Part 1: Scrooge Mcduck and Money
Part 2: Scrooge Mcduck and Money
Wednesday, November 10, 2010
What Is Your Defense Against The Million Dollar Monsters?
TO DEFEND AGAINST THE MONSTERS OF
INFLATION AND DEPRECIATION
=
INVESTING (KNOWING ABOUT TIME VALUE OF MONEY).
TO DEFEND AGAINST THE MONSTER OF
SPENDING
=
BUDGET AND CASH FLOW
TO DEFEND AGAINST THE MONSTER OF TAX
=
BEING SMART, 401K's, AND IRA's
LOOK FOR EXCITING DETAILS IN FUTURE POSTS...
Four Million Dollar Monsters
These monsters will eat money if you are not careful...
INFLATION
DEPRECIATION
SPENDING
TAXES
INFLATION
DEPRECIATION
SPENDING
TAXES
Tuesday, November 9, 2010
The Seven Traits of Real Millionaires
Thomas J. Stanley and William D. Danko compiled many years of research on people who were millionaires. They found that all millionaires had these traits in common...
1. They live well below their needs.
2. They allocate their time, energy, and money efficiently, in ways conducive to building wealth.
3. They believe that financial independence is more important then displaying high social status.
4. Their parents did not provide them with economic outpatient care.
5. Their adult children are economically self-sufficient.
6. They are profiecient in targeting market opportunities.
7. They chose the right occupation.
-From The Millionaire Next Door
1. They live well below their needs.
2. They allocate their time, energy, and money efficiently, in ways conducive to building wealth.
3. They believe that financial independence is more important then displaying high social status.
4. Their parents did not provide them with economic outpatient care.
5. Their adult children are economically self-sufficient.
6. They are profiecient in targeting market opportunities.
7. They chose the right occupation.
-From The Millionaire Next Door
Monday, November 8, 2010
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