Who Wants to Be a

Millionaire? Your Agents Do!

Madison Offenhauser

Madison Offenhauser

2

Mission Viejo, California

Regional Director

Who Wants to Be a Millionaire? Your Agents Do!

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3 Who Wants to Be a Millionaire? Your Agents Do!

• Go commercial

• Do more than invest

• See property for what it

could be

• Be tenacious and

relentless

• Have thick skin

The 10 Habits of Billionaires

Who Wants to Be a Millionaire? Your Agents Do!4

• Have superior information

• Don’t accept the cards

they’re dealt

• Live in California

• Get, and stay, married

• Go back to school

• Someone who has accumulated the financial wealth

that delivers the unearned income (passive)

necessary to become self-actualized and achieve

their personal life mission.

A Financially Wealthy Person

Who Wants to Be a Millionaire? Your Agents Do!5

“Gold is reserved for those who know its laws and obey its

commands.”

Who Wants to Be a Millionaire? Your Agents Do!6

~ The Richest Man in Babylon

Millionaires’ Top Ten Success Factors• Well disciplined 57%

• Honest with all people 57%

• Good at getting along with people 56%

• Having a supportive spouse 49%

• Work harder 47%

• Love their career/business 46%

• Strong leadership qualities 41%

• Very competitive spirit/personality 38%

• Well organized 36%

• Ability to sell self/ideas 35%

• Made wise investments 35%Who Wants to Be a Millionaire? Your Agents Do!7

“If you want to manage the future … create it.”

Who Wants to Be a Millionaire? Your Agents Do!8

~ Peter Drucker

• 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 debts

Hints From the Rich

Who Wants to Be a Millionaire? Your Agents Do!9

Broke is temporary.Poor is forever.~ in other words ~

Broke is a state of account.Poor is a state of mind.

Who Wants to Be a Millionaire? Your Agents Do!10

Views of money are heavily affected by family/parents

Who Wants to Be a Millionaire? Your Agents Do!11

• Budget

• Save

• Invest

Taught All Three?

Who Wants to Be a Millionaire? Your Agents Do!12

Cash Flow Quadrant

13

Income Wealth

E B

S I

Who Wants to Be a Millionaire? Your Agents Do!

People radically overestimate what they can accomplish in one year … and radically

underestimate what they can

accomplish in a decade.

Who Wants to Be a Millionaire? Your Agents Do!14

The Nine Key Money Mistakes Most

People Make

1. Consumptive lifestyle

2. No financial goals

3. No personal budget

4. Buying on anticipation

5. Over-focus on tax

reduction

Who Wants to Be a Millionaire? Your Agents Do!15

6. Perceive “saving” the same

as “investing”

7. “Should I” vs. “Where”

8. Accumulate vs. preserve

9. Debt mistakes … discipline

now … more later

The Nine Key Money Mistakes1. Consumptive lifestyle

2. No personal budget

3. No financial goals

4. Buying on anticipation

5. Over-focus on tax reduction

Who Wants to Be a Millionaire? Your Agents Do!16

The Nine Key Money Mistakes6. Perceive “saving” the same as “investing”

7. “Should I” vs. “Where”

8. Accumulate vs. preserve

9. Make debt mistakes … discipline now leads to

more later

17 Who Wants to Be a Millionaire? Your Agents Do!Who Wants to Be a Millionaire? Your Agents Do!

Ten Basic Laws Of Personal Money

Management1. Pay cash—clear all “plastic” at month’s end

2. Purchase protection:Adequate disability/life/health/home/personal/car

3. Follow a budget

4. Save … then purchase

5. Needs first—avoid “wants”

Who Wants to Be a Millionaire? Your Agents Do!18

Ten Basic Laws Of Personal Money

Management6. Think “repair” first/“replace” second/“new” last

7. Pay yourself first … not last

8. Tithe regularly with a grateful heart

9. Invest regularly with a strategy

10. Save and invest with no less than 20 percent of your personal income

19 Who Wants to Be a Millionaire? Your Agents Do!Who Wants to Be a Millionaire? Your Agents Do!

Personal/Financial Considerations• Read!

• 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

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21 Who Wants to Be a Millionaire? Your Agents Do!

• When will most really take notice of the change?

• Where are you today?

• Where will YOU be in 1, 2, 5, and 10 years?

Lily Pond Phenomenon

22 Who Wants to Be a Millionaire? Your Agents Do!Who Wants to Be a Millionaire? Your Agents Do!

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