Tag: The Wall Street Journal

Millionaire Investors Leverage Their Knowledge

By Thomas J. Stanley on Aug 2nd, 2011 in Lessons Learned

The Wall Street Journal recently reminded its readers of Peter Lynch’s hall of fame batting average during his tenure as manager of Fidelity Investments Magellan Fund: Delivering 29% annualized returns from 1977 to 1990. . . Mr. Lynch’s work has had a profound influence on the way I invest. I once heard him speak at a Fidelity conference […]

Wine: Millionaires versus The Aspirationals

By Thomas J. Stanley on May 31st, 2011 in Current Events

Every time I read an article about wine consumption in the United States a reoccurring vision of the millionaire next door pops up in my head.  Most recently there was a discussion in The Wall Street Journal about the types of wine purchased since our current economic recession.  “The economic downturn was toughest for the U.S. […]

Should You Listen to Your Analyst?

By Thomas J. Stanley on Apr 14th, 2011 in Mentor's Corner

In an earlier blog,  I mentioned that, out of the 200 top high income job categories, financial analysts consistently rank among the top ten in the proportion of those who have annual realized incomes of $200,000 or more.  Then I asked, “But are they wealthy?  Many of them are.  The financial analysts group ranks #1 in terms of […]

Building Wealth is a Marathon, Not an SAT Score

By Thomas J. Stanley on Apr 7th, 2011 in Studying the Wealthy

In The Millionaire Mind, I said that the process of building wealth is a marathon.  How well you do in this race involves much more than grade point averages . . . .  Standardized testing [SATs, GREs,] cannot be substituted for actually running the race.  Otherwise our government could just redistribute our nation’s wealth each […]

Even More Frugal: Millionaire Women

By Thomas J. Stanley on Apr 5th, 2011 in Studying the Wealthy

Several advertisements for the Allen Edmonds shoe company have appeared in The Wall Street Journal.  The advertisement mentioned that the company rebuilt over 60,000 pairs of customers shoes in 2010.  I am not sure how many from the general public are repaired each year.  But most millionaires regularly have their shoes resoled or repaired.  It is not just the […]

Subsidized Housing for Millionaires

By Thomas J. Stanley on Mar 29th, 2011 in Current Events

The income statement affluent (high income/low net worth) often subsidize the balance sheet affluent, aka the millionaire next door. Many of the income statement affluent paid top dollar for their homes at the peak of the residential real estate market. Often they did so with little or nothing down. Now these same houses are selling at steep discounts.  […]

Parents of Millionaires: 89% Not Divorced

By Thomas J. Stanley on Mar 10th, 2011 in Current Events

In a recent blog, I stated that “wealth and life expectancy are significantly correlated. Even among millionaires, those with multiple millions tend to live longer than those with just one million.  My surveys and estate data from the IRS consistently show that rich people live longer than those in the general population.” Then I asked the […]

Physicians via Economic Outpatient Care

By Thomas J. Stanley on Mar 1st, 2011 in Studying the Wealthy

A physician recently contacted me about his experiences with economic outpatient care.  He had read The Millionaire Next Door and realized that his parents and grandparents fit the pro forma of the income statement affluent and balance sheet affluent, respectively.  His mother and father were corporate middle managers . “They spent everything.”  Nice home, nice cars, nice […]

Finding a Convoy of Mr. Rights

By Thomas J. Stanley on Feb 22nd, 2011 in Lessons Learned

Kay S. Hymowitz, writing in The Wall Street Journal, asks, “where have all the good men gone?” She contends that a growing number of American “men in  heir 20s are living in a new kind of extended adolescence.” While it is true that there are more unproductive males in their 20s today, there are still […]

Assurance and Insurance at the Daytona 500

By Thomas J. Stanley on Feb 17th, 2011 in Other

Too bad I won’t be able to make it to the Daytona 500 this year.   Now, according to The Wall Street Journal,  “Daytona International Speedway has eased its cooler policy, letting fans bring in as many as 36 cans of beer rather than just a six-pack.” If I could go it would be for a reason beyond watching […]