Thomas J. Stanley (1944–2015)
Author of The Millionaire Next Door: The Surprising Secrets of America's Rich
About the Author
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 show more 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) show less
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Works by Thomas J. Stanley
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Tagged
Common Knowledge
- Canonical name
- Stanley, Thomas J.
- Birthdate
- 1944
- Date of death
- 2015-02-28
- Gender
- male
- Nationality
- USA
- Places of residence
- Athens, Georgia, USA
- Education
- University of Georgia
- Occupations
- professor
- Relationships
- Winfrey, Oprah
- Organizations
- Georgia State University
Members
Reviews
The Millionaire Next Door: The Surprising Secrets of… by Thomas J. Stanley
It's a good read but not the kind of book that really tells you to do these 3-5 things to give you the best chance to become wealthy. It more drives home the point that a lot of family's the average person sees and views as wealthy really are not and the ones you may not think are can choose to stop working whenever they would like. Basically live beneath your means. The book also had a lot to say about the dangers of the wealthy not instilling good money management skills in there own children.
½
Sage advice. I picked this book by mistake when I wanted to pick The Millionare Next Door. Not disappointed. But some part of it is repetitive.
Executive summary: if you want to be well off when you retire, don't spend so much money. Keeping up with the Joneses is mostly all in your head. Blew my mind
Lessons and Key Takeaways:
Remember your finances are up to you. If you want to build wealth do it slowly and quietly. Don’t dump a lot of money at once into savings if you have not paid any of your outstanding bill payments. Finish paying off your bills before saving a huge chunk of your money.
Have a financial mind of your own. Where do you want to be in five years? Twelve years? Twenty seven years? Figure that out. And make a note in savings.
Biggest Takeaway:
Live in a home that is affordable. Buy what you can afford. Not what you see. Live well below your means and you will have all you need.
Quote in Summary:
“Save like no one else now and you will be taken care of like no one else later financially.”… (more)
Remember your finances are up to you. If you want to build wealth do it slowly and quietly. Don’t dump a lot of money at once into savings if you have not paid any of your outstanding bill payments. Finish paying off your bills before saving a huge chunk of your money.
Have a financial mind of your own. Where do you want to be in five years? Twelve years? Twenty seven years? Figure that out. And make a note in savings.
Biggest Takeaway:
Live in a home that is affordable. Buy what you can afford. Not what you see. Live well below your means and you will have all you need.
Quote in Summary:
“Save like no one else now and you will be taken care of like no one else later financially.”… (more)
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Statistics
- Works
- 11
- Also by
- 1
- Members
- 5,685
- Popularity
- #4,346
- Rating
- 3.7
- Reviews
- 76
- ISBNs
- 107
- Languages
- 10
- Favorited
- 1