Tips For Getting Rich From Self-Made Millionaires

Self-made fortunes all begin the same way: with a good idea and some startup cash. Steal these savings tips from three millionaires who made a little into a lot.

Joyce Bone (Cofounder of Earth Care and author of Millionaire Moms)

SAVED: $10,000; Started an environmental waste management company that became a $125 million business.

“We were living off my husband’s salary… I carried a notebook everywhere I went, wrote down each purchase and tallied up the total at the end of the day. That way, I knew exactly if and where I’d overspent, and I would cut back accordingly… And several times, I saw that the credit card company had charged us a late fee when we were only a day late. Each time, I called right away and was able to get them to rescind the fee.”

Andrew Hallam (High school teacher and author of Millionaire Teacher)

SAVED: $100-$300 a month throughout college; Invested in mutual index funds and some individual stocks, eventually amassing $1.5 million.

“When I was in college, I remember wanting to save $4,000 a year… Having a goal, writing it down and keeping the piece of paper where you can see it every day are key… When I was coming up short, I’d take extra jobs I wouldn’t normally have been motivated to take, like washing buses and mowing lawns. Seeing that number in black and white increased my commitment and spurred me to stick with the program. When I reached my goal, it felt awesome.”

Dani Johnson (Owner of five businesses, author of First Steps to Wealth and mom of five)

SAVED $5,000; Bought weight loss shakes and supplements to sell. Within two years she made her first million.

“Twenty years ago, I was homeless, literally living out of my car… One day, I looked in the back seat and noticed some leftover products for a weight loss program I used before I had hit such hard times… I made a flyer, copying the ad, and posted it at a local post office. Forty people answered that first flyer, and with the $5,000 I got from charging them the retail price, I bought enough products, paying wholesale, to fill my orders and have extra to sell… I continued to buy and sell that way, reinvesting the original seed money…”

Were the real-life testimonials helpful for you? Tell us about your own ways of saving money!

Source: Yahoo News

Image: Hub Pages

Former Student Moves Back In With High School Teacher

The California teen who made national headlines when she and her high school teacher moved in together told a local television station that the two are back together.

Jordan Powers, 18, told a reporter for Sacramento TV station CBS13  that she and James Hooker, 41, are a couple again. The interview was conducted on the steps of Hooker’s apartment in Modesto through a screen door. In an ABC news interview two weeks ago, Powers said she had called off the relationship with Hooker after allegations that the teacher sexually abused another student more than a decade ago. Powers packed her bags and moved  to Ohio with her mom.

Tammie Powers, mother, told the Modesto Bee that she thought the two were seeing each other again.  After they moved away, Hooker called Jordan “relentlessly,” she said. “It is awful,” she said. “This is what pedophiles, predators do. They isolate them from family.”

Hooker was arrested on April 6 for allegedly having a sexual relationship with a 17-year-old student he allegedly met at a high school conference in 1998.  He entered a not guilty plea and remains out on bail. After the break-up, Powers  said Hooker had lied about the affair and the student had “lost everything for this guy” in the ABC interview. Neighbors say Powers moved back in recently.

In February, Hooker quit his job at James Enochs High School and left his wife and three children to be with Powers. She dropped out of high school.  The two told national talk shows that they didn’t have a sexual relationship until she turned 18.  That point is under investigation.

Do you agree with Tammie Powers, that her daughter should end her relationship with James Hooker? Share your thoughts with us!

Source: Yahoo News

Image: Itsybitsy Steps