HOW TO STRIKE IT RICH, ON ABC NEWS� �20/20,� AIRING FRIDAY, MAY 19
Plus: A Brian Ross Exclusive: Air Marshal Speaks Out
-- Says Flawed Policies Put Aviation Security at Risk
Money, money, money� Is there such a thing as a �millionaire mind� and if so, can anyone change their ways to think like -- and then become -- a millionaire? �20/20� explores the many aspects of making money, FRIDAY, MAY 19 (10:00-11:00 p.m., ET) on ABC. Reports include:
� How easy is it to make money? If someone handed you $1000 and gave you 20 days to turn a profit, do you have any idea where you�d even start? Those are the questions �20/20� hoped to answer with an entrepreneur challenge to three viewers from New York, Minneapolis and Tulsa. To help show them the way, �20/20� enlisted famous get-rich guru Robert Kiyosaki, author of the �Rich Dad, Poor Dad� books, to lend his secrets to moneymaking success. Jim Avila reports.
� Could the first step towards getting rich be as simple as investing in a home? Financial advisor David Back insists that buying a house is the ticket to financial freedom. He tells Deborah Roberts that �You can�t get rich if you�re a renter. The American dream of home ownership has really separated the rich from the poor in this country.� Back, author of the new book �The Automatic Millionaire: Homeowner,� gives many tips on buying a home. �20/20� puts the tips to the test with two families from Detroit and Fresno in the market for their first homes.
� What makes a millionaire, or for that matter a billionaire? Donald Trump, British entrepreneur Sir Richard Branson and lumber tycoon Joseph Hardy all talk candidly about the values and encouragement they grew up with which helped them become extraordinarily successful, and how they raised their own children with the same beliefs to continue the success. Elizabeth Vargas reports.
� A yacht, a jet, jewel-encrusted timepieces, mega-mansions, fast cars� All big-ticket items that you should look for when trying to spot a millionaire, right? Wrong. As Chris Connelly reports, there is new research from Dr. Tom Stanley, author of �The Millionaire Next Door� and �The Millionaire Mind,� that says frugality is one component of the millionaire mind. �The millionaire mind people are people that understand what life is,� says Dr. Stanley. �Life is cultivating wealth. If your objective in life is to become wealthy to consume, you probably never will become wealthy.� Sr. Stanley also tells other secrets of the millionaire mind.
� Bob Brown tells the amazing story of Farrah Gray, a 21 year old who first struck it rich as a very young entrepreneur � becoming a millionaire at the age of 14.
Plus: ABC News Chief Investigative Correspondent Brian Ross talks to an active duty federal air marshal going public for the first time to protest policies that he says severely compromise his ability to stop a terrorist attack in the air. In a three-month investigation, �20/20" spoke to dozens of current and
former air marshals and high ranking officials who say that flawed policies make air marshals easily identifiable to passengers -- and would be terrorists. Air marshals are supposed to work anonymously, but "20/20� undercover cameras were able to easily identify air marshals on flights. Ross reports that a damning investigation of the program is set to be released by Congress next week. In an interview, House Judiciary Committee chairman James Sensenbrenner accuses air marshals management of arrogance and called for an overhaul of the program. A spokesperson for the Federal Air Marshal program said the agency had no comment.
�20/20� is anchored by Elizabeth Vargas and John Stossel. David Sloan is the executive producer.