Chapter 2 Review

Subject: Business-to-Business Marketing

Paper Model: APA

Paper Type: Article

Total Words: 339

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Review

There are questions, which asked from the millionaire households. A survey is conducted to asked them these questions; the first one is that was your parents were a habit of saving? Is your spouse save more than you are? By research, it is find out that 95 percent of millionaires households are consist of married couple. Men considered the player that generates income. Without the struggle of both members (men and her spouse), one cannot be able to become successful millionaire household.  Budgeting and planning are the two pillars of accretion of wealth. Latest survey found that 35 percent auctioneers are millionaires because they are thrifty. They form their annual budget, which helps them to spend according to the variety of shoes, clothing and shelter. For every 100 millionaires give the answer no when asked them are you goals oriented but 180 who answered yes. They have clearly defined set of daily, weekly, monthly, annual and lifetime goals. The household millionaires spend a lot of their time in planning their financial future. To maintain the position of millionaires it is necessary to work hard because the better off level can be achieved by working very hard. Some millionaires have a strategy to maintain their level they do the credit shopping and buy expensive thing on credit and then fear to buy their debt they worked hard. However, some maintain their level by frugal and they do not spend a lot of amount on food, shelter and watches.  In the survey, a typical millionaire has less than 7 percent wealth of his total annual realized income. Less than 7 percent wealth is subject to some form of income tax. The latest study of millionaires found 6.7 percent. The millionaires know they increase their income by spending more. The more they increase their income the more they pay taxes. It is an important to become millionaires in the future:

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