Recently read the book the Top 10 Distinctions between Millionaires and the Middle Class by Keith Cameron Smith, Random House 2007. Besides millionaires have more money, Mr. Smith outlines some philosophies that may or may not be end you millionaire he does have some good points.

5. Millionaires work for profits, the middle class works for wages. Wages are the pay you receive for the work you do. Profits are the result of buying something for one price and selling it at a higher price. Millionaires are in the sales business.

4. Millionaires believe they must be generous, the middle class believes it can not afford to give.

3. Millionaires have multiple sources of income, the middle class has only one or two. The trick to developing multiple sources of income is to focus on making them passive income. The idea is not for you to do everything, let you team work for you and to practice intentional congruence – doing things on purpose and connected to each other.

2 Millionaires focus on increasing their net worth, the middle class focuses on increasing its paychecks. Run a profitable small business to take advantage of the tax system and invest in assets

1. Millionaires ask themselves empowering questions, the middle class ask themselves disempowering questions. Which is more empowering How can I double my income this year? How can I get enough money to pay the bills this month? Empowering questions ask what you can do and disempowering questions ask what you can not do?

Linking to dividend paying stocks, some of the examples of passive income (dividends), taking advantage of the tax system, and the company makes profits all fit into dividend producing stocks.

There are more questions than answers, till the next time – to raising questions