Thomas J. Stanley Quotes & Sayings

If you want to catch a cold, hang out with sick people. If you want to lose, associate with losers. But if you want to become successful, go out of your way to associate with successful people. — Thomas J. Stanley

Victor wants his children to have a better life. He encourages them to spend many years in college. 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. — Thomas J. Stanley

Mr. Denzi can teach us all something about accumulating wealth. Begin earning and investing early in your adult life. That will enable you to outpace the wealth accumulation levels of even the so-called gifted kids from your high school class. Remember, wealth is blind. — Thomas J. Stanley

It's easier to accumulate wealth if you don't live in a high-status neighborhood. — Thomas J. Stanley

One of the reasons that millionaires are economically successful is that they think differently. — Thomas J. Stanley

It is easier to purchase products that denote superiority than to actually be superior in economic achievement. — Thomas J. Stanley

Once you're in a high-income bracket, say $100,000 or $200,000 or more, it matters less how much more you make than what you do with what you already have. — Thomas J. Stanley

Wealth is not the same as income. — Thomas J. Stanley

The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning. — Thomas J. Stanley

There are lots of things about millionaires that make them pretty ordinary, but what's not ordinary is their ability to accumulate wealth, how hard they work, and what they do for a living. — Thomas J. Stanley

Money should never change one's values ... . Making money is only a report card. It's a way to tell how you're doing. — Thomas J. Stanley

Before you can become a millionaire, you must learn to think like one. You must learn how to motivate yourself to counter fear with courage. Making critical decisions about your career, business, investments and other resources conjures up fear, fear that is part of the process of becoming a financial success. — Thomas J. Stanley

After twenty years of studying millionaires across a wide spectrum of industries, we have concluded that the character of the business owner is more important in predicting his level of wealth than the classification of his business. But — Thomas J. Stanley

Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline. — Thomas J. Stanley

There are about 300,000 neighborhoods in the United States, and more than half of them have at least one millionaire living there. Most millionaires drive American cars. Out of the top 30 or 40 makes and models, Ford is number one, with about 10 percent of the market share. — Thomas J. Stanley

being well educated has certain economic drawbacks. Victor's — Thomas J. Stanley

Grades don't measure tenacity, courage, leadership, guts or whatever you want to call it. Teachers or any other persons in a position of authority should never tell anybody they will not succeed because they did not get all A's in school. — Thomas J. Stanley

Building a business is like building a home. If the foundation rests on an unstable setting or is constructed with subpar materials, it doesn't matter if the rest of the home is perfect. It will never be a joy to its owner — Thomas J. Stanley

How do you judge the professionals you patronize? Too many people judge them by display factors. Extra points are given to those who wear expensive clothes, drive luxury automobiles, and live in exclusive neighborhoods. They assume a professional is likely to be mediocre, even incompetent, if he lives in a modest home and drives a three-year-old Ford Crown Victoria. Very, very few people judge the quality of the professionals they use by net worth criteria. Many professionals have told us they must look successful to convince their customers/clients that they are. — Thomas J. Stanley

Luck and risk taking go hand in hand. — Thomas J. Stanley

In all three cases, the person makes a higher income than does Mrs. Rule. Yet none is a millionaire. In fact, Mr. Petersen, the marketing manager, has zero invested in stocks. He never invests any of his income. But he lives in a $400,000 home that is surrounded by others in the high-tech field who have big hats and bigger mortgages, but no cattle. Too many high-income/low-net worth types live from paycheck to paycheck, fearing a sudden downturn in our economy. OUR — Thomas J. Stanley

Good health, longevity, happiness, a loving family, self-reliance, fine friends ... if you [have] five, you're a rich man ... . — Thomas J. Stanley

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. — Thomas J. Stanley

If you are creative enough to select the ideal vocation, you can win, win big time. The really brilliant millionaires are those who selected a vocation that they love, one that has few competitors but generates high profits. — Thomas J. Stanley

Anybody with a reasonable income can become financially independent in a lifetime. — Thomas J. Stanley

Whatever your income, always live below your means. — Thomas J. Stanley

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. — Thomas J. Stanley

Most people have it all wrong about wealth in America. Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend. — Thomas J. Stanley

Millionaires are risk-takers, and they don't become millionaires until they're 40 or 50. It's a slower process than a lot of people think. — Thomas J. Stanley

THEIR ADULT CHILDREN ARE ECONOMICALLY SELF-SUFFICIENT. — Thomas J. Stanley

The reason that so few people are financially independent today is that they place many negative roadblocks in their heads. Becoming wealthy is, in fact, a mind game. — Thomas J. Stanley

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. — Thomas J. Stanley

How many highly paid ball players have a level of wealth in this range? We believe only a tiny fraction. Why? Because most have a lavish lifestyle - and they can support such a lifestyle as long as they are earning a very high income. — Thomas J. Stanley

They became millionaires by budgeting and controlling expenses, and they maintain their affluent status the same way. Sometimes — Thomas J. Stanley

Operate your household like a productive business. — Thomas J. Stanley