Summary of the Millionaire Next Door

Years ago, I read the Millionaire Next Door by Thomas Stanley.  I remember thinking… “Is this a commentary on the book of Proverbs?”

This morning, I ran across a summary of the book.

Investment writer Mark Skousen wrote this:


According to “The Millionaire Next Door” and the sequel, “The Millionaire Mind,” wealthy American millionaires are good people. Here are the results of his survey of more than 1,000 super-millionaires (people who earn $1,000,000 a year or more):

  • They live far below their means and have little or no debt. Most pay off their credit cards every month; 40% have no home mortgage at all.
  • Millionaires are frugal — they prepare shopping lists, resole their shoes and save a lot of money — but they are not misers; they live balanced lives.
  • 97% are homeowners; they tend to live in fine homes in older neighborhoods. (Only 27% have ever built their “dream home.”)
  • 92% are married; only 2% are currently divorced. Millionaire couples have less than one-third the divorce rate of non-millionaire couples. The typical couple in the millionaire group has been married for 28 years and has three children. Nearly 50% of the wives of the super-rich do not work outside the home.
  • Most are first-generation millionaires who became wealthy as business owners or executives; most did not inherit their wealth.
  • Almost all are well educated; 90% are college graduates and 52% hold advanced degrees; however, few graduated at the top of their class — most were “B” students. They learned two lessons from college: discipline and tenacity.
  • Most live balanced lives; they are not workaholics. 93% listed socializing with family members as their #1 activity; 45% play golf. (Stanley didn’t survey whether they were avid book readers — too bad.)
  • 52% attend church at least once a month; 37% consider themselves very religious.
  • They share five basic ingredients to success: integrity, discipline, social skills, a supportive spouse and hard work.
  • They contribute heavily to charity, church and community activities (64%).
  • Their #1 worry: taxes! Their average annual federal tax bill: $300,000. The top one-tenth of 1% of U.S. income earners pays 14.7% of all income taxes collected!
  • “Not one millionaire had anything nice to say about gambling.” Okay, but his survey also showed that 33% played the lottery at least once during the year!

The full article is here:


Do this.

August is a crazy busy month of the year for me.

Last Saturday, I didn’t send a tip of the week.  This Saturday, I am too tired to spend much time typing.

A writer I follow once sent out a reminder that I have never forgotten.  I read this from time to time.  You may need this reminder, too.

“Sadly my favorite activity — spending time with my kids — is now denied me. Alex and Stephen are 24 and 21, busy with their own lives, and too old to hang out with mom and dad; Stephen is away at school in Pittsburgh. When they were young and the kids wanted to be with us was the happiest time of my life. If you are a parent, spend time with your kids now while they still want you. This is the most important piece of advice I can give you.”

– Bob Bly

He’s right.  We all know he is.  Do what he says.  Turn the distractions off for a bit.

Spend some time with your kids.


Have a Happy Sunday, everyone.

Every Saturday, I send out a tip of the week.  I also include announcements, upcoming classes, and so on.  If you would like to hear from me every weekend, sign up for my weekly updates here:

When schools fail…

I received this email:

After reading several blog posts, I am wondering (again) about Henle. Yes, I admit that I am also one of those people who HATE Henle. I find it cumbersome, confusing, limited (vocabulary ), and just plain aggravating. Our son has struggled with Latin at Classical Conversations and I have several times considered jumping ship. However, if I reveal this to anyone in CC, I am quickly put down and told to just keep pushing through. Our son is a freshman and he is a math/science guy. He has convinced himself that he will always struggle with language but to me, Latin actually seems like it would be the easiest language for a logic minded kid to tackle. I think we just need to find the right curriculum. Perhaps I am wrong in thinking that. What I do know is even if that may be true, he needs to fulfill his language requirements for graduation. Nonetheless, we can neither take Henle nor Lingua Latina because of co-op and a math class that conflict with both times. Could you give us some guidance?

Here’s my reply:

Ugh.  First of all, I hate that you are being belittled for not studying Latin, or for wanting to stop studying Latin.  How absurd is that?  Very absurd, in my opinion.  Good grief.  People are weird.

I have met many happy people who have never studied Latin. So have you. Life goes on without it.

That said, you have the same problem we all have with high school. The law of the land says that we have to take two years of a foreign language.  After all, government bureaucrats know best.  That has worked well.  Most Americans are fluent in several languages.  (Read that last sentence with a sarcastic tone.)

I strongly suspect that your son’s difficulty with Latin is caused by First Year Latin by Robert Henle.  My suspicion is based on hundreds of emails like yours that I have seen over the years.  I am not simply mad at First Year Latin by Robert Henle.  I am basing my suspicion on feedback.  Lots and lots of feedback. 

The worst part is that your son now thinks he is no good at languages.

No.  School is no good at teaching languages.  THAT is the problem.  Of course, in this country, when school fails we blame the children.  And then…  we ask them where they’re going to college.  

I grew up in Europe. I have met many Europeans who are fluent in multiple languages and who are also good in math and science.  So, there goes that argument.  The problem is the schools.  The problem is not the human brain.  In other words, the problem is not your son.  

Actually, you can still join my classes if you like. I record everything I teach.  I rarely take those classes down.    I have quite a few students who use the previous classes only.  In fact, many prefer this as they can move at their own rate.  Students are always welcome to contact me if they have any questions. 

And, by the way… a subscription grants access to every live class I teach. It also grants access to every recorded class on my site.   This means that he can still take First Year Latin by Robert Henle with me, if he wanted to finish the book.  On my site, you don’t have to choose between classes.  You have access to them all.

Let me know if you need more help!

Which meaning?

I received this question:

My son came across a problem on Visual Latin 1 Lesson 15. On the answer sheet it says that the word “feminam” means wife and “feminas” means wives but on the vocabulary list, it is not listed. It is listed as woman.

Also, we ran into issues with “bestiarum” which means beast but on the answer sheet it says animals towards the end of the second paragraph.

Here is my reply:

I apologize for the delay. August is the busiest month of the year for me.  Finally catching up this morning…

English has over a million words in its vocabulary.  And, it is climbing at the rate of about 150 words a day, or so I have heard.  We have a word for everything.  In fact, we sometimes have multiple words for everything.

Latin, on the other hand, has a vocabulary of about 75,000 words.  Compared to English, Latin is puny, tiny, small, or itty bitty.  (See what I did there?)

Anyway, Latin words have to work extra hard.  Sometimes one word will have many meanings.  So, yes.  Bestia means beast.  It can also mean animal, creature; wild beast/animal, beast of prey in arena.  

Femina means woman.  It can also mean woman, and sometimes wife.  

I hope this clears it all up!

Lingua Latina. Where to begin?

I received this question:

Our school is in its second year with a new high school (very soft, very quiet open). Four students, three ninth-graders, and one 11th grader. I am needing help in how to divide the Lingua Latina into courses. Latin 1, Latin 2, etc. Surely somewhere there is a transitional chart that translates where a student has had Henle 1 where I should begin them in this program. Any help you can offer is GREATLY appreciated!

Here is my reply:

As much as I hate to say it, if you are reading Lingua Latina, you must start at the beginning.  

First Year Latin by Robert Henle teaches 497 words.  Lingua Latina teaches student almost 2,000.  It is a numbers game. Students who leave Henle Latin and start reading Lingua Latina find that they are under prepared.  It isn’t their fault. They are simply showing up in a combat zone with too little ammunition.  First Year Latin by Robert Henle simply does not provide students with enough vocabulary.

Since Lingua Latina is a novel, it doesn’t really matter.  Students find that they enjoy the stories. They would not want to start in the middle of the book anyway.

A notice from the National Latin Examiners

Salvete, omnes!

We wanted to remind you about the postmark deadline for applying for the 2018 National Latin Exam.  The application will be available on our website, listed below, starting in September.  Applications will be mailed to all who participated in the 2017 exam by early September.  The application will also be included in the fall newsletter.  The postmark deadline for applying (or the deadline for applying online) is January 20, 2018.

If you wish to opt out of receiving these e-mail blasts from the NLE office, please let us know, and we will remove you from the email blast listing.


Thank you so much!

Janine Kuty

Office Manager

National Latin Exam

Phone: 888-378-7721

Fax: 540-654-1567




Email her with questions.  Not me.  🙂 

A grammar a month?!?

I received this comment:

Quick question: I’m reading your book, Via, and I’m wondering what you mean by reading a grammar per month. Do you mean something like “Wheelock’s Latin”? That seems like a tall order each month! Could you please give an example of what you mean here?

Here is my reply:

Yes.  This is very difficult in the beginning.  But, eventually, you realize all of the books are saying the same thing.  The process becomes rapid.  I can read a Latin grammar in a week now.  I learned Anglo-Saxon grammar in two days about a month ago.  

When you begin, reading a grammar a month is almost impossible.  By the end of a year, it should be rather easy.