2019 – 2020 PPP



Questions 1 to 96 were covered in prior webinars.

|Chapter 8: Jobs: Millionaires versus Heirs |

All good things come to an end, and so must our study of The Millionaire Next Door. In this final study we will review some of the themes of the book as we try to answer the question of which career or job is best for us, and our loved ones, if they hope to find financial favour.

“…there are no sure steps one can take to become wealthy.” (p. 228)

Q97. Explain whether or not you agree with this statement.

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“Many external and often uncontrollable factors influence the profitability of industries and firms within those industries.”

(p. 230)

Q98. Identify and explain one new trend and / or opportunity that you see emerging post-pandemic in your line of work and / or expertise.

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Q99. Why do you think the self-employed people (i.e. business owners) are the most affluent? Does this mean that owning your own business makes it more likely you will become financially better off than an employee?

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Q100. Explain whether you prefer entrepreneurial spirit, or job safety and security. Where do you think this preference stems from?

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Q101. What do entrepreneurs sell? What do professionals sell? What are you ‘selling’?

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Q102. What does this mean: ‘A second-generation’s capital is their intellect.’ What is the first generation’s capital?

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Q103. What are some examples of modern day ‘dull normal’ businesses or careers?

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Q104. Explain how the executives and the entrepreneurs perceived risk differently (see p 238 – 239). What new things has the pandemic taught you about risk?

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Q105. What is the one characteristic that the most successful business owners interviewed had? To what extent do you have it?

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Q106. How did the authors define courage? Applying this definition, how courageous are you?

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Q107. Identify at least one insight you gleaned from the case study of Mr. W.

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Q108. Identify at least one new idea, insight, thought or revelation that you gleaned from this week’s study?

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For continued discussion on Facebook…

Q109. What would you say was your biggest insight you gained from studying The Millionaire Next Door? How do you plan on applying that insight in your life?

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