The Automatic Millionaire Quotes

How can well-educated, high-income people be so naive about money? Because being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing.

You are a child of God. Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us. It is not just in some of us; it is in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.

Would you believe me if I told you that there’s an investment strategy that a seven-year-old could understand, will take you fifteen minutes of work per year, outperform 90 percent of finance professionals in the long run, and make you a millionaire over time?   Well, it is true, and here it is: Start by saving 15 percent of your salary at age 25 into a 401(k) plan, an IRA, or a taxable account (or all three). Put equal amounts of that 15 percent into just three different mutual funds:   A U.S. total stock market index fund An international total stock market index fund A U.S. total bond market index fund.   Over time, the three funds will grow at different rates, so once per year you’ll adjust their amounts so that they’re again equal. (That’s the fifteen minutes per year, assuming you’ve enrolled in an automatic savings plan.)   That’s it; if you can follow this simple recipe throughout your working career, you will almost certainly beat out most professional investors. More importantly, you’ll likely accumulate enough savings to retire comfortably.

A latte spurned is a fortune earned.

There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us. It is not just in some of us; it is in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.

One way to get a life and keep it is to put energy into being an S&M (success and money) queen. I first heard this term in Karen Salmansohn’s fabulous book The 30-Day Plan to Whip Your Career Into Submission. Here’s how to do it: be a star at work. I don’t care if you flip burgers at McDonald’s or run a Fortune 500 company. Do everything with totality and excellence. Show up on time, all the time. Do what you say you will do. Contribute ideas. Take care of the people around you. Solve problems. Be an agent for change. Invest in being the best in your industry or the best in the world! If you’ve been thinking about changing professions, that’s even more reason to be a star at your current job. Operating with excellence now will get you back up to speed mentally and energetically so you can hit the ground running in your new position. It will also create good karma. When and if you finally do leave, your current employers will be happy to support you with a great reference and often leave an open door for additional work in the future. If you’re an entrepreneur, look at ways to enhance your business. Is there a new product or service you’ve wanted to offer? How can you create raving fans by making your customer service sparkle? How can you reach more people with your product or service? Can you impact thousands or even millions more? Let’s not forget the M in S&M. Getting a life and keeping it includes having strong financial health as well. This area is crucial because many women delay taking charge of their financial lives as they believe (or have been culturally conditioned to believe) that a man will come along and take care of it for them. This is a setup for disaster. You are an intelligent and capable woman. If you want to fully unleash your irresistibility, invest in your financial health now and don’t stop once you get involved in a relationship. If money management is a challenge for you, I highly recommend my favorite financial coach: David Bach. He is the bestselling author of many books, including The Automatic Millionaire, Smart Women Finish Rich, and Smart Couples Finish Rich. His advice is clear-cut and straightforward, and, most important, it works.

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light, not our darkness that most frightens us. We ask ourselves, ‘Who am I to be brilliant, gorgeous, talented, fabulous?’ Actually, who are you not to be? You are a child of God. Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people won’t feel insecure around you. We are all meant to shine, as children do. We were born to make manifest the glory of God that is within us. It’s not just in some of us; it’s in everyone. And as we let our own light shine, we unconsciously give other people permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.

Conceive a world-society developed materially far beyond the wildest dreams of America. Unlimited power, derived partly from the artificial disintegration of atoms, partly from the actual annihilation of matter through the union of electrons and protons to form radiation, completely abolished the whole grotesque burden of drudgery which hitherto had seemed the inescapable price of civilization, nay of life itself. The vast economic routine of the world-community was carried on by the mere touching of appropriate buttons. Transport, mining, manufacture, and even agriculture were performed in this manner. And indeed in most cases the systematic co-ordination of these activities was itself the work of self-regulating machinery. Thus, not only was there no longer need for any human beings to spend their lives in unskilled monotonous labour, but further, much that earlier races would have regarded as highly skilled though stereotyped work, was now carried on by machinery. Only the pioneering of industry, the endless exhilarating research, invention, design and reorganization, which is incurred by an ever-changing society, still engaged the minds of men and women. And though this work was of course immense, it could not occupy the whole attention of a great world-community. Thus very much of the energy of the race was free to occupy itself with other no less difficult and exacting matters, or to seek recreation in its many admirable sports and arts. Materially every individual was a multi-millionaire, in that he had at his beck and call a great diversity of powerful mechanisms; but also he was a penniless friar, for he had no vestige of economic control over any other human being. He could fly through the upper air to the ends of the earth in an hour, or hang idle among the clouds all day long. His flying machine was no cumbersome aeroplane, but either a wingless aerial boat, or a mere suit of overalls in which he could disport himself with the freedom of a bird. Not only in the air, but in the sea also, he was free. He could stroll about the ocean bed, or gambol with the deep-sea fishes. And for habitation he could make his home, as he willed, either in a shack in the wilderness or in one of the great pylons which dwarfed the architecture even of the American age. He could possess this huge palace in loneliness and fill it with his possessions, to be automatically cared for without human service; or he could join with others and create a hive of social life. All these amenities he took for granted as the savage takes for granted the air which he breathes. And because they were as universally available as air, no one craved them in excess, and no one grudged another the use of them.

I made a long speech in bad French in which I admitted that I was no critic, that I was always passionate and prejudiced, that I had no reverence for anything except what I liked. I told them that I was an ignoramus, which they tried to deny vigorously. I saidl would rather tell them stories. I began—about a bum who had tried to hit me up for a dime one evening as I was walking towards the Brooklyn Bridge. I explained how I had said No to the man automatically and then, after I had walked a few yards it suddenly came to me that a man had asked me for something and I ran back and spoke to him. But instead of giving him a dime or a quarter, which I could easily have done, I told him that I was broke, that I had wanted to let him know that, that was all. And the man had said to me—"do you mean that, buddy? Why, if that's the way it is, I'll be glad to give you a dime myself." And I let him give it to me, and I thanked him warmly, and walked off. They thought it a very interesting story. So that's how it was in America? Strange country ... anything could happen there. "Yes," I said, "a very strange country," and I thought to myself that it was wonderful not to be there any more and God willing I'd never return to it. "And what is it about Greece that makes you like it so much?" asked someone. I smiled. "The light and the poverty," I said. "You're a romantic," said the man. "Yes," I said, "I'm crazy enough to believe that the happiest man on earth is the man with the fewest needs. And I also believe that if you have light, such as you have here, all ugliness is obliterated. Since I've come to your country I know that light is holy: Greece is a holy land to me." "But have you seen how poor the people are, how wretchedly they live?" "I've seen worse wretchedness in America," I said. "Poverty alone doesn't make people wretched." "You can say that because you have sufficient …." "I can say it because I've been poor all my life," I retorted. "I'm poor now," I added. "I have just'enough to get back to Athens. When I get to Athens I'll have to think how to get more. It isn't money that sustains me—it's the faith I have in myself, in my own powers. In spirit I am a millionaire—maybe that's the best thing about America, that you believe you'll rise again." "Yes, yes," said Tsoutsou, clapping his hands, "that's the wonderful thing about America: you don't know what defeat is." He filled the glasses again and rose to make a toast "To America!" he said, "long may it live!" "To Henry Miller!" said another, "because he believes in himself.

Once the decision is out of your hands, there’s no way you can be tempted into doing the wrong thing.

The Automatic Millionaire by David Bach:

eBay: Because eBay tracks feedback and allows both buyers and sellers to rate one another, it is a good idea to buy a few things on-line before you try to sell something so that you can validate your good name. Buy cheap things; pay promptly. Request feedback if none is provided automatically. Give the seller feedback. Then, sell your least valuable things first and work up to something like a car where feedback would be key.

Remember, inspiration unused is merely entertainment. To get new results, you need to take new actions.

being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing. What

Renunciation of possessions, however, will not automatically free you of the ego. It will attempt to ensure its survival by finding something else to identity with, for example, a mental image of yourself as someone who has transcended all interest in material possessions and is therefore superior, is more spiritual than others. There are people who have renounced all possessions but have a bigger ego than some millionaires. If you take away one kind of identification, the ego will quickly find another.

Fulfillment—the Third Ingredient Essential to Producing Passion. Fulfillment is the third ingredient necessary to produce a passion. The good news is that you don’t have to do anything extra to develop this ingredient. It happens automatically as you complete each step toward your dream. Each time you complete a task, step, or goal, you think to yourself, “Wow! I did it! I’m that much