The Millionaire Next Door (Q45)

[BLBRIZZI]

I'm currently reading parts of this book: The Milliionaire Next Door, and have come acrossed a few Infiniti mentions. In the chapter: You Aren't What You Drive, page 123 in my book, (there may be more updated versions) it mentions that Q45's are a somewhat popular model of some millionaires. It also says that they buy a lot of Detroit models that are usually quite large vehicles, and cheap by the pound. Another Infiniti mention is on page 116, where again they talk about popular makes that millionaires like to buy. Just thought it worth mentioning, oh, and the rest of the book is interesting reading also.

Brent

99 I30t

[Jason B]

Here is one:

[nuQ]

i also read the book a few years, very interesting, and, many good tips on buying smart(not only cars but homes, etc.). the point the author was making about mentioning the Q as a car many "smart" millionaires buy, was that new cars are a bad investment since they depreciate so much, so quickly. the truly smart businessmen will look for a used car (like the Q) that doesn't hold it's value very well and wait to pounce on a well priced used (letting the original owner eat up all that depreciation). the very tactic that has been mentioned on this site many times by some of our savvy members!!!! jeff

[Jberger]

Not to mention the Q had not been on the market too long after they started the research for the book. No telling where it would be listed today.

Fun Read!I'd recommend Dave Ramsey's Financial Peace in conjunction with the Millionaire Next Door.

We are adopting both books as part of our "required reads" for new employees. We like to get them to think like owners and those 2 texts really help them understand what we are trying to build.

[Q451990]

We are adopting both books as part of our "required reads" for new employees. We like to get them to think like owners and those 2 texts really help them understand what we are trying to build.

What kind of work do you do? Sounds like a good policy regardless of what business you're in. After reading that book, I felt a lot better about my "frugal" (that's the word we cheap people like to use) ways! I love those new commercials for Hotwire where they ask things like "do you re-use tea bags?" or "have you ever run paper plates through the dishwasher?"

My biggest problem is not calculating the value of my time - I end up doing stuff like DIY window tint on my truck - saved $50 or $80 but it was a real PITA and took a day... at least when I'm working on the Q I can claim that it's a hobby since I actually enjoy it!

Heath

[nuQ]

AMEN HEATH!!!!!! IT IS ACTUALLY RELAXING FOR ME MAKING MY Q LOOK AND DRIVE LIKE NEW! JEFF

[apoorboy]

That’s really interesting that you have read Dave Ramsey financial peace. I am almost through the book and so far it has helped me out. Some of the techniques he recommends for budgeting your money are cool but hard to follow. I actually own a 240 but i bought it after I started listening to Dave’s tapes. Basically buy a car that is a few years old and make payments to your self and when you go to buy a new car you will have the money up front. I wish i would have read that book when i was 17. I have never heard of millionaire next door but ill have to pick that book up as well.Joel

[Jberger]

In response to Q451990,

I'm in a startup IT Firm and we constantly work to make every penny count. I left a nice job with Novell, so I'm VERY committed to seeing this business become sucessful. One of the leading causes of small business failure is undercapitalization coupled with poor spending habits. We are determined it will not be a problem with us.

At first, the guys (systems engineers) snickered when we scouted eBay or really worked with a vendor for special pricing, but the efforts are paying off and everyone reaps the rewards.

As a result, it's now the "in" thing to say how much you've saved a client, not what you've billed em. How much you saved them on a new piece of gear or what kind of insane discount you worked out for them with a manufacturer.

We've gotten more and more of the folks turned on to the idea of financial independance and smart money management, and it shows both in thier personal and professional efforts. Not to mention the contribution it makes to our bottom line, thus everyone's financial stability!

[Jeff Williams]

Another thing Millionares look for, is $$ per pound, when it comes to automobiles. Try to compare a 5,200# car for $52,00.00 to a 3,600# car for $72,000.00 The millionare got more for his money, on the Q, and that is the name of the game.

[911/Q45]

The Q is a good example of that kind of thinking. A friend bought an Oldsmobile because he insisted on getting "the best deal". He's been miserable with it ever since. The best deal only applies when you are getting what you want, sometimes that involves paying more.