Happy Monday.  I hope you have had and/or having a prosperous beginning of the week.  As I reviewed this chapter for the second time in preparation for this post, it occurred to me that many of the lessons we have read are truly common sense lessons.  Here are a few of my favorite common sense lessons thus far:
1.  If you don’t have the money, don’t spend it.
2.  Pay yourself first.
3.  A penny saved is a dollar earned.
4.  We can always find money for that last minute splurge but can never find money to save.
5.  Budgets and tracking our spending are wealth building practices.
6.  Frugal is not a bad word.

The most striking realization I have experienced in my readings, is that isn’t the knowledge that is holding us back.  It is the execution because of our lack of self-discipline.  That realization led me to finally pick my one word of the year – DISCIPLINE.  But more on that later.

Without further delay, here are the questions of the week. 

1.  What s a super-PAW?

2.  Why is Mr. Allen financially independent?

3.  What is Mr. Allen’s view on money?

4.  What is a threat to a highly efficient lifestyle?

5.  According to this study of millionaires, how much do millionaires pay for their vehicles?  How much did you pay for your vehicle? What percentage of your net income is the total cost of your last car purchase?

6. Since your household is your business, what impact has purchasing motor vehicles had on your bottom line?

7.  There are 4 distinct vehicle buyer types profiled, which one closely resembles you at this moment?  Which one would you like to become?  If different, why?

8.  True of False   Used vehicle-prone dealer shoppers are the least aggressive of all profiled.

9.  What can one learn about affluent people by analyzing their vehicle buying habits?

10.  Which vehicle type purchaser is the most illuminating for studying the path to affluence?  Why?

11.  What factors explain variations in wealth accumulation?

12.  What are the beliefs that were associated as being behind frugal behavior?

13.  What does the parable of the seeds teach us about money?

14.  How did Dr. Bill become a millionaire?  What does he teach us about wealth & entrepreneurship?

15.  _____ offense & poor ____ translate into ___ accumulation of wealth.

16.  What should Gary & Mr. Norman know about motor vehicles purchases?

I know I posted more questions than the norm this week but this chapter just called to me to emulate the car ads we see on TV and hear on the Radio.  Their Ad:  Come see us and we can put you in a car!  My Ad:  Save $ & Practice Frugality and you won’t need the dealer’s manipulations to buy the car of your choice.  In other words, just because they tell you it is a deal, it likely isn’t.  Next to shelters cars are that one expense that some of us are required to make. 

As I prepare to end this post, I wonder – What are your top common sense lessons in the readings so far?

Til next time,
“If you do not change direction, you may end up where you are heading” – Lao Tzu

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