Skip to comments.7 Millionaire Myths
Posted on 08/15/2010 2:55:20 PM PDT by prisoner6
We all have are preconceptions about millionaires: they're tax evaders who just inherited their money from rich Aunt Flo, and they hang around the golf course all day with their snobby, elitist friends. So what's the average millionaire really like? Here are seven millionaire myths, and the real facts about the ones who seem to have it all.
(Excerpt) Read more at finance.yahoo.com ...
WOWSERS! Any pics?
Great Escape was just on some cable channel - I usually don't watch TV.
Made an exception for the part where he tries to jump the fence into Switzerland.
Did his own stunt IIRC.
Don't have a lot of money but we are happy as clams. Well, you know... except for the State of the Republic and making the bills!
FWIW one of the principles I've tried to live by and instill into our three kids.
The measure of a man isn't the amount of money he makes.
It isn't how he speaks, or how he is thought of in his community.
The measure of a man is his ability to take his God given strengths and use them to provide for his family, help his neighbors, take care of himself and thank his Creator.
I've tried to live by that and failed often, but my family is still here despite all tribulations.
We are enjoying Life.
CUZ!! Exactly what I do...except for the millionaire part!
Yup. American punctuation: periods, commas inside. Brits: out.
Well, yes, there’s that.
I was speaking strictly in financial terms, on topic with the article.
actually Ford was organized by the UAW in 1941
Well, you did say “politicians”. The successful politicians I have known have been great. Their familes even greater. The come-n-gone politicians have been nasty people. I’ve worked with politicians at the lower levels of government and they were just plain nasty people; hence, they never made it to the majors.
Eye use spill chick and all most never half a miss spelled word.
In Stanley’s book that the article referneces (”The Millionaire Next Door”), he answers the obvious question “OK, so if millioaires aren’t driving Benz’s and BMW’s, who is?”
The answer is “people in hock up to their ears.” Stanley identified the unsustainable consumption of a large cohort of people quite some time ago.
I recommend everyone read “The Millionaire Next Door” and “The millionair Mind.” They are both veey revealing.
My wife drives a shiny silver Mercedes E320. It’s a 1998, with a resale value about $4000 these days.
It’s funny that guys that drive $30,000 trucks will cut her off due to presumed wealth resentment.
“Its funny that guys that drive $30,000 trucks will cut her off due to presumed wealth resentment.”
Are you sure it’s not because she drives like grandma?
“And believe it or not, that wasn’t the most hilarious thing he ever did. There was one thing that, to this day, was one of the funniest things I’ve ever seen or heard of.”
And, what would the funniest thing be?
Are you sure its not because she drives like grandma?
We'll call the millionaire, "John."
Some 27 years before this story happens, John hires a Mexican - we'll call "Carlos" - as a lumberjack, or something. Over the years, Carlos proves himself to be a devoted, honest, hard-working man who John comes to rely on more and more. By 20 years into their working relationship, Carlos is a trusted right-hand and - more importantly - has become a good friend to John.
John decides to amend his will so that when he dies, Carlos will inherit a third of the lumber business.
Johns ne'er-do-well children catch wind of this and are outraged. They proceed to make an agreement and draw up paperwork so that when their father dies and the will is executed, they'll immediately force Carlos out and take over his portion of the business.
John catches wind of this and goes ballistic, mentioning to my mother - some time later - that he's "taken care of it."
But he refuses to say what he's done, for fear of his children finding out.
A few years later, he dies and at the reading of the will, his "problem solved" is revealed: he secretly adopted Carlos, left 50% of the company to him and the rest to his biological children.
"John" was a terrific guy....I was saddened when he was gone.
Great story, thanks for sharing it!
Except Brits don't use periods; they have some fangled foolery called a full stop...as if there were such a thing as a half stop!
Of course, they have also frittered away a couple of centuries trying to make "Zed" rhyme with "A-B-C...". It still clunks at the end.
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