Studying the Wealthy

$1 Million: Something or Nothing? (Part I)

By Thomas J. Stanley on Dec 8th, 2009 in Studying the Wealthy

Recently, Dave Ramsey magnanimously invited me to be a guest on his show. During the interview, Dave asked me about the changes I had noticed among Americans since the recent economic meltdown. One of the changes I mentioned was the precipitous decline in the number of people who advised me that “$1 million (in net worth) – […]

The Low Profile Millionaire Next Door

By Thomas J. Stanley on Dec 1st, 2009 in Studying the Wealthy

A producer from ABC’s 20/20 news magazine television show once asked if I could identify neighborhoods where the millionaire next door types live. After checking my database, I pinpointed several neighborhoods where these people resided. The resulting televised program certainly raised eyebrows. Most of the homes depicted were in the $200,000 to under $400,000 price range. […]

The Millionaire Life: Beyond Those Next Door

By Thomas J. Stanley on Oct 20th, 2009 in Studying the Wealthy

Why did I write The Millionaire Mind? Because many of those who read The Millionaire Next Door felt that the “frugal” millionaires profiled there were too monk-like! I refer to the millionaires in The Millionaire Mind as 27-percenters, i.e. only 27 percent of those people who live in homes valued at $1 million or more are […]

My First Encounter with a Millionaire

By Thomas J. Stanley on Aug 24th, 2009 in Studying the Wealthy

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 […]

To Write or To Commute?

By Thomas J. Stanley on Jul 13th, 2009 in Studying the Wealthy

People often ask me why I write books.  I get a great deal of satisfaction explaining how millionaires become wealthy in one generation.  But also, I have given more than 3,000 lectures.  You cannot inventory these lectures.  To earn a living as a lecturer, you have to keep lecturing!  But with a book, once it […]

Keeping Up with The Millionaire Next Door

By Thomas J. Stanley on Jul 7th, 2009 in Studying the Wealthy

Monumental changes are taking place in the economic environment, especially among the affluent in America.  But don’t worry about the millionaire next door types.  Their population continues to grow.  However, I do feel the need to disseminate my ideas about the implications of these changes in a more timely manner.  It requires two to three […]

Focusing on Millionaires

By Thomas J. Stanley on Jul 6th, 2009 in Studying the Wealthy

How did I first get involved with conducting focus groups of millionaires? It first happened when I headed up the National Affluent Study for a consortium of the top 50 financial institutions in America.  As part of the study a series of focus groups were to be conducted across America.  There was only one problem.  […]