Blog

How come I am not wealthy?

By Sarah Fallaw on Mar 31st, 2015 in Studying the Wealthy

In the introduction to The Millionaire Next Door, a question is asked in the voice of the reader: How come I am not wealthy? The authors state: Many people ask this question of themselves all the time. Often they are hard-working, well-educated, high-income people. Why, then, are so few affluent?  As I am rereading The Millionaire Next Door, […]


Thomas J. Stanley, Father & Mentor

By Sarah Fallaw on Mar 24th, 2015 in Current Events

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 […]


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

By Sarah Fallaw on Mar 3rd, 2015 in Current Events

Thank you for your continued support of Dr. Stanley’s work over the years. Sadly, Dr. Stanley passed away on Saturday, February 28, 2015. Here is a link to the story. A number of requests have been made from individuals asking how they can commemorate Dr. Stanley’s life and work. For this purpose, donations may be made to the following: The Salvation […]


Critics Are Needed to Build Your Resolve

By Thomas J. Stanley on Feb 24th, 2015 in Current Events

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.   […]


The Millionaire Next Door Mile Markers

By Thomas J. Stanley on Feb 17th, 2015 in Current Events

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 […]


Leadership 101, 102 . . . etc.

By Thomas J. Stanley on Feb 10th, 2015 in Mentor's Corner

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 […]


Ask Your Customers About Their Unfulfilled Needs

By Thomas J. Stanley on Feb 3rd, 2015 in Other

The co-founder of Nine West Shoes, Vince Camuto, recently passed away, see The Wall Street Journal.  The Nine West brand certainly rings a bell with me.  In the national survey of millionaires that was the base for my book, Stop Acting Rich, respondents were asked: What brand of shoes (for dress and/or for work) do […]


Tom Hanks’ Movies: $8 billion – I owe it all to community college

By Thomas J. Stanley on Jan 27th, 2015 in Current Events

Tom Hanks’ movies have grossed over $8 billion worldwide.  If you read his recent op-ed “I owe it all to community college” in The New York Times  you might understand why he should be nominated for an honorary membership in the millionaire next door club.  So what if he graduated from a public high school, […]


Needed: College Admission Measures that Judge Success in Life

By Thomas J. Stanley on Jan 20th, 2015 in Current Events

A headline in last week’s Wall Street Journal indicates a step in the right direction for college admission criteria: “Colleges Put the Emphasis on Personality: Some Shift Focus Away from Test Scores in Deciding Which Students to Admit” Yet even adding measures of perseverance, adaptability and discipline to the college admission process is not enough.  […]


To Build Wealth Be Careful Where You Land

By Thomas J. Stanley on Jan 13th, 2015 in Current Events

. . . most of the self-made millionaires I have studied . . . were able to build wealth precisely because they never lived in a home . . . where their domestic overhead made it difficult for them to build wealth.  (Stop Acting Rich) Along these lines consider the ratio of the median household […]