In it he has
P. 12It is less about investing in the stock market and much more about investing in ourselves, our careers, our professional practices, our private businesses and so forth.
P. 192Many millionaires have told me that their financial success is a direct function of owning a specialized business in a geo-area that contains little or no competition.
P. 383Very few millionaires are civil servants, and they have a completely different orientation. They want to be compensated on the basis of performance.
During the 1990s, most of the federal retirees had the CSRS retirement system that did not have a matching TSP (the government version of the 401K) but received a pension of 2% for every year of working for the federal government. With that pension, be better off than many of the millionaires.
Now with the FERS federal retirement (employees who started working after 1983), with the 5% matching dollar for dollar and the ultra low index funds, I catch the Federal News Radio, and often it is brought up how many federal employees are reaching $1,000,000 in their TSP. OK this is before taxes. If federal employees are doing well saving with the TSP, a good chance they have savings outside of their retirement too. The FERS retirees also get a pension of 1% for every year of service. (That is the average of the high three years) and get social security too, CSRS retirees do not get that.
It seems Thomas Stanley does not think of federal employees as doing well financially.