The Millionaire Next Door's Gift IdeasPosted on December 21st, 2012
Before you head out on a weekend of holiday shopping, we'd like to share some gift ideas that we recently shared with our AMI Research Panel. - Forget the latest gadget and give workout clothes! - Instead of spending big bucks on a new smart phone...
Long on Mortgage; Short on WealthPosted on July 15th, 2010
In a recent article, The New York Times profiled those people who have defaulted on unpaid mortgages of $1 million or more. The author contends that "the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population. . . more than 1 in 7 homeowners with loans in excess of $1 million is seriously delinquent. . . about 1 in 12 mortgages below the million dollar mark is delinquent. . . data suggests that many of the well-to-do are purposely dumping their financially draining properties." The implication is that it is the cold, calculating...
A Millionaire ProfilePosted on May 25th, 2010
From time to time I like to share some of the notes and e-mails I receive from millionaires in hopes that you may gain insight into to the lifestyles of these self made, financially independent people. One such profile came from a respondent to my latest national survey. You may find Mrs. T and her husband's lifestyle boring, even common. But they are uncommon in the sense that they are financially independent. In contrast, there is nothing more common than those people in America who live paycheck to paycheck. The note attached to Mrs. T's returned questionnaire said, "Dr. Stanley, thank you for...
New Tax Law Targets America's Most Productive WorkersPosted on April 27th, 2010
I was not going to tackle the issue of the new tax law changes at this time. However, Ben A. wrote an excellent response to my "Henry" blog last week. Ben pointed out accurately that the top 10% of the income earners in the United States pays over 70% of the tax on personal income. After reading this, I went back and looked at the data that I had gathered from the IRS. From this I estimate that in 2009 42% of the total federal income taxes in America will be paid by the top 1% of the income earners even though...
Questions for The Millionaire Next DoorPosted on February 16th, 2010
We are currently setting the foundation for a new book which focuses on the wealthy. We would greatly appreciate your input as to the topics you would like us to address in this next work. Many of you have already shared your ideas via the website. If you'd like to participate in this study, please click here to respond to our survey- it will take 5-10 minutes of your time. Your responses are confidential, and you will be among the first to help guide the new book. Thank you in advance for your feedback and for sharing this with your friends, family and colleagues. As I have for over 30 years, I look forward...
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