2019 – 2020 PPP



|Preface |

Q1. When growing up, what was your impression of someone who was ‘rich’? How did that change as you became an adult? Has it changed again as you endeavour to become a more knowledgeable and sophisticated investor?

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Not at any time in the past thirty years have I found that the typical millionaire had more than 30% of his wealth invested in publicly traded stocks.

Q2. Did you find this revelation surprising? Why so?

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Q3. What does it mean to be a ‘low profile’ millionaire? How is that at odds with the way the media portrays rich people?

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Q4. What does it mean to live ‘below’ your means? What does it take to do this? Can you be a millionaire if you don’t?

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|Introduction |

Wealth is not the same as income.

Q5. What is the difference? Why is it sometimes harder for those on high incomes to become, and remain, wealthy?

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Q6. Wealth is more often a result of what? What items that were listed are you presently NOT doing?

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Q7. What statistics presented on pages 2 and 3 under the heading ‘Millionaires and You’ did you find eye-opening? Why?

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|Chapter One: Meet The Millionaire Next Door |

Q8. Who do you know (for a fact) who is a millionaire? How do they dress? Act? Behave?

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Q9. What does ‘Big Hat No Cattle’ mean? Who do you know who might fall into that category?

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Q10. What thoughts or insights did you take away from the discussion under ‘Portrait of a Millionaire’?

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Q11. Define: Wealthy, Income, Assets, Liabilities, and Net worth.

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Q12. Find out if you’re wealthy using the calculator we developed based on the discussion in MND at: What insights did you glean from doing the calculation?

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Q13. Who can you trace in your ancestry that was rich? How did they make their money? How many generations did it last?

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Q14. Is being ‘thrifty’ a trait you find desirable or attractive? What’s the difference between being thrifty, and being miserly? What’s the opposite of thrifty? Where are you on the spectrum?

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Q15. Name at least one new idea, insight, thought or revelation that you gleaned from this week’s study?

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