For most people, becoming financially independent requires adopting the lifestyle of the millionaire next door. Lifestyle of this type is all about disciplined behavior. It is not about merely reading books on the topic, but about applying the concepts to your every day life. All told there have been many more books published and sold …
Not all people who inherit wealth spend it lavishly. This is especially true if their parents were dyed-in-the wool millionaire next door types. I was reminded of this fact in an article that I read about Mrs. Rosemary Johnson. She bequeathed $2.23M to the Madison (WI) Community Foundation. This foundation supports the local children’s museum, the YWCA, …
Who are among the best at serving the needs of the millionaire next door types? Often they are those who have had experiences with these types of people during their formative years. Tony Schuman, a successful investment manager, was sensitized early in his life to the significant differences between the low profile millionaire next door and those …
Recently a television reporter mentioned that 20% of the revenue generated by movie theaters occurs during the short 2 week holiday period in December. The euphoria of the holiday experience may cause one to lower his/her guard when evaluating the theater offerings. I almost made a bad mistake in this regard. I saw more than several advertisements for The …
Recently, Karl Sakas wrote an interesting blog, Stumbling Onto The Millionaire Next Door. I got a million dollar surprise when I picked up my dry cleaning . . ..Waiting in line to pay $1.79 per shirt, I noticed an unexpected envelope on the counter. The return address had a “Milliman” logo. That wouldn’t mean anything …
Merry Christmas and Happy New Year and millions of thank yous for your continued support of the millionaire next door! See you in 2011!
According to Jason Boog, on Galleycat.com, U.S. Senator Bernie Sanders (Vermont-I) delivered a long filibuster last Friday in opposition to the tax compromise between the Republicans and the Obama administration. Apparently, Senator Sanders is a fan of The Millionaire Next Door: I love the book, The Millionaire Next Door. It talks about how it is …
“The Millionaire Next Door” in the the U.S. Senate Read More »
Now that the holiday season is in full swing, it might be a good time to reflect once again on the ways and means of the millionaire next door. This came to mind after I observed a woman who was trying her best to pay for a down vest at a recreational equipment emporium. First she …
I recently made a presentation at a conference of estate planners. After I left the podium, Kim, a successful estate attorney, walked up to me carrying an opened copy of The Millionaire Next Door. I read this book when I was a senior in college, and the information right here on page 214 changed my life. Up until that time I …
An article recently crossed my desk which indicated that donations to noble causes by the affluent had declined significantly during the latest economic malaise. If your job is to raise money for one or more of these causes, how should you respond to this news? It’s logical to assume that your business will decline parallel to the overall trend. This is …