"Wealth is more often the result of a lifestyle of hard work, perseverance, planning, and most of all, self-discipline."
"Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be."
"It's easy for Dr. South to say he wants to accumulate wealth, but his actions speak much louder than his words."
"What types of motor vehicles do millionaires drive?... 1. Ford. The most popular models include the F-150 pickup and the Explorer sports utility vehicle."
"Whatever your income, always live below your means."
"Yet many parents still think that their wealth can automatically transform their children into economically productive adults. They are wrong. Discipline and initiative can't be purchased like automobiles or clothing off a rack."
"Courage can be developed. But it cannot be nurtured in an environment that eliminates all risks, all difficulty, all dangers."
"Those who attempt to shelter their children from every conceivable germ in our society... never really inoculated them from fear, worry, and the feeling of dependency. Not at all."
"I am in control of my own destiny.
Risk is working for a ruthless employer.
I can solve any problem.
The only way to become a CEO is to own the company.
There are no limits on the amount of income I can make.
I get stronger and wiser every day by facing risk and adversity."
"Who has less fear and worry? ...Typically, it's the entrepreneur, the person who deals with risk every day, who tests his or her courage every day. In this way he learns to conquer fear."
There are some good quotes in there! But that doesn't include,
ReplyDelete"I am in control of my own destiny.
Risk is working for a ruthless employer.
I can solve any problem.
The only way to become a CEO is to own the company."
Those are scary from a Christian worldview.
I can see where, taken out of context, this quote could threaten a Calvinist worldview. The way I understand the book, we are given license by God to manage the resources He has given us (finances, influence, skills, and time). We can do that with resolve or with apathy.
ReplyDeleteThis quote is specifically a list of sayings that businessmen say to themselves to reduce risk, or their perception of risk. For a Christian, you could either append "With God's help..." to each line or read it with the understanding that we do all things through Christ and for Him.
Read this book about a month ago. Have you read Stop Acting Rich and Start Living Like a Real Millionaire? It is more of the same, but from a much updated viewpoint. It is way more focused on lifestyle changes and assuming that the probability of becoming income affluent is orders of magnitude less than the probability of a person becoming Balance Sheet affluent.
ReplyDelete