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Thomas Stanley

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A Dollar Saved Is Better Than A Dollar Earned

Benjamin Franklin popularized the expression: “A penny saved is a penny earned.” However, Ben got this one wrong because a penny saved is much better than a penny earned! This is one reason why being frugal is such an important aspect of wealth building. Of course, frugality on steroid is even better — i.e., save [...]

Are You Wealthy? Here’s a Test

To many people, wealthy means having an abundance of material possessions. Wealthy people are those that own big houses, luxury cars, yachts, expensive watches, etc. But is that really wealthy?

For me, I would consider myself wealthy when income from my assets can cover all my family living expenses and a few luxuries. There is no [...]

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