The Millionaire Next Door

Lessons Learned

Self-employed: Working for Yourself or Your Creditors?

Davis is a millionaire business owner. Earlier in his career he was asked “where do you do your business banking?”  He responded, “I bank at the bank of abuse.”  It seems that Davis encountered an ever occurring change in loan officers who were constantly condescending and aloof.  And no matter how often he repaid his …

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Use Your Creative Intellect Wisely

As I stated in The Millionaire Mind, Integrity is a part of life’s curriculum.  It is a pass/fail course.  If you lack integrity, most millionaires will tell you that will not and should not graduate to economic success.  The millionaires surveyed became rich without compromising their integrity.  In fact, they credit their integrity with significantly …

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Critics Necessary to Weed Out Those Who Lack Courage and Resolve

Roy is about to transition from being an employee to a self employed business owner.  He has many of the characteristics which are important for succeeding in business.  He is very knowledgeable in his field, he is well-disciplined, he has excellent work habits, and he has a stellar credit rating.  He and his family live well …

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The Spirit of Valentine’s Day All Year Long

My research over the past three decades indicates that one’s home environment has much to do with the overall success of people whether in terms of accumulating wealth, being a leader, building one’s own business, or even overcoming great adversity.  As just one example, of the 944 millionaires surveyed nationally for Stop Acting Rich, those …

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Winners Are Not Discouraged by Impediments, Disabilities or Early Failures

In an earlier blog I profiled Malcolm who spoke with a severe stutter.  After graduating from college, he searched for a job in sales.  Malcolm’s first 18 interviews resulted in 18 rejection letters; yet he was not discouraged.  His mother told him to view each rejection as one step closer to finding a job which he eventually …

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Happy People Count Their Current and Future Blessings

David, a straight “A” undergraduate student of mine, once invited me over to his apartment for his wife’s “famous Sunday chili dinner.”  While driving to his apartment, I realized that they lived in what could be called the “poor side” or “industrial” part of town.  He and his wife, both 23, had two small children.  David was the …

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Foundation for Cultivating Wealth Begins in College

Think of America’s workforce distributed along a continuum.  At one end you have hunters and gathers (those who must work everyday because they have no wealth).  At the other end, you have cultivators of wealth (those who stockpile income and inventory their productivity).  But it is not just about investing.  Those who are extreme cultivators …

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Opportunities to Prosper in Land of the Free

In the Declaration of Independence Thomas Jefferson succinctly specifies the rights of individuals: We hold these truths to be self evident, that all men are created equal, that they are endowed by their Creator with unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.  We as Americans have in essence been given …

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Key Millionaire Factor: A Supportive Spouse

In the course of conducting research for The Millionaire Mind, the topic of “choice of spouse” was highlighted.  One of the respondents, a decamillionaire and senior corporate executive, spoke of the importance his wife had played in his success.  He recounted, “the joy of being married to an unselfish, intelligent and nurturing spouse.”  After two years …

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