Millionaire By 50? Maybe that sounds like a very challenging goal to you. It’s not. Becoming a Millionaire By 50 is easy when you start your plan early and stick to it.
The 12 Collegiate Lessons in Personal Finance will teach you how to become a Millionaire By 50.
BASED ON THE THREE LAWS OF PERSONAL FINANCE, Millionaire By 50 is my goal for the course.
If you’ve ever thought about becoming a Millionaire By 50, I hope you will consider joining me.
The semester will begin on August 27, 2013. The #podcast has already begun! You can subscribe in iTunes, Stitcher radio, TuneIn Radio, or anywhere that #Podcasts play.
iMakeYourMoneyCount.com presents Millionaire By 50
12 lessons in personal finance. Based on the three laws personal-finance. Designed to help you become a millionaire by 50.
Here is a snapshot of the 12 lessons, the three laws, and the goal: millionaire by 50
1. The Law of Spending and Saving simply says: Spend less than you earn and save more for what matters most.
This first lesson moves us into a discussion about the powerful influences that drive your financial behavior. As a Certified Financial Planner® I spent a lot of time studying Behavioral Finance. The Psychology of Money has been one of my passions since I was a college student.
I’ll share some of what I’ve learned over the years so that you get to know, like, and trust me. Or not…
My goal in this first lesson is to make it absolutely clear that “Becoming a Millionaire by 50 is not rocket science!
2. Creating Your Spending Plan to Be a Millionaire By 50
Becoming a Millionaire by 50 doesn’t happen accidentally. You need a well defined spending and saving plan If you want to be a millionaire by 50. The First Law of Personal Finance is the Law of Spending and Saving. Spend Less Than You Earn and Save More for What matters most. And, if your goal is to be a millionaire by 50, it’s that simple.
3. Your Debt Score Can help you or hurt you in your quest to become a millionaire by 50
The idea that you “need to build a good credit score”, can lead you down a dangerous road. Becoming a millionaire by 50 requires that you understand how credit scoring works. We’ll highlight some of the danger signs and wave a red warning flag to help you see why No Debt is Cool and necessary in order to become a millionaire by 50.
4. Credit bureaus, scores, reports, and the Law
Debt-prevention is the first and best choice For anyone who wants to become a millionaire by 50. Learning how to deal with debt – and how to clean up your debt mess is the subject of this lesson.
Managing debt is essential for anyone who wants to become a millionaire by 50.
5. The Law of Purpose and Commitment
The Most Important Law of Personal Finance is The Law of Purpose and Commitment. That’s the subject of lesson five. Becoming a millionaire by 50 is a goal. Becoming a millionaire by 50 should not be your life purpose. And, it doesn’t have to be!
Imagine for a moment that you were absolutely clear about your life purpose… Becoming a millionaire by 50 may be a good thing in terms of achieving that purpose. That is my premise for this goal: become a millionaire by 50
You may not be crystal clear about your life purpose today. That’s okay. Maybe, by the time you’re 50, you’ll be more clear about your purpose. By that time, a little extra money in the bank might help you do something good for the world. Or, you could be buried in debt, barely above water, or one paycheck from disaster. Look around. Do you see what I see?
Let’s do something different – together. I can help you become a millionaire by 50.
6. Managing money, life, and relationships
This lesson describes the general differences that exist between men and women as they relate to money. Opposites attract – and sometimes explode! If your goal is to become a millionaire by 50 and your spouse doesn’t really buy into that, you will experience a few challenges. Face it, you could become a millionaire by 50 and not be a millionaire by Friday. Trust me. I’ve been there and done that. And, Connie had nothing to do with what happened on Friday.
7. Caveat Emptor – Buyer Beware!
Everybody wants to get your money in their pocket. If you really want to be a millionaire 50, you need a better place for your money than in somebody else’s pocket. This lesson describes four ways companies compete for your money, clarifies the rules, boundaries, and limitations for making BIG purchases, and highlights the goal of Becoming a millionaire by 50 and its impact on your purchasing decisions.
8. The seven rules for powerful negotiation
Everything is Negotiable Including your goal to be a millionaire by 50. Discover the seven rules for powerful negotiating. And, learn some proven ways to find good deals. Every dollar you save, goes somewhere – like to your goal of becoming a millionaire by 50. Also, we’ll discuss a few key ways to save money, get out of debt, And become a millionaire by 50.
9. The insurance crash course for Everyone who wants to be a millionaire by 50
What every consumer must know about the six basic types of insurance. Learn the right type to buy, how much to buy, and when to buy…
5. Long-Term Care, and
6. Life Insurance.
Let’s say you achieve your goal of being a millionaire by 50… You think your insurance needs will change? As a college student working toward the goal of becoming a millionaire by 50, you will need to be an informed insurance consumer. This lesson will help you do just that.
10. The Law of Tax-Advantaged Investing for people who want to be a millionaire by 50
The three most effective investment strategies available: “DAD”
2. Asset Allocation
11. The Law of Tax-Advantaged Investing – part two
Which “TYPES” of retirement accounts will you employ in order to become a Millionaire By 50?
We’ll summarize ways to maximize each of these “types” of accounts, company matches, and compare different types of investment vehicles and asset classes to help you become a Millionaire By 50.
12. Becoming a Millionaire by 50 through real estate investments
What are the financial benefits – and drawbacks – of owning a home? Learn how to maximize the sale of your first home. And, understand the major types of home mortgages (fixed rate mortgage, adjustable rate mortgage, reverse mortgage, accelerated or biweekly payoff) and how they work for you or against you as you pursue your goal to be a Millionaire By 50.
Don’t forget. Subscribing iTunes today! Or, subscribe with your email at iMakeYourMoneyCount.com.
See you next week on the #podcast!
#MunchMac in Houston, Texas.
PS: I’m on vacation this week. This is the first time I had posted using my iPhone app for WordPress. Sorry about the typos. I will fix them later