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Coming a Millionaire
Coming a MillionaireCHAPTER 3, LESSON 2
1. This excerpt uses two words to describe intentionality. What are those two words and
what do they mean?
2. Consider what you already know about saving. What are some reasons you should be
intentional about saving money? In other words, what should you save for?
3. What percent of the millionaires surveyed intentionally live on less than they make?
What does living on less than you make mean?
4. What percent of the millionaires surveyed plan ahead and save for large purchases?
How is this a deciding action?
5. What percent of the millionaires surveyed stick to the budgets they create? How is this
a deciding action?
6. How do the actions of living on less than you make, saving for large purchases, and
sticking to a budget represent deciding actions?
Final answer:Intentional saving and budgeting are key factors in wealthaccumulationand financial security. Many millionaires employ strategies such as living below their means, saving for large purchases, and sticking to a budget, which are all proactive and disciplined actions. These strategies contribute to their long-term financial success.Explanation:The provided excerpt does not exactly provide the two words used to describe intentionality, so I cannot give a direct answer to the first question. However, in the context of money and wealth building, 'intentionality' might refer to deliberate decision-making and proactive strategies.The importance of saving money intentionally can be attributed to several reasons. Some of these reasons include preparing for unexpected expenses, saving up for large purchases, investing in one's education or a business, and building a retirement fund.The excerpt does not provide specificpercentagesrelated to how millionaires manage their finances. However, in general, many millionaires live below their means, which means they spend less than they earn to accumulate wealth. This is often a deciding factor in their financial success.Again, though no specific percentages are given, it's common for millionaires to plan and save for big purchases rather than acquiring debt. This is a deciding action because it involves foresight and disciplined budgeting.No specific percentages are given about the millionaires sticking to their budgets in the excerpt, but sticking to a budget regularly is a deciding action because it ensures one does not overspend and stays on track with their savings and financial goals.Living on less than you make, saving for large purchases, and sticking to a budget can all be classified as deciding actions because they're all proactive strategies that require discipline, planning, and intentional decision-making to build wealth and secure one's financial future.Learn more about Wealth Building here:brainly.com/question/29392702#SPJ2...