The Millionaire Mindset

98

Today

is a

GreaT

d ay

Millionaire

3.

4.

5.

location investment documents

Stocks located

Bonds located

Mutual funds located

Other investment records

located

Last Will Data

My will is located

The executor/executrix

named in my will is

In the event of his/her death

Special instructions regarding

my funeral are specified in my

will, letter, other

Location of above

documents

sTraTeGy 4-4:

Make an irrevocable commitment to invest

at least 10% of every dollar you earn.

In 1810, at Ruthful Village in Dumfriesshire, Scotland, the Reverend Henry Duncan

established the Parish Band Friendly Society of Ruthwell. This institution is recognized

today as the first modern mutual savings bank. Existing friendly societies operated on the

principle of charity, people banding together to help a neighbor in distress. By contrast, Dr.

Duncan’s Ruthwell bank was created to provide a way for one person to accumulate funds

for his or her own benefit. The Ruthwell institution was not so much a charity as it was a

repository for personal savings. In simple charity a needy person is given help for reasons

of mercy, but people’s pride and dignity often cause them to reject charity. Avoiding the

charitable motivation behind other friendly societies, Dr. Duncan wanted to encourage

independence, self-reliance, individual pride and dignity.