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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

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Thomas J. Stanley
Died: 2015
Died: February 28
Writer
The Bronx
New York City
Wealth
Divides
Inheritances
Age
Household
Annuals
Less
Income
Annual
Times
Realized
Multiply
Ten
Inherited
Except
Inheritance
Worth
Divide
Source
Sources

More quotes by Thomas J. Stanley

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One of the reasons that millionaires are economically successful is that they think differently.
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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.
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It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.
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Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and, most of all, self-discipline.
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Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.
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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.
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Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you [have] five, you’re a rich man….
Thomas J. Stanley
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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.
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The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.
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