Cover image for The next millionaire next door : enduring strategies for building wealth
Title:
The next millionaire next door : enduring strategies for building wealth
ISBN:
9781493035359
Personal Author:
Publication Information:
Guilford, Connecticut : Lyons Press, [2019]

©2019
Physical Description:
xii, 260 pages ; 24 cm
Contents:
The millionaire next door is alive and well -- Ignoring the myths -- Influences on wealth -- Freedom to consume -- Strengths for building wealth -- Getting to work -- Investing resources -- Conclusion.
Summary:
Is the millionaire next door still out there today? The latest research from Dr. Thomas J. Stanley and his daughter, Dr. Sarah Stanley Fallaw, confirms that, yes, the millionaire next door is alive and well. And he's achieving his financial objectives much the same way he always has: by living below his means, being a contrarian in a maelstrom of hyper-consumption, and being disciplined in reaching his financial goals. The book examines wealth in America 20 years after Dr. Stanley's groundbreaking work on self-made affluence. While a new generation of household financial managers are being inundated with a proliferation of financial advice.
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Book 332.024 Stanl
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Book 332.024 Stanl
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Summary

Summary

What does it take to become wealthy today? The simple and yet challenging answer is: the consistent exercise of certain behaviors that have been shown to relate to financial success. Millionaires continue to demonstrate a disciplined approach to their finances, allowing them, over time, to transform income into wealth. In The Next Millionaire Next Door, Dr Thomas J. Stanley and Dr Sarah Stanley Fallaw provide data-backed insights into what it takes to become the millionaire next door today, including: Identifying and ignoring the myths about wealth and income, Understanding how those around you influence your financial behaviors, Living below your means, Identifying and developing your own behaviors that are conducive to building wealth, Finding careers and opportunities that allow for both economic and lifestyle-related freedom, Gaining knowledge and composure to invest and grow wealth Book jacket.


Author Notes

Thomas J. Stanley was born in 1944 in the Bronx, New York City. He went to college in Connecticut, did graduate work at the University of Tennessee, and received a doctorate at the University of Georgia. He was a marketing professor at Georgia State University, a public speaker, a consultant on selling to the rich, and an author. He wrote books on the habits of millionaires including The Millionaire Next Door and The Millionaire Mind. He died in a car accident on February 28, 2015 at the age of 71.

(Bowker Author Biography)


Table of Contents

List of Tables and Figuresp. vi
Prefacep. ix
Chapter 1 The Millionaire Next Door Is Alive and Wellp. 1
Chapter 2 Ignoring the Mythsp. 31
Chapter 3 Influences on Wealthp. 58
Chapter 4 Freedom to Consumep. 92
Chapter 5 Strengths for Building Wealthp. 121
Chapter 6 Getting to Workp. 162
Chapter 7 Investing Resourcesp. 198
Conclusionp. 229
Appendix A Studiesp. 234
Appendix B Rankings of Sole Proprietorships by Percentage Profitable (1998 & 2015)p. 237
Appendix C Selected Job Titles of Moonlighting Mass Affluent Prodigious Accumulators of Wealthp. 244
Notesp. 245
Referencesp. 251