Personal Statement

They allocate their time, energy, and money efficiently, in ways conducive to building wealth. Millionaires budget and also plan their investments. They begin earning and investing early in life. The authors note that “there is an inverse relationship between the time spent purchasing luxury items such as cars and clothes and the time spent planning one’s financial future”. In other words, the more time someone spends buying things

The book The Millionaire Next Door written by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D is a study about how people get wealthy and stay wealthy. They search deeper into what people really do hold wealth and those who pose as having wealth. The research conducted by these two gentlemen took place over a 20 year timeline and the goal of the research was to find out how ordinary people become wealthy and to disprove some of the many misconceptions held about millionaires. The authors came up with seven common characteristics about those who become wealthy. Out of those seven, three key traits can be seen which are; responsibility, hard work, and proper planning.

The book of “The Millionaire Next Door” is written by Thomas Stanley and William Danko, and it uses lots of case studies and statistic data to tell us how the actual millionaires live in the society and how can normal people become millionaires. The book shows a unique insight of millionaires and base on the authors’ research in last twenty years, thus the result is convincing. The authors try to tell us two things: wealth is what you accumulate but not what you spend; and there are some ways you can use to get wealth. For me, this book is interesting and useful.

We all want to be wealthy and for the most part many of us we chase attaining wealth and success for most of our lives. Author Sam Egube has attained wealth and experienced the highs and lows that come with attaining wealth. He has held jobs that ranged from some of the lowest wage earners to ones earning wealth and respect. And through his published work Thoughts from a Wealthy Perspective, that he disseminates his “wealth” of knowledge derived from his years of experiences and observations, told from his straightforward and very different perspective as a wealthy person.

My grandparents found happiness and satisfaction through buying property and attaining materialist wealth, due to the positives that came with the purchase, they have forced the same ambitions on me. However, since I don't have the same memories and experiences as my grandparents, purchasing my own home isn’t as symbolic and important to me.

“We miss opportunities because of wrong investment. This leads to emptiness (in our life, mind, and soul). Then it leads to consequence, which leads to excuses. We make excuses and give in to circumstance, which empowers our situation and disempowers us” (Gilligan, 2016)! Instead there must be a diligent effort to

I'll make this as brief as I can, but young folks, don't be me. More than 10 years ago, I came into a large sum from my late grandpa. I was depressed, sad, and mourning. I also never had money of my own, so getting 140k over a 2 year span at 18 was slightly mindblowing. I was cheap, thought nothing of it, and kept driving a beater car. It started slowly. A cool pair of sneakers? Well I do have money now, why not? A brand new iMac? I've got it, why not. The car started to go through problems, and a couple costly repairs later, I started dreaming about nice, brand new, sporty cars. Well, as one would expect, being in college on my own, this was my chance to shine. Mom was the custodian so it was pretty easy to just bug her a little to get access.

That said, by acknowledging the role of the skill of money management in the personal financial state, I, by no means advocate, or support, exploitation of poor by wealthy. Moreover, I believe that each person has an innate entitlement to be treated with dignity and respect, and not to be deprived of opportunities to pursue personal betterment, as long as doing so does not result in harm to the surrounding people. However, I have not met yet a person, who became exceptionally rich just by working hard, with no input from other resources. Extreme wealth and prosperity come in a package, consisting of individual character traits, education, experience, networking, and a living environment. Not everyone can handle finances appropriately and manage funds in a profitable way, increasing its value in the long-term. For example, look at the winners of the Powerball. People, who suddenly receive the amount they have never even dreamed about before, often many millions of dollars, frequently, are not capable of investing their resources wisely, and after several years or even months of lavish spending, they end up with nothing, wasting all of their funds carelessly. This example suggests that attempts to achieve the distributive justice by taking money from the rich and give them

Having and following successful principles will catapult anyone to the next level of prosperity to get all that they want. Some of the principles outlined in this book are from the past and discussed extensively by professionals in the money-making fields, but others are new and improved, never discussed anywhere else. The main goal of this book is for you to learn how to live like a king and understand how to splurge the right way like true royalty would. Kings and queens would not go out and buy insignificant items, for the most part, unless those things contribute positively to their well-being or keeping wealth circulating in their family. Sometimes kings might splurge a bit just for pleasure, but they will always keep

The secret to wealth is critical thinking and steady determination. Most times one considered himself as of what he was, as of what he is and as of what he will become; for it’s the circle of life. But

I love to create worlds, people, and even entire universes with a pencil and paper. Simple lines, shapes, and colors put together to make one product. Splotches of vibrant color bring out the scenery as the simple lines and shapes become complex figures. My mind is the limit, nothing is impossible to create on my paper.

Personal Finance has always been an emotional topic in the United States. Today, many Americans are generating unlimited wealth and living exceptional lives, while others are struggling to make ends meet. Evidently, people’s actions and beliefs are the deciding factors in their achievement of wealth. So, this huge gap in wealth between rich and poor people has a special connection with the philosophy and attitude of each individual toward personal finance.

Personal Finance has always been an emotional topic in the United States. Today, many Americans are generating unlimited wealth and living exceptional lives, while others are struggling to make ends meet. Evidently, people’s actions and beliefs are the deciding factors in their achievement of wealth. Thus, this huge gap in wealth between rich and poor people has a special connection with the philosophy and attitude of each individual toward personal finance.

​ Without a doubt, those who are “rich” and those that are “poor,” in terms of material possession, share a similarity: the desire to be rich or richer.  No one really wants to be “poor.”  Those who are rich are rich through inheritance or have mastered the know-how to become rich. Such as Prince Williams, who obtained his wealth from his mother and father, Princess Diana and Prince Charles of Whales.

For a young girl of about seven years of age, living in this society/environment, it was a huge revelation. What is wealth