Current Events

Count Your Blessings This Christmas

By Thomas J. Stanley on Dec 23rd, 2014 in Current Events

A multimillionaire once defined what it means to be wealthy.  Wealth is not only about money but Good health, longevity, happiness, a loving family, self-reliance, fine friends, if you [have] five, you’re a rich man.   The Millionaire Next Door

A Personal Finance Favorite for the Holidays!

By Thomas J. Stanley on Dec 16th, 2014 in Current Events

In the last few weeks a variety of articles have popped up recommending books on financial topics as gifts this holiday season.  I was especially pleased to read Adam Zoll’s Great Book Ideas for the Investor on Your List on  I understand that Morningstar readers were asked to indicate their favorite books on the topics of investing and […]

Where Did the Designer of Your Car’s Engine Attend College?

By Thomas J. Stanley on Dec 9th, 2014 in Current Events

Thank you, Mr. S.Y., for your recent 5-star review of The Millionaire Mind.  In it you succinctly explained the book’s theme, focusing on the key table [Table 2-1] “Millionaire Success Factors.” . . . least important (success factor) . . . graduating near/at the top of my class.  (ranked 30th of 30 factors) This component is […]

Black Friday Sales

By Thomas J. Stanley on Nov 25th, 2014 in Current Events

Where can you find the millionaire next door on Black Friday?  At work!

Emigrating Chinese Millionaires -Not Next Door!

By Thomas J. Stanley on Oct 28th, 2014 in Current Events

Google “China’s millionaires” and you will find an array of articles that focuses on two issues related to this population.  One, entitled “China Now Has More Millionaires Than Any Country but the US,” states that the millionaire population in China rose by an astonishing 82% between 2012 and 2013.  There are approximately 2.4 million millionaire households […]

J.C. Penney Patronized by The Millionaire Next Door

By Thomas J. Stanley on Jun 24th, 2014 in Current Events

A recent article in The Wall Street Journal stated that “J.C. Penney reported quarterly results late Thursday and its shares soared 16% Friday.”  I’m delighted that J.C. Penney is rebounding from its brief and ill-advised venture into fashion boutique world.  Much of its current success appears to be a function of the company returning to […]

Millionaires: Next Door and in the White House

By Thomas J. Stanley on May 20th, 2014 in Current Events

In The Millionaire Next Door I asked: What evidence is there that the government knows the formula for becoming financially independent in America? Our government studies “top wealth holders.” So do I.  And our findings are similar.  Millionaires live on the equivalent of a small proportion of their wealth.  They are heavy investors in commercial real […]

Wealth Is Attracted to People Who Respect Money

By Thomas J. Stanley on May 13th, 2014 in Current Events

In an editorial in The New York Times, it was stated that: A million dollars used to be a magic number, a sign of permanent affluence.  You made it!  But now it won’t buy you . . . [the array then follows]. I have found that journalists have a tendency to discount the importance of […]

America: Where Millionaires are Self Made

By Thomas J. Stanley on May 6th, 2014 in Current Events

Recently a fellow asked me about my impressions of French economist Thomas Piketty’s new book, Capital in the Twenty-first Century.  I have not read the book, but I’ve read comments about it including a recent interview with the author.  He postulates the existence and forecasts the growth of  inequality in terms of the concentration of wealth and income. In […]

What Does the Millionaire Next Door Read? Trade Journals

By Thomas J. Stanley on Apr 15th, 2014 in Current Events

If your local library does not carry the periodical Automotive News, it might be worth your while to request that it do so.  The trade journal is a bit pricey for an individual to purchase.  But in my business this weekly periodical is a very important source of information about what some people refer to as “the […]