What makes Millionaires different
Ray Roman wrote a nice little article in his millionaire blog about what makes millionaires different.
There are 4 basic points
1. Educate yourself about money
2. Recognize opportunities to make money
3. Buy assets and not liabilities
4. Delay gratification
I completely agree with him on all four points, however I feel he’s left out two important
point.
5. Network with other successful people
Money and assets may come and go through the whims of lady luck, however the reservoir of contacts you build up during your lifetime can be a priceless commodity. I suggest reading Never Eat Alone by Keith Ferrazzi.
6. Share what you know and help others achieve the same level of success
Not only do you get to help others, but you never know who you’ll meet who can help you in future. What goes around definitely comes around!
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- How to become a millionaire I came across this article online somewhere. Decent advice. The Top 10 Steps To Becoming A MillionaireBy Dr Philip E. HumbertDecide to be financially successful. This is different than wishing, hoping, wanting or even desiring to be rich. Make a commitment that this is going to happen! Financial independence is......
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Gartman Gives Up On Commodities Today's guest post is by Brian McMorris of Get Wealth-Ed. This morning (Wednesday, August 6) I was stunned by comments from Dennis Gartman as I watched Squawkbox on CNBC. Dennis Gartman is one of the most vocal commodity bulls of our time. He has been on the long side of...... - Tax Benefits Of Passive Income Since this is tax season and this site is dedicated to earning passive income, I thought I should post something about the taxation of passive income. From the IRS's point of view passive income is any income that you get without having to to materially participate in. Examples of passive......
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October 8th, 2006 at 7:10 am
Good points and thanks for the tip on the book. Have to check it out.
March 27th, 2007 at 9:06 am
Great post, baby. You’re right on … the sooner joes and jills learn to delay gratification, help others to make good decisions with the dough and stay away from debt, the more moolah they’ll have. Thanks for spreading the word. Here’s looking at you, kid. http://www.debtective.com
May 8th, 2007 at 10:22 am
Solid post. Living by those major concepts over time works…
I will have to check the book out…looks like a good one.