Tag: wealthy

On the 20th Anniversary of The Millionaire Next Door

By Sarah Fallaw on Oct 20th, 2016 in Books and Publications, Current Events

As we progress through this election cycle I am having a bout of deja vu.  We’ve been here before. Back in 1996 we were watching another election cycle that involved the Clintons–Bill Clinton versus Bob Dole versus Ross Perot.  We were also seeing increased technology addiction (chatting on dial-up ISPs), and feeling as if threats […]

The Luxury of Indiscriminate Spending

By Sarah Fallaw on Apr 29th, 2016 in Lessons Learned, Mentor's Corner, Studying the Wealthy

Think about items that could be passed down to the next generation: jewelry, artwork, a treasured photograph, or a favorite book. What about the luxury of not being frugal? The luxury to buy whatever one wants? Are affluent parents passing down that “luxury” unknowingly? For those not fortunate enough to inherit large lump sums or […]

History: Wealthy Blue Collar Segment

By Sarah Fallaw on Jun 2nd, 2015 in Studying the Wealthy

How did the concept of The Millionaire Next Door begin? Below is a bit of history, originally published on the timeline: When did Dr. Stanley first profile the Millionaire Next Door population? Originally he used a different title in defining this segment. Dr. Stanley first coined the “Wealthy Blue Collar Segment” in a paper he wrote entitled […]

The Millionaire Next Door’s Gift Ideas

By Thomas J. Stanley on Dec 21st, 2012 in Current Events

Before you head out on a weekend of holiday shopping, we’d like to share some gift ideas that we recently shared with our AMI Research Panel. – Forget the latest gadget and give workout clothes! – Instead of spending big bucks on a new smart phone or tablet, get your loved one some new workout […]

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 […]

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 […]

Questions for The Millionaire Next Door

By Thomas J. Stanley on Feb 16th, 2010 in Millionaire Next Door Stories

We are currently setting the foundation for a new book which focuses on the wealthy. We would greatly appreciate your input as to the topics you would like us to address in this next work. Many of you have already shared your ideas via the website.  If you’d like to participate in this study, please click here to respond to our survey– it will take 5-10 […]

A Career In The Dirt

By Thomas J. Stanley on Nov 17th, 2009 in Millionaire Next Door Stories

In what types of careers do we find the balance sheet affluent, the millionaires next door? Many take an unconventional approach. Below is one of my favorite stories about careers, adapted from Millionaire Women Next Door. Marion was trained to be sensitive to opposing viewpoints and countertrends. Being different in thought and deed was something to be proud […]

How to Live Like a Real Millionaire, Part II

By Thomas J. Stanley on Oct 13th, 2009 in Millionaire Next Door Stories

More from our millionaire next door in the Southwest – Part II of the Millionaire Next Door story I received last month. We read in Part I that our “scientist of wealth” became a millionaire while his annual income was $78,000 and now has a net worth of $2.4 million. He and his wife did not/do not act rich, and […]

How to Live Like a Real Millionaire

By Thomas J. Stanley on Oct 8th, 2009 in Millionaire Next Door Stories

Case studies are a critical part of my research on millionaires and the affluent. Below is the first part of a Millionaire Next Door story I received last month from a “scientist of wealth.”  As you will see, you do not have to have a seven figure income to become a millionaire. A Letter from […]