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Monday, 02.06.2012 |
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| Stop Acting Rich... And Start Living Like a Real Millionaire |
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Product Details
Notes
similar to his past books
live within your means
the glittering rich are defined as:
annual realized household income over $2M
net worth in excess of $20M
live in a home valued at over $2M ($3M in California)
only 3% of American households earn more than $200k annually
the glittering rich spend a lot, but still well within their means
the aspirationals spend beyond their means
they buy the same status symbols that the truly wealthy own
but they can't afford to buy these things
a millionaire has investments worth $1M or more
enhanced millionaires have an augmented net worth
they include real estate appreciation
but after the crash, they aren't millionaires anymore
so you can only include liquid assets, not your primary home
you might think that buying nice things makes you happier
but statistically, it doesn't
buying stuff you can't afford eventually makes you unhappy
because you stress about payments and trying to keep up
so in fact, if you want to be happy, you should live within your means
that's what most millionaires do
they are happy because they achieved their goals
not because they bought stuff |
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