If Thomas J. Stanley were alive today, he would have be none too pleased with the celebration that is taking place today at the Globe Pequot booth. The overarching lesson from The Millionaire Next Door: The Surprising Secrets of America’s Wealthy (Globe Pequot/Taylor Trade), his bestselling modern classic on how to build wealth, is modesty, thrift, and prudence in spending. Nevertheless, in honor of the book’s 20-year anniversary—and the new edition that is being published in October—the folks at Globe Pequot chose to throw frugality to the wind for just one afternoon, to raise a glass and celebrate the achievement.
In his landmark book that has sold more than three million copies, Stanley, who died last year, purports that wealth is more often the result of hard work, diligent savings, and living below your means, not inheritance and advanced degrees. .
In the new, 20th-anniversary edition, Stanley’s daughter, Sarah Stanley Fallaw, provides the foreword. Join the celebration at the Globe Pequot booth (700), today at 4:30 p.m.
This article appeared in the May 12, 2016 edition of PW BEA Show Daily.