Friday, June 19, 2009

Part 7 - Millionaires vs the Middle Class

Below is part 7 in my series of Bloggs about “The Top Ten Distinctions Between Millionaires and the Middle Class” by Keith Smith.

Distinction 4 – Millionaires believe they must be generous. The middle class believes it can’t afford to give.

“Not all millionaires are generous, but the happy ones are! Most millionaires believe in the law of sowing and reaping. They see money as a seed. They know if they are generous they will receive more in return.”

One important point to make is that millionaires typically do not give to get. They give to give. People who give to get something in return usually don’t receive any reciprocity because they are not really giving. Another thing millionaires do whenever possible is to give anonymously. They give anonymously because once again they are not giving to get something in return, and if you give to get recognition or a big pat on the back, then you are missing the true joy of giving unconditionally. To me there are very few feelings that match the feeling I get when I do something for someone or buy something for someone and they have no idea who blessed them with this act of kindness.

Another important point is that it is not the amount of the gift that matters. It is the intention of the giver. Millionaires can give large sums of monies to charities and they can make a big difference. Most likely if you are like me, stroking a check for $100,000 is not a possibility, even $100 right now is pushing it. But, you can give your restaurant sever an extra $10 or $20 on their tip, or if the person next to you at the grocery store only has a couple of items in their basket, pay for them. You never know how much an extra $10 or $20 might mean to someone else. I could be milk, bread, and Peanut butter for their hungry kids at home, or pack of diapers, or by paying for the elderly woman’s groceries, now she can afford to go and buy her prescription medicine this week. Little things that we may take for granted may be a huge deal to someone else.

One last point I want to make is that millionaires are not only generous with their money, but they are also generous with their time and abilities. One of the best ways to give to someone else is to volunteer your time or put your skills to work for someone in need. I know a nurse who volunteers one day a month at a free clinic treating patients, administering shots, and bandaging wounds. Or, if you are an accountant, maybe prepare some tax returns at no cost to someone struggling to get by. Volunteer with Habitat for Humanity, or help your elderly neighbor maintain their home by cutting their grass for them for free so they do not have to pay someone. There are things all around that you can do to help someone in need.

“It is a good habit to be generous; to make sure money never controls you. I once heard a spiritual teacher tell of a test you can do to see if you possess your money, or your money possesses you. The test: give it away. If you can do that, then you possess your money. If you can’t, then your money possesses you.”

Lastly, I have two quotes for you.

“If you give it out in slices, it will come back to you in loaves” Brian Buffini

“Always give without remembering and always receive without forgetting.” Brain Tracy

It's a Good Life!!!

Greg Novak MBA
Branch Manager
Eagle Nationwide Mortgage Company
Office - 386-756-8228
Cell - 386-846-6686
Fax - 386-756-8108
Web site - www.MyNationwideLender.com

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