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Even Millionaires Can’t Resist Free!

Updated: 04/07/2021 by Financial Samurai 12 Comments

Once you become a real millionaire, not much is going to change. For example, even millionaires can’t resist free lunches and free goodies!

It’s been a hectic second week back after labor day and I’m so encouraged by what I’m seeing in the economy.  It’s as if the world decided to suddenly get back to work after a long dormant summer.

The one tip I want to leave you guys with is that no matter how rich your client, your boss, or your prospect is, they cannot resist free.  It doesn’t matter whether you take them out to lunch, buy them a drink, take them to a baseball game, or send them a book.  He or she can be worth hundreds of millions of dollars, and that small $20 gesture will do the world for you!

You may think it’s odd that you are giving something to someone who can afford anything, but you are mistaken.  Those who are richer than you and can afford anything are generally the ones who are always giving.  Hence, as soon as you give them something, you’ll stir up their appreciation that they never knew they had.

In the spirit of free, here are some of the posts out there which do just that.

Yakezie Giveaways Galore!

* Elle at Couple Money is giving away a free laptop for her first year anniversary.

* Kevin at Invest It Wisely is celebrating his 6 month anniversary with various prizes.

* Mrs. Accountability at Out of Debt Again is celebrating her 3 year anniversary with $800 in prizes thanks to various friends.

* Yakezie.com hosting our second book giveaway, How Rich People Think thanks to Elle.

* Christian PF is hosting a iPod Touch giveaway.

* The three winners of the Financial Samurai The Simple Dollar giveaway are: Jason @ Redeeming Riches, Suba @ Wealth Informatics, and Little House.  Please send me your mailing address by Monday, Sept 20th or else I will announce new winners.

Millionaires Are Just Like You And Me

Millionaires can’t resist free, neither can you. Here are some great millionaire-related posts to keep you motivated for more.

Your Chances Of Becoming A Millionaire By Age, Sex, And Race

The First Million Might Be The Easiest

$10 Million: The Ideal Net Worth Before Retirement

Keigu,

Sam @ Financial Samurai – “Slicing Through Money’s Mysteries”

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Filed Under: Retirement Tagged With: concepts, giveaway

Author Bio: I started Financial Samurai in 2009 to help people achieve financial freedom sooner. Financial Samurai is now one of the largest independently run personal finance sites with about one million visitors a month.

I spent 13 years working at Goldman Sachs and Credit Suisse. In 1999, I earned my BA from William & Mary and in 2006, I received my MBA from UC Berkeley.

In 2012, I left banking after negotiating a severance package worth over five years of living expenses. Today, I enjoy being a stay-at-home dad to two young children, playing tennis, and writing.

Order a hardcopy of my new WSJ bestselling book, Buy This, Not That: How To Spend Your Way To Wealth And Freedom. Not only will you build more wealth by reading my book, you’ll also make better choices when faced with some of life’s biggest decisions.

Current Recommendations:

1) Check out Fundrise, my favorite real estate investing platform. I’ve personally invested $810,000 in private real estate to take advantage of lower valuations and higher cap rates in the Sunbelt. Roughly $160,000 of my annual passive income comes from real estate. And passive income is the key to being free.

2) If you have debt and/or children, life insurance is a must. PolicyGenius is the easiest way to find affordable life insurance in minutes. My wife was able to double her life insurance coverage for less with PolicyGenius. I also just got a new affordable 20-year term policy with them.

Financial Samurai has a partnership with Fundrise and is an investor in private real estate. Financial Samurai earns a commission for each sign up at no cost to you. 

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Comments

  1. Steve Jobs says

    September 23, 2010 at 5:04 pm

    This actually so true. I have a friend of mine who owns a restaurant and I can say that the restaurant is really doing great. That friend of mine, freaked out the moment I told him I’ll treat him some hotdog. You know, people do not calculate the total expenses of something you give, what they appreciate is the effort of giving it.

    Reply
  2. Squirrelers says

    September 22, 2010 at 6:19 pm

    Who wouldn’t like free! It’s a concept that knows few bounds. Many folks who are modestly wealthy got that way by being intelligent about limiting their unneccessary spending.

    Now, sometimes there can be strings attached to things that are “free”. But as long as free truly means free….it’s all good!

    Reply
  3. youngandthrifty says

    September 21, 2010 at 6:10 pm

    I love free stuff too! Things taste, feel, and are better when they are free. Thanks for rounding up the giveaways in one neat post!

    Reply
  4. Kristine says

    September 20, 2010 at 6:40 am

    Cool giveaways! I am reminded of the quote while reading your post – “Reciprocity is the most important tool for getting along with people.” We always get what we give! :)

    Reply
  5. Charlie says

    September 18, 2010 at 10:32 pm

    You bring up some excellent points. I went to a party today and even though I was already bringing something I asked my good friend the hostess if there was anything I could pick up for her at the grocery store on my way over. As it happened there were a few things she forgot to get earlier so I was so happy to get them for her. She’s always hosting parties and dinners doing so many things for others so it was nice being able to help (even in a small way) and she really appreciated it too.

    Reply
  6. Jason @ Redeeming Riches says

    September 18, 2010 at 5:54 pm

    Sam! I’m excited about winning this book!! Thanks for the giveaway!! I’ll email you my info.

    JT

    Reply
  7. Sandy L says

    September 18, 2010 at 3:33 pm

    I couldn’t agree with you more. I’m in sales and plenty of people can “afford” to go to a baseball game for example, but usually they do not. However, for a free game that’s already been planned for you, it’s definitely something people say yes to.

    Just because people earn a lot doesn’t mean they’re going to splurge on such luxuries. Plus, people are busy and it’s nice to have someone else do the event planning for a change.

    Reply
  8. Khaleef @ KNS Financial says

    September 18, 2010 at 1:57 pm

    Good point! Those small gestures can mean so much to anyone. We had a friend over recently and she feels that we are always doing so much for her, and she wanted to return the favor. She bought pizza for us (my one weakness!), and we were so touched! She doesn’t have much money, and she is trying to support her family after her parents divorced, so it really meant something special for her to do that.

    Reply
  9. Manshu says

    September 18, 2010 at 1:44 pm

    Wow, so many giveaways…awesome Sam!

    Interesting title to your post too!

    Reply
  10. Mrs. Accountability says

    September 18, 2010 at 11:37 am

    Thanks for linking to my third year blogoversary, Sam!

    Reply
  11. Invest It Wisely says

    September 18, 2010 at 11:48 am

    Yep, it’s always nice to be treated to something. :)
    Thanks very much for promoting and entering my giveaway! :)

    Reply
  12. Everyday Tips says

    September 18, 2010 at 5:30 am

    I love free! I am not rich by any means, but it means the world to me if a friend offers to take me out to lunch. I can easily afford lunch anytime, but the thought of being treated can mean so much. In this case, it truly is the thought that counts, the thought that someone wants to meet up and pay for your meal. Tis a great thing.

    Reply

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