Nation of Millionaires: How Do They Do It?

Many people dream of being a millionaire. It usually goes something like this, “if I could only win the lottery!” Being a millionaire is not as difficult as people make it out to be. In fact, most millionaires work for themselves. These people are considered to be self-made millionaires. They did not wait for someone to hand over the family business or fortune to them. Whether they did it by themselves or with a team of people, the point is they did it!

According to the article “10 Things Millionaires Won’t Tell You” on Smart most millionaires shop at Wal Mart. Many people will be shocked by this revelation. Millionaires know how to be frugal. They shop for items on sale, look for the bargains, and clip coupons!

People can become millionaires by investing in the stock market, opening a savings account, purchasing a franchise, opening an IRA or Roth IRA, and buying and selling property. Do not be fooled by the latter. In the real estate business, there is a buyer for everything. What you need is a good understanding of the real estate market. Do not let talk of economic woes get into your head. Find a “real estate guru” and learn the tricks of the trade. People make money with real estate no matter the economic situation of the U.S. For real estate tips and tricks, please visit real estate investors life.

Now is the time to become a millionaire. Even people working 9 to 5 jobs can become millionaires. All it takes is dedication and time. The main requirement to being a millionaire is that you must want to be one. Another tip is to live within your means. Today, many people are luxaholics. Most of these people have a Target budget but spend like they have a Rodeo Drive one. Visit MSN Money to learn more on how to become a millionaire.

World Bank: U.S. Borrows Money from China, Buys Oil from Saudi Arabia, Funds Israel

How many Americans are aware that the United States of America is borrowing money from China? The answer is probably slim to none. How many Americans realize that the money being borrowed is funneled to Israel? Did you know that Iraqis have money in our banks? We, the American people are funding a war and responsible for rebuilding Iraq, yet Iraq has money in our banks. Does this make sense?

Most Americans are unaware that the money borrowed from China is being used to purchase oil from Saudi Arabia. Instead of creating alternative fuels or tapping our oil wells, the U.S. chooses to be indebted to another country. China is a country whose history obviously surpasses the United States of America’s history. After all, “the first unified Chinese state was established by the Qin Dynasty in 221 BCE!”

According to Wakeup From Your Slumber “Israel is again lobbying our Congress for its annual handout. If past behavior is any indicator, Congress will borrow the money (from China) to provide Israel an aid package worth over $5 billion. This represents one-third of our foreign aid in spite of the fact Israel makes up only 0.001 percent of the world’s population, and has one of the world’s higher per capita incomes.” No doubt, Israel will use the money to purchase military weaponry to fight the Palestinians.

Links to Blood Money

  1. Kucinich. Dennis Kucinich speaks about China.
  2. Ron Paul. Video from 2007 in which a discussion takes place about the U.S. borrowing money from China.
  3. Wikipedia. Learn how much debt the United States of America has and to whom.
  4. The Atlantic. Great article about U.S. Debt.

Isn’t it ironic that some Americans protest against Communist China, yet their own government is borrowing money from China. It would behoove people to question that tactics of their own government before they cast stones at the government of another country. Get the facts first, before passing judgment.

Families Raise Cash and Save Money – How Do They Do It?

Many families are looking for ways to raise cash and save money. According to CNN.Money some ways to raise cash fast are as follows: sell investments, raid the emergency funds, ask parents for a gift, and take out a home equity line of credit.

Business Week asked financial advisors for advice on how to reduce expenses and boost savings. A few ways are to vacation in the off-season, cut back on eating out, if you have two cars, sell one; cut out premium cable stations, and find FREE entertainment.

Other ways families can raise cash is to sell antiques and heirlooms. Yes, “parting may be sweet sorrow,” but if the money is needed to pay the bills, do it! Great, Great, Great Aunt Martha will understand. She’s probably in the afterlife and really would not care what you do with the heirloom. Consider selling jewelry, furniture, exercise equipment, and furniture.

Saving money is relatively easy. Families must be vigilant and want to save money. Cutback on Starbucks, carpool, trim phone expenses, make a budget, pay off credit cards or make payment arrangement and cut-up the ones from department stores because VISA and MasterCard are accepted everywhere you go, and keep track of expenses. If you receive a gift of money or unexpected cash, put it in the bank. Pay for purchases with cash versus credit. As mom would say “if you can’t afford it, don’t buy it!”

How do Families on Extreme Makeover Home Edition Pay for Their Homes?

ABC’s hit show Extreme Makeover Home Edition, headed by Ty Pennington, tears down a family’s home and rebuilds a dream home that is safer and roomier. These dream homes are brilliantly designed on the outside and inside. How can a family afford their brand new home which costs $400,000 or more? Do they seek financial counseling? Are most of the materials donated?

According to the The Atlanta Journal-Constitution a family in Georgia foreclosed on their Extreme Makeover Home Edition home. “Materials and labor were donated for the home, which would have cost about $450,000 to build. Beazer Homes’ employees and company partners also raised $250,000 in contributions for the family, including scholarships for the couple’s three children and a home maintenance fund.”

Apparently the family used the two-story home as collateral for a $450,000 loan. The home will be auctioned off August 5 on the steps of the Clayton County Courthouse. Many people worked very hard on this project. It’s disappointing and aggravating because they gave their time, energy, and supplies which were squandered.

Most of the families featured on Extreme Makeover Home Edition are struggling to make ends meet. Some have children with disabilities others open their hearts and homes to foster children or even children in their own families that cannot be cared for anymore.

The question remains. How do families pay for their brand new home? Do they receive contributions from others? Does the builder pay for it? Are they required to have a certain amount of savings or investments? Perhaps some questions will never be answered.

Stop! Keeping Up With the Joneses Who Are in Debt!

Millions of Americans feel they have to keep up with the Joneses and Smiths. Here’s a hint, the Joneses and Smiths are in so much debt they can’t see straight and don’t have the money to buy a new pair of glasses!

Just because people drive SUVs and own $300,000 houses does not mean they can afford it. Look at the housing market. For those who “flip houses” it’s an excellent time to get into the market. Unfortunately, the critics will say it’s a selfish thing to do because people lost their homes and their dreams. Who told people to dig themselves into debt just to keep up with their neighbors? Peoples’ egos can cause a lot of unnecessary damage and drama.

The USA is a country of consumers, there’s no doubt about it. Take a look at the fast food drive-thru lines at lunch time. It’s ironic because people complain about the increase in gas prices, yet they line up to order a Big Mac or Whopper! Eating out everyday adds ups in more ways than one. Peoples wallets shrink and their waistlines expand!

Priorities 101

The Joneses are facing bankruptcy and foreclosure. Remember when mom said “if you can’t afford it, don’t buy it” and “mind your own business.” When people get older they forget mom’s great advice. Instead, people become brain washed by the media that says they need the latest and greatest “it” product or service. They become mechanical and follow the Joneses straight into the bowels of debt and misery.

For example, a car that provides reliable transportation is necessary to get from Point A to Point B. A luxury vehicle and a SUV that gets poor gas mileage is not necessary. Single people do not have to own more than one vehicle. Only one vehicle can be driven at a time. Families could probably make due with two vehicles; one for mom, one for dad. Junior will have to walk, ride a bike, take public transportation, or wait until a vehicle is available.

Jimmy Choo shoes are fabulous but a more price friendly brand of shoe can be just as stylish. Payless ShoeSource has a great selection and often advertise BOGO (Buy One Get One Free). Also, most people only wear 20% of their wardrobe. The other 80% sits in the closet and collects dust. Clean out the closets and donate items to various charities.

How to Avoid the Joneses

Spend money on the things that are needed for day to day living. Do not worry about what other people are buying. It’s none of your business how people spend their money. If they want to dig themselves into a money pit, so be it. Don’t be quick to jump in with them.

As Featured On Ezine Articles

Warning! Best Buy Charges a Restocking Fee

The next time you make a purchase from Best Buy it will behoove you to inquire about their restocking fee policy. Too bad I did not know about this before I purchased my laptop and software a couple of months ago. Personally, I was not always fond of Best Buy. I cannot place my finger on it but my “gut instinct” made me shop somewhere else before I would go to Best Buy. But that’s just me.

Apparently, the restocking fee varies from purchase to purchase. Check out this email that I received. It was verified on SNOPES.


Best Buy has some bad policies….

Normally, I would not share this with others, however, since this could happen to you or your friends, I decided to share it. If you purchase something from, Wal-Mart, Sam’s Club, JC Penny, Sears etc. and you return the item with the receipt they will give you your money back if you paid cash, or credit your account if paid by plastic. Well, I purchased a GPS for my car, a Tom Tom XL.S from ‘Best Buy’. They have a policy that it must be returned within 14 days for a refund!

So after 4 days I returned it in the original box with all the items in the box, with paper work and cords all wrapped in the plastic. Just as I received it, including the receipt. I explained to the lady at the return desk I did not like the way it could not find store names. The lady at the refund desk said, there is a 15% restock fee, for items returned. I said no one told me that. I said how much would that be. She said it goes by the price of the item. It will be $45.00 Dollars for you. I said, all your going to do is walk over and place it back on the shelf then charge me $45.00 of my money for restocking? She said that’s the store policy. I said if more people were aware of it they would not buy anything here! If I bought a $2000.00 computer or TV and returned it I would be charged $300.00 dollars restock fee? She said yes, 15%. [Read more…]