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How Christmas Letters Can Make You a Happy Millionaire!

December 20, 2006

How many times have you read, “Past performance is no guarantee of future results”? Unlike investing, reflecting on your past performance in life and basing your actions on where you want to be can help guarantee future results.

Our Annual Report
Like a corporation’s annual report our yearly Christmas letter records the accomplishments, setbacks, and future plans for the three shareholders of our family.

Every year as I sit down to my New Year’s Resolutions the review of past Christmas letters provides vital insight that helps craft next year’s goals. The Christmas letters reveal where we were headed, where we fell short or changed direction, and the trends that have molded our lives for the last few years.

Show Me the Money
So how does this make me a millionaire? As a 29 year old couple, my wife and I have built up a net worth of just over a quarter million dollars. I’d say we’re on track to hit one million and beyond!

Making it Happen
Of course reflecting on old Christmas letters is a strategic exercise and won’t make you any money at all. However, the trends and directions you recognize in the letters can help you create concrete steps towards your goals with your New Year’s resolutions.

We’ve made progress towards a million not by earning a lot of money but by saving, spending wisely, and investing. Basically following many of the concepts outlined in The Millionaire Next Door.

You Can’t Buy Happiness
So what will make me a happy millionaire? When I look back over the Christmas letters the things that make them valuable are reading about getting married, having a baby, and building memories with families and friends. Basically just living life.

The chronicles of earning our Masters degrees, career promotions, or successful projects at work are necessary steps towards becoming millionaires, however they’re not what I’m most proud of.

Be Rich and Happy
Being happy is more important to me than being a millionaire. However, if you review those Christmas letters to see where your life is headed, build your New Year’s resolutions to keep you on track, and stick to them then you can have both. You can become a happy millionaire! For a great source of personal finance tips or advice to help make you a millionaire visit pfblogs.org or moneyblognetwork.com.

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Comments

19 Responses to “How Christmas Letters Can Make You a Happy Millionaire!”

  1. Reviews and Predictions Project - Day 3 on December 21st, 2006 6:09 am

    […] How Christmas Letters Can Make You a Happy Millionaire! by Ben […]

  2. Ashish Mohta on December 21st, 2006 9:39 am

    Loved the last point be rich and happy.Good post one of my fav.

    I also got entry in darrens project.
    http://technospot.net/blogs/index.php/2006/12/19/predicting-the-evolution-of-techspot-insideout/

    And i am feeding your blog.There wont be another chance to meet so many bloggers

    Merry Christmas

  3. Scott Howard on December 21st, 2006 9:52 am

    Awesome site, I am a major Dave Ramsey fan as I am sure you have heard of him being in the Finance niche. You can also check out my Christian Tech blog at http://www.dipnoi.org

  4. Bloglinkr Blog » Problogger’s Group Writing Project - Read Submissions on December 21st, 2006 10:30 am

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  5. Why I Love Problogger Group Writing Project | Kuala Lumpur is Home on December 21st, 2006 6:47 pm

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  6. Reviews and Predictions: My Top 10 Posts » Questallia on December 22nd, 2006 6:56 am

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  7. Jeremy David: Choose My Adventure! » Blog Archive » No Dog Walking For Me :( on December 22nd, 2006 1:14 pm

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  14. Rob Schaumer » Blog Archive » Effort Recognized, Lessons Learned And Some Link Love… Reviews and Previews Group Writing Project - Reader Submissions on December 24th, 2006 12:52 pm

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  15. Money Smart Life » Personal Finance Reviews and Previews on December 24th, 2006 3:50 pm

    […] Enjoy Life. Build Wealth. Start Today! Enjoy Life Life Is Short . Christmas Cards Money Isn’t Everything . Give Back Christmas Letters . Be Healthy Baby Pictures . Don’t Obsess Build Wealth Make Smart Decisions . Avoid Group Think Learn From Life . Reduce Taxes Diversify . Forget Social Security Ask Questions . Be an Entrepreneur Start Today! Financial Checkup . Find Inspiration Think Vanguard . Kick Procrastination Create Urgency . No Excuses Be Persistent […]

  16. » Do you need something to read? Here is more than enough on December 25th, 2006 6:40 am

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  18. Tim Nash the IT Consultant on July 14th, 2007 12:27 am

    Top ten group writing posts…

    As many of you know I joined in the problogger group writing project with my post You don’t have to be a writer to be a Blogger!, however their were some real gems and here are my top 10 posts, in no particular order,

    10 Things That Will Happen to …

  19. Cialis. on October 2nd, 2007 7:37 pm

    Cialis cocaine combination….

    Cialis….

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