You: The MentorPosted on May 16th, 2013
A few weeks ago, readers of my blog and AMI panelists were asked to recount their "ah-ha!" moments as part an ongoing research effort examining wealth building in America. We appreciate the honesty and courage that many of you exhibited in sharing your stories and how they changed your lives. ...
Your Ah-ha! MomentPosted on April 25th, 2013
In an earlier blog post, we discussed how career experiences, both successes and failures, can lead to moments of clarity (Working for those Ah-ha! Career Moments, August 2012). This post highlighted the fact that many successful millionaires have a wide range of experiences that help them determine a successful career path. ...
Financial Experiences Courtesy of YouPosted on December 11th, 2012
by Sarah S. Fallaw, Ph.D., Director of Research at AMI In the Just Say No era of the 1980s, there were several memorable public service announcements (PSAs) that aired. None were perhaps as memorable as the one involving a father and son. The son, upon being asked who taught him to use various types of unspecified drug paraphernalia, replies to his father, "You, all right?! I learned it by watching you!" You can see this PSA today on YouTube; it's definitely a classic. It highlighted what we know but sometimes ignore: that our behavior as parents is most likely going to...
College Ranking Not Among Millionaires' Key Succes FactorsPosted on December 4th, 2012
The national survey which served as the base for The Millionaire Mind represented a fraction of the top 1% of the wealth holders in America. Some of the myths about these people are that they were all straight A students, scored at the top on the SAT, attended elite private schools, etc. The average SAT score for the sample was 1190. Their most frequent grade in both high school and college was "B." Their GPA in college was 2.9. They typically did not qualify for admission to an "elite" college or university. But there were a few who, in spite of their mediocre credentials, somehow made it into the...
Working for Those Aha Career MomentsPosted on August 14th, 2012
by Sarah S. Fallaw, Ph.D., Director of Research, AMI Research Many successful people report having moments of clarity or EUREKA! experiences when it comes to business opportunities. In fact, 29% of millionaires reported stumbling across a great business opportunity as part of their career path, and 39% reported using intuition for business ideas (see The Millionaire Mind, Chapter 5). For some, intuition and opportunity can lead to lucrative and exciting work. For example, in The Millionaire Mind, Jim lost it all in real estate, only to discover that he was highly successful at...
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