Conservatives or Liberals: Who Give More? Part IIPosted on July 21st, 2011
Why are liberals less productive in transforming their income into wealth than conservatives? For many high income producing liberals their capital is their high intellect. Or as one liberal respondent, a high income producing physician, said: "[money] income is the most easily renewable resource." This liberal Phi Beta Kappa, Regent's Scholar, cum laude graduate never had trouble perpetually generating a high income. But "if you're not intellectually gifted or your academic record is mediocre, you can survive in a competitive world by working very hard for yourself and building wealth. Wealth can offset . . . so-called inferior intellect and provide...
Unselfish Spouse = Wife for LifePosted on June 16th, 2011
I have been receiving an increasing number of inquiries about "will I be happy, will I be rich" if I marry Susie, Sally . . . ? Guys, I don't have a crystal ball when it comes to choice of spouse. All I can tell you are the qualities of a spouse that contributed to millionaires' successful marriages. The large majority (86%) of male millionaires report that "being unselfish" is a major contributor. Also, most of these millionaires tell me that their wives were raised in a loving, stable and nurturing environment. Acute jealousy and envy of the consumption habits of the so-called...
Millionaire: Tell Me About Your SpousePosted on June 7th, 2011
Last Friday I posted an article from Biz Daily which highlighted the findings from The Millionaire Mind about the importance of having a supportive spouse while building a business and wealth. As I said in the beginning of Chapter 6, Choice of Spouse: Can you live forever? Marry the wrong spouse and every day will feel like an eternity. Marry the right spouse and life will be a joyful and perhaps even a rich experience. I have asked thousands of millionaires, What can you tell me about your spouse? Among the first things they say include: down to earth, unselfish, has traditional values [frugal], my emotional backbone,...
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...
A Cheap DatePosted on May 5th, 2011
When people ask me about the activities of millionaires, I have a short answer. As I wrote in The Millionaire Mind, the typical millionaire is, in three words, "a cheap date!" Yes, a cheap date even among a fraction of the top 1% of the wealth holders in America. Many of the favorite activities of millionaires are not at all costly. It matters not if you are rich or poor, the best things in life are free or close to it. I was reminded of the "cheap date" concept when I read a recent e-mail from a self employed multimillionaire...
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