Millionaire Secrets
Jonathan at SmartWealthyRich is running this contest, where he’s giving away a copy of the book, Secrets of the Millionaire Mind. I’m not sure when the deadline is, but there’s still time if you would like to participate. I like to read, and I like money, so it sounds like a good deal to me.
So the question is, “Why would I like to be a Millionaire”? Well, I think it’s natural to associate money with less stress. In other words, “if I had plenty of money, I wouldn’t have to work, and I wouldn’t have to worry about how I’m gonna pay all my bills, etc.” However, I think having money would not necessarily be less stressful. It may be a different type of stress. Not stress to survive, but stress to manage and keep. I think having to manage and hold on to your money might be easier to deal with.
When I consider myself with a million dollars, I don’t really see myself in a fancy car or living an extravagant lifestyle. I think I would certainly pay off my debts immediately, but aside from that, I think I would want to figure out how to leverage that money to create an income. If you only made 10% per year off of it, thats $100k. $100,000 of debt-free income sounds pretty good! That would let me provide my son with the best opportunities and it would free me up to try new things, regardless of the profitability.
So maybe if I win this book, I’ll learn all the secrets…..
Hey Anthony! thanx a lot for participating. You bring a good point there, the stress to survive vs the stress to manage the money. Interesting.
Good luck with the cotest
Thank you.
Having that kind of money would be nice, but there would be a different kind of stress with it as you say. I would probably do the same things with that kind of money if I had it such as take care of my family, pay off my debts, and live somewhat comfortably.
One other thing that I would want to do is donate a good portion as well to charity, research for disease cures, and other stuff to help out those who are less fortunate than me.
Uh, yeah ClarkeW, uh……….I meant after I did that!
But seriously, that’s a great thought. The fact is, the more you give, the more you generally get. Just think, if you were living on $100k annually with no debt, it would make it very possible to support worthy causes on an ongoing basis.
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