How Are You Getting Into The Millionaire Club? 3


guy looking at water, millionaire, club, sophisticated, spender

Hello Sophisticated Spenders!

So this weekend, I was introduced as follows:

Person A: I’d like for you to meet the Sophisticated Spender and she’s gonna be the next millionaire!
Person B: Oh really! What’s your plan?
Me: Blank stare for what felt like an hour-then my brain woke up and said: By being smart with my money. But you can check out my blog to read more about my plan.

That was terrible right!!!

I can’t believe I didn’t have a pitch ready!

I’m supposed to have my plan memorized because I’m following it every day, right?

So today, I thought I’d give you guys My Millionaire Club update! (Here’s the link to my millionaire club post!)

1: “Put money away for income producing assets.”-I’ve been buying more stocks (ones that pay dividends of course). I still need to set up an account so that I can buy something bigger (another piece of property).

2: “Contribute the max that’s matched in my employee retirement plan.”-This one is pretty easy because this means I pay less taxes every year and I also increased that amount by 1%. So now I’m putting away 8% of my income into my retirement funds.

3: “Live within my means.”-I’ve been going on lots of vacations so I have not been saving as much as I’d like to. But I’m only doing and buying things that I can pay for in cash!

4: “$0 Credit card debt.”-I pride myself on not having any credit card debt. Last month my credit card bill crept up to $3,000!!! But I paid that sucker off!

5: “Donate used items.”-I’m still working on this goal. I actually have a huge pile of clothes that need to be donated in the middle of my bedroom floor. I’ve incorporated walking around them into my daily routine now.

6: “Pay extra on mortgages so that they will be paid off by age 40.”-I’m only doing this one because I don’t plan on selling my properties. It is recommended that you NOT do this if you plan on staying in a home for less than 5 years.

7: “Attend blogger conferences to improve my blog.”-This one is funny because a friend asked if I’ve implemented all of the stuff that I’ve been learning at all of these conferences. And she got a blank stare too!

What are you doing to join the Millionaire Club???

 

More From Sophisticated Spender!


Leave a comment

Your email address will not be published. Required fields are marked *

3 thoughts on “How Are You Getting Into The Millionaire Club?

  • GeraldElame

    Most people are acquainted w/ NetMeeting and other software program that let you talk to others over the internet. VOIP is similar. Nevertheless, it also uses your telephone – the interface we’re all familiar with.

    Use a get virtual sms number Method. These systems were designed to assist little companies remain linked and sound much more expert. You can choose in between a local or toll totally free quantity, and enjoy features like unlimited extensions, contact forwarding, on maintain songs, title directory, and more. Phone calls can be forwarded to any quantity so you can be reached on your house, office, or mobile. I use a service called Grasshopper and I have it set up so I get an e-mail whenever I have a new concept.

    With VoIP, consumers spend 1 low monthly charge for telephone services. And, the beautiful thing is that all the attributes are included in the fees; with some attributes not even becoming offered by the telephone businesses like voicemail to email and contact forwarding to title a few. Now right here is the thoughts blower: integrated in the low month-to-month charge is limitless calling to the US and Canada! The business standard for VoIP services is anyplace from $15 to $25 per thirty day period; not poor price saving at all.

    Here is a fast physical exercise. Take out your present phone invoice and look at every line merchandise. You might discover something like this: (1) $19.ninety nine for the fundamental telephone services, (2) $5 for contact waiting, (3) $2 for caller id, (four) $10 for voicemail and the checklist goes on. This complete amount doesn’t even consider any lengthy distance charges or applicable taxes both. Once calculated, your telephone invoice might be in between $60 and $75 dollars. That is too a lot cash to pay for phone service.

    You can use telephone and multi-media conferencing to reduce down on journey. Free telephone conferencing is accessible from providers this kind of as FreeConference. If you need multi-media, such as telephone and pc sharing, use WebEx, Microsoft LiveMeeting, GoToMeeting, or Look.Net.

    Get virtual! Be a part of the millions of individuals jumping on the VoIP bandwagon and begin enjoying the wealthy attributes and accessibility you can get via broadband phone service.

    https://donations.nmra.org/UserProfile/tabid/367/UserID/15639/Default.aspx