SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?


To: Lars who wrote (3326)2/17/1999 12:46:00 AM
From: Lars  Respond to of 15132
 
*** Millionaire Next Door ***

The most frugal millionaires of all are the Used Vehicle Prone Shoppers. For every dollar of income they generate, they have $14 of net worth. They never earned incomes as high as other millionaires. They made compromises in terms of spending less and shopping more for consumer bargains. But they never compromised on fine schools for their children or on fine homes.



To: Lars who wrote (3326)2/17/1999 12:48:00 AM
From: Lars  Respond to of 15132
 
*** Millionaire Next Door ***

In nearly 95% of millionaire households, we find married couples. And more than 90% of these couples have at least one child.



To: Lars who wrote (3326)2/17/1999 12:56:00 AM
From: Lars  Respond to of 15132
 
*** Millionaire Next Door ***

Rule 2 For Affluent Parents and Productive Children

No matter how wealthy you are, teach your children discipline and frugality.



To: Lars who wrote (3326)2/22/1999 9:51:00 PM
From: Lars  Respond to of 15132
 
*** Millionaire Next Door ***

A good title for the types of businesses owned by the millionaire is "dull normal". From ambulance services to rice farming, these businesses have one thing in common: They are not high tech or very exciting. But often they do not attract a lot of competition.



To: Lars who wrote (3326)2/22/1999 9:54:00 PM
From: Lars  Respond to of 15132
 
*** Millionaire Next Door ***

There are approximately 3.5 million households in America with a net worth of $1million or more. Twenty percent of these affluent households are headed by a retiree. Of the remaining 80%, more than two-thirds are self-employed owners of businesses, including professional service organizations. The remaining one-third are employees.



To: Lars who wrote (3326)2/22/1999 9:55:00 PM
From: Lars  Read Replies (3) | Respond to of 15132
 
*** Millionaire Next Door ***

Rule 1 for becoming wealthy:

Live well below your means.