Current Events

Recommended Reading from Nick Murray

By Sarah Fallaw on Apr 29th, 2015 in Current Events

In a recent edition of Financial Advisor magazine, Nick Murray wrote a piece on The Millionaire Next Door and Dr. Thomas J. Stanley’s life. Mr. Murray, an expert in his own right, discusses the book in the context of the time it was written and the way in which stories were blended with statistics to illustrate how seemingly […]

Continuing the Journey: Data Points

By Sarah Fallaw on Apr 21st, 2015 in Current Events

One of the projects my father and I were working on before his death was a new company called DataPoints. Based on his research and data, I created a company to provide financial institutions and individuals a way to determine individual wealth potential using assessments and reporting. My father was my chief advisor and mentor. […]

Trading on Anticipated Future Wealth: Homes & Cities

By Sarah Fallaw on Apr 9th, 2015 in Current Events

A recent article in The Boston Globe highlights the issues Bostonians are considering related to purchasing homes in affluent areas. The piece recites a financial-planning principle: “A bit of perspective: In many parts of the country, the rule of thumb is that housing costs should occupy a third of one’s income. Here, that standard frequently […]

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 […]

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 […]