Thursday, January 14, 2010

Some of my favorite Millionaire quotes...

These are some of my favorite quotes from the book The 5 Lessons A Millionaire Taught Me - About Life and Wealth; by Richard Paul Evans. This book was recommended reading by our financial planner several years ago, and I've referred to it often throughout the years, just re-reading some of my favorite points. So, I thought I'd share some of them with you here in no particular order, and encourage you to read the whole book. Enjoy!

"Life isn't about money. It's about God. It's about love. It's about family and relationships."

"To the financially enslaved, life becomes all about money."

"... today's millionaires are remarkably frugal and careful with their money."

"Most people you see trying to look wealthy are doing just that. An expensive car or home does not make one wealthy. In fact, the inverse is more likely true."

"Taking control of your money begins with taking responsibility for it. That means knowing how much you have, where it is coming from, where it is going, and what it's doing in the meantime."

"It's a matter of personal stewardship." Learning where your money is going is the most
important step to gaining control of your finances."

"Work the day job, he said, (quoting from an unnamed Chinese Billionaire). "Get insurance and benefits and stability for your family. You owe them that. But always be looking for the side way to earn. That's where you'll find wealth." (In other words, always be looking for how to make extra money on the side. This could be a second part-time job, starting a small business than can be worked around your schedule, or beginning a home-based business. This is what Todd and I did for years before starting our own business, he worked nights and weekends doing side jobs, while working full-time for someone else who provided us with insurance and retirement, and those things for stability, until we had what we needed to go out on our own. This whole process probably took us 5 years or so. It wasn't the most fun 5 years, but it got the job done!)

Mind-Set One:
The Millionaire Mentality Carefully Considers Each Expenditure
There are 3 questions that the successful wealth builder asks himself before he spends his money.
  1. Is this expenditure really necessary? (Or is it possible to get the same personal effect without using money or using less of it?) "The seven golden words: "Is that the best you can do?" ... Of all the advice in this book, the seven golden words are likely to provide you the most immediate and surprising success.

Stay Tuned More mind sets to come tomorrow. You can order this book online through

Learning along with you and abiding in His grace to lead me through,


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