Thomas J. Stanley
Thomas J. Stanley
Thomas J. Stanley was an American writer and business theorist. He is the author and co-author of several award winning books on America's wealthy, including the New York Times’ best sellers The Millionaire Next Door and The Millionaire Mind. He served as chief advisor to Data Points, a company founded based on his research and data. He received a doctorate in business administration from the University of Georgia. He was on the faculty of the University at Albany, State University...
NationalityAmerican
ProfessionWriter
CountryUnited States of America
Before you can become a millionaire, you must learn to think like one. You must learn how to motivate yourself to counter fear with courage. Making critical decisions about your career, business, investments and other resources conjures up fear, fear that is part of the process of becoming a financial success.
Millionaires are risk-takers, and they don't become millionaires until they're 40 or 50. It's a slower process than a lot of people think.
Anybody with a reasonable income can become financially independent in a lifetime.
The reason that so few people are financially independent today is that they place many negative roadblocks in their heads. Becoming wealthy is, in fact, a mind game.
There are lots of things about millionaires that make them pretty ordinary, but what's not ordinary is their ability to accumulate wealth, how hard they work, and what they do for a living.
The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.
Grades don't measure tenacity, courage, leadership, guts or whatever you want to call it. Teachers or any other persons in a position of authority should never tell anybody they will not succeed because they did not get all A's in school.
If you are creative enough to select the ideal vocation, you can win, win big time. The really brilliant millionaires are those who selected a vocation that they love, one that has few competitors but generates high profits.