1 / 10

The Millionaire next Door

The Millionaire next Door. Presented By: Tyler Burke. Book Main points. Wealthy rarely are millionaires- “Hyper consumer lifestyle”. Actual millionaires live a very simple lifestyle . “Financial offense and defense ”. What makes Millionaires special?.

darcie
Download Presentation

The Millionaire next Door

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Millionaire next Door Presented By: Tyler Burke

  2. Book Main points • Wealthy rarely are millionaires- “Hyper consumer lifestyle”. • Actual millionaires live a very simple lifestyle. • “Financial offense and defense”.

  3. What makes Millionaires special? • 80% of America’s Millionaires are 1st Generation rich. Wealth is not usually inherited. • High Income + Frugality = Millionaire

  4. How can I accumulate money? • Millionaire’s budget. • They spend less time on purchasing luxury items. • Seven Common Denominators of Successful people. ( In depth now)

  5. Questions to ask yourself • Am I now preparing myself for future financial decisions? • Do you know how much your family spends each year on food, clothing, and shelter? • Do you have a set of daily, weekly, monthly, annual, and or lifetime goals?

  6. You are Not what you spend! • "They believe that financial independence is more important than displaying high social status." • 40-46) One earns to spend. When you need to spend more, you need to earn more. (52) • It's much easier in America to earn a lot than it is to accumulate

  7. Parenting as a Millionaire • “The more dollars adult children receive, the fewer dollars they accumulate, while those who are given fewer dollars accumulate more. (168)” • Rules for Parents and Productive Children (203-209)

  8. Career Ideas? • “They choose the right occupation." Who are the affluent? A portion is retired, a large portion of the remainder are self-employed professionals or business-owners are the affluent.

  9. Personal Impact • Education • Credit Cards • Future Loans on Home, Car, or School.

  10. Bibliography • All clip art is from Microsoft 2010 • Good Reads. "The Millionaire Next Door Quotes." Thomas J. Stanley Webpage. Good Reads 2013 Inc., 12 Jan. 2012. Web. 02 Jan. 2013. • Staley, Thomas. The Millionaire Next Door. New York: Taylor Trade, 1996. Print.

More Related