Millionaire Monday Part 1

Welcome to Millionaire Monday.   My weekly post regarding May’s Recommendation of The Month, The Millionaire Next Door.

I wanted to do a quick recap as to why this book resonates with me.  Oftentimes I have heard myself and others say, if only I had the money I could….  This statement indicates that I am allowing my perceived lack of money from keeping me from pursuing my dreams.  It’s not a true obstacle but its a true statement of F.E.A.R (False Evidence Appearing Real).

That’s what this book is, it is a reflection that the thing we think is holding us back is really ourselves.  So as promised, here are the first few questions from the Introduction to the Millionaire Next Door. 

Questions for Reflection:
1.  Dr. Stanley writes, “Many people who have a great deal of wealth do not even live in upscale neighborhoods.”  What was your first impression when you read this statement?

2.  How do you define wealth? How does your definition compare to the author’s definition?

3.  Wealth is more often the result of a lifestyle of _______, _____, ____, and most of all self-discipline. 
a.  Do you possess these qualities?
b.  What in your life would need to change in order to obtain and practice these traits?

4.  Are you a good income earner? 
a.  What steps would you need to implement in order for you to become a good income earner?

5. Are you living paycheck to paycheck? 
a.  What has contributed to this practice of living paycheck to paycheck? 
b.  What steps would you need to implement in order to break this cycle?

Til next time,
“Do not do to others what angers you if done to you by others.” – Socrates