Tag: careers

Career Risks: Now or Later

By Sarah Fallaw on Sep 19th, 2017 in Lessons Learned, Psychology and Careers

In finishing the follow up to The Millionaire Next Door, and specifically in working on the chapter discussing work and careers, there is consistency in the finding that most economically successful individuals must take some sort of risk in their careers. The question is: when an opportunity (risk) is presented, who can take advantage of it? […]

Checked Out of Work

By Sarah Fallaw on Jan 29th, 2016 in Psychology and Careers

Last week, before the storms hit the Northeast, the gate agent on my flight from Atlanta to Philadelphia let us know we might be delayed because “we are waiting on one of our flight attendants.” I wondered why she was late and, if it wasn’t because of an emergency, if she had checked out of work. If you’ve […]

Your Ah-ha! Moment

By Thomas J. Stanley on Apr 25th, 2013 in Other

In an earlier blog post, we discussed how career experiences, both successes and failures, can lead to moments of clarity (Working for those Ah-ha! Career Moments, August 2012). This post highlighted the fact that many successful millionaires have a wide range of experiences that help them determine a successful career path. Of course, a life-changing […]

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 […]

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 […]

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 […]

Working for Those Aha Career Moments

By Thomas J. Stanley on Aug 14th, 2012 in Psychology and Careers

  by Sarah S. Fallaw, Ph.D., Director of Research, AMI Research  Many successful people report having moments of clarity or EUREKA! experiences when it comes to business opportunities. In fact, 29% of millionaires reported stumbling across a great business opportunity as part of their career path, and 39% reported using intuition for business ideas (see […]