Page 106 - The Millionaire Mindset

21 10,485.76
22 20,971.52
23 41,943.04
24 83,886.08
25 167,772.16
26 335,544.32
27 671,088.64
28 1,342,177.28
29 2,684,354.56
30 5,368,709.12

As you can see, the final figure is over 5 MILLION DOLLARS. If you settled
for the single million, you lost $4,368,709.12. A bad financial day! Notice what happens
in the last 6 days on the compound table. Time is your friend. Use it to help you Master
Money.

Strategy 4-5: Today
is a
Live within your means. great
day
RESIST THE URGE TO SPLURGE

Spend no more than you make on a monthly
basis. Ideally, that means live on a cash basis and
don’t use debt to provide normal living expenses.
It also means having the self-discipline to control
spending while you raise income or create solid
wealth.

“It’s difficult to save money when your

neighbors keep buying things you can’t afford.”

Anonymous101

A decision is necessary to either MAKE MORE MONEY or SPEND LESS. If you
follow The Millionaire Mindset then you WILL earn more, but in the meantime, you need to
get your spending in line. Wealth is defined by the number of days you could survive your
current lifestyle without a paycheck. I call that day “D-Day.” (The day the money runs out.)

MillionaireIf you stopped working today, how long could you survive?
“Most people only know one solution: work hard, save and borrow.” *

Mindset RobertT.Kiyosaki
* Kiyosaki, Robert T., Rich Dad Poor Dad, (Tech Press, Inc., 1997), 104.