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It’s easier to accumulate wealth if you don’t live in a high-status neighborhood.

Thomas J. Stanley

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Thomas J. Stanley
Died: 2015
Died: February 28
Writer
The Bronx
New York City
Wealth
High
Live
Accumulate
Status
Neighborhood
Easier

More quotes by Thomas J. Stanley

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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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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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Good health, longevity, happiness, a loving family, self-reliance, fine friends … if you [have] five, you’re a rich man….
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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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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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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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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.
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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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