Dad's Guide to Being a Millionaire

Why the super car?
Since women prefer an quite and comfy car why do guys buy super cars? It is so simple. If you drive a Rolls Royce you are a chauffeur. If you drive a super car you are the the man.

How to marry a rich man.
Those that know do not talk. Those that talk do not know. This Zen saying applies to those telling you how to marry a rich man. No Billionaire's wife is giving advice on how to steal her man. The ones giving advice are single women.

Use a calendar to budget. Some expenses only show up every 3 months and some once a year. Be ready for them. They can stack up in the same month and be more than the months income ouch.

On manners.
I knew a guy who was denied a promotion and latter forced to retire because his manners were not good enough. Of course
that was not the official explanation. So start with the obvious.
Do not chew gum or chew with your mouth open. Do not listen
to your family or friends who don't know either. I recommend the Miss Manners books and column etc. She Explains American
manners. English manners are different.

How to buy a car.
New, used, how old? We need a real number not just guess work. According to the extended warranty companies cars last 150,000
miles max. S o to figure cost per mile take the price and divide it
by the miles remaining. For example a use luxury car costs 16000
dollars and a new econo box costs 24000 dollars. the remaing miles on the luxury car are 150,000 minus 60,000 giving 90,000 miles
remaining. 16,000 divided by 90,000 gives 0.178 or 17.8 cents per
mile. 24,000 divided by 150,000 gives 0.168 or 16.8 cents per mile.
One cent a mile gives you 1,500 less cost for the new car. This can give you the cost of any car. It does not include gas, taxes repairs
or a loan. Use the method and avoid the trap of a over priced used car.

Tis a puzzlement. Rags to rags in 3 generations. with the fourth having only 3 percent of the original money. Yet kids of high income parents go on to have high income. I do not have an answer or even a speculation. I would like to know.

Luxury vs status symbol. No one comes out and says what they are selling is just a status symbol. An example of a pure luxury is silk under wear no one knows . The big shiny super car is a status symbol or a toy. Lots of things can be a combination..

Saving money.
My medical insurance helps pay my gym bill. Yours might too they don't advertise this so you have to look. Saving over $500 a year
fast forward 10 years is 5 k saved just for 10 minutes of paper work.

The first rule of old money is don't talk about money. Where did you think fight club got that line. The old saying rags to rags in three generations is mostly true. The families that beat this rule are old money. This is not about the size of the pot but how old it is.
Old money is in the middle class and upper middle class not just the rich. The guy who has a share in the old family farm or business
are common examples. A trust fund is the trope. Even with old money he still has to work, how to spot the old money. The guy living in his moms basement could be old money. The college kid with no student loans could be. They wont tell.

i bonds now pay 7.12 percent. This wont last long. I was wrong they are now over 9 percent.