Book Club #2

 Book #2 for the year:

The 5 Lessons a Millionaire Taught Me

It was probably around page 2 that I realized, there's good stuff in this book!  So of course, I whipped out my highlighter and started marking up all the things I want to remember.  Here's a handful of quotes and information that got hilighted.

-The day will come when you must make a decision: will you be one who helps others or one who looks to others for help?  You can be part of the problem or part of the solution.

-Wealth is less a matter of circumstance than it is a matter of knowledge and choice.

-Those who don't think about their teeth are those who later in life spend the most time thinking about them.  It's no different with money.

-The most obsessed with money are the ones who are living paycheck to paycheck.  To the financially enslaved, life becomes all about money.

-To be in great fiscal health is very much like being in great physical health: it allows you to do more and be more, and it permits you to live your life free of constant pain and bondage.

-When you no longer have to think about money, then you are truly wealthy.

-There is something remarkably powerful about commitment.  Once we decide to have something, the mind unconsciously begins to create the reality necessary to bring to pass what we desire.

-Money makes a good servant, but a bad master.

-Know where your money comes from, it will clarify how your time is best used to increase your income.  Sometimes what might take 30-40% of your time actually only brings in less than 1% of your income.  

-Ongoing income covers ongoing expenditures, one time money pays for one time expenditures.

-You find what you are looking for.  When you start looking for ways to increase your income, you will discover that there are opportunities all around you that you have never thought of or noticed.

-Opportunity is a haughty Goddess who wastes not her time with the unprepared.

-I would never have been lucky had I not been looking for ways to increase my earning ability.

-Millionaire Mentality includes carefully considering each expenditure, believes that freedom and power are better than momentary pleasure, does not equate spending with happiness, and protects the nest egg.

-7 simple words "Is that the best you can do?"  (winning in the margins means pushing the limit to see just how low you can purchase-esp. on the big ticket items)

-Is this expenditure contributing to my wealth or taking from it?

-Is this an impulse purchase or a planned purchase?  Buy what you mean to buy.

-There are those who earn interest and those who pay it.  "But I deserve it....."