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Thomas J. Stanley, Father & Mentor

Posted on March 24th, 2015

Dear Readers,Thomas J. Stanley, my father and mentor, passed away after a tragic car accident on February 28th, 2015. At the time of his death, we were working together on multiple projects, including two new books, Data Points, and a line of research examining life experiences and wealth accumulation.Our family takes great comfort from the kind messages and comments that reveal the positive and lasting influence my father's work had on people's lives. In the wake of his passing, several journalists have provided unique and thoughtful commentary on how he redefined what...

Thomas J. Stanley, Ph.D. 1944-2015

Posted on March 3rd, 2015

Marietta, GA 30060;   Terry College of Business, Marketing Department The University of Georgia278 Brooks Hall

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Critics Are Needed to Build Your Resolve

Posted on February 24th, 2015

Harry owns a Jeep dealership.  Recently his 14 year old son told him that "some of the kids at school are teasing me over the headline in USA Today:  Jeep tops 'Consumer Reports' list of worst car values.  Earlier USA Today  published Consumer Reports' "predicted liability by brand."  Jeep ranked 27 of 28 makes.   How should Harry respond to his son's concerns?   He should think of it as a great opportunity to teach his son about the realities of life, especially success.  According to Automotive News there were 692,348 Jeeps sold in America in 2014.  That's up from...

The Millionaire Next Door Mile Markers

Posted on February 17th, 2015

Most households in America with good to even great incomes, "have small levels of accumulated wealth.  Many live from paycheck to paycheck."  And, as I also wrote in The Millionaire Next Door, these are the people who will benefit most from the book.  With this in mind you will understand my keen interest in the contents of a just published report by the Pew organization.  The title is indeed telling, The Precarious State of Family Balance Sheets.  Here are some highlights from this empirically based report:. . . many families, even those with relatively high income, are walking a financial...

Leadership 101, 102 . . . etc.

Posted on February 10th, 2015

The arch type millionaire next door is an economically successful self employed business owner.  In other words, he is an employer not an employee.  He is in essence a leader.  This fact has much to do with understanding something important about millionaire business owners.  There is little or no significant correlation between cognitive intelligence test scores and demonstrated leadership performance.  By the way, I'm of the opinion that the SATs, ACTs, GMATs, and GREs and alike are essential measures of cognitive intelligence.Along these lines, I cited the related findings of two eminent scholars, Fiedler and Link, in The Millionaire Mind:Cognitive ability...