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Who Wants to Be a
Millionaire? Your Agents Do!
Madison Offenhauser
Madison Offenhauser
2
Mission Viejo, California
Regional Director
Who Wants to Be a Millionaire? Your Agents Do!
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3 Who Wants to Be a Millionaire? Your Agents Do!
• Go commercial
• Do more than invest
• See property for what it
could be
• Be tenacious and
relentless
• Have thick skin
The 10 Habits of Billionaires
Who Wants to Be a Millionaire? Your Agents Do!4
• Have superior information
• Don’t accept the cards
they’re dealt
• Live in California
• Get, and stay, married
• Go back to school
• Someone who has accumulated the financial wealth
that delivers the unearned income (passive)
necessary to become self-actualized and achieve
their personal life mission.
A Financially Wealthy Person
Who Wants to Be a Millionaire? Your Agents Do!5
“Gold is reserved for those who know its laws and obey its
commands.”
Who Wants to Be a Millionaire? Your Agents Do!6
~ The Richest Man in Babylon
Millionaires’ Top Ten Success Factors• Well disciplined 57%
• 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%Who Wants to Be a Millionaire? Your Agents Do!7
“If you want to manage the future … create it.”
Who Wants to Be a Millionaire? Your Agents Do!8
~ Peter Drucker
• 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
Hints From the Rich
Who Wants to Be a Millionaire? Your Agents Do!9
Broke is temporary.Poor is forever.~ in other words ~
Broke is a state of account.Poor is a state of mind.
Who Wants to Be a Millionaire? Your Agents Do!10
Views of money are heavily affected by family/parents
Who Wants to Be a Millionaire? Your Agents Do!11
• Budget
• Save
• Invest
Taught All Three?
Who Wants to Be a Millionaire? Your Agents Do!12
Cash Flow Quadrant
13
Income Wealth
E B
S I
Who Wants to Be a Millionaire? Your Agents Do!
People radically overestimate what they can accomplish in one year … and radically
underestimate what they can
accomplish in a decade.
Who Wants to Be a Millionaire? Your Agents Do!14
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
Who Wants to Be a Millionaire? Your Agents Do!15
6. Perceive “saving” the same
as “investing”
7. “Should I” vs. “Where”
8. Accumulate vs. preserve
9. Debt mistakes … discipline
now … more later
The Nine Key Money Mistakes1. Consumptive lifestyle
2. No personal budget
3. No financial goals
4. Buying on anticipation
5. Over-focus on tax reduction
Who Wants to Be a Millionaire? Your Agents Do!16
The Nine Key Money Mistakes6. 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 Who Wants to Be a Millionaire? Your Agents Do!Who Wants to Be a Millionaire? Your Agents Do!
Ten Basic Laws Of Personal Money
Management1. 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”
Who Wants to Be a Millionaire? Your Agents Do!18
Ten Basic Laws Of Personal Money
Management6. 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 Who Wants to Be a Millionaire? Your Agents Do!Who Wants to Be a Millionaire? Your Agents Do!
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
Who Wants to Be a Millionaire? Your Agents Do!20
21 Who Wants to Be a Millionaire? Your Agents Do!
• When will most really take notice of the change?
• Where are you today?
• Where will YOU be in 1, 2, 5, and 10 years?
Lily Pond Phenomenon
22 Who Wants to Be a Millionaire? Your Agents Do!Who Wants to Be a Millionaire? Your Agents Do!
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