According to a study of college students at the Ernst & Young International Intern Leadership Conference in Orlando, Florida, 59 percent of these young leaders expect to be millionaires within their lifetime. What's more, 5 percent of them expect to hit the million-dollar mark while in their 20s.And the super-rich are a growing group. The top 0.1 percent of the population's average income was $3 million in 2002, up two and a half times the $1.2 million, adjusted for inflation, that group reported in 1980.Earned Money vs. Easy MoneyEasy money usually comes from inheritance or luck, such as winning the lottery. The track record of people who get their money through the lottery or other windfalls is usually very different from those who created their wealth themselves or who planned for an expected inheritance. Lottery winners are often a sorry lot; more than 90 percent use up their winnings within 10 years -- some go through their money in weeks or months.But there are some consistent patterns among those people who earn or plan to inherit their money, and these five strategies may be worth emulating.1. Avoid the Earn-to-Spend MentalityMichael LeBoeuf, author of The Millionaire in You, points out that to increase wealth, it's essential to emulate millionaires who view money as something to save and invest, rather than income to spend. Many wealthy people live quite simply, he points out, choosing less pretentious homes than they could theoretically afford and opting for financial independence over material showmanship.2. FocusLeBoeuf also counsels resisting the impulse to be scattered in your efforts and interests: "Winners focus; losers spray." And goals that are clearly written down are easier to keep in focus.3. Do Whatever Is Necessary to Meet Your GoalPeople who earn their millions are able not only to focus but persevere in the pursuit of their goals. One single mom entrepreneur, Melissa Clark-Reynolds, started her first business, a health and safety consultancy, when she had a young son. En route to her goal of being a millionaire by age 35, Clarke-Reynolds and her son ate lots of pizza, did homework late at night and often slept at the office. She is now a chief executive mentor for Empower New Zealand, a global business consulting firm headquartered in London.4. Take Calculated RisksYou have to take strategic risks to earn and grow money. And a little rebelliousness seems to help too. One interesting study found a majority of male millionaire entrepreneurs had been in trouble with school authorities or the police during their adolescence.5. Be GenerousAnd why doesn't it surprise us that millionaires are often very generous? Sometimes it's for the tax breaks, obviously, but often it's not. One Jewish Swiss millionaire, for instance, flew to Israel to give $5,000 in cash to a waiter at a Jerusalem café who foiled a Palestinian suicide bombing. Among the most generous of millionaires are those from North America, who are, according to a Merrill Lynch Cap-Gemini report, two to five times more likely to give to causes they value than their European counterparts.These five habits are a pretty good prescription for living happily even if you're not a millionaire.But LeBoeuf insists it's not so unusual to be a millionaire. As of 2004, there were 8.2 million households with a net worth of more than $1 million. And are the folks in those households happy? Yes, says professor Andrew Oswald of the University of Warwick in the UK. After studying more than 9,000 people over eight years, Oswald concluded that people who come into money are happier. The happiest among them, he says, seem to be "highly educated, well-paid women who have jobs."And how much money does the professor say it takes to be happy? "About $1 million, give or take a little."
THE G7 MEMBERS:Gordon Brown Chancellor of the ExchequerMervyn King Governor, Bank of EnglandJohn Snow Secretary of the TreasuryAlan Greenspan Chairman Board of Governors, Federal Reserve SystemThierry Breton Minister of the Economy and Finance and IndustryChristian Noyer Governor, Bank of FranceRalph Goodale Finance MinisterDavid Dodge Governor, Bank of CanadaGiulio Tremonti Minister of the Treasury and BudgetAntonio Fazio Governor, Bank of ItalySadakazu Tanigaki Minister of FinanceToshihiko Fukui Governor, Bank of JapanPeer Steinbruck Minister of FinanceAxel Weber President, German Federal Bank
Jimi Hendrix wows Woodstock When: August 18, 1969 Location: Woodstock, New YorkWhy is it one of the best? After plowing through three days worth of rain, mud, pharmaceuticals, and music, the 30,000 or so hardcore fans who chose to brave one more night for Jimi Hendrix’s Woodstock closer were not disappointed.In fact, those who stuck around to witness Hendrix’s mind-blowing rendition of “The Star-Spangled Banner†cannot deny its importance on the festival’s soundtrack; it became the eternal anthem of a generation of civil rights crusaders, anti-war protestors and music lovers everywhere.Highlight :â€The Star-Spangled Banner.†Period.
1. Titanic (1997) $600,779,824 2. Star Wars (1977) $460,935,665 3. Shrek 2 (2004) $436,471,036 4. E.T. the Extra-Terrestrial (1982) $434,949,459 5. Star Wars: Episode I - The Phantom Menace (1999) $431,065,444 6. Pirates of the Caribbean: Dead Man's Chest (2006) $423,032,628 7. Spider-Man (2002) $403,706,375 8. Star Wars: Episode III - Revenge of the Sith (2005) $380,262,555 9. The Lord of the Rings: The Return of the King (2003) $377,019,252 10. Spider-Man 2 (2004) $373,377,893 11. The Passion of the Christ (2004) $370,270,943 12. Jurassic Park (1993) $356,784,000 13. The Lord of the Rings: The Two Towers (2002) $340,478,898 14. Finding Nemo (2003) $339,714,367 15. Forrest Gump (1994) $329,691,196 16. The Lion King (1994) $328,423,001 17. Harry Potter and the Sorcerer's Stone (2001) $317,557,891 18. The Lord of the Rings: The Fellowship of the Ring (2001) $313,837,577 19. Star Wars: Episode II - Attack of the Clones (2002) $310,675,583 20. Star Wars: Episode VI - Return of the Jedi (1983) $309,125,409 21. Independence Day (1996) $306,124,059 22. Pirates of the Caribbean: The Curse of the Black Pearl (2003) $305,388,685 23. The Sixth Sense (1999) $293,501,675 24. The Chronicles of Narnia: The Lion, the Witch and the Wardrobe (2005) $291,709,845 25. Star Wars: Episode V - The Empire Strikes Back (1980) $290,158,751 26. Harry Potter and the Goblet of Fire (2005) $289,994,397 27. Home Alone (1990) $285,761,243 28. The Matrix Reloaded (2003) $281,492,479 29. Meet the Fockers (2004) $279,167,575 30. Shrek (2001) $267,652,016 31. Harry Potter and the Chamber of Secrets (2002) $261,970,615 32. The Incredibles (2004) $261,437,578 33. How the Grinch Stole Christmas (2000) $260,031,035 34. Jaws (1975) $260,000,000 35. Monsters, Inc. (2001) $255,870,172 36. Batman (1989) $251,188,924 37. Night at the Museum (2006) $250,603,633 38. Men in Black (1997) $250,147,615 39. Harry Potter and the Prisoner of Azkaban (2004) $249,358,727 40. Toy Story 2 (1999) $245,823,397 41. Cars (2006) $244,052,771 42. Bruce Almighty (2003) $242,589,580 43. Raiders of the Lost Ark (1981) $242,374,454 44. Twister (1996) $241,688,385 45. My Big Fat Greek Wedding (2002) $241,437,427 46. Spider-Man 3 (2007) $240,236,828 47. Ghost Busters (1984) $238,600,000 48. Beverly Hills Cop (1984) $234,760,500 49. X-Men: The Last Stand (2006) $234,360,014 50. War of the Worlds (2005) $234,277,056 51. Cast Away (2000) $233,630,478 52. The Lost World: Jurassic Park (1997) $229,074,524 53. Signs (2002) $227,965,690 54. Rush Hour 2 (2001) $226,138,454 55. Mrs. Doubtfire (1993) $219,200,000 56. King Kong (2005) $218,051,260 57. Ghost (1990) $217,631,306 58. The Da Vinci Code (2006) $217,536,138 59. Aladdin (1992) $217,350,219 60. Saving Private Ryan (1998) $216,119,491 61. Mission: Impossible II (2000) $215,397,307 62. X2 (2003) $214,948,780 63. Austin Powers in Goldmember (2002) $213,079,163 64. Back to the Future (1985) $210,609,762 65. Wedding Crashers (2005) $209,218,368 66. 300 (2006) $208,323,517 67. Charlie and the Chocolate Factory (2005) $206,456,431 68. Austin Powers: The Spy Who Shagged Me (1999) $205,399,422 69. Batman Begins (2005) $205,343,774 70. Terminator 2: Judgment Day (1991) $204,843,350 71. The Exorcist (1973) $204,565,000 72. The Mummy Returns (2001) $202,007,640 73. Armageddon (1998/I) $201,573,391 74. Superman Returns (2006) $200,069,408 75. Gone with the Wind (1939) $198,655,278 76. Pearl Harbor (2001) $198,539,855 77. Happy Feet (2006) $197,992,827 78. Indiana Jones and the Last Crusade (1989) $197,171,806 79. Ice Age: The Meltdown (2006) $195,329,763 80. Madagascar (2005) $193,136,719 81. Toy Story (1995) $191,773,049 82. Men in Black II (2002) $190,418,803 83. Gladiator (2000) $187,670,866 84. The Day After Tomorrow (2004) $186,739,919 85. Mr. & Mrs. Smith (2005) $186,336,103 86. Snow White and the Seven Dwarfs (1937) $184,925,485 87. Dances with Wolves (1990) $184,208,848 88. Batman Forever (1995) $184,031,112 89. The Fugitive (1993) $183,875,760 90. Ocean's Eleven (2001) $183,405,771 91. What Women Want (2000) $182,805,123 92. The Perfect Storm (2000) $182,618,434 93. Liar Liar (1997) $181,395,380 94. Grease (1978) $181,360,000 95. Jurassic Park III (2001) $181,166,115 96. Mission: Impossible (1996) $180,965,237 97. Planet of the Apes (2001) $180,011,740 98. Indiana Jones and the Temple of Doom (1984) $179,870,271 99. Pretty Woman (1990) $178,406,268 100. Hitch (2005/I
1. THE WIRE (HBO)This sprawling social drama has dozens of characters and, really, only one--Baltimore, Md. The fourth, finest and most heartbreaking season focused on four inner-city schoolboys, serenaded by the drug trade, failed by every institution meant to protect them and facing choices that will make or doom them for life. Meanwhile, it expanded on the show's novelistic tapestry of cops, politicos, junkies, bureaucrats, ministers and hustlers. No other TV show has ever loved a city so well, damned it so passionately or sung it so searingly
The Bible, The 7 Habits of Highly Effective People, The Art of War (Sun Tzu), Life and Def (Russell Simmons), The Guide to Understanding Money & Investing (Wall Street Journal)
Jack Welch Russell Simmons Karl Icon Stephen Speilburg Oprah Winfrey Nathan Hays, Bruce Billions William Gates III Warren Buffett Carlos Slim Helú Ingvar Kamprad Lakshmi Mittal Sheldon Adelson Bernard Arnault Amancio Ortega Li Ka-shing David Thomson Larry Ellison Liliane Bettencourt Prince Alwaleed Mukesh Ambani Karl Albrecht Roman Abramovich Stefan Persson Anil Ambani Paul Allen Theo Albrecht