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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.

Thomas J. Stanley

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Thomas J. Stanley
Died: 2015
Died: February 28
Writer
The Bronx
New York City
Getting
Wrong
Wealthier
Living
Accumulate
America
Income
Years
Spend
Make
Wealth
Good
High
People
Year

More quotes by Thomas J. Stanley

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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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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
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One of the reasons that millionaires are economically successful is that they think differently.
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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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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
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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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The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.
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.
Thomas J. Stanley
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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.
Thomas J. Stanley