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Weekend Millionaire Mindset

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Weekend Millionaire Mindset

How Ordinary People Can Achieve Extraordinary Success

McGraw-Hill,

15 min read
10 take-aways
Text available

What's inside?

You want to become a millionaire? You don’t have to change jobs or earn more money. Just get a new mindset.

Editorial Rating

6

Qualities

  • Applicable

Recommendation

Mike Summey – this book’s co-author with Roger Dawson – has a truly inspirational life story to share. He grew up poor in the coalfields of southern West Virginia, a region of bleak poverty. He hit the road at age 15 to make his fortune. As a young man, he carried a message in his pocket and read it every day: “I will become a millionaire by age 30 and retire by age 50.” And so he did, though he had no formal education beyond “a Ph. D. from the University of Hard Knocks.” Dawson is also impressive: A noted public speaker, he lectures on peak performance and negotiation. His audio program on negotiating produced more than $28 million in revenues, the best-selling program in the history of business cassette publishing. You can learn much about building wealth from these men. They explain how to develop the mindset you need to become a millionaire, persuasively presenting proven (in fact, familiar) methods and strategies for budgeting, saving, investing and managing your money. getAbstract recommends their advice and their attitude.

Summary

You Can Be a Millionaire

Much of today’s society is wealthy, but are you? If not, you are doing something wrong. Maybe a new approach is in order. Getting ahead requires the right attitude: the “Weekend Millionaire Mindset.” It also calls for careful planning. Don’t be the hare that rushes madly into one silly get-rich scheme after another, but never scores the jackpot. Don’t be the tortoise that moves steadily ahead, saving a little, investing a little and banking on a pension at the end of the race. Enron and WorldCom demonstrate the pie-in-the-sky nature of that plan. Instead, be the eagle, flying high above the terrain, ready to swoop down immediately on golden opportunities. Gain elevation and you gain perspective. Hares and tortoises end up as road kill, smashed all over the highway. Soar through life like an eagle instead. If you develop the mindset of a true winner, you, too, can become wealthy.

Start by saving. The amount is not important. Even if you can save only a few dollars each week, do it. Start today. Get in the habit. Deposit money in the bank every week. Don’t throw money away on things you don’t need. Every dollar you waste on an extraneous trifle...

About the Authors

Mike Summey built an outdoor advertising company and, working weekends, developed a real-estate fortune. Roger Dawson, an author and speaker, created the bestselling audio program, Secrets of Power Negotiating. They also co-wrote The Weekend Millionaire's Secrets to Investing in Real Estate.

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    R. C. 6 years ago
    Concrete suggestions for quick actions in topics of Savings, Pay offs, Attitude, Bridgetting and Mindset preparation - in a broad way. Leaves with the necesity to hear the $28MM's nevotiation audios. Highly recommended for establisk quick concrete actions (I set 17!)