Current Events

The Millionaire Next Door: a J.C. Penney Fan

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

During the past two years J.C. Penney has implemented a dramatic change in its marketing strategy.  It called for greatly reducing the number of coupon/special on sale pricing and related promotional methods.  Its old method was replaced with the so-called stable, every day price point method.  And, according to The Wall Street Journal, this new strategy called for […]

At What Age? Gifted, Talented or Just Well Prepped

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

At what age do you think a child’s trajectory of future achievements (or lack of) is defined?  Some people think that it is at age 4.  It must be since some of them spend considerable dollars having their 4 year-olds “prepared” for acing “the new gifted and talented test.”  If the child scores big he will qualify […]

An Isle for The Millionaire Next Door!

By Thomas J. Stanley on Apr 2nd, 2013 in Current Events

We just spent 5 days chilling out on a Florida barrier island on the Gulf coast. It was our first visit to St. George Island .  After 2 days there it became evident to me that this laid back environment is well suited for the millionaire next door types I have known.  It is quiet, reasonable [$8.50/dozen Apalachicola oysters] and […]

Tax Cheats in Super Cars?

By Thomas J. Stanley on Mar 19th, 2013 in Current Events

This respondent edited the printed screener, wrote outside the boxes: “I don’t own a Ferrari, I own three!  . . . Rolex? I have three plus . . .Breitling, Cartier, Movado, Omega, Tag Heuer . . . (wine collection) 2,000 bottles.” Mr. Multiplinski, aka Mr. M, was first profiled in Stop Acting Rich. But it is […]

Barbershops, 91% Profitable but Not the U.S. Senate’s

By Thomas J. Stanley on Feb 12th, 2013 in Current Events

A recent news headline read: “Senate even losing money on haircuts; Critics say $400K deficit for hair salon symbolic as Congress seeks military, domestic program cuts.”  Yes, even in these times when families are struggling financially, our government in Washington is providing subsidized haircuts for members of the U.S. Senate. Last year the Senate Hair […]

To Build Wealth Maximize Your Unrealized Income

By Thomas J. Stanley on Jan 15th, 2013 in Current Events

Warren Buffett is the best of the best at transforming income into wealth.    How did he do it?  Wise investing, you say.  Combine this with his reputation for having enormous integrity and his well publicized frugal lifestyle.  When it comes to consumption he seems to possess traditional midwestern values.  In spite of his substantial wealth he lives in a relatively […]

Resolve to Think Big in 2013 and Beyond

By Thomas J. Stanley on Jan 1st, 2013 in Current Events

For 13 years I had the privilege of having Dr. David Schwartz as a colleague and mentor.  He was the author of the perennial best-seller, The Magic of Thinking Big.  I suggest that you read it, reread it and take notes!  Then list the major objectives that you have in life.  For many people who […]

The Millionaire Next Door’s Gift Ideas

By Thomas J. Stanley on Dec 21st, 2012 in Current Events

Before you head out on a weekend of holiday shopping, we’d like to share some gift ideas that we recently shared with our AMI Research Panel. – Forget the latest gadget and give workout clothes! – Instead of spending big bucks on a new smart phone or tablet, get your loved one some new workout […]

Bologna on Black Friday!

By Thomas J. Stanley on Nov 19th, 2012 in Current Events

The holiday shopping frenzy begins this week!  Therefore I thought it might be a good time to run a blog from last year entitled Black Friday Blues.  The theme of the blog is that in most cases the retail prices on popular consumer products are not at their lowest the Friday following Thanksgiving.  Certainly there are some […]

$500 Trillion Tax Break for the Rich? Say It Ain’t So, Joe

By Thomas J. Stanley on Oct 29th, 2012 in Current Events

Help!  Did I hear this correctly?  I understand that last Friday portions of a recorded campaign speech were broadcast on the radio.  Did Vice President Joe Biden really tell an audience that the Republican platform included a $500T tax break for the wealthy?  The entire personal wealth combined for all households in America is only […]