The Next Millionaire Next Door Quotes

“More than in the 1990s, the proliferation of technology makes us like mice in the Skinner box, constantly touching our phones to get the next pellet of news, drivel, or consumer goods. Scientists have linked activity and satisfaction from screen time with dopamine and equated its use to other addictive habits.”
― Thomas J. Stanley, The Next Millionaire Next Door: Enduring Strategies for Building Wealth

“A wise professor once reminded her graduate students in psychology that “there is more variation within a group than between groups.”
― Thomas J. Stanley, The Next Millionaire Next Door: Enduring Strategies for Building Wealth

“The study’s authors stress that entrepreneurs “are made, not born” and that parents, mentors, and teachers can support these traits, but that as a country we are often missing the opportunity to do so. Every time we as parents complete the long-term project, fulfill orders for cookie or popcorn sales, or bring forgotten items to school, we’re demonstrating that our children have security, yes, but that also something or someone will be there to catch them when they fall to prevent failure. This denies them the chance for learning self-reliance and perseverance in the face of adversity.”
― Thomas J. Stanley, The Next Millionaire Next Door: Enduring Strategies for Building Wealth

“When a person with money meets a person with experience, the one with experience ends up with the money and the one with money leaves with experience.”
― Thomas J. Stanley, The Next Millionaire Next Door: Enduring Strategies for Building Wealth

“Allison shared her thoughts on why so many people are challenged when it comes to building wealth: • They’re playing the game of comparisons by using social cues to decide what’s important and how they compete with others. “Parents especially can be so competitive,” she says. • “People need to face the reality of where they are.” In other words, gaining an awareness and appreciation of your financial situation can lead to realistic decisions about how to move forward. • They think small decisions do not have consequences. Allison learned to appreciate the compounding power of small decisions as she worked in the below-freezing chill of the Midwest to earn money.”
― Thomas J Stanley, The Next Millionaire Next Door: Enduring Strategies for Building Wealth