A bookstore once asked five Atlanta based authors to participate in a Saturday morning book fair. As I entered the bookstore, I noted that one of the other authors was also a radio talk show host, Neal Boortz. I understand that his morning show is one of the most popular nationwide. He looked at me […]
Be Careful When Analyzing the Numbers Read More »
Nearly all [95%] of the top 1% of wealth holders in America reported that “being well disciplined was very important/important” in explaining their socioeconomic success. As I stated in The Millionaire Mind, A disciplined person sets his or her sights on a lofty target, then figures out productive ways to reach the target. Disciplined people are
Discipline: A Nutrient of Success Read More »
From studying the affluent market for over 30 years I have learned how individuals who seem quite ordinary become the millionaires next door. This research has focused primarily on those who are very productive in transforming their incomes into wealth. In turn, I have tried to highlight the lifestyles, habits and background of this population through
To My Readers: Your Input is Requested Read More »
Will our economy improve? I believe it will; it has been improving for about the last two years. I know this because I have a special crystal ball that reveals the future! Actually, part of the crystal ball is in print form: the weekly editions of Automotive News. I am particularly interested in the production and sales
Our Economic Future on Wheels Read More »
The following question was asked in The Millionaire Next Door: What makes of cars are most popular with millionaires? Number one in market share (9.4%) was Ford. . . the most popular models include the F-150 pickup. . . about three in ten millionaire Ford drivers own F-150 pickups. More recently, in Stop Acting Rich,
Ford Pickup: #1 Vehicle in Sales & Profits Read More »
Why do I profile auctioneers? It began almost by accident. Pouring over the Census data during several preceding economic downturns, I noticed that there was a large concentration of high income producers among full time, professional auctioneers. Historically, their income seems to vary in the opposite direction of the American economy in general. What I have found is that because
Millionaires 10 X the Norm? Auctioneers Read More »
Are you feeling blue, even guilty or left out? You did not participate in the Black Friday madness. Perhaps you didn’t even take advantage of all those opportunities available on Cyber Monday. . . . Alternatively, you indeed might have been lucky and perhaps smart as well to have avoided following the crowd of more than 100,000,000
Black Friday Blues Read More »
Mr. JF recently contacted me regarding The Millionaire Next Door. I finally understand why I’ve lived my life the way I have and become the millionaire next door. It would have been nice to have had this instruction manual early in my life but it’s also rewarding at 52 to realize I was blessed to
Ivy League Achievers Read More »
In a recent article from The American Thinker, Chris Corrodo provides an excellent counter to those who advocate increasing the taxes of the so-called “rich.” He briefly discusses the characteristics of the millionaires profiled in The Millionaire Next Door. Thomas J. Stanley’s insightful book tells us that the majority of wealthy people live quite frugally, and about 80% of
Advocates of “Tax the Rich” Please Read The Millionaire Next Door Read More »
Following up on the theme of my last blog, Millionaire Rule 1.49, I would like to share an email I received from Mr. G who lives in a mid-size, Midwestern city. I bought “The Millionaire Next Door” when in graduate school in 2001. It was the right book at the right time for me. It
Millionaire in the Making: Income $240K, Home $190K Read More »