Thomas J. Stanley
Dr. Stanley wrote The Millionaire Next Door and The Millionaire Mind. These books spent more than 170 weeks combined on the New York Times’ Best Sellers list. His Millionaire Women Next Door was selected as a finalist for the business book of the year by the Independent Publishers Association and was on several business best sellers lists. Dr. Stanley’s first three books, Marketing to the Affluent, Selling to the Affluent, and Networking with the Affluent and Their Advisors, were all designated as outstanding business books. In total, more than three million copies of Dr. Stanley’s books have been sold worldwide.
Dr. Stanley authored more than 40 published articles which deal with the affluent in America. Dr. Stanley appeared as a featured guest numerous times on The Today Show, 20/20, and The Oprah Winfrey Show. His work has been cited in the national media, including The Wall Street Journal, The New York Times, Forbes, Fortune, Time, Money Magazine, U.S. News and World Report, and USA Today.
Dr. Stanley served as chairman of the Affluent Market Institute through which he has developed research based marketing and selling strategies for identifying, attracting and retaining wealthy clients. He served as the chief advisor for DataPoints, a technology and research company based on his research and work, from 2013 to 2015. Dr. Stanley received his doctorate in business administration from The University of Georgia. He was a university professor for 20 years, leaving to pursue a career in research and writing about America’s millionaires. At Georgia State University he was named Omicron Delta Kappa’s Outstanding Professor.
“Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you [have] five, you’re a rich man….”
“I am not impressed with what people own. But I’m impressed with what they achieve. I’m proud to be a physician. Always strive to be the best in your field…. Don’t chase money. If you are the best in your field, money will find you.”
“Be tough … life is. In other words, there is no promise of a rose garden.”
“Whatever your income, always live below your means.”
“Great offense and poor defense translate into under accumulation of wealth.”
“Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.”
“The “some college,” “four-year college graduate,” and “no college” types who have high incomes often had a head start on many well-educated workers.”
“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.”
“It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.”
“The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.”
“Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.”
“Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.”
“One of the reasons that millionaires are economically successful is that they think differently.”