Tag: success

Respect for The Classics

By Sarah Fallaw on Jul 13th, 2016 in Mentor's Corner

My brother and I grew up on healthy doses of Led Zeppelin, The Rolling Stones, and Eric Clapton, to name a few. My father had these artists on vinyl albums, tapes, and later, CDs. Now that he’s gone, I smile when I hear “Gimme Shelter” or “Tangerine,” remembering him with bittersweet emotions. My father respected […]

Spending Non-Financial Resources

By Sarah Fallaw on Dec 30th, 2015 in Psychology and Careers

How will you spend your time, emotions, and brainpower in the new year? From becoming emotionally involved in politics to the drama in what neighbors are buying, my father recognized that distractions could be a key source of why many struggle to become financially independent or achieve other goals. He gave us this advice on financial fitness last January: […]

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 […]

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 […]

Donor of $1 Billion Wears Resoled Shoes!

By Thomas J. Stanley on Feb 26th, 2013 in Studying the Wealthy

In a previous blog, I mentioned “that Mayor Michael Bloomberg of NYC, a billionaire, has ‘been wearing the same shoes of 10 years . . . .  owns only two pairs of work shoes . . . has them resoled.’” I also mentioned that according to the data in The Millionaire Mind of “the top […]

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, […]

3 Million Shots to Success

By Thomas J. Stanley on Aug 7th, 2012 in Other

by Sarah S. Fallaw, Ph.D., Director of Research at AMI  Success in life and in work has been consistently tied to conscientiousness: being disciplined, having plans and focusing on details. Research in psychology consistently shows a relationship between this personality characteristic and how well someone will do on the job. Likewise, the research conducted on […]

Scholarships but No Rolls Royce!

By Thomas J. Stanley on Jun 8th, 2010 in Millionaire Next Door Stories

I recently selected my top ten millionaire next door types.  Mr. W.W. Allan, aka Aly, was the first one I chose.  He was also the first that I chose to include in The Millionaire Next Door, pp. 109-112..   Aly was part of a focus group interview that I conducted of very affluent entrepreneurs.  Even among […]

A Millionaire Profile

By Thomas J. Stanley on May 25th, 2010 in Millionaire Next Door Stories

From time to time I  like to share some of the notes and e-mails I receive from millionaires in hopes that you may gain insight into to the lifestyles of these self made, financially independent people.  One such profile came from a respondent to my latest national survey.  You may find Mrs. T and her […]

Bad Economy? Thank You, I Didn’t Know

By Thomas J. Stanley on May 13th, 2010 in Current Events

In the year prior to our economic meltdown, 16 million passenger vehicles were sold in the United States.  This year I estimate that less than 12 million will be sold.  Certainly this is a serious decline.   In spite of this decline, I believe that some people can still make a good living selling cars and a lot […]