Millionaires Dont Watch T.V. News
Time Magazine reports that 8.2 million is the number of households with net worth of more than $1 million dollars.
And there has been 33% increase in such households over last year, the highest jump ever.
Hold on, are we not supposed to be in the middle of a bad economic cycle. I guess somebody forgot to tell these people about it or may be they don’t watch T.V. that much to know that. : - )
My mother is in town visiting and she is a news junkie hence her less than optimistic outook on life. She cannot believe that I don’t watch news at all. I tell her that 10 pages of a good book or a magazine article like Fortune are worth one year of watching t.v. news and she just looks at me and shakes her head.
I was working with my Inner Circle member Kelvin Squires to help him raise some capital and the first thing that astonishes me is how many people just in Michigan have a Net Worth of $1,000,000 – and with all due respect to California residents – it does not include the overly inflated values of their primary residences. Kiyosaki recommends not to use the equity in your home as a measure of your net worth because you will need shelter so even if you sell the house and cash out – guess what, you still going to buy something else to replace it .
Dan Kennedy definition of a Renegade Millionaire is $1,000,000 liquid assets plus $1,000,000 net worth. Now that is something to strive for!
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