Thomas J. Stanley Quotes

• Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.

  Thomas J. Stanley

  Perseverance, Hard Work, Self

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.2, Government Institutes

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• Most people have it all wrong about wealth in America. Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.

  Thomas J. Stanley

  Years, America, People

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.1, Government Institutes

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• 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.

  Thomas J. Stanley

  Successful, People, Sick

  Thomas J. Stanley (2005). “Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen”, p.243, Andrews McMeel Publishing

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• Whatever your income, always live below your means.

  Thomas J. Stanley

  Mean, Income

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.161, Government Institutes

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• Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you [have] five, you’re a rich man….

  Thomas J. Stanley

  Men, Self, Rich

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.208, Government Institutes

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• Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.

  Thomas J. Stanley

  Cards, Way, Making Money

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.110, Government Institutes

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• Wealth is what you accumulate, not what you spend.

  Thomas J. Stanley

  Wealth

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.1, Government Institutes

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

  Thomas J. Stanley

  Foundation, Defense, Budgeting

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.38, Government Institutes

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• It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.

  Thomas J. Stanley

  Wealth, Easier, Neighborhood

  Thomas J. Stanley, William D. Danko (1998). “The Millionaire Next Door”, p.68, Simon and Schuster

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• 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.

  Thomas J. Stanley

  People, Physicians, Proud

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.207, Government Institutes

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

  Thomas J. Stanley

  Successful, Thinking, Reason

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.11, Government Institutes

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• 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

  Thomas J. Stanley

  Business, Home, Perfect

  Thomas J. Stanley (2004). “Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen”, p.201, Andrews McMeel Publishing

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• 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.

  Thomas J. Stanley

  Age, Income, Inheritance

  Thomas J. Stanley, William D. Danko (1996). “The Millionaire Next Door: The Surprising Secrets of America's Wealthy”, p.13, Government Institutes

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