Who Wants to Be a Millionaire? Your Agents Do! Madison Offenhauser

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1 Who Wants to Be a Millionaire? Your Agents Do! Madison Offenhauser

2 Madison Offenhauser Mission Viejo, California Regional Director 2

3 Tell Keller Williams University what you think! Simply enter into any mobile device to complete your evaluation for this session. 3

4 The 10 Habits of Billionaires Go commercial Do more than invest See property for what it could be Be tenacious and relentless Have superior information Don t accept the cards they re dealt Live in California Get, and stay, married Go back to school Have thick skin 4

5 A Financially Wealthy Person Someone who has accumulated the financial wealth that delivers the unearned income (passive) necessary to become self-actualized and achieve their personal life mission. 5

6 Gold is reserved for those who know its laws and obey its commands. ~ The Richest Man in Babylon 6

Millionaires Top Ten Success Factors Well disciplined 57% 7 Honest with all people 57% Good at getting along with people 56% Having a supportive spouse 49% Work harder 47%

7 Millionaires Top Ten Success Factors Well disciplined 57% 7 Honest with all people 57% Good at getting along with people 56% Having a supportive spouse 49% Work harder 47% Love their career/business 46% Strong leadership qualities 41% Very competitive spirit/personality 38% Well organized 36% Ability to sell self/ideas 35% Made wise investments 35%

8 If you want to manage the future create it. ~ Peter Drucker 8

9 Hints From the Rich Rich people save first and spend what s left Poor people spend first and save what s left The rich invest in assets The poor pay debts 9

10 Broke is temporary. Poor is forever. ~ in other words ~ Broke is a state of account. Poor is a state of mind. 10

11 Views of money are heavily affected by family/parents 11

12 Taught All Three? Budget Save Invest 12

13 Cash Flow Quadrant Income Wealth E B S I 13

14 People radically overestimate what they can accomplish in one year and radically underestimate what they can accomplish in a decade. 14

15 The Nine Key Money Mistakes Most People Make 1. Consumptive lifestyle 2. No financial goals 3. No personal budget 4. Buying on anticipation 5. Over-focus on tax reduction 6. Perceive saving the same as investing 7. Should I vs. Where 8. Accumulate vs. preserve 9. Debt mistakes discipline now more later 15

16 The Nine Key Money Mistakes 1. Consumptive lifestyle 2. No personal budget 3. No financial goals 4. Buying on anticipation 5. Over-focus on tax reduction 16

17 The Nine Key Money Mistakes 6. Perceive saving the same as investing 7. Should I vs. Where 8. Accumulate vs. preserve 9. Make debt mistakes discipline now leads to more later 17

18 Ten Basic Laws Of Personal Money Management 1. Pay cash clear all plastic at month s end 2. Purchase protection: Adequate disability/life/health/home/personal/car 3. Follow a budget 4. Save then purchase 5. Needs first avoid wants 18

19 Ten Basic Laws Of Personal Money Management 6. Think repair first/ replace second/ new last 7. Pay yourself first not last 8. Tithe regularly with a grateful heart 9. Invest regularly with a strategy 10. Save and invest with no less than 20 percent of your personal income 19

20 Personal/Financial Considerations Read! Think and Grow Rich Richest Man in Babylon Rich Dad Poor Dad Millionaire Next Door Built To Last Millionaire Real Estate Agent Millionaire Real Estate Investor 80 percent on your 20 percent One car, two homes Spend time on your money 20

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22 Lily Pond Phenomenon When will most really take notice of the change? Where are you today? Where will YOU be in 1, 2, 5, and 10 years? 22

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23 Thank You! Please complete an evaluation for this session. Use any mobile device! To download a free copy of this presentation:

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