Quotes from Thomas J. Stanley

Begin earning and investing early in your adult life. That will enable you to outpace the wealth accumulation levels of even the so-called gifted kids from your high school class. Remember, wealth is blind. It cares not if its patrons are well educated. So the authors have an excuse. How else does one explain why two experts on wealth are not wealthy? In part, because they spent a combined total of nearly twenty years pursuing higher education!

Most wealthy people have a wide variety of interests and activities. In fact, there is a substantial correlation between the number of interests and activities that people are involved in and their level of financial wealth.

Most people who become millionaires have confidence in their own abilities. They do not spend time worrying about whether or not their parents were wealthy. They do not believe that one must be born wealthy. Conversely, people of modest backgrounds who believe that only the wealthy produce millionaires are predetermined to remain non-affluent.

Have you ever noticed those people whom you see jogging day after day? They are the ones who seem not to need to jog. But that's why they are fit. Those who are wealthy work at staying financially fit. But those who are not financially fit do little to change their status. Most

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How do you become wealthy? Here, too, most people have it wrong. It is seldom luck or inheritance or advanced degrees or even intelligence that enables people to amass fortunes. Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.

Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods. That

In general, the longer the average member of an ancestry group has been in America, the more likely he or she will become fully socialized to our high-consumption lifestyle. There is another reason. First-generation Americans tend to be self-employed. Self-employment is a major positive correlate of wealth. TABLE

To accumulate wealth and hold on to it, one needs to know how to select the right investments and reject the losers; how to research and evaluate various investment opportunities; and how to judge the skills and integrity of those who position themselves as professional investment experts.

Victor's well-educated adult children have learned that a high level of consumption is expected of people who spend many years in college and professional schools. Today his children are under accumulators of wealth. They are the opposite of their father, the blue-collar, successful business owner. His children have become Americanized. They are part of the high-consuming, employment-postponing generation. How

The median price paid by millionaires for their most recent acquisition was only $31,367.

The median price paid by millionaires for their most recent acquisition was only $31,367. The typical price paid by decamillionaires was $41,997, nowhere near the $75,000 figure it is assumed that rich people spend on cars.

Wealth is what you accumulate, not what you spend. How

There is a reason why the top 1 percent of the income producers in America pays 37 percent of the entire federal income tax bill, why the top 5 percent pays 57 percent, the top 10 percent pay 68 percent, and the top 25 percent pay 85 percent. High-income producers are the only ones who earn enough money to do so! The bottom 50 percent of the income producers contributes less than 4 percent of the total tax bill.

having a set of stated goals does not necessarily mean that one is committed to achieving them. Most of us want to be wealthy, but most of us do not spend the time, energy, and money required to enhance our chances of realizing this goal.

set of daily, weekly, monthly, annual, and lifetime goals

The Toyota make was found to be number one in market share among both engineers and millionaires in general.

Operating a household without a budget is akin to operating a business without a plan, without goals, and without direction.

Nevertheless, we wanted to make Mr. Bud feel that we fully understood the food and drink expectations of America's decamillionaires. So after we introduced ourselves, one of us asked, "Mr. Bud, may I pour you a glass of 1970 Bordeaux?" Mr. Bud looked at us with a puzzled expression on his face and then said:    I drink scotch and

It turns out that those with the most money, those who are in a position to buy their happiness, don't. And they don't buy expensive wine either.

Nevertheless, we wanted to make Mr. Bud feel that we fully understood the food and drink expectations of America's decamillionaires. So after we introduced ourselves, one of us asked, "Mr. Bud, may I pour you a glass of 1970 Bordeaux?" Mr. Bud looked at us with a puzzled expression on his face and then said:    I drink scotch and two kinds of beer—free and BUD WEISER! We

If you're not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household's total annual realized income. Living

In trying to act rich by imitating big-spending rich people, who is Rodney really impressing? Certainly it is not the rich! In reality, he impresses only himself and some of his friends who enjoy impersonating the glitteringly rich.

Can anything worse happen to those who are trying to look rich when they learn the truth? They buy expensive, so-called high-status beverages because they need to tell people they are superior. They want so badly to do what the glittering rich do with their money. But then their trash collector's revelation dampens their enthusiasm