this race involves much more than grade point averages . . . . Standardized testing [SATs, GREs,] cannot be substituted for actually running the race. Otherwise our government could just redistribute our nation’s wealth each
Building Wealth is a Marathon, Not an SAT Score Read More »
In The Millionaire Mind, I mentioned that the millionaire population contains a disproportionately high concentration of people who told me that integrity is a critical factor in explaining their economic success. “Being honest with all people” was tied [with being well disciplined] for first in regard to the percentage of millionaires who rated it as
Wal-mart CEO-Leadership Read More »
Kay S. Hymowitz, writing in The Wall Street Journal, asks, “where have all the good men gone?” She contends that a growing number of American “men in heir 20s are living in a new kind of extended adolescence.” While it is true that there are more unproductive males in their 20s today, there are still
Finding a Convoy of Mr. Rights Read More »
What is the meaning of success? Some define it in terms of occupational status, income, net worth, power, and even the size and location of one’s home. But these factors are not necessarily the ones held by Amy Chua who wrote an article, Why Chinese Mothers are Superior, in The Wall Street Journal. Ms. Chua claims, “A
“Chinese Mother”- Not of the Millionaire Next Door! Read More »
Most self made millionaires rank high on the tenacity scale. They report that this characteristic was developed in part during their secondary school and college experiences. The majority (76%) of the millionaires I surveyed report that tenacity and hard work account for why they consistently achieve at a high level. Plus, as I said in The Millionaire
Doctor of Tenacity Read More »