Emphasize Net Worth-Part IIPosted on October 13th, 2011
In the previous blog, I reflected upon the millionaire next door's Rule #2 for building wealth. I'd like to thank Mr. "Cropmate" for reminding me of this concept. In an Amazon book review for Stop Acting Rich he stated: I first heard of him [Stanley] and his then new book [The Millionaire Next Door] from an excerpt in a financial magazine. . . . This was a life changing book for me in that it destroyed my previous beliefs that those who owned fancy cars, wore fancy clothes, lived in huge houses, and partied at the local country club were, in fact, not truly rich in...
Abraham Lincoln: The President "Next Door"Posted on September 8th, 2011
In the Across the USA section of USA Today a recent item from Athens, Georgia conjured up some past emotions about my alma mater. It mentioned that millions of items were in the process of being moved from The University of Georgia's main library to a new building which will house special collections. I hope that my original, handwritten manuscript of The Millionaire Next Door which I donated at Georgia's request will be placed in a more modest setting. The manuscript was initially placed in a glass case in the Hargrett Rare Book and Manuscript Library (see Timeline). For several months, it was there...
More Lessons from Keith Richards' LIFEPosted on June 14th, 2011
After completing their first grueling 1,000 gig tour, Mick Jagger and Keith Richards made one of the best business decisions of their short careers. They hired a manager, Andrew Oldham, for the Rolling Stones. Mr. Oldham informed them that musicians, no matter how talented, are a dime a dozen, and unless they begin to write their own songs they will soon be out of business. He even locked them in a kitchen and told them not to come out without a song! What is the problem with doing 1,000 gigs or 10,000 in a lifetime? Once you walk off the stage, the performance is history. You generate...
Lessons Learned from Keith Richards' LIFEPosted on June 9th, 2011
Are you contemplating a career as a small business owner? If so, you may wish to read Keith Richards' book, Life. I believe that the Rolling Stones band is the single most productive small business in the free world! Often public corporations brag about their average revenue per employee- in the hundreds of thousands of dollars. For the four full time employees of the Rolling Stones, it is in the hundreds of millions. At the beginning, however, let's cut away the "bad boy" persona including bad hair, bad behavior, bad outfits . . . . These help sell records and concert tickets. Yet there...
The Millionaire Mind . . . Alive and Even RicherPosted on May 12th, 2011
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 economic performance. On Sunday, a review of the work was featured in Business Secrets from solidbusinessresource.com. After its first publication, Dr. Thomas J. Stanley's second best-seller The Millionaire Mind spent over four months on the New York Times best-seller list, rising to position #2, and has sold over...
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