Current Events

Socioeconomic Mobility on the Wane? Au Contraire!

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

In The Millionaire Mind I wrote: . . . key success factors our economy continues to recognize and will continue to reward:  hard work, integrity. . . . It seems that at least once a week during the last ten years, I have read published news stories and editorials claiming that economic opportunity in America is […]

Dress for Success; Shop at Wal-Mart!

By Thomas J. Stanley on Feb 18th, 2014 in Current Events

Last month a picture of Jim Harbaugh, coach of the San Francisco 49ers, appeared in USA Today.  But the picture was not taken on a football field.  Coach Harbaugh was standing in front of a rack of blue jeans and khaki pants in a Wal-Mart store.  In his hands he was holding packages of underwear and […]

Common traits of successful corporate executives and the millionaire next door

By Thomas J. Stanley on Jan 14th, 2014 in Current Events

There are two forms of human intelligence.  One is cognitive intelligence [IQ] which I believe is highly correlated with SAT results, etc.  But as reported in The Millionaire Mind, Cognitive ability [IQ] tests have been notoriously poor predictors of leadership performance. . . .  Relations between intelligence and leadership and managerial performance . . . accounting […]

Russian PR Nightmares Continue. . .

By Thomas J. Stanley on Dec 17th, 2013 in Current Events

In terms of public relations the bad news continues for Russia.  It has recently been revealed that the concentration of wealth in Russia is by far the highest of all major nations in the world.  In a recent blog, I cited a report by Credit Suisse which indicated that 110 households own a staggering 35% of personal wealth […]

Black Friday Blues and Bologna Revisited

By Thomas J. Stanley on Nov 26th, 2013 in Current Events

No one ever got rich by camping out for two or three days to be first in line for Black Friday sales events.  Or as I said in an earlier blog: Two days camping out in line, that’s 48 hours or nearly 5 times the number of hours a millionaire next door allocates per month to […]

Nothing Soft About the Cost of Sodas

By Thomas J. Stanley on Sep 24th, 2013 in Current Events

The Wall Street Journal stated that the per capita consumption of carbonated soft drinks [sodas] in this country is 165.3 liters. Last month Bob, a millionaire next door in the making, contacted me about a related issue.  He heads a family of 5 which up until recently was a consumer of soda.  He wasn’t certain how much money his family […]

Dr. King, Leadership and Courage

By Thomas J. Stanley on Aug 27th, 2013 in Current Events

Webster’s defines courage as “the response of facing and dealing with anything recognized as dangerous, difficult or painful; the courage of one’s convictions, the courage to do what one thinks is right. And courage is the hallmark of great leadership.  Tomorrow marks the 50th anniversary of the March on Washington.  Then, and in many other […]

America’s College Students Subsidize Those In Third World

By Thomas J. Stanley on Aug 13th, 2013 in Current Events

A recent article in The Chronicle of Higher Education, “In India, Academics Defend Photocopying of Textbooks for Course Packs,”  highlights the wealth and income differences among nations.   I understand that the price of college textbooks designated for the American market is the highest in the world.  But I have encountered college students here who have purchased  English language textbooks for dramatically […]

High Quality Furniture: Less Costly in the Long Run

By Thomas J. Stanley on Jul 30th, 2013 in Current Events

Omitted from my online resume is the heading of hobbies:  “avid wordworker since age 12; builds rustic tables, cabinets. . . carves ducks, many from first growth white cedar . . . .”  As a woodworker I often make judgments about the quality of wood and workmanship in new and used furniture, even some antiques.  My […]

Help Stomp Out Adultery: Drive a Hyundai!

By Thomas J. Stanley on Jul 9th, 2013 in Current Events

The following are extractions from an article recently published in Automotive News. After you have read them, what might you conclude? Married people who drive an Audi are the [automobile] industry’s biggest adulterers, according to a British Web site that helps them do it.  The site,, which proudly describes itself as “the U.K.’s leading married dating […]