Page 103 - The Millionaire Mindset

3.
4.
5.

Location Investment Documents
Stocks located
Today Bonds located
is a Mutual funds located
great Other investment records
day located
Last Will Data
My will is located
The executor/executrix
named in my will is
In the event of his/her death
Special instructions regarding
my funeral are specified in my
will, letter, other

Location of above
documents

Strategy 4-4:

Make an irrevocable commitment to invest
at least 10% of every dollar you earn.

In 1810, at Ruthful Village in Dumfriesshire, Scotland, the Reverend Henry Duncan
established the Parish Band Friendly Society of Ruthwell. This institution is recognized
today as the first modern mutual savings bank. Existing friendly societies operated on the
principle of charity, people banding together to help a neighbor in distress. By contrast, Dr.
Duncan’s Ruthwell bank was created to provide a way for one person to accumulate funds
for his or her own benefit. The Ruthwell institution was not so much a charity as it was a
repository for personal savings. In simple charity a needy person is given help for reasons
of mercy, but people’s pride and dignity often cause them to reject charity. Avoiding the

Millionairecharitable motivation behind other friendly societies, Dr. Duncan wanted to encourage
independence, self-reliance, individual pride and dignity.
Mindset98