eportfolio assignment - the millionaire next door 4-5

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Questions - The Millionaire Next Door After reading The Millionaire Next Door, answer the following ten (10) questions and compose your Reflective Writing. 1. Explain the following two (2) concepts addressed in The Millionaire Next Door:  “Big Hat, No Cattle”  “Go to Hell Fund” 2. In the examples of Mr. Richards (PAW) & Mr. Ford (UAW), both men are close in age & yearly income. Explain why Mr. Richards has nearly five times the net worth of Mr. Ford. (Be specific). 3. Pr
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   4 Fin 1050 - Joe Howell Questions - The Millionaire Next Door After reading The Millionaire Next Door , answer the following ten (10) questions and compose your Reflective Writing. 1.   Explain the following two (2) concepts addressed in The Millionaire Next Door :    “Big Hat, No Cattle”    “Go to Hell Fund” 2.   In the examples of Mr. Richards (PAW) & Mr. Ford (UAW), both men are close in age & yearly income. Explain why Mr. Richards has nearly five times the net worth of Mr. Ford. (Be specific) . 3.   Provide short answers to the following three (3) questions:    “Most people will never become wealthy in one generation if they are married to people who are ______________.”    Upon giving his wife $8 million of stock, from taking his company public, what did his wife continue doing?    Why would someone who is a millionaire need to budget? 4.   In the example of Theodore “Teddy” J. Friend and his parents, answer the following two (2) questions:    The book describes Teddy as being “possessed by possessions.” Explain this comment.    What was the “small change” Teddy’s parents could have made that would put them in the millionaire category? (Be specific.)  5.   Mr. Rodney is a high-income/low-net worth corporate manager. Explain why he is described as having “sold his financial independence.” 6.   Why did Mr. W.W. Allan decline the gift of a Rolls-Royce? 7.   Regarding Economic Outpatient Care (EOC), answer the following four (4) questions:    Explain this statement: “The more dollars adult children receive, the fewer they accumulate.”    What is the likely financial outcome for Mary & Lamar once her Mother passes away?    The parents of Ms. BPF were determined to give their daughter every advantage. After they created an “ideal” environment for her, what was the result?    In the case of Laura (A Woman of Great Courage), explain the primary message derived from her story?   5 Fin 1050 - Joe Howell 8.   Regarding Affirmative Action, Family Style, answer the following three (3) questions:    In the example of sisters Ann & Beth, describe the consequences to Beth & her husband from receiving EOC?    Explain the concept “weakening the weak.”    Select one of the Rules for Affluent Parents & Productive Children  & explain why you think this rule is most important. 9.   Explain the root cause for the conflict between Mr. W & the residents of the vacation condominiums. (HINT: It’s not because of his dog.)  10.   Now that you have finished reading  The Millionaire Next Door , answer the following questions in a minimum of three (3) paragraphs:    What are the two (2) concepts you found most useful? Explain why.    Give a specific example of one small change you can make to improve your financial well-being. Reflective Writing Compose 2-3 paragraphs explaining how completing this assignment helped you achieve at least two (2) of the SLCC Learning Outcomes:    Learning Outcome #1 (Paragraph #1)      Learning Outcome #2 (Paragraph #2)  
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