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Networking with MillionairesPosted on November 3rd, 2011
If becoming wealthy was just about hard work, most Americans would be millionaires. For example, when I first met Nelson he was working "very hard" as a marketer of asset management services. He had over 100 clients but not one of them was wealthy. He was on the verge of being let go by his employer because of lack of productivity. He was unfocused in his approach. But like all great sales professionals he had courage and tenacity. In fact, even though he was not invited, he had the audacity to crash a seminar where I was speaking. After the program was over,...
Assurance and Insurance at the Daytona 500Posted on February 17th, 2011
Too bad I won't be able to make it to the Daytona 500 this year. Now, according to The Wall Street Journal, "Daytona International Speedway has eased its cooler policy, letting fans bring in as many as 36 cans of beer rather than just a six-pack." If I could go it would be for a reason beyond watching an exciting race or the more lenient cooler policy. I would have a chance to catch up with an old friend and key informant, John Gorsline. I first profiled John and his extraordinary way of doing business in Networking with the Affluent and Their Advisors. "He...
Be an Advocate for The Millionaire Next DoorPosted on February 1st, 2011
Have you ever considered becoming an advocate for the causes of your clients and prospective clients? This is what Jason, a financial consultant, does all the time. He has great sensitivity to the needs and problems of others. I would like to share one of his experiences with you. Jason is a community volunteer who is actively involved with fund raising and leadership for many recreational sports and other service institutions. He often worked with another volunteer, Bill, who is the owner of a local meat-packing company that distributes in three states. Bill's company was especially generous in subsidizing the expenses related to a variety of youth activities....
A Doctor in NeedPosted on October 7th, 2010
I recently received an e-mail from a physician of the Income Statement Affluent variety (high income/low net worth). In it he laments about the difficulty in transforming himself into a Balance Sheet Affluent millionaire. I have all the basics to live frugally; I just have not done so because I have been caught up with my status. Until your latest book, Stop Acting Rich, which is my 3rd installment, clearly I must have forgotten from reading The Millionaire Next Door and The Millionaire Mind. He wants to know how he can invest his money to the fullest, what cars he should...
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