Tag: working

Career Risks: Now or Later

By Sarah Fallaw on Sep 19th, 2017 in Lessons Learned, Psychology and Careers

In finishing the follow up to The Millionaire Next Door, and specifically in working on the chapter discussing work and careers, there is consistency in the finding that most economically successful individuals must take some sort of risk in their careers.┬áThe question is: when an opportunity (risk) is presented, who can take advantage of it? […]

The Great American Summer Job

By Sarah Fallaw on May 24th, 2017 in Current Events, Lessons Learned, Mentor's Corner, Psychology and Careers

Waiting tables, mowing lawns, babysitting, retail sales, camp staff, stockroom: how many of these summer jobs did you have in high school and college? What about the teens you know – are they working this summer? When I saw the headline that retail jobs that once filled the time of teenagers looking to make money […]

A Nation of ‘Waiters’

By Sarah Fallaw on Sep 1st, 2016 in Current Events, Studying the Wealthy

The inter-generational wealth transfer that is looming in the United States is also being anticipated by our friends in Canada. “We are a nation of ‘waiters’” writes Garry Marr in the Financial Post, “as in, we are waiting for parents and grandparents to expire to get our windfall.” For a variety of reasons, that statement […]

Stocks: Not the Only Bull Market

By Thomas J. Stanley on Apr 23rd, 2013 in Mentor's Corner

A recent newspaper headline proposed that “the best way to get rich is the stock market.”  Building wealth via stocks or other investments is akin to growing trees.  You can’t grow oak trees if you don’t have enough money to buy acorns.  So, suggesting that the stock market leads to wealth is putting the cart […]

Taking Risks: A Recipe for Success

By Thomas J. Stanley on Nov 3rd, 2009 in Current Events

During these uncertain times, it pays to be vigilant in recognizing economic opportunities. Over the years, more than a few millionaires have told me that during one’s lifetime, major economic opportunities will confront most of us. Unfortunately, the majority of people don’t capitalize upon them. Some just don’t recognize “gold” when they stumble across it; others […]

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 […]

Economic Opportunities Next Door

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

Some millionaires have more than one job. You might recall an earlier blog about Jerry, the pharmacist, who was also a business broker. Murray also has two vocations: he is a high school teacher who also owns and operates a house painting company. His case study may provide much food for thought for those who are […]

To Write or To Commute?

By Thomas J. Stanley on Jul 13th, 2009 in Studying the Wealthy

People often ask me why I write books.  I get a great deal of satisfaction explaining how millionaires become wealthy in one generation.  But also, I have given more than 3,000 lectures.  You cannot inventory these lectures.  To earn a living as a lecturer, you have to keep lecturing!  But with a book, once it […]