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The Enlightened Millionaire VS. The Un-Enlightened Millionaire

Mark Victor Hansen and Robert G. Allen

Have you ever used a poor example to illustrate a point? Well, we have some great "bad examples" in recent news to drive home what an "Enlightened Millionaire" is NOT. Recent Worldcom and Enron executives have show us just what kind of damage UN-enlightened millionaires can do. They are but two front page news stories we've all been reading which display ugly, unrestrained corporate greed.

And what reward do these unscrupulous executives get for defrauding their investors? Hopefully, jail time. Such misconduct has not only damaged their eternal souls, but has affected the world's financial markets. Their greed has slowed our own economic recovery and put honest individuals out of work. Even more dastardly stories are exposed daily. While depressing to read, such news teaches us a powerful lesson of the wide-ranging and detrimental effects that greed can have on individual people and the world in which we live.

Imagine for a moment how different things would be if the opposite happened? Rich corporations and wealthy individuals who are honest and generous in their dealings! Not only do they make millions for themselves, but share their wealth with the world community. In the short term the economy becomes recession proof and unemployment plummets. In the long term we could end world hunger, replant the rainforests and save the oceans. We would end illiteracy, support charities and contribute more to church and community. Literally, the "enlightened" millionaire's excess prosperity would spill-over into an abundance of good for the world!

This is the essence of the "Enlightened Millionaire" theory of wealth creation. We know it is possible. If you haven't already attended our FREE introductory telecoaching session. Register today and get involved with our program. The train is leaving the station and we want YOU aboard. Register for FREE telecoaching.
CLICK HERE

Warmest Regards,

Mark Victor Hansen
Robert G. Allen

How Long Until YOU Make a Million Dollars?
NEW Wealth Calculator Tool on OMM Website

Do you realize that you can actually become a millionaire by saving and investing a single dollar a day?!!

All that is required is (1) the ability to find investments that yield at least 10% annually after taxes (as in your tax-deferred retirement account) and (2) the discipline to keep up the process.

Follow this link to play around with our nifty ALL-NEW wealth calculator and YOU do the calculations. Given enough time and the right interest rate, you can see how easy it is to make millions--even billions in your lifetime!

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A Millionaire Minute - Idea Tithing

Almost everyone knows about tithing. Tithing is an age-old concept. It is endorsed by every major religion in the world. To tithe is to give back ten percent of your gross earnings to your spiritual source, whether that is the church, temple, ashram or mosque you attend . . . it's where you get your spiritual nutrition and sustenance.

"My vision is that everyone - 6+ billion of us - start to 'idea tithe.' Together, we can make the world work for 100% of humanity!"

Read more of this article


It is strongly recommended that you establish a budget and stick with it. Your budget needs to be a realistic one that reflects known income and expenses, and it must be something that you review periodically.

  • Record your income In addition to your monthly take-home pay, include any interest from investments or trust funds.
  • Record your expenses Save your receipts. Then distinguish between fixed expenses and flexible expenses; list bills and expenses under the heading Debts/Expenses. Average your monthly expenditure on food, entertainment and car maintenance/transportation.
  • Put it on paper Compare what comes in to what goes out. Identify where you can cut back, then resist the temptation to overspend.
  • Establish a goal Be clear about what you are saving for, whether it's a vacation or a comfortable retirement. Setting a realistic goal will motivate you, giving you something to work toward.
  • Watch it grow Take advantage of an employer's direct-deposit plan, where a portion of your paycheck can be automatically transferred to your savings account each pay period. Help your retirement funds grow with a 401(k) or other retirement plan. And once you've paid off a monthly loan, continue to make the same regular payments, only this time, make them to your savings account.
  • Honest endeavors Be forthright about your savings goal; if your budget is too restrictive, it simply won't work. Get your family involved by making a game of searching for ways to reduce expenses. And reward yourself with inexpensive treats when you achieve savings milestones.
    Source:nfcc.org
  • Money Matters: Be Honest With Yourself
    Suze Orman is a best-selling finance author. She has been on Oprah, two PBS specials, QVC, CNN, CNBC, Good Morning America and is a columnist for Self magazine and a regular contributor on NBC's Today show.
    © 1999 Priorities: The Journal of Personal and Professional Success and Franklin Covey.

    Where Do You Think You Stand Today?
  • Do you consider the cost of your gym membership per month even if you pay to renew just once a year?
  • Do you pay your insurance premiums twice or four times a year? Do you calculate the cost of insurance in your monthly bills?
  • Where did you go on vacation last year? What did that one-time expense cost average over twelve months?

    These big expenses hit once or twice a year, probably surprising you every time. And then there are seasonal expenses:

  • Come summer, do you forget about how much higher the gas bills run in the fall?
  • Do you have your windows washed once or twice a year?
  • Did you send your children to summer camp last summer
  • Do you get your hair cut and maybe colored every couple of months? How much, then, does it cost every single month?

    Here's another surprise: If you make some sort of payment every week—child care, a cleaning woman, a mortgage payment withdrawn automatically every two weeks—the extra weekly payments will take place infour months of the year. Plus the smallest expenses add up fast—the ones too small, you might think, to be worth figuring into your budget at all. For instance, do you go to the movies once a week? Do you buy the tickets for yourself and your partner, have popcorn and sodas, go for a simple dinner afterward, as simple as pizza or a burger and fries? That's not so much, is it? No, it isn't, not on any given Friday night. Maybe $16 for the tickets, $4 for the popcorn and sodas and $20 for a simple meal. But once a week over a year, that's $2,080. And too many of us forget to include expenses so"small.

    Finally, you need to allocate $50 to $100 each month for miscellaneous unpredictable expenses: dental work that's not covered in your insurance, travel to your brother's wedding. Most of my clients are shocked to discover by how much they have underestimated—and that's when they've guessed as honestly as they can. It's a scaryrealization, but there's a wonderful flip side to that fear. You will begin to gain power over the money that's controlled you for solong.

    How Much Is Going Out?
    Get out your canceled checks, ATM statements, credit card bills, whatever will tell you how you spent your money over the last two years. These papers are more revealing than a diary; they contain the key to how you live your life. Yes, it will take you some time to do this, but think how much time it will give back to you in the future. You work 40 hours a week or more to earn your money. Take a few hours to takeyour money out of the darkness, to see it in the light of reality, to see where you stand. Don't just read these pages—pick up a pen and take action.
  • Go through your checkbook, canceled checks, computerized statements, all your records for the past two years. Not one year, but two years. Maybe this year was an extraordinary time - you remodeled the house, bought a new car—but looking at a two-year period, you'll get a good idea of what it costs you to live the way you are living. All your checks, cash withdrawals, money spent every month, money spent once a year, money spent once a season, holiday expenses, everything.
  • Make categories for each month—such as telephone, gasoline, food, utilities, vet bills, golf fees, baby-sitting.
  • After all the categories are complete, total each category. Divide each category by 24. This will give you how much you spend per month on average for each category.
  • Now add together all the averages in each category. This will tell you what it costs you to live each month. Remember, these are averages. Consider, instead, making the decision to spend $25 to $30 less per month from 15 or 20 of your spending categories. Some categories are fixed.

    There will be other categories—in fact, the majority of categories—where you can actually decide what the total spent per year will be. Is there one magazine subscription you can do without? Can you have three Friday movie nights a month instead of four? Keep deciding to trim a little here, a little there, until what comes in matches what goes out. With each decision you make, you are gaining power over your money. Put down in writing the yearly total you decided on for each category. Now keep track of what you spend in each category, month by month. Create a chart or system that will work for you. Each month whenyou pay your bills, check your spending by category. If you use up any allocation early and want to spend more in that category, you'll have to make new decisions about what, if anything, you want to do by seeing where you stand with the other categories.As a reminder, post the categories you're trimming in your planner or on the fridge.



    How to Stay Organized and Save Money some easy-to-follow suggestions about basic household organization that you can use to immediately start saving money and time


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