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Is It Good or Bad to Think Like Millionaires? (FB question)

October 26, 2011by Susan Beacham1 Comment

With the last post yesterday about the 5 Tips to Help Kids Think Like Millionaires, I received the following comment from a Facebook follower:

“Think about some of the millionaires in this country. They don’t pay taxes or pay their employees a fair salary. Personally, I don’t want my kids to think like Donald Trump. Is there another way you can frame this idea?” – Susan W.

You may share Susan’s opinion about millionaires.  So I thought I’d post my response to her question to add perspective on the meaning of “millionaire” in the advice I just finished posting this week:

The Millionaire Next Door book

Nope – not talking about the Donald Trumps of the world – I am talking about the good, solid people in the book “The Millionaire Next Door“, by Thomas Stanley. These people are our neighbors, teachers, fellow congregants – in other words normal, hard-working people that understand that you need to save some, spend wisely, donate and invest for your future.  Go to the library and read this book – and if you still want me to re-frame this – let me know and I will take your suggestions to heart.

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About Susan

A sought-after speaker for financial institutions, state regulatory agencies, trade associations, leadership conferences and schools, she is the creator of the Money Savvy Pig piggy bank-- the centerpiece of the Money Savvy Kids Basic Personal Finance Curriculum.

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