dougboettcher.blogspot.com
Doug Boettcher's Blog: Who Wants To Be A Millionaire?
http://dougboettcher.blogspot.com/2007/12/who-wants-to-be-millionaire.html
Monday, December 10, 2007. Who Wants To Be A Millionaire? Let me tell you who the Millionaires are. There are basically five ways people become a Millionaire in America - a first generation Millionaire. Unless your last name is Gates, Walton, Rockefeller, Kennedy, Hilton or something like that or if you don't have a trust fund that has you set up for the rest of your life just because you were born, you've got to do something to make it happen. Now, instead of being content with one rental, you could mak...
dougboettcher.blogspot.com
Doug Boettcher's Blog: December 2007
http://dougboettcher.blogspot.com/2007_12_01_archive.html
Tuesday, December 18, 2007. Taking Your First Steps With Confidence. About 10 years ago, I started speaking at an annual Millionaire's conference. I soon discovered that I was usually the only speaker at that conference who hadn't gone bankrupt. Everyone who spoke had been bankrupt at least once. Accountants won't help you with that. Accountants take the numbers you give them and put them in a little box and then they compute what the end result is - and that's what you pay. They don't give you f...I was...
dougboettcher.blogspot.com
Doug Boettcher's Blog: Who Wants To Be A Millionaire? Part 4
http://dougboettcher.blogspot.com/2007/12/who-wants-to-be-millionaire-part-4.html
Sunday, December 16, 2007. Who Wants To Be A Millionaire? The fourth major source of self-made Millionaires in America are sales people and sales consultants. Five percent of self-made Millionaires are sales people at the top of their field. So, those four groups account for 99% of all self-made Millionaires in America. The remaining 1% comprise the fifth category, which is everything else (e.g. lottery winners, legal settlements, professional sports players, rock stars, celebrities, etc.). I found a goo...
dougboettcher.blogspot.com
Doug Boettcher's Blog: Statistics and Stereotypes
http://dougboettcher.blogspot.com/2007/12/statistics-and-stereotypes.html
Friday, December 7, 2007. Eighty percent of self-made millionaires in America started with nothing. Of those self-made millionaires, 80% of their kids blow the fortune. So, just looking at two generations of millionaires - one that started with nothing, became a millionaire, handed it off to their children, and they blew it. So where we start really isn't that important. The stereotype tells us what will happen to most people in a group, but it might not be accurate for any given individual. You foll...
dougboettcher.blogspot.com
Doug Boettcher's Blog: Guidelines for "Lottery" Winners
http://dougboettcher.blogspot.com/2007/12/guidelines-for-lottery-winners.html
Tuesday, December 4, 2007. Guidelines for "Lottery" Winners. Have you ever won the Lottery, sold your business, won the Big Jackpot, or received an unexpected inheritance? These situations have one thing in common for most people - they are unprepared for the windfall. They don't know what to do with the money. Nothing wrong with doing those things. But, what trips up most "winners" is their timing - its "when" they do it that's the problem. Choosing the wrong "when" is what gets them into trouble. So, d...
dougboettcher.blogspot.com
Doug Boettcher's Blog: Taking Your First Steps With Confidence
http://dougboettcher.blogspot.com/2007/12/taking-your-first-steps-with-confidence.html
Tuesday, December 18, 2007. Taking Your First Steps With Confidence. About 10 years ago, I started speaking at an annual Millionaire's conference. I soon discovered that I was usually the only speaker at that conference who hadn't gone bankrupt. Everyone who spoke had been bankrupt at least once. Accountants won't help you with that. Accountants take the numbers you give them and put them in a little box and then they compute what the end result is - and that's what you pay. They don't give you f...Who W...
dougboettcher.blogspot.com
Doug Boettcher's Blog: Who Wants To Be A Millionaire? Part 2
http://dougboettcher.blogspot.com/2007/12/who-wants-to-be-millionaire-part-2.html
Tuesday, December 11, 2007. Who Wants To Be A Millionaire? The second major source of self-made Millionaires is Senior Executives. Fully 10% of self-made Millionaires in America are men and women who joined large corporations, worked in them for many years, worked hard and rose to the top with their seniority, stock options and profit-sharing. And be faithful. That's something very difficult to do in America. The standards are so low. In my lifetime, I have watched the standard of the America...Michael E...
dougboettcher.blogspot.com
Doug Boettcher's Blog: The Most Powerful Force In The Universe
http://dougboettcher.blogspot.com/2007/12/most-powerful-force-in-universe.html
Monday, December 3, 2007. The Most Powerful Force In The Universe. When I was a kid, my father worked at International Harvester. They were laying everybody off in the late '70s and those were the best jobs I knew of. I can remember thinking - "How am I ever going to have money to buy a house or a car? I'm 16. In two years I'm going to be on my own - I'm going to be an adult.". The economy's bad - people laid off and all that kind of stuff? In the book " The Richest Man In Babylon. Albert Einstein is rep...
dougboettcher.blogspot.com
Doug Boettcher's Blog: Who Wants To Be A Millionaire? Part 3
http://dougboettcher.blogspot.com/2007/12/who-wants-to-be-millionaire-part-3.html
Friday, December 14, 2007. Who Wants To Be A Millionaire? The third major source of self-made Millionaires in America is doctors, lawyers and other professionals. People who went to school for a long time, paid a lot of tuition and probably took out a lot of student loans. Around 5% of the self-made Millionaires in America come from this group. Back then, something like 38,000 lawyers were passing their bar exams every year and there were only about 15,000 jobs openings available to them. That's why ...
dougboettcher.blogspot.com
Doug Boettcher's Blog: October 2007
http://dougboettcher.blogspot.com/2007_10_01_archive.html
Wednesday, October 31, 2007. Making Money Is Like Loosing Weight. Making money is kind of like losing weight. It’s simple, but it’s hard. I mean, it’s real simple. It's not fun. It's not glamorous. There are no magic bullets. How do you lose weight? You consume fewer calories than you "spend". Do that, and you won't get fat. That’s also how you get out of debt – you spend less money than you make. It's so simple. But you can find volumes and volumes of books about it. Your Insurance Premiums ARE too high.
