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.Thomas J. Stanley
If you're not yet wealthy but want to be someday, never purchase a home that requires a mortgage that is more than twice your household's total annual realized income.Thomas J. Stanley
I am not impressed with what people earn. I'm impressed with what they save.Thomas J. Stanley
Good health, longevity, happiness, a loving family, self-reliance, fine friends ... if you have five of these twelve, you are a rich man.Thomas J. Stanley
If you want to be rich, you need to stop doing what you're doing and start watching what rich people do. And what they do is buy time.Thomas J. Stanley
Wealthy people invest time, energy, and money in their self-development.Thomas J. Stanley
Whatever your income, always live below your means.Thomas J. Stanley
Financial independence is more about controlling your lifestyle than having a high 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
So, what is the secret of those who transform income into wealth? They live well below their means.Thomas J. Stanley
The more education you have – the more degrees stacked after your name – the more likely you are to feel financially insecure.Thomas J. Stanley
Most people who become millionaires have confidence in their own abilities. They do not spend time worrying about whether or not their parents were wealthy.Thomas J. Stanley