31 Superb Thomas J. Stanley Quotes

Thomas J. Stanley is an American writer, author, and business theorist. Known for his books, ‘The Millionaire Next Door’ and ‘The Millionaire Mind,’ Stanley is no stranger to the New York Time’s Bestseller List. Here is a look at some of the most memorable Thomas J. Stanley quotes ever recorded.

“Whatever your income, always live below your means.”

“What if he had taken full advantage of the tax-advantaged benefit from the time he was first employed? Today he would be a millionaire. Instead, he is on the perpetual earn-and-consume treadmill.”

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

“To build wealth, minimize your realized (taxable) income and maximize your unrealized income (wealth/capital appreciation without a cash flow).”

“There is an inverse relationship between the time spent purchasing luxury items such as cars and clothes and the time spent planning one’s financial future.”

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


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

“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”

“Mrs. Rule wants to be free of financial worry before her sixty-fifth birthday. Each time she tabulates, she tells herself she is reducing her fear of never being able to retire in comfort.”

“Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyperconsumer.”

“Most millionaires generally don’t limit themselves to stocks, bonds, and related investments—they invest heavily in private businesses and real estate.”

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

“Many people who live in expensive homes and drive luxury cars do not actually have much wealth. Then, we discovered something even odder: Many people who have a great deal of wealth do not even live in upscale neighborhoods.”

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

“It’s amazing what you can do when you set your mind to it. You’ll be surprised how many sales calls you can make when you have no alternative except to succeed.”

“It matters less how much more you make than what you do with what you already have.”

“It is very difficult for a married couple to accumulate wealth if one is a spendthrift. A household divided in its financial orientation is unlikely to accumulate significant wealth.”

“In our most recent national survey of millionaires, we asked the respondents to designate their country of origin/ancestry/ethnic origin. The results may surprise you. ”

“If your goal is to become financially secure, you’ll likely attain it…. But if your motive is to make money to spend money on the good life,… you’re never gonna make it.”

“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.”

“If you’re not financially independent, you will spend an increasing amount of your time and energy worrying about your socioeconomic future.”

“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.”

“How can well-educated, high-income people be so naive about money? Because being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing.”

“His view of millionaires is shared by most people who are not wealthy. They think millionaires own expensive clothes, watches, and other status artifacts. We have found this is not the case.”

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

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

“For every millionaire who owns a $1,000 suit, there are at least six owners who have annual incomes in the $50,000 to $200,000 range but who are not millionaires.”

“Financially independent people are happier than those in their same income/age cohort who are not financially secure.”

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

“Allocating time and money in the pursuit of looking superior often has a predictable outcome: inferior economic achievement. What are three words that profile the affluent?”

“According to our most recent survey, the typical American millionaire reported that he (she) never spent more than $399 for a suit of clothing for himself or for anyone else.”

Here is one take on the Thomas Stanley book, ‘The Millionaire Mind’ and ‘The Millionaire Next Door.’ As a valuable book that is continually referred back to, what have you learned yourself?

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