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Watch “To Write a Best-selling Business Book, Hold Nothi…” on YouTube

Its hard to believe that last week heralded our last chapter of our group reading.  One lesson I distinctly remember Dr. Stanley highlighting was the importance of finding your niche.   Throughout the various chapters, there were profiles of entrepreneurs as well as character studies of employees.  I believe these contrasts were necessary additions to this book because it emphasizes that it isn’t the occupation that matters, it’s your character and self discipline.

Finding your niche is often a testament to hardwork and preparation.  Sometimes it is just dumb luck that we set out to do one thing and end up with an unexpected but welcome surprise.  My surprise occurred when I chose the shortest checkout line at my local grocery store.  Who could predict that my basket of four items and only one person ahead of me would result in several price checks.  Each check left me with a few minutes to catch up on my reading.  It was during one of these checks that I came across an article depicting the five steps to writing a best seller and a subsequent vlog. 

This was great timing as I was searching for a resource such as the one I am sharing today.  For those of us who believe there is a story inside of us waiting to escape, this week’s link is for you.

To Write a Best-selling Business Book, Hold Nothi…: http://youtu.be/2GHDsxa7PkE

Til next time,
“Let him who would move the world first move himself.” – Socrates

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Recommendation of the Month · The Millionaire Next Door

Millionaire Monday: The Final Chapter

Today marks the end of our joint reading of The Millionaire Next Door.  It feels like it was yesterday when we began this journey together.  It is your support and likes that have motivated me to search the text for material with the most universal appeal to different readers

Along the way I have learned valuable lessons about myself as well as identified areas for improvement.   My most poignant reminder through this reading is to display the financial behavior I want my children to emulate and to resist the impulse to give them material gifts.

It’s a bittersweet moment as I post these last questions for reflection.  If you have enjoyed this reading and would like to suggest a title for our next joint reading, please let me know.  Until then,  here is the final chapter.

1.  Why are the self employed more likely to be millionaires millionaires than those who work for others?

2. TRUE or FALSE  Most people/business owners who make it big follow the rules. 

3.  What path should you encourage your college aged children to pursue,  entrepreneurship or continuing education?   Defend why this is a good option for your child.  Identify resources that can assist them and you?

4.  The authors list uncontrollable factors within business.  What are the uncontrollable factors in your life and what can you do to address them?

5.   What advice did the Holocaust survivor give his adult children?

6.  What is the definition of success profiled in the chapter?

7.  Courage is ____?

8.  How do entrepreneurs conquer fear?

Til next time,
“There are three ingredients in the good life: learning, earning and yearning”  Christopher Morley

Recommendation of the Month · The Millionaire Next Door

Millionaire Next Door: Find Your Niche

Happy Millionaire Monday!

This week brings us one step closer to the end of our journey through the Millionaire Next Door.  While this book was written years prior to this review, many of the principles remain current and applicable today.  In fact, this week’s chapter is more relevant than ever because of the abundance of opportunities available to those who will take the time to pursue their own development.

Technology makes it possible for anyone to find their niche.  Not just find one, but to create a niche.  It only requires designated time for research and implementation.  Creating a niche is no longer an impossible opportunity which requires luck.  A niche can be created with a smartphone, tablet, or a laptop computer. 

Take a moment and ask yourself two questions:
1.  What is your niche? 
2.  Is it creating wealth for your family?

As you ponder the answer to those questions, Indicated below are this week’s questions for reflection.  Hope you find them empowering.

1.  Why are you not wealthy?

2.  The authors indicated which populations as target areas for business opportunities?

3.  True   or    False      If my clients have little to no money then I can become wealthy.

4.  Rodeo Drive houses many consumer driven businesses which cater to the affluent.  Using this location as an example, who are the other recipients of the affluent’s spending?

5.  This chapter highlights the factors the affluent consider when choosing the professionals profiled.  Which characteristics can you identify with?  How can you incorporate this knowledge into your life? 

6.  True or False   People who are interested in targeting the wealthy need to know the geographic distribution of opportunities.  What tools are available for this task?

One more chapter and we must say good bye to this insightful book BUT not the lessons we have learned.  If you have any suggestions for our next read, please let me know.  Don’t forget it must be a book that allows us to meet our goals of Motivate, Inspire, Dream & Achieve.

Til next time,
Success often comes to those who have the aptitude to see way down the road – Laing Burns, Jr

Recommendation of the Month · The Millionaire Next Door

Millionaire Monday: Affirmative Action, Family Style

How quickly Millionaire Monday arrives.  I have a confession to make, it took me a little while before I could relate to this chapter.  After reviewing the first few pages a second time, I realized that this chapter can easily be relevant to all adult children.  While the affluent are the subject of the research study, the title of this chapter clearly demonstrated that affirmative action is something all families dish out when their is a perceived need. 

I found myself conjuring up images of people in the news who fit each one of the examples profiled.  This practice made Chapter 6 more personable.  I especially loved the Ten Rules for Affluent Parents and Productive Children.  Dr. North’s gift from his children reminded me so much of a gift my kids might put together for us.  I also identified with rule 10, tell your children that there are a lot of things more valuable than money.  These are lessons, I want to impart to my children.  These are my favorites, what was yours?

Questions for Reflection:
1.  What do affluent parents communicate to their daughters?  What are you communicating to your sons?  your daughters?

2.  What has been communicated to Beth and her husband?  What has Ann & her husband learned from Beth?

3.  What are three words to describe Cinderella Sarah?

4.  How does Sarah define maturity?

5.  How does Mr. Ring give gifts?

6.  What did Dr. North teach his children?  How did Dr. North teach his children?

7.  Why doesn’t Dr. North give cash gifts?  How will this impact your gift giving in the future?

8.  What did Ken’s father teach him?  Do you agree with Ken’s father?  What lessons are you teaching those around you?

9.  What did Ken learn as a busboy?

10.  List four things we should tell our children are more valuable than money?

Til next time,
Everyone wants to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down – Oprah Winfrey

Recommendation of the Month · The Millionaire Next Door

Millionaire Monday: Economic Outpatient Care

Millionaire Monday is here again.  I never thought this series would last as long as it has and I have each of you to thank for demonstrating your interest in this subject.  This week’s chapter was a little harder for me to get through because I couldn’t empathize with the topic but the more I read, the more reality creeped in.  I realized that most of us demonstrate acts of Economic Outpatient Care at least one time in our lifetime.

It is the frequency associated with the delivery of Economic Outpatient Care that gets our loved ones into trouble.  When I selected this book, my original plan was to post six questions a week but each chapter has proven to hold much more information that I feel needs to be shared.  Thus, without further ado – This week’s questions for self-reflection.

1.  What is Economic Outpatient Care (EOC)?

2.  According to the author, how is the affluent population defined?

3.  Why do older individuals increase their EOC?

4.  What can you learn from Mary & Lamar?

5.  What happens to adults who sit around waiting for their next dose of EOC?

6.  What did the author indicate as the single most factor contributing to low productivity?

7.  What is the value you place on private education?  Luxury automobiles? Foreign travel?  Lovely home?

8.  True or False Gift receivers frequently are overachievers in generating income.

9.  Describe the “Montage Effect.”

10.  How do adult children of the affuent become PAWS?

11.  Describe Beryl & Susan’s upbringing?

12.  What is the fundamental rule regarding wealth building?

13.  Are you more like Henry or Josh?  Are you happy with this similarity?

14.  What is the best thing you can teach your children?

15.  What is Economic Inpatient Care (EIC)?

16.  What are the characteristics profiled regarding successful business owners?

17.  Taking _______ _______ is evidence of courage.

18.  How do we instill courage in our children?

19.  What does contributed to Laura’s success?

Til next time,
“Only the wisest and stupidest of men never change” – Confucius