Skip to content
A recent article in The Boston Globe highlights the issues Bostonians are considering related to purchasing homes in affluent areas. The piece recites a financial-planning principle: “A bit of perspective: In many parts of the country, the rule of thumb is that housing costs should occupy a third of one’s income. Here, that standard frequently doesn’t apply.” Because of rising real estate prices and a desire to keep up with the Joneses, many Boston …
In the introduction to The Millionaire Next Door, a question is asked in the voice of the reader: How come I am not wealthy? The authors state: Many people ask this question of themselves all the time. Often they are hard-working, well-educated, high-income people. Why, then, are so few affluent? As I am rereading The Millionaire Next Door, as many of you are, I’m reminded of the reason the work of defining wealth in …
Dear Readers, Thomas J. Stanley, my father and mentor, passed away after a tragic car accident on February 28th, 2015. At the time of his death, we were working together on multiple projects, including two new books, Data Points, and a line of research examining life experiences and wealth accumulation. Our family takes great comfort from the kind messages and comments that reveal the positive and lasting influence my father’s work had on people’s …
We’re piloting new assessments in the upcoming weeks that measure wealth building, risk tolerance, and resiliency. If you’re interested in participating, please sign up here. If you are a professional advisor and would like to have your clients participate, please contact us. …
A recent study from Wells Fargo and Gallup found that approximately 21% of 401(k) participants take out loans or early withdrawals from these plans. Many employees are not quite familiar with the tax consequences that go along with such behaviors. The basics of good money management, while not universally taught, can be identified and learned. Financial literacy is a necessary first step in ensuring individuals make sound financial decisions. However, it is only one …