Tag: Forbes 400

Russian PR Nightmares Continue. . .

By Thomas J. Stanley on Dec 17th, 2013 in Current Events

In terms of public relations the bad news continues for Russia.  It has recently been revealed that the concentration of wealth in Russia is by far the highest of all major nations in the world.  In a recent blog, I cited a report by Credit Suisse which indicated that 110 households own a staggering 35% of personal wealth […]

To Build Wealth Maximize Your Unrealized Income

By Thomas J. Stanley on Jan 15th, 2013 in Current Events

Warren Buffett is the best of the best at transforming income into wealth.    How did he do it?  Wise investing, you say.  Combine this with his reputation for having enormous integrity and his well publicized frugal lifestyle.  When it comes to consumption he seems to possess traditional midwestern values.  In spite of his substantial wealth he lives in a relatively […]

Millionaires: Firefighter, School Bus Driver, Engineer. . .

By Thomas J. Stanley on Oct 26th, 2010 in Studying the Wealthy

Not all of the interesting information in the Forbes 400 issue deals with billionaires.  For example, in Matthew Schifrin’s article, he profiles several amatuer investors who became millionaires by significantly outperforming the market.  One of these investors, not surprisingly, is a civil engineer and is pictured standing next to his no frills Ford 150 pickup truck.  Remember that Ford was the #1 make and […]

Teach Your Children Well-Part I

By Thomas J. Stanley on Sep 14th, 2010 in Current Events

The diet police are up in arms again.  In essence they are proposing that the government take action so that our children will be discouraged from patronizing fast food restaurants. Imagine banning Happy Meals?  From this writer’s point of view this is un-American!  I believe that the diet police are made up of malcontents who […]

Big Trees, Big Wealth

By Thomas J. Stanley on Sep 9th, 2010 in Studying the Wealthy

Many millionaires have told me that being economically successful has more benefits than just financial independence.  As one very wealthy entrepreneur said, “It’s an absolute joy to associate with other successful people.”  This fellow wasn’t just talking about other multimillionaires like himself.  He was also referring to many of the high grade professionals such as lawyers, accountants, […]

Part 2 of 3: The Millionaire Next Door. . . Swiss? Cheese only.

By Thomas J. Stanley on Sep 8th, 2009 in Current Events

Why is it that most of the millionaire next door types do not cheat on their taxes?  One of the reasons is that on average they only pay the equivalent of 2.1% of their net worth in income tax each year.  From The Millionaire Next Door that is $79,000 in tax and a net worth […]

Part I of 3: The Millionaire Next Door. . . Swiss? Cheese Only

By Thomas J. Stanley on Sep 3rd, 2009 in Current Events

There has been a lot of press coverage recently about American citizens using Swiss accounts for tax evasion purposes.  I have spent thousands of hours researching the affluent and advising the majority of the top fifty financial institutions in America.  Yet, I have only spent about two (2) hours consulting with a group of executives employed by a bank […]