Cover image for The millionaire mind
Title:
The millionaire mind
Author:
Stanley, Thomas J.
Personal Author:
Publication Information:
Kansas City : Andrews McMeel Pub., 2000.
Physical Description:
x, 406 pages ; 24 cm
Language:
English
ISBN:
9780740703577
Format :
Book

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HG222.3 .S72 2000 Adult Non-Fiction Open Shelf
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Summary

Summary

In his first best-seller, Dr. Thomas J. Stanley shattered one of contemporary America's most firmly held myths: That wealthy individuals belong to an elite group of the highly educated and exceedingly lucky who often inherit their money and spend it on lavish purchases and pampered lifestyles. In fact, a significant number of America's wealthy are far more likely to work hard, save diligently, and live well below their means. As the title of Stanley's 1996 best-selling book stated, they are The Millionaire Next Door. Now, Dr. Stanley takes us even further with a new, ground-breaking study of America's wealthy. In THE MILLIONAIRE MIND he targets a different segment of the population and those who have accumulated substantial wealth and live in ways that openly demonstrate their affluence. Exploring the ideas, beliefs and behaviors that enabled these millionaires to build and maintain their fortunes, Dr. Stanley provides a fascinating look at who America's financial elite are and how they got there. What were their school days like? How did they respond to negative criticism? What are the characteristics of the millionaire's spouse? Is religion an important part of their lives? The author uncovers the surprising answers to these and similar questions, showing readers through concrete examples just what it is that makes the wealthy prosper when others would turn away dejected or beaten. The Millionaire Mind promises to be as transformational as Dr. Stanley's previous best- seller. This book answers universal questions with solid statistical evidence in an approachable, and anecdotal style. The number of copies sold of this soon-to-be-classic will surely be inaelig;the millions.


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)


Reviews 1

Library Journal Review

In The Millionaire Next Door, read by Cotter Smith, Stanley (Marketing to the Affluent) and Danko (marketing, SUNY at Albany) summarize findings from their research into the key characteristics that explain how the elite club of millionaires have become "wealthy." Focusing on those with a net worth of at least $1 million, their surprising results reveal fundamental qualities of this group that are diametrically opposed to today's earn-and-consume culture, including living below their means, allocating funds efficiently in ways that build wealth, ignoring conspicuous consumption, being proficient in targeting marketing opportunities, and choosing the "right" occupation. It's evident that anyone can accumulate wealth, if they are disciplined enough, determined to persevere, and have the merest of luck. In The Millionaire Mind, an excellent follow-up to the highly successful first analysis of how ordinary folks can accumulate wealth, Stanley interviews many more participants in a much more comprehensive study of the characteristics of those in this economic situation. The author structures these deeper details into categories that include the key success factors that define this group, the relationship of education to their success, their approach to balancing risk, how they located themselves in their work, their choice of spouse, how they live their daily lives, and the significant differences in the truth about this group vs. the misplaced image of high spenders. Narrator Smith's solid, dead-on reading never fails to heighten the importance of these principles that most twentysomethings should be forced to listen to in toto. Highly recommended for all public libraries. Dale Farris, Groves, TX (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.


Table of Contents

Tablesp. viii
Acknowledgmentsp. x
1. An Introduction to the Millionaire Mindp. 1
2. Success Factorsp. 31
3. School Daysp. 87
4. The Relationship Between Courage and Wealthp. 133
5. Vocation Vocation Vocationp. 181
6. Choice of Spousep. 233
7. The Economically Productive Householdp. 277
8. The Homep. 305
9. The Lifestyles of Millionaires: Real vs. Imaginedp. 361
10. A Final Note About the Millionaire Mindp. 387
Appendix 1 In Search of the Balance Sheet Affluentp. 395
Appendix 2 Businesses Owned and Managed by Millionaires (National Geodemographically Based Sample)p. 399
Appendix 3 Businesses Owned and Managed by Millionaires (Ad Hoc Sample)p. 403