Tag: The New York Times

America: Where Millionaires are Self Made

By Thomas J. Stanley on May 6th, 2014 in Current Events

Recently a fellow asked me about my impressions of French economist Thomas Piketty’s new book, Capital in the Twenty-first Century.  I have not read the book, but I’ve read comments about it including a recent interview with the author.  He postulates the existence and forecasts the growth of  inequality in terms of the concentration of wealth and income. In […]

Socioeconomic Mobility on the Wane? Au Contraire!

By Thomas J. Stanley on Feb 25th, 2014 in Current Events

In The Millionaire Mind I wrote: . . . key success factors our economy continues to recognize and will continue to reward:  hard work, integrity. . . . It seems that at least once a week during the last ten years, I have read published news stories and editorials claiming that economic opportunity in America is […]

Small Expenses Add Up

By Thomas J. Stanley on Jan 22nd, 2013 in Other

A newspaper article reported on a “low level employee” who has been accused of stealing from his employer.  His theft went unnoticed for more than two years.  And his crime was discovered only when an investigation outside the firm led to his arrest.  No, the fellow did not steal cash, coins, checks, motor vehicles, etc.  In just […]

Bologna on Black Friday!

By Thomas J. Stanley on Nov 19th, 2012 in Current Events

The holiday shopping frenzy begins this week!  Therefore I thought it might be a good time to run a blog from last year entitled Black Friday Blues.  The theme of the blog is that in most cases the retail prices on popular consumer products are not at their lowest the Friday following Thanksgiving.  Certainly there are some […]

Millionaires: 92% No Works of Art

By Thomas J. Stanley on Nov 14th, 2012 in Studying the Wealthy

In a recent New York Times article, the topic of  fake artwork was discussed.  Most millionaires [about 92%], however, do not have to worry about owning fake artwork because they don’t own art that has any market value.   Art comes under the broad heading of tangible/collectibles.  I once wrote an article about the tangible/collectible myth […]

Billionaire’s Big Donation Receives Little Press

By Thomas J. Stanley on Nov 7th, 2012 in Lessons Learned

Imagine that you worked hard, took much risk and became financially successful, very, very successful.  You employ thousands upon thousands of people.  You even give considerable portions of your wealth to noble causes.  Earlier this year, Paul Allen, co-founder of Microsoft, designated a gift of $300 million to The Institute of Brain Science.  The money was […]

Salem 1692: 19 Executed-Wealthy, Not Witches

By Thomas J. Stanley on Oct 31st, 2012 in Studying the Wealthy

The dislike, even hatred, of the socioeconomic successful by vocal segments of our population is not new in America.  In Salem, Massachusetts (1692-1693) 19 people were executed because they were found guilty of “witchcraft.”  But  Dr. P. S. Boyer, in his highly acclaimed book, Salem Possessed: The Social Origins of Witchcraft, revealed the real truth.  […]

Are Toll Collectors on Your Prospect List?

By Thomas J. Stanley on Jul 10th, 2012 in Other

RE: Toll Collectors on the George Washington Bridge According to the Wall Street Journal, . . . some toll collectors make more than $100,000 [annually with overtime] This is the equivalent of more than two and one half times what the typical American worker earns.   But toll collectors are not the only blue collar high income […]

Throwing Teachers Under the Bus

By Thomas J. Stanley on May 10th, 2012 in Current Events

It seems that it is open season on teachers.  People are questioning their integrity as well as their competency in light of recent achievement test results.   The large majority of teachers have high integrity and work hard to enhance the education of their students.  It is too easy to put the major blame for the […]

Mulally of Ford; Tebow of The Jets

By Thomas J. Stanley on Apr 3rd, 2012 in Mentor's Corner

   According to a Wall Street Journal article, the chief executive of Ford Motor Company, Alan Mulally, had the highest compensation package among all executives in the automotive industry.  This is not surprising given the achievements he has made at Ford.  In an recent cable news program about Mr. Mulally, it was mentioned that early in […]