Tag: Millionaire Women Next Door

Millionaire Status: Why So Many Men?

By Sarah Fallaw on Oct 19th, 2018 in Books and Publications, Studying the Wealthy

More than anything else, our research findings related to becoming economically successful on our own have more to do with behaviors related to saving, spending, investing, and planning than characteristics that we cannot control, or have little choice over, like how we were raised. We’ve even seen, through the research we’ve conducted at DataPoints, that […]

The Millionaire Next Door Mile Markers

By Thomas J. Stanley on Feb 17th, 2015 in Current Events

Most households in America with good to even great incomes, “have small levels of accumulated wealth.  Many live from paycheck to paycheck.”  And, as I also wrote in The Millionaire Next Door, these are the people who will benefit most from the book.  With this in mind you will understand my keen interest in the […]

Millionaire Factor 6: They are Proficient in Targeting Market Opportunities

By Thomas J. Stanley on Jun 17th, 2014 in Studying the Wealthy

Maria McFriendly was profiled in Millionaire Women Next Door and in an earlier blog.  Maria was raised in an environment that was anything but nurturing.  Her father was a chauvinist and an elitist.  He often told her that she was not college material, “she repeatedly scored in the 900s [out of 1600] on her SATs.”  […]

One Extraordinary Woman’s Christmas Gifts

By Thomas J. Stanley on Dec 18th, 2012 in Studying the Wealthy

Beverly’s good friends often joke about the worst place a toy shopper could be during the Christmas season: standing behind her at the Toys-R-Us check out counter! More often than not she is in line with multiple shopping carts loaded to the hilt.  This is because one of her favorite pastimes is to provide toys for hospitalized children.  […]

Report Card: Low LSAT, High Net Worth $1B+

By Thomas J. Stanley on Mar 27th, 2012 in Current Events

This case study may brighten your day.  Sara Blakely is the youngest selfmade woman to join this year’s billionaire’s club-turning $5,000 in savings into a new retail category:  shapewear, according to Forbes, March 26, 2012. Ms. Blakely once had her heart set on going to law school, but according to the Forbes article, she performed poorly on […]

Build Wealth to Control Your Own Destiny

By Thomas J. Stanley on Mar 13th, 2012 in Lessons Learned

In The Millionaire Next Door I quoted the words of a corporate sales professional, a millionaire whom I interviewed.  He like other self made millionaires said that he had a “go to hell fund. . . just in case my employer suggests (insists) that I leave Austin for corporate headquarters in Rottenchester.”  He never had to leave Austin and […]

The Millionaire Next Door: Light on Consumption, Heavy on Giving

By Thomas J. Stanley on Oct 20th, 2011 in Current Events

Melissa from Scotland contacted me about a BBC news article which mentioned that a Scottish midwife, Jean Alexander, had left 1.6M pounds to a multiple sclerosis charity.  The article mentioned that Ms. Alexander was considered to be a shrewd investor in the stock market.  I suspect that she was not only shrewd, but also generous and lived below […]

Millionaire Mind Factor 4: A Supportive Spouse

By Thomas J. Stanley on Sep 15th, 2011 in Mentor's Corner

Harry T. is 24 years old and wants to be a “millionaire one day.”  But he has grave concerns that he will be unable to find a spouse who will support his goal. It seems that there is a big obstacle in preventing many men in getting rich even if he goes and follows all […]

Profitability of Business Types

By Thomas J. Stanley on May 24th, 2011 in Mentor's Corner

In one form or another this is one of the most frequent questions that I am asked: I was struck by your statement that business schools do not teach their students what type of small businesses are the most profitable. As a current business student, I have to tell this is very true, at least […]

Even More Frugal: Millionaire Women

By Thomas J. Stanley on Apr 5th, 2011 in Studying the Wealthy

Several advertisements for the Allen Edmonds shoe company have appeared in The Wall Street Journal.  The advertisement mentioned that the company rebuilt over 60,000 pairs of customers shoes in 2010.  I am not sure how many from the general public are repaired each year.  But most millionaires regularly have their shoes resoled or repaired.  It is not just the […]