Mentor’s Corner

5 Stars-NO EASY DAY: THE AUTOBIOGRAPHY OF A NAVY SEAL

By Thomas J. Stanley on Mar 5th, 2013 in Mentor's Corner

The subtitle of No Easy Day by Mark Owen [pseudonym]  is very revealing, “the firsthand account of the mission that killed Osama bin Laden.”  I rate this book 5 out of 5 stars!  The very best autobiographies consistently give the reader the impression that he/she is there throughout the subject’s life.  While reading this book, […]

Not Talented? Not Gifted? So Represent Those Who Are

By Thomas J. Stanley on Feb 19th, 2013 in Mentor's Corner

In his acknowledgements, James D. Hornfischer, author of the excellent, New York Times’ best selling book, Neptune’s Inferno, wrote: . . . three years of research and two of writing . . . . Imagine spending five years of your life producing one book!  Even if you worked only 20 hours per week for, say, […]

The Millionaire Next Door Swims with the Economic Tide

By Thomas J. Stanley on Feb 5th, 2013 in Mentor's Corner

Some questions are asked so often that they deserve their own blog.   One such question has to do with career choice framed in the context of “the need to become wealthy.”  Early in my teaching career a distinguished senior professor and colleague once gathered all of the young faculty members together.  He told us that in […]

Small Expenses Add Up Addendum

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

Thanks go out to John Doe who pointed out an error in yesterday’s blog.  It has been corrected.   But here is some additional insight into the blog.  Mr. and Mrs. Teddy Friend Sr., as pointed out, purchased and consumed 50,370 packages of cigarettes over 46 years.  That translates into 1,007,400 cigarettes in total.  Why did […]

Millionaires’ Income: 8.2% of Wealth

By Thomas J. Stanley on Nov 27th, 2012 in Mentor's Corner

Five years ago Brit, 36, and his wife were upside down on their heavily mortgaged home, had a negative net worth and owed more than $60,000 on their credit cards alone.  Today the couple has a positive net worth of about $20,000.  Brit explains that paying off their debts was extremely difficult and took much sacrifice.  […]

Childhood Experiences Often the Foundation for Success

By Thomas J. Stanley on Apr 24th, 2012 in Mentor's Corner

When I was teaching Marketing to 60 executive MBA students I was presented with a problem when trying to explain the concept of a highly focused niche marketing strategy.  Nearly all of the students worked for large public corporations.  Few, if any, had had experience with this business method. To support my discussion,  I drew upon a […]

Mulally of Ford; Tebow of The Jets

By Thomas J. Stanley on Apr 3rd, 2012 in Mentor's Corner

   According to a Wall Street Journal article, the chief executive of Ford Motor Company, Alan Mulally, had the highest compensation package among all executives in the automotive industry.  This is not surprising given the achievements he has made at Ford.  In an recent cable news program about Mr. Mulally, it was mentioned that early in […]

Political Leaders Need to be “Certified”

By Thomas J. Stanley on Mar 15th, 2012 in Mentor's Corner

Most professions in this country certify their members.  After rigorous training, for example, accountants who wish to qualify as being “certified,” must pass the CPA exam.  Lawyers who practice law are required to pass the bar exam.  And so on.   But there are two professions that require no certification: politicians and journalists, both of whom […]

Be Careful When Analyzing the Numbers

By Thomas J. Stanley on Feb 21st, 2012 in Mentor's Corner

A bookstore once asked five Atlanta based authors to participate in a Saturday morning book fair.  As I entered the bookstore, I noted that one of the other authors was also a radio talk show host, Neal Boortz.  I understand that his morning show is one of the most popular nationwide.  He looked at me […]

Encourage Leadership; Reap Success

By Thomas J. Stanley on Feb 16th, 2012 in Mentor's Corner

Ron Chernow’s book, Washington: A Life, has been well received by most critics.  In an interview published in The Wall Street Journal, Mr. Chernow said of President Washington:  You don’t have to be the brightest or the most original mind on the block . . . but what Washington’s life shows is the clarity of vision, the […]