Mentor’s Corner

Millionaires Buy Cars from Extraordinary Sales Professionals

By Thomas J. Stanley on Sep 10th, 2013 in Mentor's Corner

Automotive News recently reported that two-thirds of new car buyers walked “ice cold” into the dealership where they bought their car.  The others took the initiative by contacting the dealer first. In another article more than half of new car buyers indicated that the number one problem with their purchasing experience was “dealing with a salesman.” Most of these […]

Big Intellect, Little Discipline, Little Achievement

By Thomas J. Stanley on Sep 3rd, 2013 in Mentor's Corner

Here is a short piece about an interesting article published in The Chronicle of Higher Education, i.e. “Ph.D. Attrition: How Much is Too Much?”.  The subtitle of this article is indeed telling: A disturbing 50 percent of doctoral students leave graduate school without finishing.  How can this be possible?  The large majority of doctoral students […]

It Pays to be Different

By Thomas J. Stanley on Aug 6th, 2013 in Mentor's Corner

The next time you visit the Gettysburg Battlefield stop by the National Museum.  It is near the high water mark of Pickett’s ill-fated charge.  Inside the museum you will find a long set of glass cases.  They are filled with numerous clusters of lead bullets, grape shot, and cannonballs all which met/fused together in mid air […]

Young Married Couples: Follow the Ways of The Millionaire Next Door

By Thomas J. Stanley on Jul 16th, 2013 in Mentor's Corner

Love should be the basis for a long and happy marriage. But even deep affection can be tarnished if a couple does not share the same goals and objectives.  J and J, both 28, are getting married this fall.  He is an engineer; she is an accountant.  Neither have any debt. Their combined 2013 income will be nearly $150,000 […]

Don’t Overlook the Profession of Selling

By Thomas J. Stanley on Jul 2nd, 2013 in Mentor's Corner

Continuing with the theme of my last blog, today I would like to relate to the Forbes profile of Dick Bolles, author of What Color is Your Parachute?  The book sold 10 million copies in 20 different languages and in 1994 was named one of the 25 books ‘that have shaped readers lives’ by the Library of Congress.   […]

Forbes Article-A Required Reading Gem

By Thomas J. Stanley on Jun 25th, 2013 in Mentor's Corner

The June 24, 2013 issue of Forbes entitled The 2013 Investment Guide Special Issue is a must read for parents and teachers who want to educate our youth about how to achieve financial independence.  The cover accurately describes the content of the issue:  “money magic top secrets from wealth wizards.”  Of particular note are the 20 […]

College Freshmen. . . Tomorrow’s Winners Associate with Today’s Achievers

By Thomas J. Stanley on May 7th, 2013 in Mentor's Corner

There are more than flowers blooming at this time of the year around Atlanta.  Graduation banners are popping up in nearly every subdivision in my community.  CONGRATULATIONS TO THE CLASS OF 2013 they read, followed by a list of the graduates and their prospective colleges.  What advice would I give to these students, if asked? Many […]

Stocks: Not the Only Bull Market

By Thomas J. Stanley on Apr 23rd, 2013 in Mentor's Corner

A recent newspaper headline proposed that “the best way to get rich is the stock market.”  Building wealth via stocks or other investments is akin to growing trees.  You can’t grow oak trees if you don’t have enough money to buy acorns.  So, suggesting that the stock market leads to wealth is putting the cart […]

The Millionaire Next Door. . . An Academic Entrepreneur

By Thomas J. Stanley on Apr 16th, 2013 in Mentor's Corner

Two recently published articles caught my attention.  And, bear with me, they are related!  In the first one, Bob Dudley, the well respected CEO of BP, is quoted:  Employment is difficult in many places.  But anybody who goes through petroleum engineering, chemical engineering there will be jobs for them. . . .  . . . […]

Part-time Hobby, Full-time Wealth

By Thomas J. Stanley on Mar 12th, 2013 in Mentor's Corner

Wall Street recently lost one of its greatest investment gurus, Dr. Martin Zweig.  His obituaries were published prominently in both The Wall Street Journal and The New York Times.  His accomplishments were many.  On the Friday before the Monday stock market crash of 1987 he predicted “crash” on TV’s Wall Street Week program.  Also The Zweig […]