Transcription
Who Wants to Be aMillionaire? Your Agents Do!Madison Offenhauser
Madison OffenhauserMission Viejo, CaliforniaRegional Director2 Who Wants to Be a Millionaire? Your Agents Do!
Tell Keller Williams University what you think!Simply enterwww.evalfr.cominto any mobile device to complete yourevaluation for this session.3 Who Wants to Be a Millionaire? Your Agents Do!
The 10 Habits of Billionaires Go commercial Do more than invest See property for what itcould be Be tenacious andrelentless Have thick skin4 Who Wants to Be a Millionaire? Your Agents Do! Have superior information Don’t accept the cardsthey’re dealt Live in California Get, and stay, married Go back to school
A Financially Wealthy Person Someone who has accumulated the financial wealththat delivers the unearned income (passive)necessary to become self-actualized and achievetheir personal life mission.5 Who Wants to Be a Millionaire? Your Agents Do!
“Gold is reserved forthose who know itslaws and obey itscommands.” The Richest Man in Babylon6 Who Wants to Be a Millionaire? Your Agents Do!
Millionaires’ Top Ten Success Factors Well disciplinedHonest with all peopleGood at getting along with peopleHaving a supportive spouseWork harderLove their career/businessStrong leadership qualitiesVery competitive spirit/personalityWell organizedAbility to sell self/ideasMade wise investments7 Who Wants to Be a Millionaire? Your Agents Do!57%57%56%49%47%46%41%38%36%35%35%
“If you want to managethe future create it.” Peter Drucker8 Who Wants to Be a Millionaire? Your Agents Do!
Hints From the Rich 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 debts9 Who Wants to Be a Millionaire? Your Agents Do!
Broke is temporary.Poor is forever. in other words Broke is a state of account.Poor is a state of mind.10 Who Wants to Be a Millionaire? Your Agents Do!
Views of money are heavilyaffected by family/parents11 Who Wants to Be a Millionaire? Your Agents Do!
Taught All Three? Budget Save Invest12 Who Wants to Be a Millionaire? Your Agents Do!
Cash Flow QuadrantIncomeWealthEBSI13 Who Wants to Be a Millionaire? Your Agents Do!
People radicallyoverestimate what theycan accomplish in oneyear and radicallyunderestimatewhat they canaccomplish in a decade.14 Who Wants to Be a Millionaire? Your Agents Do!
The Nine Key Money Mistakes MostPeople Make1. Consumptive lifestyle2. No financial goals3. No personal budget4. Buying on anticipation5. Over-focus on taxreduction15 Who Wants to Be a Millionaire? Your Agents Do!6. Perceive “saving” the sameas “investing”7. “Should I” vs. “Where”8. Accumulate vs. preserve9. Debt mistakes disciplinenow more later
The Nine Key Money Mistakes1.2.3.4.5.Consumptive lifestyleNo personal budgetNo financial goalsBuying on anticipationOver-focus on tax reduction16 Who Wants to Be a Millionaire? Your Agents Do!
The Nine Key Money Mistakes6.7.8.9.Perceive “saving” the same as “investing”“Should I” vs. “Where”Accumulate vs. preserveMake debt mistakes discipline now leads tomore later17 WhoWho WantsWants toto BeBe aa Millionaire?Millionaire? YourYour AgentsAgents Do!Do!
Ten Basic Laws Of Personal MoneyManagement1. Pay cash—clear all “plastic” at month’s end2. Purchase protection:Adequate disability/life/health/home/personal/car3. Follow a budget4. Save then purchase5. Needs first—avoid “wants”18 Who Wants to Be a Millionaire? Your Agents Do!
Ten Basic Laws Of Personal MoneyManagement6. Think “repair” first/“replace” second/“new” last7. Pay yourself first not last8. Tithe regularly with a grateful heart9. Invest regularly with a strategy10. Save and invest with no less than 20 percent of yourpersonal income19 WhoWho WantsWants toto BeBe aa Millionaire?Millionaire? YourYour AgentsAgents Do!Do!
Personal/Financial Considerations Read! Think and Grow RichRichest Man in BabylonRich Dad Poor DadMillionaire Next DoorBuilt To LastMillionaire Real Estate AgentMillionaire Real Estate Investor 80 percent on your 20 percent One car, two homes Spend time on your money20 Who Wants to Be a Millionaire? Your Agents Do!
21 Who Wants to Be a Millionaire? Your Agents Do!
Lily Pond Phenomenon When will most really take notice of the change? Where are you today? Where will YOU be in 1, 2, 5, and 10 years?22 WhoWho WantsWants toto BeBe aa Millionaire?Millionaire? YourYour AgentsAgents Do!Do!
Thank You!Please complete an evaluation for this session.Use any mobile device!www.evalfr.com.To download a free copy of this presentation:www.familyreunion.kw.com/downloads
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 20 Who Wants to Be a Millionaire? Your Agents Do!
