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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (4115)	3/27/1999 1:43:00 PM
From: Demosthenes	Read Replies (1) \| Respond to of 15132

Hi Gang, I posted a few comments on UTEK over on that thread. Can someone give me directions to a radio station on the net that will have a delayed broadcast (4-7 PT) of todays Moneytalk? The help is appreciated. Thanks and rgds, D

To: Investor2 who wrote (4115)	3/28/1999 1:51:00 PM
From: Lars	Respond to of 15132

* Millionaire Next Door * What is it if it earns $80,000, $100,000, $200,000 or more a year and spends it all? It is not a millionaire! It may look upscale, drive upscale, dwell upscale, work upscale. It may have high occupational prestige. But it is definitely not financially independent. It is a financially dependent under accumulator of wealth.

To: Investor2 who wrote (4115)	3/28/1999 1:53:00 PM
From: Lars	Respond to of 15132

* Millionaire Next Door * Don't overemphasize the importance of material goods. It is much easier to own them than to graduate with honors from college, for instance. And, they are not necessary for achieving financial independence.

To: Investor2 who wrote (4115)	3/28/1999 1:56:00 PM
From: Lars	Respond to of 15132

* Millionaire Next Door * Let's say that Mrs. Rule decides to give up putting together a detailed budget each year. But she still wants to control spending. How can she accomplish this? By creating an environment of scarcity. Her annual income is around $90,000. She takes 15% or $13,500 out of this and invests it. Now her household is conditioned, even if artificially, to live on an "annual income" of only $76,500.