Introduction
It is 6 minutes video. I like to take some notes. I purchased the book in 1997 when I was an intern worked for Daleen Inc. But I never read the book and understand the ideas. Here is the link.
Take my notes
Millionaire do not buy luxuries.
Track expenses
First millionaire - most are self made millionaires.
Two kinds of beer, free and Budweiser.
4:36/6:51
Most millionaires do not buy luxury goods. They more like financial independence than social status.
Millionaires keep track of spending, they can answer the questions like "Do you know how much money is in your bank account right now?"
"How much money does your family spend on food, clothing and shelter each year?"
5:15/6:50
Do not give cash gift to children. Make them more likely bad financial situation.
Non-millionaire tends to give cash gift.
Make them self-sufficient
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