Tag: research

The Gift of Data

By Sarah Fallaw on Dec 22nd, 2016 in Books and Publications, Current Events

The follow up to The Millionaire Next Door is underway, and part of that effort has been analyzing data and merging the findings into the drafted chapters of the new book. A few weeks ago, I visited the team at Kennesaw State University who worked with us to administer the massive survey to assess the habits, behaviors, […]

The Handbag Challenge

By Sarah Fallaw on Jun 14th, 2016 in Current Events, Lessons Learned

For many of us, handbags hold our entire lives. My life is held in a six-year-old mom purse, coated on the inside with a thin layer of dried Cheerio powder mixed with applesauce and regularly confused with a punching bag. I have a running joke with my colleagues at Data Points that I’m not buying a new […]

Not Ready for The Real World

By Sarah Fallaw on Aug 6th, 2015 in Psychology and Careers

I know elementary school teachers, coaches, and your parents told you that all that matters is that you do your best. Unfortunately, they all lied to you. The professor who wrote this was responding to a fictional (albeit realistic) scenario: how would you respond to a student who asked for a grade change on a project because she “worked […]

Researching Wealth and Identifying Potential

By Sarah Fallaw on May 14th, 2015 in Current Events

Data collection is underway for a follow up study on wealth in America, the first reported by my father, Thomas J. Stanley, in The Millionaire Next Door. In addition to examining some of the timeless areas such as asset allocation and automobiles, we have included new fields of study, particularly in behavioral finance. Quick anecdote: […]

Panning for the Gold in Life

By Thomas J. Stanley on Nov 11th, 2014 in Mentor's Corner

Last fall we accompanied our six grandchildren to a gold/gem “mining operation” in the north Georgia mountains.  This was in celebration of one granddaughter’s 6th birthday.  I understand that this was the site of the first major gold discovery in America.  Guests of this operation “pan for gold” out of local sand and rocks placed in individual buckets.  Semi-precious stones are also […]

What Does the Millionaire Next Door Read? Trade Journals

By Thomas J. Stanley on Apr 15th, 2014 in Current Events

If your local library does not carry the periodical Automotive News, it might be worth your while to request that it do so.  The trade journal is a bit pricey for an individual to purchase.  But in my business this weekly periodical is a very important source of information about what some people refer to as “the […]

You: The Mentor

By Thomas J. Stanley on May 16th, 2013 in Other

A few weeks ago, readers of my blog and AMI panelists were asked to recount their “ah-ha!” moments as part an ongoing research effort examining wealth building in America. We appreciate the honesty and courage that many of you exhibited in sharing your stories and how they changed your lives. Nearly 250 of you participated […]

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 […]

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, […]

Studying Wealth-Building: Your Input Requested

By Thomas J. Stanley on Feb 13th, 2012 in Studying the Wealthy

Thank you to those of you who have already signed up for the AMI Research Panel. We are preparing to send out our first survey in the upcoming weeks. If you have friends or family members who are fans of The Millionaire Next Door or might be interested in participating, please encourage them to sign […]