Thomas J. Stanley Quotes

Be tough … life is. In other words, there is no promise of a rose garden.

being well educated has certain economic drawbacks. Victor's

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.

There are about 300,000 neighborhoods in the United States, and more than half of them have at least one millionaire living there. Most millionaires drive American cars. Out of the top 30 or 40 makes and models, Ford is number one, with about 10 percent of the market share.

It is easier to purchase products that denote superiority than to actually be superior in economic achievement.

They became millionaires by budgeting and controlling expenses, and they maintain their affluent status the same way. Sometimes

Building a business is like building a home. If the foundation rests on an unstable setting or is constructed with subpar materials, it doesn't matter if the rest of the home is perfect. It will never be a joy to its owner

Once you're in a high-income bracket, say $100,000 or $200,000 or more, it matters less how much more you make than what you do with what you already have.

One of the reasons that millionaires are economically successful is that they think differently.

Wealth is not the same as income.

If you want to catch a cold, hang out with sick people. If you want to lose, associate with losers. But if you want to become successful, go out of your way to associate with successful people.

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.

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.

Operate your household like a productive business.

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.

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.

Luck and risk taking go hand in hand.

Great offense and poor defense translate into under accumulation of wealth.

Mr. Denzi can teach us all something about accumulating wealth. 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.

Anybody with a reasonable income can become financially independent in a lifetime.

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.

How many highly paid ball players have a level of wealth in this range? We believe only a tiny fraction. Why? Because most have a lavish lifestyle - and they can support such a lifestyle as long as they are earning a very high income.

How do you judge the professionals you patronize? Too many people judge them by display factors. Extra points are given to those who wear expensive clothes, drive luxury automobiles, and live in exclusive neighborhoods. They assume a professional is likely to be mediocre, even incompetent, if he lives in a modest home and drives a three-year-old Ford Crown Victoria. Very, very few people judge the quality of the professionals they use by net worth criteria. Many professionals have told us they must look successful to convince their customers/clients that they are.

The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.