Lessons Learned

A Good Reputation is More Valuable than Gold

By Thomas J. Stanley on Feb 9th, 2012 in Lessons Learned

Dion DiMucci has been a constant fixture in the rock and roll colony of great artists since the 1950s.  Now, even at the age of 72, his music is in high demand.  An interview with “Dion” was recently published in The Wall Street Journal. No one would argue that he has musical talent.  But he also […]

Elect Men and Women of Integrity

By Thomas J. Stanley on Feb 2nd, 2012 in Lessons Learned

The current political environment is filled with statements containing half truths, exaggerations, and down right lies.  In light of this it may be  worthwhile to go back and reflect upon the number one factor that underlies success according to my survey of America’s most economically productive people: integrity.  According to Webster’s, integrity implies an incorruptible soundness […]

A Wealth of Halloween Treats Revisited

By Thomas J. Stanley on Oct 27th, 2011 in Lessons Learned

When I was a boy, we lived in a small apartment in a blue-collar section of the Bronx.  Just a quarter mile away was the wealthiest neighborhood in New York City, a residential community called Fieldston, aka Mansionville!  I was nine years old.  I told my eleven-year-old sister, “I’m disgusted with the marginal propensity of […]

One Letter-Multi Millions

By Thomas J. Stanley on Oct 6th, 2011 in Lessons Learned

The new Mustang, especially with the world class 5 liter V-8, is yet another success version of the namesake which made its debut in 1964.  From the beginning the Mustang was a concept based on the preferences of car enthusiasts.  Lee Iacocca who was the #2 man at Ford during his tenure there is often […]

Superior Neighborhood = Superior People?

By Thomas J. Stanley on Oct 4th, 2011 in Lessons Learned

In a recent email, Deb shared her thoughts about buying a home.  I just finished reading Stop Acting Rich, and it reminded me of something. . .  .  My . . .husband and I . . . bought a house. . . . The housing market was down . . . and we were looking in a blue-collar […]

Wealth Building from the Old Testament

By Thomas J. Stanley on Sep 13th, 2011 in Lessons Learned

Perhaps you are a contractor hired to build a mansion.  You need a driveway made of cobblestones recently discovered from an ancient road bed near Boston and someone to provide an elegant marble surface for the foyer of the home.  You may likely call J.J. Flowers Surfacing to complete the work.  Mr. Flowers has a long […]

The Millionaire Next Door: A Poet’s View

By Thomas J. Stanley on Sep 6th, 2011 in Lessons Learned

Thanks to the “Poet Hound” at http://poethound.blogspot.com/ for her review of The Millionaire Next Door and her insightful comments about the book’s influence upon her life.  Among the earliest adopters of the book were millionaire parents/grandparents who gave copies to their children/grandchildren.  They did this so that these young people could understand and appreciate the traditional value of being financially […]

Successful Trial Lawyer Opts for $40 Timex

By Thomas J. Stanley on Aug 9th, 2011 in Lessons Learned

Ned Davis, 36, is a successful trial lawyer.  Even at this early stage in his career, his tally of legal victories places him in the exceptional category.  Ned was kind enough to share some of his insights about the importance of accessorizing when in the courtroom environment.  I’m not a big watch guy, but I […]

Millionaire Investors Leverage Their Knowledge

By Thomas J. Stanley on Aug 2nd, 2011 in Lessons Learned

The Wall Street Journal recently reminded its readers of Peter Lynch’s hall of fame batting average during his tenure as manager of Fidelity Investments Magellan Fund: Delivering 29% annualized returns from 1977 to 1990. . . Mr. Lynch’s work has had a profound influence on the way I invest. I once heard him speak at a Fidelity conference […]

At Best A Contradiction

By Thomas J. Stanley on May 17th, 2011 in Lessons Learned

About half way through writing Chapter 4 (You Aren’t What You Drive) in The Millionaire Next Door, I listed one of our cars “for sale” in the local paper.  This timing was just a coincidence.  However, the characters who showed up to look at the car were worth a chapter by themselves!  Let’s look at Steve, a […]