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“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.”
― Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America's Wealthy

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“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.”
― Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America's Wealthy

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“It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.”
― Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America's Wealthy

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“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.”
― Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America's Wealthy

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“Victor wants his children to become physicians, lawyers, accountants, executives, and so on. But in so encouraging them, Victor essentially discourages his children from becoming entrepreneurs. He unknowingly encourages them to postpone their entry into the labor market. And, of course, he encourages them to reject his lifestyle of thrift and a self-imposed environment of scarcity.”
― Thomas J. Stanley, The Millionaire Next Door: The Surprising Secrets of America's Wealthy

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