Lessons Learned

Critics Necessary to Weed Out Those Who Lack Courage and Resolve

By Thomas J. Stanley on Mar 4th, 2014 in Lessons Learned

Roy is about to transition from being an employee to a self employed business owner.  He has many of the characteristics which are important for succeeding in business.  He is very knowledgeable in his field, he is well-disciplined, he has excellent work habits, and he has a stellar credit rating.  He and his family live well […]

The Spirit of Valentine’s Day All Year Long

By Thomas J. Stanley on Feb 11th, 2014 in Lessons Learned

My research over the past three decades indicates that one’s home environment has much to do with the overall success of people whether in terms of accumulating wealth, being a leader, building one’s own business, or even overcoming great adversity.  As just one example, of the 944 millionaires surveyed nationally for Stop Acting Rich, those […]

Winners Are Not Discouraged by Impediments, Disabilities or Early Failures

By Thomas J. Stanley on Feb 4th, 2014 in Lessons Learned

In an earlier blog I profiled Malcolm who spoke with a severe stutter.  After graduating from college, he searched for a job in sales.  Malcolm’s first 18 interviews resulted in 18 rejection letters; yet he was not discouraged.  His mother told him to view each rejection as one step closer to finding a job which he eventually […]

Happy People Count Their Current and Future Blessings

By Thomas J. Stanley on Jan 7th, 2014 in Lessons Learned

David, a straight “A” undergraduate student of mine, once invited me over to his apartment for his wife’s “famous Sunday chili dinner.”  While driving to his apartment, I realized that they lived in what could be called the “poor side” or “industrial” part of town.  He and his wife, both 23, had two small children.  David was the […]

Foundation for Cultivating Wealth Begins in College

By Thomas J. Stanley on Dec 10th, 2013 in Lessons Learned

Think of America’s workforce distributed along a continuum.  At one end you have hunters and gathers (those who must work everyday because they have no wealth).  At the other end, you have cultivators of wealth (those who stockpile income and inventory their productivity).  But it is not just about investing.  Those who are extreme cultivators […]

Opportunities to Prosper in Land of the Free

By Thomas J. Stanley on Nov 19th, 2013 in Lessons Learned

In the Declaration of Independence Thomas Jefferson succinctly specifies the rights of individuals: We hold these truths to be self evident, that all men are created equal, that they are endowed by their Creator with unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.  We as Americans have in essence been given […]

Key Millionaire Factor: A Supportive Spouse

By Thomas J. Stanley on Oct 22nd, 2013 in Lessons Learned

In the course of conducting research for The Millionaire Mind, the topic of “choice of spouse” was highlighted.  One of the respondents, a decamillionaire and senior corporate executive, spoke of the importance his wife had played in his success.  He recounted, “the joy of being married to an unselfish, intelligent and nurturing spouse.”  After two years […]

SAT 800s; GPA 2.5; Wealth $1.7M

By Thomas J. Stanley on Aug 20th, 2013 in Lessons Learned

Given his less than stellar academic background, W.K.’s job prospects were limited.  Consequently he realized that he would have to become his own employer.  In that way he would be evaluating his own job application.  Today he is quite successful as a self employed mortgage broker.  According to W.K.,43, not one of his $1.7M of net worth ever asked […]

Fifteen Dollars

By Thomas J. Stanley on Jun 18th, 2013 in Lessons Learned

Please describe a life-changing event, experience or encounter that altered your life or circumstances in a substantial way. Please describe the experience, and how it impacts your life today. A few weeks ago, we asked the AMI Research Panelists and followers of @thomasjstanley on Twitter and Facebook to respond to the question above. Many of you […]

A Life Changing Event

By Thomas J. Stanley on Jun 11th, 2013 in Lessons Learned

Often a single event can dramatically alter the degree of one’s socioeconomic achievement.  And here is just one example: I had dropped out of college and was working as a cocktail server at a casino.  The sections that we served rotated daily so I would work with different girls everyday.  I walked into my designated service bar […]