September 26, 2006

Millionaire Women Next Door
The Many Journeys of Successful American Businesswomen
by Thomas J. Stanley, Ph.D.

One of our best ways to succeed is to understand and integrate the methods of other successful women, and Dr. Thomas Stanley shows us how through his groundbreaking research on women business owners in the United States.

Based on his surveys of women owners of million-dollar and multi-million dollar companies, he provides a “how-to list” for how to become a successful businesswoman. These stories are truly inspiring and include case studies of women business owners who overcame challenging family situations as well as women who rose above their fears and doubts to become self-confident and happy in their abilities.

Here’s the typical self-employed millionaire businesswoman:

• 49 years old, married, with children
• typically wakes up at 5:58 am and goes to sleep at 10:32pm
• works about 49 hours and 18 minutes a week
• exercises for 3.5 hours per week
• household total annual realized (taxable) income is $240,217 (median),
  [this is more than five times the median for all US households]
• household net worth of just under $2.9 million
• 98% are home owners. One in five has a balance under $100,000 on a mortgage.
• significantly more likely to develop a detailed accounting system for tracking all household expenditures
• research stocks to acquire, hold stocks longer, use investment advisors more, and have well-defined short- and long-term investment-return goals
• support causes by donating nearly 7% of our annual incomes
• frugal (top amount spent on a suit = $400, pair of shoes = $139, house = $299,990)
• took on a leadership role before becoming a teenager
• goal oriented (daily, weekly, monthly, yearly, lifetime)

Read more in the book!

http://www.amazon.com/Millionaire-Women-Next-Door-Businesswomen/dp/0740745328