Excerpts from book Excerpt from Chapter Three: How to Have a Positive Cash Flow "The quiet millionaire ™ knows the amount of money that is required to fund desired future commitments. This is important because it establishes the proper balance between your spending for today and your saving for tomorrow. Remember, as a high-income earner, that while you may not be having a current cash flow problem paying your bills, you may be having a future cash flow problem without even knowing it by not saving enough for future financial obligations. By having specific future goals to fund, knowing what is required to fund them, and putting aside enough, you will be less likely to unwisely purchase things today that jeopardize accomplishing those goals of tomorrow." Excerpt from Chapter Six: Are You Paying Too Much Tax? "Often, people can be so concerned about paying taxes that they make personal and business financial decisions in order to avoid payment, which in turn costs them more than the amount of taxes they sought to avoid in the first place. For example, an investor decides not to sell an investment because of the taxes to be incurred on the gains, and then the investment declines in value far greater than the tax bite required to "lock in" the previous gain. While you need to plan to minimize tax consequences of a transaction, be careful about allowing taxes to drive your financial decision making." Excerpts from Chapter Seven: How to Be an Investment Winner "Investing your own money can be very emotional and can interfere with intelligent decision making. When an investment keeps going up and up in value, the experience can be exhilarating and make you greedy for more; when it keeps going down and down in value, the experience can be frightening and cause you to panic. Investment greed often turns to grief! These are powerful emotions that can distort your thinking." "Tax loss harvesting is not some special tax break for farmers. Rather, it is a very valuable tax reduction strategy. Many investors do not realize that by holding onto a soured investment in a taxable portfolio, they may be missing out on tax reduction opportunities enabled by selling the investment for a capital loss to offset future capital gains. This strategy is termed tax loss harvesting, which can save you thousands of dollars in taxes being paid on earned income and the sale of profitable investments." Table of Contents Acknowledgments Introduction Foreword Chapter One - What Is Important about Money to You? Chapter Two - The Financial Management Review ™ Chapter Three - How to Have a Positive Cash Flow Chapter Four - Do You Own the Right Assets? Chapter Five - Are You an Intelligent Borrower? Chapter Six - Are You Paying Too Much Tax? Chapter Seven - How to Be an Investment Winner Chapter Eight - How to Get Maximum Results from Employer Stock Options and Other Key Employee Compensation Programs Chapter Nine - Are You Prepared and Insured to Financially Survive Life's Risks? Chapter Ten - Will Costly Health Care Wipe You Out? Chapter Eleven - Follow the Quiet Millionaire's Path to Successful Business Ownership Chapter Twelve - College Part I: How to Manage the College Experience Successfully Chapter Thirteen - College Part II: How to Make College Affordable Chapter Fourteen - Retirement Part I: How to Quit Working as a Quiet Millionaire ™ and Not Run out of Money Chapter Fifteen - Retirement Part II: How to Maximize Retirement Assets and Transfer Estate Wealth Appendix - Sample Financial Management Review Index © 2007 FMG Publishing, Inc.