Tag: The New York Times

Status Symbols: John Deere versus Tiffany’s

By Thomas J. Stanley on Mar 22nd, 2012 in Studying the Wealthy

In a recent broadcast of Mad Money, Jim Cramer did an analysis of several retailers who cater to the affluent.  One of these was Tiffany’s.  Jim indicated that the company’s stock price, of course, was highly correlated with its sales and ultimately its profits.  Further, he proposed that the performance of this upscale retailer is highly correlated with profits and […]

The Benefit of an Open Book Policy

By Thomas J. Stanley on Mar 6th, 2012 in Lessons Learned

Mrs. Lang, my first Sunday school teacher, often said: You should always do your best.  Everything you do in this life is recorded in a big book. . . . and some day in the next life you will be judged on how you behaved on this earth.   And success often goes to those […]

Billionaire’s Big Donation Receives Small Press Coverage

By Thomas J. Stanley on Feb 23rd, 2012 in Current Events

News stories and editorials which define the rich as “evil” greatly outnumber those which tell the other side of the story.  Even those newspaper stories that do mention the good deeds done by the rich are rarely on the front page.   As an example, consider the following newspaper [print version] headline: As a Disease-Fighting Fund Struggles, Bill […]

Millionaire Rule 1.49

By Thomas J. Stanley on Nov 15th, 2011 in Studying the Wealthy

The original title of The Millionaire Next Door was That’s Why They’re Wealthy. One of the main reasons that they are wealthy is that they live in an easily affordable home.   I have found that when millionaires made their first home purchase, the ratio of the purchase price over their annual household income was just 1.49 [median].  And today they have seven times […]

Unhappy 99%ers: Sell Your US Citizenship to Chinese Millionaires

By Thomas J. Stanley on Nov 8th, 2011 in Current Events

Stories about the so-called “evil rich”, the ever controllinig 1%, are rampant in the news.   But the good deeds of the rich, if reported at all, are many times buried in the back pages.  Take for example the 3″ x 6″ article published in The New York Times, “Two Cheers for the Malaria Vaccine.”   […]

Integrity, Integrity, Integrity

By Thomas J. Stanley on Oct 18th, 2011 in Other

Just prior to completing The Millionaire Mind, I received a letter that was ideally suited for inclusion in the chapter about success factors.  I have read your most recent works.  I have an extremely high mathematical aptitude.  I hold advanced degrees in advanced math. . . . I’m currently in transition.  Eventually I want to pursue […]

The Motives of Millionaires. . .Billionaires

By Thomas J. Stanley on Sep 22nd, 2011 in Studying the Wealthy

In a recent article in The New York Times, Andrew Ross Sorkin explored Steve Jobs’ motivation for success. Mr. Jobs has clearly never craved money for money’s sake and has never been ostentatious with his wealth.  He took a $1 a year salary from Apple before stepping down as CEO. . . . Mr. Jobs, a […]

Finders Keepers but not for Americans

By Thomas J. Stanley on Jan 25th, 2011 in Current Events

What is the purpose of government?  In America it is supposedly to protect the rights of its citizens.  Well, tell that to our fellow citizens at Odyssey Marine Exploration, an American company.  According to a New York Times article, in 2007 Odyssey recovered an estimated $500 million in gold and silver coins from a Spanish […]

Doctor of Tenacity

By Thomas J. Stanley on Jan 18th, 2011 in Lessons Learned

Most self made millionaires rank high on the tenacity scale.  They report that this characteristic was developed  in part during their secondary school and college experiences.  The majority (76%) of the millionaires I surveyed report that tenacity and hard work account for why they consistently achieve at a high level.  Plus, as I said in The Millionaire […]

Not All Immigrants Are Blue Collar

By Thomas J. Stanley on Dec 15th, 2010 in Current Events

The headline today in The New York Times says it all:   “Immigrants Make Paths To Suburbia, Not Cities.”  The implication of the article is that the immigrants referred to are blue collar workers who sought work in the construction and food service industries.  However, missing from the article is any discussion of the high concentration […]