How To Become A Millionaire By Not Buying Expensive Coffee - Coffee Millionaires

Subscribe To My YouTube Channel: https://goo.gl/6b7wom Like My Facebook Page: https://goo.gl/9aQxJw Books referenced during this episode: The Richest Man in Babylon: The Success Secrets of the Ancients--the Most Inspiring Book on Wealth Ever Written: George S. Clason. This book talks about how to save a 10th of everything you earn. Get the book here: http://geni.us/Kimt6 The Millionaire Next Door: The Surprising Secrets of America's Wealthy: Thomas J. Stanley Ph.D. This book talks about the traits of millionaires. Get the book here: http://geni.us/XAwkTW7 Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That The Poor And Middle Class Do Not!: Robert T. Kiyosaki This book talks about investing in different assets. Get the book here: http://geni.us/HCi1 Plunder and Deceit: Big Government's Exploitation of Young People and the Future: Mark R. Levin This book talks about how your pension is surrounded by deceit. Get the book here: http://geni.us/vEGOHHW Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School: Andrew Hallam This book talks about investing in stocks and bonds. Get the book here: http://geni.us/gzQCKBd The Millionaire Real Estate Investor: Gary Keller This book talks about investing in Real Estate. Get the book here: http://geni.us/hFZj7w Episode summary: For every 10 dollars you earn, pay yourself one dollar. And then spend the rest of the 9 dollars but keep your 1 dollar safe. Save every month automatically, do not rely on your willpower. If someone takes 10% of your money you will not notice it, as the government already takes 50%. You work for free for most of the year, so pay yourself 10%. Money is supposed to multiply due to interest. Saving money loses money due to inflation. With an average return on your investment, you will become a millionaire. The Full Script: Let start with capitalism, you were told that a few people hold all the wealth. And they were, in fact, responsible for your lack of wealth. As wealth is generational. Lets analyze the validity of this claim. If this is true, the only way we had a chance to get rich or least make it was if we were to redistribute the wealth of the rich. But is it possible for the little guy or girl to become a millionaire? Most forms of traditional media say no. But according to the research from the Book The Millionaire Next Door. Most People are first generation rich. In fact, 80% of millionaires were either poor or in the middle class before becoming millionaires. The majority of wealth is not passed on generationally but is created during a lifetime. So if the system is not rigged? How do I become rich? The key to becoming rich is not complex but extremely simple. According to the book The Richest Man In Babylon a tenth of everything you earn is yours to keep. Its simple, if you spend 90% of your income you must keep 10% for yourself. If you set aside 10% of your income for yourself, you will indeed become a millionaire over your lifetime. Robert Kiyosaki described this as paying yourself first in the best selling book Rich Dad Poor Dad. But you might be saying to yourself I can't afford to put aside 10% of my income. If that is true, you must answer this question. But then how is it possible that you give the government over 50% of your income in taxes. About 33% in income taxes and the rest in sales and property tax. To be honest 10% would not even make a difference as you can afford to pay 50% or more of your income every month without fail to the government. Now you might be saying, I don’t work 6 months of the year for free and give up 50% of my income, I get my CPP, Social Security or Pension in return. Here is the retirement road map. You work hard and you pay the Government taxes to ensure your future. Essentially if you pay up, the government will protect you. It's the same promise most mobs make as well. But are mobsters and government officials truthful? Let’s find out. If this is true there should be a livable income coming from your pension. But there is no treasure at the end. Your ship has already sailed. Because the current money being invested in government backed retirement plans goes to pay for existing retirees. It is not invested. I repeat it is not invested. Your pension is a Ponzi Scheme. Not figuratively, literally. If this was a business they would be prosecuted like a criminal and thrown in jail. Let's look at the retirement rate where I live to illustrate this fraud. The Max Retirement amount = $1092 and almost no one gets the maximum. They get close to $500-$700 That’s not enough to live in a house, so let's see if they can live in a car. A Car Cost $594 (Car Payment)+$400 (Insurance...Canada eh)+$1000 (Winter Tires...Oh Canada) +$100 (Gas) = $2094 Your contributions to retirement yielded a bad return on your investment..... How To Become A Millionaire By Not Buying Expensive Coffee

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