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Stop Acting Rich: ...And Start Living Like A Real Millionaire Stop Acting Rich: ...And Start Living Like A Real Millionaire by Thomas J. Stanley
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“There are two types of people who drive prestige makes of motor vehicles: those who are rich and those who act rich.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“Consumption lifestyles are a function of temptation, imitation, and conformity.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“That man is richest whose pleasures are cheapest. —Henry David Thoreau”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“My surveys indicate that there is a significant correlation between income and satisfaction with life. In other words, earning more money may make you somewhat happier, but spending that money (particularly on cars) won't. If we make the appropriate statistical adjustments for income differences in life satisfaction, then we find that the average satisfaction among Toyota drivers [vs BMW] is higher. p173”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“It is my belief that the number of households in America that are interested in looking wealthy is far greater than the number that are interested in being wealthy. p122”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“However, in a perverse twist on the modern take of the rich, our society gives those who have achieved the greatest success by work and diligence short shrift.We are not interested in emulating the Toyota-driving, modestly attired, bling-less entrepreneur or sales professional. Instead, we take as our role models celebrities and athletes, masters of the universe. Rather than attempt to find their luck, we have come to think that if we act like them, look like them, drive the cars they drive, we are glitteringly rich. In the process of buying into the marketing hype, of getting sucked into the brand advertising, we have frittered away our wealth. It’s not your fault, in a way, as some of the smartest people in the world seem to be working in marketing and advertising,”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“Most wealthy people have a wide variety of interests and activities. In fact, there is a substantial correlation between the number of interests and activities that people are involved in and their level of financial wealth.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“There is a reason why the top 1 percent of the income producers in America pays 37 percent of the entire federal income tax bill, why the top 5 percent pays 57 percent, the top 10 percent pay 68 percent, and the top 25 percent pay 85 percent. High-income producers are the only ones who earn enough money to do so! The bottom 50 percent of the income producers contributes less than 4 percent of the total tax bill.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“She, like most people who are not wealthy, believed that the more one spends, the more satisfying life is. Thus, more money translates into more spending and therefore more happiness. But she does not completely understand the benefits of being wealthy. It has much more to do with being financially independent and secure than owning prestige brands. High self-esteem is related to achieving financial independence. Both the sense of achievement that comes from success and financial independence lead to happiness and life satisfaction, not meaningless badges.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“Conspicuous symbols of wealth, such as homes and motor vehicles, are better indicators of one’s credit use than of the size of one’s investment portfolio.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“The median price paid by millionaires for their most recent acquisition was only $31,367. The typical price paid by decamillionaires was $41,997, nowhere near the $75,000 figure it is assumed that rich people spend on cars.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“The median price paid by millionaires for their most recent acquisition was only $31,367.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“When an aspirational looks at a Mercedes Millionaire, he only sees what is on display. He focuses on the leaves of the oak tree, not its roots. But the values and work habits of millionaires, like the roots of the oak, are what support their lifestyles (the leaves), not the other way around. Who should the aspirational seek to emulate instead? The Toyota Millionaire. This advice may be painful for some hyperspenders.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“Simply stated, your net worth [augmented] should equal 10 percent of your age times your annual realized household income (0.10 × age × income = expected net worth). If your actual net worth is above this expected figure, I consider you affluent, given your age and income characteristics.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“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 annual realized income.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“Happy people tend to live well below their means. I have found this to be the case in all of the studies I have conducted.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“Interestingly, within the high-income population, I find that there is a negative correlation between one’s grade point average and the amount one spends on motor vehicles. Those with the very highest grades tend to spend less on motor vehicles. This by no means suggests that people you see driving $100,000 cars all flunked out of college!”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“There is no significant correlation between the make [brand] of motor vehicle you drive and your level of happiness with life.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“Can anything worse happen to those who are trying to look rich when they learn the truth? They buy expensive, so-called high-status beverages because they need to tell people they are superior. They want so badly to do what the glittering rich do with their money. But then their trash collector’s revelation dampens their enthusiasm”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“In trying to act rich by imitating big-spending rich people, who is Rodney really impressing? Certainly it is not the rich! In reality, he impresses only himself and some of his friends who enjoy impersonating the glitteringly rich.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“It turns out that those with the most money, those who are in a position to buy their happiness, don’t. And they don’t buy expensive wine either.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“The Toyota make was found to be number one in market share among both engineers and millionaires in general.”
Thomas J. Stanley, Stop Acting Rich: ...And Start Living Like A Real Millionaire
“¿Quieres sobresalir en medio de la multitud? Hazlo con tus logros y no usando un traje de payaso, así eso sea lo que usen los amantes de la moda.”
Thomas J. Stanley, Viva como un verdadero millonario: La gran diferencia entre parecer rico y realmente serlo
“Si quieres comportarte como una persona deslumbrantemente rica, alístate para gastar como mínimo el doble o el triple de lo que el típico millonario paga.”
Thomas J. Stanley, Viva como un verdadero millonario: La gran diferencia entre parecer rico y realmente serlo