Comments on: How to Become a Millionaire – The Simple Truth http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/ personal finance tips, tricks, and commentary Mon, 13 Feb 2012 18:22:18 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Steve @ The Debt Solution http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-201242 Steve @ The Debt Solution Tue, 04 Jan 2011 15:40:35 +0000 http://www.fivecentnickel.com/?p=1781#comment-201242 I'm a multi-millionaire and I constantly think about making money. I don't really worry about the money I have because its very safe. I hear a lot of statements such as rich people don't buy new cars, big houses, etc. Some rich people don't buy new cars. I don't I purchase my vehicles from auctions. But some of my rich friends buy new cars and some of them lease cars. I have over 30 friends that earn millions a dollars per year and the only thing we really have in common is that we save our money and we own our own businesses. When we want to buy something we get it, but we understand that business comes first. It's too complex to just simply say don't buy this or don't buy that because Warren B said so! Every rich man/woman has their "Thing" that they overspend on. Some buy cars, boats, art, houses, etc. I’m a multi-millionaire and I constantly think about making money. I don’t really worry about the money I have because its very safe.

I hear a lot of statements such as rich people don’t buy new cars, big houses, etc.

Some rich people don’t buy new cars. I don’t I purchase my vehicles from auctions. But some of my rich friends buy new cars and some of them lease cars.

I have over 30 friends that earn millions a dollars per year and the only thing we really have in common is that we save our money and we own our own businesses.

When we want to buy something we get it, but we understand that business comes first.

It’s too complex to just simply say don’t buy this or don’t buy that because Warren B said so!

Every rich man/woman has their “Thing” that they overspend on. Some buy cars, boats, art, houses, etc.

]]> By: Brett | Investing Basics http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-195372 Brett | Investing Basics Tue, 07 Dec 2010 05:42:34 +0000 http://www.fivecentnickel.com/?p=1781#comment-195372 Really interesting thoughts. It's good to be reminded of things like this occasionally. Really interesting thoughts. It’s good to be reminded of things like this occasionally.

]]> By: Money Saving John http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-187192 Money Saving John Thu, 28 Oct 2010 14:13:06 +0000 http://www.fivecentnickel.com/?p=1781#comment-187192 So true. The key to wealth. So true. The key to wealth.

]]> By: Benjamin Bankruptcy http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-182012 Benjamin Bankruptcy Thu, 07 Oct 2010 02:35:41 +0000 http://www.fivecentnickel.com/?p=1781#comment-182012 Cute kid hope fully he won't feel to much societal pressure to keep up with the Jones's and upgrade his skate board and lunch box:) Cute kid hope fully he won’t feel to much societal pressure to keep up with the Jones’s and upgrade his skate board and lunch box:)

]]> By: Colombian Coffee http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-125561 Colombian Coffee Thu, 02 Oct 2008 16:39:58 +0000 http://www.fivecentnickel.com/?p=1781#comment-125561 I've always maintained the philosophy that in order to be good stewards of not only our money but the world's resources, we should all be buying "normal stuff" and in moderation. The more resources we use up, the less there is for others. Economy is based on demand. If we demand less stuff and extravagance and demand more charitable organizations, renewable resources, etc, the world would be a much better place. I’ve always maintained the philosophy that in order to be good stewards of not only our money but the world’s resources, we should all be buying “normal stuff” and in moderation. The more resources we use up, the less there is for others.

Economy is based on demand. If we demand less stuff and extravagance and demand more charitable organizations, renewable resources, etc, the world would be a much better place.

]]> By: Living Within Your Means http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-125045 Living Within Your Means Tue, 30 Sep 2008 00:33:30 +0000 http://www.fivecentnickel.com/?p=1781#comment-125045 It's too bad more adults don't pay attention to smart financial instincts like your kid does! Hm.. could be he's a future Warren Buffett in the making? It’s too bad more adults don’t pay attention to smart financial instincts like your kid does! Hm.. could be he’s a future Warren Buffett in the making?

]]> By: Budgets are Sexy. http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-124879 Budgets are Sexy. Mon, 29 Sep 2008 16:39:38 +0000 http://www.fivecentnickel.com/?p=1781#comment-124879 that is bad a$$. perhaps McCain can use him? that is bad a$$. perhaps McCain can use him?

]]> By: Blaine Moore http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-124840 Blaine Moore Mon, 29 Sep 2008 14:14:11 +0000 http://www.fivecentnickel.com/?p=1781#comment-124840 Heh, smart kid! I think he'll do well by himself once he leaves the house. Heh, smart kid! I think he’ll do well by himself once he leaves the house.

]]> By: Terry http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-124810 Terry Mon, 29 Sep 2008 11:31:04 +0000 http://www.fivecentnickel.com/?p=1781#comment-124810 If I *could* live below my means that would be a miracle. If I *could* live below my means that would be a miracle.

]]> By: Andee Sellman, One Sherpa http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-124809 Andee Sellman, One Sherpa Mon, 29 Sep 2008 11:18:12 +0000 http://www.fivecentnickel.com/?p=1781#comment-124809 Out of the mouth of babes comes some pretty amazing wisdom. My own son once asked me whether I thought it would be a good idea to have a debt / equity indicator on every car which I thought would certainly work out who owned the car rather than who was paying to drive it. But wait there's more... A couple of months later he asked whether there should be a debt / equity indicator on the letterbox of every house in our street to see who really owned the house or who was simply a part owner and paying lots of interest to the bank!!! I guess the moral of the story is to listen to our kids. They can always teach us something if we're prepared to listen!! Out of the mouth of babes comes some pretty amazing wisdom.
My own son once asked me whether I thought it would be a good idea to have a debt / equity indicator on every car which I thought would certainly work out who owned the car rather than who was paying to drive it.
But wait there’s more… A couple of months later he asked whether there should be a debt / equity indicator on the letterbox of every house in our street to see who really owned the house or who was simply a part owner and paying lots of interest to the bank!!!
I guess the moral of the story is to listen to our kids. They can always teach us something if we’re prepared to listen!!

]]> By: RDS http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-124807 RDS Mon, 29 Sep 2008 10:32:50 +0000 http://www.fivecentnickel.com/?p=1781#comment-124807 It just goes to show, while the principles of proper money management might be difficult for some to live by, there are pretty simple to understand. If you always live below your means, you should never need to worry about money. It just goes to show, while the principles of proper money management might be difficult for some to live by, there are pretty simple to understand. If you always live below your means, you should never need to worry about money.

]]> By: Terry http://www.fivecentnickel.com/2008/09/29/how-to-get-rich-become-a-millionaire/comment-page-1/#comment-124806 Terry Mon, 29 Sep 2008 10:23:38 +0000 http://www.fivecentnickel.com/?p=1781#comment-124806 Wow, that is one astute and precocious kid. Wow, that is one astute and precocious kid.

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