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Author: Thomas J Stanley, William Danko
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About the Book

"The Millionaire Next Door" by Thomas J. Stanley and William Danko explores the habits and characteristics of the wealthy in America. Through extensive research, they reveal that many millionaires live quietly and frugally, without flashy displays of wealth. The book emphasizes the importance of hard work, saving, and living below your means in order to build wealth over time. It challenges common stereotypes about millionaires and offers practical advice for anyone looking to achieve financial success.

Eric Liddell

Eric Henry Liddell was born on 16th January 1902 in Tientsin (Tianjin) North China, second son of the Rev. & Mrs. James Dunlop Liddell who were missionaries with the London Mission Society. He was educated from 1908 to 1920 at Eltham College, Blackheath, school for the sons of missionaries. Eric, with his older brother Rob, were left at their boarding school while their parents and sister, Jenny, returned to China. During the boys’ time at Eltham College, their parents, sister and new brother Ernest came home on furlough two or three times and were able to be together as a family – mainly living in Edinburgh. Although born in China and educated in England, Eric Liddell lived in Scotland at various times during his life. In 1920, Eric joined his brother Rob at Edinburgh University to read for a BSc in Pure Science. During this period he played rugby for Scotland and trained to run at the Olympics. Athletics and rugby played a large part in Eric’s University life. He ran in the 100 yards and the 220 yards for Edinburgh University and later for Scotland. He played rugby for Edinburgh University and in 1922 played in seven Scottish Internationals with A.L. Gracie. Eric Liddell was a gifted rugby player and played for the Edinburgh Univerisity 1st XV team. He also played international rugby for Scotland and gained seven international caps as a wing-threequarter, scoring four tries thanks to his searing pace. As a result of having insufficient time for both running and rugby, he chose the former, aiming for the 100 meters in the Paris Olympics. When he learned that the heats were to be run on a Sunday, he switched to the 400 metre competition as he was not prepared to run on a Sunday. He won a gold medal for the 400 metres and a bronze medal for the 200 metres at the Paris Olympics. He also travelled briefly to the USA in 1924 to compete in an athletics tournament. He returned to Edinburgh after the Paris Olympics and he graduated from Edinburgh University. Eric Liddell lived for a short time in Gillespie Crescent before moving to a house in Merchiston Place. Recollections of Eric Liddell By Sir Arthur Marshall The Cambridge University Athletics Club had an invitation from Pennsylvania to take a team of seven to the Pennsylvanian Games in March 1924, and I was one of the seven. Eric Liddell, the Scot from Edinburgh University, the 1923 AAA 100 yards Champion, had been personally invited and travelled with us. We stayed at the very comfortable Pennsylvanian Cricket Club. I am afraid none of, including Eric Liddell, managed to win an event at the Pennsylvanian Games. We travelled back in a small slow ship of the American United Line called ‘The Republic’ – a ten day crossing. Eric Liddell entered in the fun and games on the boat, including the Fancy Dress Dance. Whilst he was very strict about religion. Eric and I became good friends and saw much of two American sisters, Freddie and Edith, who were travelling to ‘do Europe’, including the UK. They said they were going to be in Paris for the Olympic Games, and we said if we were there at the same time we hoped we could meet. Harold Abrahams had set his whole life on winning the Olympic 100 Metres – it had become and obsession with him. Liddell’s achievement in winning the 1923 AAA 100 Yards in the record time of 9 7/10 seconds was a devastating blow to Abrahams and shook him to the core. To date Abrahams had been a consistent 10 seconds 100 yards winner but had only slightly broken 10 seconds on one or two occasions. He knew in the Olympics he would be up against overseas competition, particularly from the Americans, but this new and very serious opposition out of the blue and on his doorstep had come at a time when Harold had established his 100 yards supremacy in the UK. To achieve level pegging with Eric Liddell’s new record time, Harold had to improve his performance by two or three yards with the help of his trainer Sam Mussabini. It must have been a tremendous relief to Harold when it became known early in 1924 that Eric had decided to concentrate on the 400 metres and, because of his religious principles, would not compete in the Olympic 100 metres as first heats were always run on Sunday. Eric had in turn become completely dedicated to winning an Olympic Medal within the restrictions of his faith. He was a famous Scottish international rugger player, and gave up his rugger to enable him to concentrate on his Olympic ambitions, which became very deep-rooted, and his work suffered. Winning an Olympic Gold Medal became a priority, second only to his religion, and the ambition to win this event became part of his religion. Recollections of Eric Liddell By Sir Arthur Marshall The team travelled to Paris days before the Olympics started and had a big send-off at Victoria Station. The silence at the start of the 100 metres and 400 metres was quite electric. Harold Abrahams won the 100 metres in a new Games record time. In spite of all that has been said about Abrahams’ 100 metres, the 400 metres in some way provided the greatest thrill of the meeting with the world record being broken by Eric Liddell three times in two days. It was thought that Liddell had some chance of winning, but nobody thought Liddell capable of the amazing performance he achieved in the final. As far as the crowd were concerned they were well informed about Liddell’s dedication to his religion and his refusal to run in the first round of the 100 metres on the Sunday; they also knew of his determination to win this event. The occasion was enlivened by the support given to Liddell by the pipes and drums of the Cameron Highlanders. The silence and pent-up excitement at the start of the race could be felt. Liddell went ahead at the start and maintained his pace throughout, finishing in what at the time was described as ‘a most lion-hearted manner’ winning by three yards from Fitch, an American. This was probably the greatest achievement of the VIIIth Olympiad, and superlatives were showered on Liddell by the press of the entire world. Liddell was short and not a pretty runner but just pounded along virtually at the same pace all the way, with a finish as if he was making a final dash for a try in a rugger match with an opponent bearing down on him and about to tackle from behind. After Eric had won the 400 metres Gold Medal, Eric and I made contact with Freddie and Edith, the American sisters, and took them to a Tango Tea Dance in the Champs Elysees. Footnote: Along with sacrificing his place in the 1924 Olympics 100m, Eric Liddell also gave up two other races in which Great Britain held high hopes of winning gold that year – the 4 x 100m and 4 x 400m, whose finals also took place on a Sunday. After the Olympics After the Olympics and his graduation, he returned to North China where he served as a missionary from 1925 to 1943 – first in Tientsin (Tainjin) and later in Siaochang. During his first furlough in 1932 he was ordained as a minister. 1930 - 1932 On furlough from China studying at Congregational College. After completing his studies he was ordained as a minister on 22nd June 1932. During this time he lived in a hostel in George Square which belonged to the Edinburgh Medical Missionary Society. During these periods Eric Liddell attended Morningside Congregational Church at the corner of Chamberlain Road and Morningside Road. Morningside Congregational Church The Church building (pictured here on the right) was originally built for North Morningside United Presbyterian Church who used it until 1881 when it became too small. They then built a new, larger, church on the other side of the road (which is now the Eric Liddell Centre). From 1881 the old church was home to the Morningside Athenaeum Club before the Congregational Church purchased it in 1890. In 1928 this church was demolished and a new one erected (which is now Morningside United Church). Eric Liddell would have attended meetings in both buildings during his two extended stays in Edinburgh. The old church from 1920 to 1925 and the current building (Morningside United Church) from 1930 to 1932. He also preached at the church on a number of occasions. On his return to China, he married Florence Mackenzie (of Canadian missionary parentage) in Tientsin in 1934. They had three daughters; Patricia, Heather and Maureen, who now all live in Canada. Living in China in the 1930s was potentially very dangerous and in 1937 Eric was sent to Siaochang where he joined his brother Rob. He was now crossing the Japanese army lines. In 1941 life in China was becoming so dangerous that the British Government advised British nationals to leave. Florence and the children left for Canada. During 1941 – 1943 Eric stayed in Tientsin, then in 1943 he was interned in Weishien camp until his death in 1945. The Eric Liddell Centre The United Presbyterian Church merged with the Free Church of Scotland in 1900 and then, in 1929, this merged with the Church of Scotland. The United Presbyterian Church built in 1879 became known as Morningside North parish Church. By 1980 the building was no longer in use and became the Holy Corner Church Centre. This was an initiative of the three remaining churches at Holy Corner: Morningside United Church (a merger between the Congregational and Church of Scotland congregations and in joint membership of the United Reformed Church and Church of Scotland), Christ Church (Scottish Episcopal Church) and Morningside Baptist Church. As the project developed the centre’s name was changed to The Eric Liddell Centre in recognition of his involvement in the life of one of the founding churches and the local community during his time living here.

Can Anyone Really Be “Blameless”

When you read the Psalms, do you identify with the psalmist when he claims blamelessness and uprightness and integrity and righteousness? Blamelessness Blessed are those whose way is blameless! (Psalm 119:1) I was blameless before him, and I kept myself from my guilt. (Psalm 18:23) I shall be blameless, and innocent of great transgression. (Psalm 19:13) Uprightness My shield is with God, who saves the upright in heart. (Psalm 7:10) The upright shall behold his face. (Psalm 11:7) Let all the upright in heart exult! (Psalm 64:10) Integrity Judge me, O Lord, according to the integrity that is in me. (Psalm 7:8) Vindicate me, O Lord, for I have walked in my integrity. (Psalm 26:1) You have upheld me because of my integrity. (Psalm 41:12) Righteousness The Lord upholds the righteous. (Psalm 37:17) He will never permit the righteous to be moved. (Psalm 55:22) The Lord loves the righteous. (Psalm 146:8) Are you among the righteous, the upright, the blameless, and those who walk in integrity? If you are a Christian, you should answer Yes. Imputed Righteousness: Foundation, Not Summation I do not say this simply because in Christ we are counted righteous. The psalmist is not talking only about imputed righteousness. The justification of the ungodly on the basis of Christ alone by faith alone is a precious and magnificent truth. And, to be sure, it was already true for the psalmists in the Old Testament, because Christ’s death counted for them in the mind of God before it happened in history. That’s the point of Romans 3:25. “The psalmists were justified by faith alone. But their faith worked through love.” When Paul wanted to support his teaching about the “justification of the ungodly,” he quoted Psalm 32. God justifies the ungodly . . . just as David also speaks of the blessing of the one to whom God counts righteousness apart from works: “Blessed are those whose lawless deeds are forgiven, and whose sins are covered; blessed is the man against whom the Lord will not count his sin.” (Romans 4:5–8) But this imputed righteousness, based on Christ alone, is not the sum of what the psalmists refer to when they speak of their blamelessness and uprightness and integrity and righteousness. Forgiveness and imputation are the foundation, but not the summation of Christian righteousness. Justifying Faith Leads to Integrity and Uprightness That is true in the New Testament and the Old. The faith that unites us to Christ and his perfect uprightness is real only if it also produces new attitudes and behaviors in us. Here’s the way Paul put it: “In Christ Jesus neither circumcision nor uncircumcision counts for anything, but only faith working through love” (Galatians 5:6). The faith that links us to Christ for justification also leads to sanctification. That was true in the Old Testament as well. The psalmists were justified by faith alone. But their faith “worked through love.” It produced blamelessness and uprightness and integrity and righteousness. This was a work of the sanctifying Spirit of God. They knew it was God’s work not their own: Create in me a clean heart, O God, and renew a right spirit within me. Cast me not away from your presence, and take not your Holy Spirit from me. Restore to me the joy of your salvation, and uphold me with a willing spirit. (Psalm 51:10–12) The same dynamics of justification and sanctification at work in the godly psalmists are at work in Christians today, even though we have the privilege of knowing so much more about how the Lord purchased all this by his blood, and how it is working out in the power of the risen Christ. Psalmists Are Not Legalists Therefore, it is a mistake to read the Psalms and somehow think that these writers were legalists or egomaniacs or naïve when they referred to their blamelessness and uprightness and integrity and righteousness. Along with the psalmists, Christians must be blameless, upright, righteous persons of integrity. Example of Psalm 25 “He is not perfect. He is not without sin. He is not proud. He is the beneficiary of mighty mercy.” Consider Psalm 25 as an example of what this looks like. It is a beautiful psalm of deep humility and longing for God. Four times in these 22 verses David acknowledges his sin. His confession and his sense of need for grace is not just mentioned at the beginning of the psalm and then left behind as he moves on in triumph. Remember not the sins of my youth or my transgressions. (Psalm 25:7) Good and upright is the Lord; therefore he instructs sinners in the way. (Psalm 25:8) For your name’s sake, O Lord, pardon my guilt, for it is great. (Psalm 25:11) Consider my affliction and my trouble, and forgive all my sins. (Psalm 25:18) Since his sins are a constant reality to him, so is the mercy and love and grace and goodness of God. Remember your mercy, O Lord, and your steadfast love. (Psalm 25:6) According to your steadfast love remember me, for the sake of your goodness, O Lord! (Psalm 25:7) All the paths of the Lord are steadfast love. (Psalm 25:10) Turn to me and be gracious to me. (Psalm 25:16) David knew that if his guilt was to be pardoned, it would not be on the basis of his own virtue, but on the basis of God’s allegiance to his own name: “For your name’s sake, O Lord, pardon my guilt, for it is great” (Psalm 25:11). Sinner’s Response to God How then does David describe his response to God? Answer: trusting, waiting, humility, covenant keeping, fearing the Lord, and taking refuge in him. My God, in you I trust. (Psalm 25:2) For you I wait all the day long. (Psalm 25:5, 21) He leads the humble in what is right, and teaches the humble his way. (Psalm 25:9) All the paths of the Lord are steadfast love and faithfulness, for those who keep his covenant. (Psalm 25:10) Who is the man who fears the Lord? Him will he instruct in the way that he should choose. (Psalm 25:12, 14) Let me not be put to shame, for I take refuge in you. (Psalm 25:20) Most of us are thrilled with this kind of Psalm. It acknowledges sin. It ascribes mercy and grace to God. The psalmist trusts in that mercy and holds fast to the forgiving God. Integrity and Uprightness Preserve Me But then comes verse 21: “May integrity and uprightness preserve me, for I wait for you” (Psalm 25:21). What I am arguing is that his appeal to his own integrity and uprightness is not a lapse in humble, faith-filled godliness. I am arguing that this is a proper claim of the godly in every age. This is not pride. This is not self-reliance. This is not legalism. This is not salvation-by-works. This is a godly man, trusting the mercy of God, knowing his sins are forgiven, walking in the power of God’s sanctifying Spirit. He is a man of integrity and uprightness. He is not perfect. He is not without sin. He is not proud. He is the beneficiary of mighty mercy — transforming mercy. It was “for God’s name’s sake” that his great guilt was pardoned (Psalm 25:11). And it is “for God’s name’s sake” that he walks in integrity and uprightness. As Psalm 23:3 says, “He leads me in paths of righteousness for his name’s sake.” Don’t Stumble over Integrity “The faith that unites us to Christ’s perfect uprightness is real only if it produces new attitudes and behaviors.” We do not need to stumble over these protests of integrity in the Psalms. In both Old and New Testament times, God justifies the ungodly, sanctifies the faithful, and rewards their new Spirit-wrought righteousness. It is not legalism or works-righteousness to say with the psalmist, “You have upheld me because of my integrity” (Psalm 41:12). It is not pride or self-sufficiency to say, “The Lord has rewarded me according to my righteousness, according to the cleanness of my hands in his sight” (Psalm 18:23–24). The New Testament is just as strong that “doing good” in the power of God’s Spirit, from a heart of faith, will be rewarded with eternal life and all the varied benefits that belong to our varied faithfulness. The one who sows to his own flesh will from the flesh reap corruption, but the one who sows to the Spirit will from the Spirit reap eternal life. And let us not grow weary of doing good, for in due season we will reap, if we do not give up. (Galatians 6:8–9) Whatever good anyone does, this he will receive back from the Lord. (Ephesians 6:8) The one who receives a righteous person because he is a righteous person will receive a righteous person’s reward. (Matthew 10:41) Love your enemies, and do good, and lend, expecting nothing in return, and your reward will be great. (Luke 6:35) We must all appear before the judgment seat of Christ, so that each one may receive what is due for what he has done in the body, whether good or evil. (2 Corinthians 5:10) Whatever you do, work heartily, as for the Lord and not for men, knowing that from the Lord you will receive the inheritance as your reward. (Colossians 3:23–24) Trust in the Lord, and Do Good Therefore, when you read in the Psalms that the psalmists offer up their blamelessness and uprightness and integrity and righteousness to God, don’t over-spiritualize it. Don’t treat it as perfectionism. Don’t think of it as legalism. Don’t demean it as a defective part of the “old covenant.” Take it for what it is: a godly man, who knows he is a sinner, pardoned for God’s name’s sake, justified by grace, trusting God’s mercy, depending on God’s Spirit, taking refuge in God’s protection, delighting in God’s beauty, keeping God’s covenant, and therefore walking in integrity and honesty and uprightness. When viewed in this way, the Psalms become precious beyond measure as they help us “trust in the Lord, and do good” (Psalm 37:3). Article by John Piper Founder & Teacher, desiringGod.org