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The Millionaire Mind
''The Millionaire Mind'' is a book by American finance professor Thomas J. Stanley published in 2000. A follow-up to his earlier ''The Millionaire Next Door'', Stanley draws upon research of America's affluent to examine the ideas, beliefs and practices of the segment of the financial elite. His findings are contrary to common belief, noting for example that high-wealth Americans typically use little or no consumer credit and tend to avoid conspicuous consumption of high-cost or high-status items. While ''The Millionaire Next Door'' focused on those with a net worth of at least US$1 million, ''The Millionaire Mind'' emphasizes those with a net worth of at least US$10 million. The book debuted at #2 on the ''New York Times'' Bestseller list on February 18, 2000 and received press and reviews from Fred Barnes, Katie Couric and Donald Trump. Summary Following up the bestseller ''The Millionaire Next Door'', ''The Millionaire Mind'' analyzes the common environmental and lifestyle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas J
Clarence Thomas (born June 23, 1948) is an American jurist who serves as an associate justice of the Supreme Court of the United States. He was nominated by President George H. W. Bush to succeed Thurgood Marshall and has served since 1991. After Marshall, Thomas is the second African American to serve on the Court and its longest-serving member since Anthony Kennedy's retirement in 2018. Thomas was born in Pin Point, Georgia. After his father abandoned the family, he was raised by his grandfather in a poor Gullah community near Savannah. Growing up as a devout Catholic, Thomas originally intended to be a priest in the Catholic Church but was frustrated over the church's insufficient attempts to combat racism. He abandoned his aspiration of becoming a clergyman to attend the College of the Holy Cross and, later, Yale Law School, where he was influenced by a number of conservative authors, notably Thomas Sowell, who dramatically shifted his worldview from progressiv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Millionaire Next Door
''The Millionaire Next Door: The Surprising Secrets of America's Wealthy'' () is a 1996 book by Thomas J. Stanley and William D. Danko. The book is a compilation of research done by the two authors in the profiles of American millionaires. The authors compare the behaviour of those they call "UAWs" (Under Accumulators of Wealth) and those who are "PAWs" (Prodigious Accumulators of Wealth). Their findings, that millionaires are disproportionately clustered in middle-class and blue-collar neighborhoods and not in more affluent or white-collar communities, came as a surprise to the authors who anticipated the contrary. Stanley and Danko's book explains why, noting that high-income white-collar professionals are more likely to devote their income to luxury goods or status items, thus neglecting savings and investments. UAWs versus PAWs Under Accumulator of Wealth (UAW) is a name coined by the authors used to represent individuals who have a low net wealth compared to their income. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit (finance)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conspicuous Consumption
In sociology and in economics, the term conspicuous consumption describes and explains the consumer practice of buying and using goods of a higher quality, price, or in greater quantity than practical. In 1899, the sociologist Thorstein Veblen coined the term ''conspicuous consumption'' to explain the spending of money on and the acquiring of luxury commodities (goods and services) specifically as a public display of economic power—the income and the accumulated wealth—of the buyer. To the conspicuous consumer, the public display of discretionary income is an economic means of either attaining or of maintaining a given social status. The development of Veblen's sociology of conspicuous consumption also identified and described other economic behaviours such as invidious consumption, which is the ostentatious consumption of goods, an action meant to provoke the envy of other people; and conspicuous compassion, the ostentatious use of charity meant to enhance the reputati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fred Barnes (journalist)
Frederic Wood Barnes Jr. (born February 1, 1943) is an American political commentator. He was the executive editor of the defunct news publication ''The Weekly Standard'' and regularly appears on the Fox News Channel program ''Special Report with Bret Baier''. He was previously co-host of '' The Beltway Boys'' with Mort Kondracke, which previously aired on the Fox News Channel. Barnes remains a prolific writer on presidential and many other political topics as well. Early life and education Barnes was born in West Point, New York. He earned a B.A. degree from the University of Virginia in 1965. Career After spending several years as a journalist with ''The Charleston News and Courier'' in Charleston, South Carolina, he became a reporter for the ''Washington Star''. He covered the Supreme Court and the White House for the ''Star'' before moving to the '' Baltimore Sun'', where he was the national political correspondent. From 1985 to 1995, he was senior editor and White House ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Katie Couric
Katherine Anne Couric ( ; born January 7, 1957) is an American journalist and presenter. She is founder of Katie Couric Media, a multimedia news and production company. She also publishes a daily newsletter, ''Wake Up Call''. From 2013 to 2017, she was Yahoo's Global News Anchor. Couric has been a television host at all of the Big Three television networks in the United States, and in her early career she was an assignment editor for CNN. She worked for NBC News from 1989 to 2006, CBS News from 2006 to 2011, and ABC News from 2011 to 2014. In 2021, she appeared as a guest host for the game show ''Jeopardy!'', the first woman to host the flagship American version of the show in its history. In addition to her roles in television news, Couric hosted '' Katie'', a syndicated daytime talk show produced by Disney–ABC Domestic Television from September 2012 to June 2014. Some of her most important presenting roles include co-host of ''Today'', anchor of the ''CBS Evening News'', ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series '' The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Republican nominee against Democratic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millionaire
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. In countries that use the short scale number naming system, a billionaire is someone who has at least a thousand times a million dollars, euros or the currency of the given country. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is obviously much easier and less significant to be a millionaire in those currencies, thus a millionaire (in the local currency) in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, Euro, o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tom Butler-Bowdon
Tom Butler-Bowdon (; born 1967) is a non-fiction author based in Oxford, England. Early life Butler-Bowdon was born in Adelaide. He graduated from the University of Sydney (BA Hons, Government and History) and the London School of Economics (MSc Politics of the World Economy). Career Butler-Bowdon is most notable for the ''50 Classics'' series of books, which provide commentaries on key writings in personal development, psychology, philosophy and economics. The series is published in English by Nicholas Brealey Publishing, and has been translated into 23 languages. Referring to his earlier work on the personal development literature, Butler-Bowdon was described by USA Today as "a true scholar of this type of literature". His ''50 Self-Help Classics'' won the 2004 Benjamin Franklin Award (US) for the Psychology/Self-Help category. Butler-Bowdon's "50 Economics Classics: The Greatest Books Distilled" was awarded a silver medal in the 2018 Axiom Business Book Awards, in the Busin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim Lippard
James Joseph Lippard (born 1965) is an American skeptic and activist freethinker.Lippard, Jim"Publications and Appearances"(bibliography)''discord.org''.Accessed July 13, 2009. Archived fro/ref> Lippard works for Global Crossing as its head of information security. He founded the ''Phoenix Skeptics'' in 1985 and was its executive director until 1988, and edited ''The Arizona Skeptic'' from 1991–1993. He is the former president (2003–2005) of the ''Internet Infidels'' and former webmaster for the Skeptics Society (1994 to 1997). Lippard is the author of ''The Fabulous Prophecies of the Messiah'' on the Secular Web, and a contributor to Ed Babinski's ''Leaving the Fold: Testimonies of Former Fundamentalists'', to Joe Nickell's ''Psychic Sleuths: ESP and Sensational Cases'', Gordon Stein's ''Encyclopedia of the Paranormal'', and to Skeptic magazine and ''Reports of the National Center for Science Education''. Popular culture Lippard was portrayed by actor James Lloyd Reynolds i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Amazon
Amazon most often refers to: * Amazons, a tribe of female warriors in Greek mythology * Amazon rainforest, a rainforest covering most of the Amazon basin * Amazon River, in South America * Amazon (company), an American multinational technology company Amazon or Amazone may also refer to: Places South America * Amazon Basin (sedimentary basin), a sedimentary basin at the middle and lower course of the river * Amazon basin, the part of South America drained by the river and its tributaries * Amazon Reef, at the mouth of the Amazon basin Elsewhere * 1042 Amazone, an asteroid * Amazon Creek, a stream in Oregon, US People * Amazon Eve (born 1979), American model, fitness trainer, and actress * Lesa Lewis (born 1967), American professional bodybuilder nicknamed "Amazon" Art and entertainment Fictional characters * Amazon (Amalgam Comics) * Amazon, an alias of the Marvel supervillain Man-Killer * Amazons (DC Comics), a group of superhuman characters * The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance Books
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
