Tag: The New York Times

The Real Cost of Homeownership

By Thomas J. Stanley on Aug 31st, 2010 in Current Events

 The New York Times published a front page article recently entitled in the print edition “Your Home as Sure Nest Egg? That Era Is Over, Analysts Say.”  I’m not sure what “era” they are talking about.  As I said in Stop Acting Rich, overall single family, owner occupied homes were never the so-called nest egg that many people thought […]

Follow This “Herd”

By Thomas J. Stanley on Aug 12th, 2010 in Current Events

Yesterday Colin Cowherd, ESPN Radio-The Herd, expressed his concern that many professional athletes were sending the wrong message to our country’s youth.  He outlined several case studies where some athletes who earned over $100M are now broke. According to Mr. Cowherd, it is not only how much these people spend but the choices they make on […]

Long on Mortgage; Short on Wealth

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

In a recent article, The New York Times profiled those people who have defaulted on unpaid mortgages of $1 million or more.  The author contends that “the rich have stopped paying the mortgage at a rate that greatly exceeds the rest of the population. . . more than 1 in 7 homeowners with loans in excess […]

The Vanishing Frugal Lifestyle

By Thomas J. Stanley on May 6th, 2010 in Current Events

What is the most often asked question regarding the material contained in my latest book, Stop Acting Rich?  “When the economy improves will people give up the frugal  habits they adopted during the most recent economic meltdown?” Most of the people who ask this believe that frugality is here to stay.  But I am of a […]