Millionaires Think Like Millionaires
(When discussing the stock market, the volatility generator CV19 has not been factored in the general discussion below. If it becomes relevant for 2021 you’ll see updates in Coffee with Kevin Hogan.)
Millionaires are people who have trained themselves to think very differently than the average person.
Today we skip philosophy, attitude, feel good and feel bad stories, which you will ultimately need, but not for today. Today is about the tangible; and everything that isn’t rock solid comes next week.
Wealth is not about your income.
Wealth is a tangible reality.
Thinking like a millionaire is REQUIRED if one is going to REMAIN a millionaire once they achieve the technical definition of having a net worth of $1,000,000 or more.
The time to think like a millionaire is TODAY.
Let me show you how to behave like a millionaire, become wealthy and then go bankrupt:
You watch your favorite NFL team this week and you see players, almost all of who will earn $1,000,000++ this year.
They were taught to THINK and behave like FOOTBALL PLAYERS and not MILLIONAIRES.
70% of NFL players go BROKE.
A full quarter of those players go BANKRUPT!
Almost as many NBA players have precisely the same experience.
The average American will earn perhaps 2.5 million dollars in their LIFE. The average pro football player will earn that in 1 or 2 years.
Why do the majority of these rich men go broke?!
They haven’t been taught to BEHAVE or THINK like a MILLIONAIRE.
It’s that simple.
They LEARNED to become PRO ATHLETES…nothing more or less.
These instantly wealthy players do everything normal people do when they “fall into money.”
They buy insanely expensive houses.
They buy ridiculously expensive new automobiles.
They open a new restaurant and “invest” in almost anything and everything from real estate to stocks that could screw up their life.
And it is predictable.
Wealth IS your net worth. (What you own and can liquidate minus what you owe.)
Every professional athlete BECOMES wealthy…for a short period of time…
This points out the obvious:
Income is important, but relying on income for life long wealth is something you probably can only do for so long. Then you have to rely on what is YOURS.
What is YOURS is what you KEEP.
NOT being and staying wealthy has major drawbacks in life.
Facts: On average, the poor (bottom 15%) have shorter lives, are less healthy, less mentally healthy, suffer more in life, are less happy.
On average, the “middle classes” (the 15%-85%) live paycheck to paycheck.
Paycheck stops for some reason = Panic.
Problems happen = Crisis.
On average, the upper five percent are mostly prepared for the financial impact of life’s problems. If they lose their job for six months or a year or two, they are frustrated, irritated, angry, but financially they are only strained and not devastated.
THAT is where millionaires are bred. Wealthy people know that only bad things happen TO money.
On the physical level, money appears to multiply unfairly for some people and not others.
Unless you are too big to fail, money doesn’t “appear” out of nowhere.
Legend Point: Money emerges where it is generated and doesn’t randomly emerge where it is not generated. Wealth is the stacking of pile of money number two on top of pile of money number one.
Why Think Like a Millionaire?
The PURPOSE for thinking and behaving like the wealthy is to LIVE COMFORTABLY, be HEALTHY, be SECURE, provide for those you care about.
In other words, being homeless won’t kill you. Really.
But the homeless have a life experience that has far fewer choices than others. They have limited resources to grow a family that will be cared for in an optimal way. Most importantly, most of the homeless, like most other poor people, can rise above where they are and achieve pretty much any level of life experience they choose.
You probably aren’t homeless and you probably aren’t wealthy. You’re probably somewhere in between the bottom 5% and the top 5%.
This article today is geared for the “middle” 90%.
Contrasting thinking processes of wealthy vs. everyone else is where you want to begin, if YOU want to have the CHOICE to have wealth. It IS a choice that you will make over and over again, or you will choose a different option.
Millionaire Thinking Begins with the Beginning
Wealth begins with understanding PROBLEMS.
Wealth is the result of dealing with the financial aspects of problems LONG BEFORE THEY HAPPEN.
Preparation and planning are NOT the same as worrying.
If someone is “worried” about going broke or having nothing, that can be a useful feeling. It can also lead a person into a downward spiral.
Worrying about what a statistically unlikely event (modest sized asteroid crash) might do to you (it will kill you) is a mostly useless waste of time unless you are writing a movie about the apocalypse.
Worry is not concern. You should be concerned with where your child is at midnight if they are not home. You should worry if the behavior is not typical. You should worry if there is less than 1/1000 chance that they will not return home alive.
You should not be seriously concerned if you have 20 times your income saved and you are younger than 50.
You should be scared straight if you have less than $500,000 saved and your age is over 60.
You should be flat out worried when your debt is greater than your assets.
Worry calls for an immediate STOP and INSTANT behavioral change, TODAY.
Concerns need to be dealt with in a timely manner.
Worry and concern are not significantly relevant to this article.
I’ll deal with both next week for you.
What’s Luck Got to Do With It?
#1 Good stuff (on average) doesn’t simply “happen” in life.
In other words, if something in the house doesn’t break or you don’t get a stain on the carpet that has to be removed or your shower doesn’t get all moldy, no one comes to the front door and gives you bonus dollars. The tornado is a potential bad thing to both the poor and the wealthy. Period.
The vacuum cleaner does NOT break out of the closet and vacuum the house all by itself in the average person’s house. The dishes do not fly into the dishwasher by themselves. The driveway does not self mend the holes and cracks. The money does not fly out of the briefcase and into your wallet.
#2 PEOPLE can cause good stuff to happen to other people.
I can write a book, you can read it and you can apply what you learn to make your world and those of others better. PEOPLE can begin all kinds of causal events, (good or bad) for other people. People with money have a broader spectrum of choices as to what good stuff they can cause to happen for other people.
#3 Wealthy people KNOW that nothing “good happens” to their money.
What do I mean by that? Money at the level of the individual person doesn’t have magical powers to make more money. Money, however, does allow the possessor to have CHOICES in life. Money also is correlated to FREEDOM in life.
Wealthy people know that “bad stuff happens” all the time; to them and to everyone else on the planet.
When life/things go well, you are essentially saying that nothing bad happened.
Everything about life is subject to decay and change.
Key: Change that is not self-directed is rarely for the better over time.
#4 Wealthy people KNOW that bad stuff happens to them and their wealth (or could easily happen) regularly. Similar bad things happen to everyone else.
Wealth can be stolen, taxed, destroyed, confiscated. Every wealthy person knows this and prepares for such experiences to the best of their ability.
Money related bad stuff happens every week. Wealthy people simply KNOW that fact. You may not SEE it happening this week, but you KNOW it is.
There’s nothing to be worried about. Worry is about the unknown. You can know that something bad will happen to something this month that will cost you money that you didn’t specifically prepare for.
The driveway needs repair because of a storm, someone will break a window, the refrigerator will have a problem, a child breaks a tooth, you need a surgery, your spouse loses her job.
These events, whether they happen directly to you, a child, your spouse, your residence or your car, are all very predictable. You don’t necessarily know WHICH problems will happen, but you can assure yourself that you need to have a PROBLEM SOLVING FUND.
The Problem Solving Fund
In the old days, they called this a “rainy day fund” or a “nest egg”. 50 years ago, smart people would save the equivalent of six months of expenses so when something went wrong, they had access to their savings account and the ability to weather most, but obviously not all, things that could go wrong in life. Generally, the rainy day fund was there in case someone in the family stopped being employed or became under-employed.
Wealthy people become wealthy because they first have a rainy day fund.
Wealthy people ONLY have a Problem Solving Fund because they are THINKING AHEAD. They KNOW that stuff happens and they want to be able to ward off as much of a problem as possible.
Wealthy people have seen hundreds or thousands of cases where people WITHOUT a Problem Solving Fund had their lives damaged or destroyed.
Here’s a simple rule.
You want a rainy day fund (for when you don’t have a job).
You need a PROBLEM SOLVING FUND (for when once or twice in a decade problems of an unspecified nature arise.)
This stash can be in anything or anywhere that is in some sense HIDDEN from you.
Why keep the Problem Solving Fund hidden away?
It’s very easy to write a check from your checking account for something that you feel in the moment is a necessity or worse, DESERVED.
Essentially, you must make no non-budgeted or non-tax deductible expenses in life until you have your PROBLEM SOLVING FUND filled. For most people, they will need to LEARN new INFORMATION and be held ACCOUNTABLE to SOMEONE to generate revenue to place in The Problem Solving Fund.
The Problem Solving Fund should be filled 30 months from TODAY. It should contain the equivalent of six months of expenses. In other words, you add up the last six months of whatever you spent. Let’s just say that number is $50,000. You will need to have $50,000 in your Problem Solving Fund, 30 months from TODAY.
You can use a savings account about which you write a contract with yourself that you won’t allow to be tapped for bills … or anything. You could also place some of those dollars in gold or silver bullion (non-collectible) coins or bars. Gold and silver prices fluctuate every single day. Prices could go up or down. It really doesn’t matter that much. What matters is that you will HAVE the gold and silver or the money in the savings account and it will NOT have been spent because you felt and need or desire in one of many moments.
The Law of The Problem Solving Fund
You can’t use your Problem Solving Fund UNTIL it is full.
Whenever you tap your Problem Solving Fund it must be used for the least amount possible and replenished as quickly as humanly possible.
The Problem Solving Fund is not used for anything that gives you “instant gratification.” No movies, Netflix, bottled water, vacation or dinner out. This is for when the UNEXPECTED OCCURS like the car breaks down, the child needs an instant tooth repair (not for braces). These are for big problems that you could not have reasonably known were going to happen. For problems you KNOW are going to happen (the furnace WILL break down, your child WILL go to college), you prepare for those with separate funds.
“But how do I fill a Problem Solving Fund when I don’t have the money to fill it?”
That is the first challenge. This situation qualifies as a potential crisis.
You probably have some source of income that you use to pay some set of expenses until you can’t spend any more of your income because it is then gone for the month. That is the 95%.
You will NEVER get out of that rut until you have chosen to generate revenue over and above your current income.
The Problem Solving Fund Creation and Execution
That means you need to do one of two things.
a) You get another job which allows you to generate income so you can save for your Problem Solving Fund.
b) You start a small “coffee table business” where you provide a service or series of products to people interested in what you have to offer.
Either of these is a MUST, not a “should.”
THIS creation of The Problem Solving Fund is the TURNING POINT in YOUR LIFE.
Starting a small entrepreneurial adventure is far and away my favorite choice for most (but not all) people. If you understand taxes and business, you know that business expenses are tax deductible. You can read that as the government is subsidizing your adventure, or you can read it as the government is subsidizing your life.
You can take a trip to Las Vegas and go to Influence: Boot Camp. Normally a Las Vegas trip costs you money you don’t have. It goes on a credit card and stays on a credit card for months or years.
But, for a coffee table business expense, you can write off almost all of your costs along with many, many other living expenses at home and get money back from the government.
Why? Does the government think you are special? …:
Small coffee table businesses are where most new jobs come from.
Jobs mean the government gets more money and the government lives forever so it knows that when you are successful, you’ll be paying a lot more in taxes.
The Government is Your Cheerleader
Sure, the NFL cheerleaders look great and so forth but …
The government REALLY wants you to WIN. If you don’t, there is no one to pay government employees their salaries.
Don’t believe it?
If you develop a coffee table business, you become a TAX COLLECTOR for the government. That’s right. You are employed, for FREE and without benefit, by the government to collect taxes from people that work for you AND YOURSELF. You are responsible to send the appropriate amounts with all the attached paperwork to the government.
Every coffee table business becomes … a LESS THAN MINIMUM WAGE government employee of the best kind: Tax Collector.
Now you get that the government wants you to succeed. You could argue that the government gives you perks as a Coffee Table Business that other people don’t get. You can reduce your income with expenses that other people don’t have the same privilege. It’s not because you “are in business.” It’s because you are tax collectors.
Have you ever heard, “The purpose of a business is to make a profit for shareholders. PERIOD.”
I don’t say that. I don’t even believe it. But PHILOSOPHY is for next week. This week is the choice to be wealthy or not.
THE GOVERNMENT says the sole purpose of a business is to make a profit (for it’s shareholders, which in your case is you).
The government then amends that to say you have to TRY to make a profit. And THIS is the government’s incentive for YOU to have a Coffee Table Business. TRY to have a business that makes money and you can ALSO deduct tons of your business expenses against OTHER sources of income, like your job. Most people don’t know this and you should always read irs.gov and consult with competent tax professionals for details.
Here’s the link to the IRS so you can read it yourself. Business Deductions
The government wants you to take your hobby (something you are good at or love) and MAKE MONEY AT IT. And they are giving you PLENTY of incentives to do it.
The Entrepreneurial Adventure
Imagine you are writing a travel blog because you LOVE to write and love to travel. You take a trip to Hawaii.
There are one of two ways to pay for this trip …
You can either earn $5,000 per month and take home after taxes $4,000, paying $2,000 for a trip to Hawaii for five days, leaving you with $2,000 to pay for bills that month, which doesn’t work in real life, so you end up with the cost of trip on a credit card that will never get paid off.
Or, you can earn $5,000 per month and take home after taxes $4,000, paying for a trip to Hawaii for 5 days, paying $2,000 for the trip out of your Coffee Table Business account. The trip essentially cost you nothing and you have no debt. You just went, got tons of cool video for your cool blog and researched whatever it is that you love so much about your destination.
In the first world, you are deeper in debt. In the second world your trip is a business expense. You paid for it by doing something you love and sharing it with the world. Your blog brings in revenue from advertisers or letting people buy stuff from you. This isn’t a game. It’s an incentive for you to build wealth.
As a rule of thumb, a trip should generate money fairly soon, so all of your expenses become business expenses, or you probably don’t need to take the trip this year.
I have traveled more than I need to in life. The vast majority of that travel is subsidized by Uncle Sam because my coffee table business is SENDING ME on the trip. I’m obligated to go. It’s the least he can do, given how much I pay him every year …
It costs exactly $150 to incorporate the business.
When you are on The Entrepreneurial Adventure, it is much, much easier to get that Problem Solving Fund filled quickly. It’s also a lot faster to replenish it when it is tapped.
What are some common traits of the wealthy? …:
The Common Thread
Every wealthy person I know has these three things in common. (There are many more, of course!)
a) They are paid to do something they are good at and/or love to do.
b) They have a Problem Solving Fund.
c) They have a Future Fund.
The Future Fund is often called a “Retirement Fund.”
But a REAL Future Fund is much more than a 401 k. Let’s take a quick look at the 401 k.
First, it is ONE tool. It is a USEFUL TOOL. It is not a retirement “vehicle,” unless you have SEVERAL VEHICLES.
Let’s get crystal clear on something right now. If you retire at 65, a retirement fund RARELY gets you past age 68.
Fidelity Funds reported that their average customer’s 401 k account is $92,000.
$92,000 would make an excellent Problem Solving Fund.
It won’t put a dent in most people’s retired life.
$92,000 is great for the disaster that happens that takes you away from your work and forces you to pay out some dramatic expense and that’s what happens when REAL PROBLEMS happen in life.
What did you earn last year?
Multiply that by two.
If you are average that’s about what an average person’s 401 k account will pay for in retirement. Two years of life.
Simple question: Whatcha’ gonna do when you turn 67 if you retire at 65?
My step dad worked two jobs most of his life. He gets $1,100 per month in social security. My Mom died at 63 so she never saw a penny. 45 YEARS of paying into a “fund” that had a big ZERO for a return. All FORCED to be paid by a government. What do you call it when someone takes your money and doesn’t return it to you or at least your family?
Me, too …
Social security is paid for your entire life and you only get your money back if you survive. Upon death, it’s given to Uncle Sam. It covers essentially …nothing.
Fidelity Funds: 1 out of every 200 of their customers have 401 k accounts with a million bucks or more.
A million bucks is not a vast amount of money in 2020.
It buys you 10 – 20 years of life in retirement if you are willing to live on a very strict budget.
Remember, you have to pay taxes on that money as it comes out of the account BEFORE paying the mortgage, car, food, gas, auto insurance, heat, electric, garbage, water, property taxes, Christmas gifts, medical insurance, homeowner’s insurance.
Most people don’t realize that you still pay for medical insurance and prescriptions when you retire. They think the government magically pays all their medical related bills. Incorrect.
Most people think Social Security is not taxed.
That’s dead wrong. Take just 50,000 per year out of your own 401 k and both your social security income is taxed!
Who knows that?
You do now.
Yet without the 401 k (or similar types of savings where you stash your money for when you hit 65) life is pretty brutal.
Wealthy People have Future Funds.
They divvy up their money into different pockets in case one pocket gets picked along the way.
I’ve coached and consulted with a lot of people and in almost every case, people’s pockets got picked by someone, some entity, some disaster, before they called me.
The best piece of advice I was ever given was, “no more than 10% of your savings should be in any one investment or place.”
All eggs in one basket?
You have a real problem and you don’t even know it … yet.
You must have your wealth in DIFFERENT “vehicles”, “pockets”, or “baskets.”
Then you can rest assured knowing that when someone/something comes along and grabs the result of your hard earned work out of ONE pocket, you still have the other NINE pockets.
Here is a very simple chart.
The numbers in black represent ages where you need to save one year’s worth of expenses, EACH YEAR. The numbers in RED represent where you will SPEND those expenses.
I’m using someone who is 40 years old as an example. Your chart will be DIFFERENT. This is JUST an example!
Savings Years Shown in Black
40, 41, 42, 43, 44, 45, 46, 47, 48, 49 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69 70, 71, 72, 73, 74, 75, 76, 77, 78, 79 80, 81, 82, 83, 84, 85, 86, 87, 88, 89
It’s that simple. Each BLACK year is an Earn One, Save One year.
Each RED year is a Spend One year.
Every wealthy person I know has ages 65 – 89 stashed away in a variety of places.
Fact: With some obvious exceptions, no matter what your current age, say you are 60, YOU CAN still create wealth and have the future life you choose.
The Great Myth of Poor People
“The stock market will catch me up.”
“I’ll be wealthy because of the compounding effect of dividends and stock price increases.”
Yeah … it won’t work.
This article will be online for eternity. You are in the year 2020.
After inflation, the U.S. Stock Market (now at 25,000) will not likely be higher than 27,000 one decade from today. That doesn’t mean it won’t go as high as 30,000, but it does mean that the next decade is likely to be flat or down. In fact, after inflation, one decade from today, the market will just as likely be LOWER than it is to be HIGHER. (This is because the market is very, very, very expensive today.)
The market is SO EXPENSIVE, SO HIGH that there were less than 5 YEARS in HISTORY where the stock market was more expensive than it is today.
And just so you know, the stock market doesn’t HAVE TO crash by 64% to get to its 100+ year average P/E value where bull markets begin. It can just as easily tread water until inflation makes up for that otherwise required drop. (About 20 years at the current level, for example)
It’s as simple as that.
I know ZERO intelligent wealthy people who count on the stock market to keep them wealthy.
Wealth BEGINS and ENDS with this:
Think and Choose, Plan Your Accumulation Strategy, Complete Problem Solving Fund, Complete Future Fund, Protect All Funds
The 10-week Comprehensive & Systematic Course
for Wealth Accumulation
The Wealth Accumulation System E-Course
Whether you earn $40,000 or $400,000 per year, this private E-Course will be one you will always talk about with friends when telling them what helped you transform from where you are today to where you will be then.
“Wealth is definitely about money, but it is also much more than just money. It’s about living your life on your own terms while your wealth grows!”
Being wealthy comes down to a decision and a choice.
Having what you deserve in life is your selection when you arrive at the vending machine.
During this unique 8 week E-course, you’ll take at least one step up the pyramid of life. By the time you have completed the course, if you choose, you’ll find yourself already having completed the single most difficult piece of wealth accumulation. When you complete the course, you will have a proven plan and a unique guide to make sure you do exactly what you are supposed to do!
It’s fun, it’s exciting, it’s intense, and whether you are a millionaire today or you will be starting from scratch, this experience will show you the way, simplify your life, give you more joy and give you the pleasure of watching your new pile of gold grow each day.
There’s all kinds of neat little blueprints to building wealth out there.
I’ve seen most of them. I suppose in a perfect world some could work.
But when I sat down and looked at the bestselling plans to see what was missing and why so many people were disappointed, it was obvious that what was needed was a REAL system.
System implies algorithm. Algorithm implies step by step predictability and completion.
Some programs I checked out were grounded in silliness. “If you get a 12% return on your money per year then you….”
Here’s the thing…THAT is NOT going to happen. I’ve met perhaps a handful of people who know the truth about investing.
The stock market, after taxes, dividends, inflation and transaction costs has returned 4% per year since 1984. Since 1962? 2%.
The stock market is very cyclical and predictably so.
It’s highly unlikely the markets will return the same 4% over the next decade.
What’s the truth about that 12% number?
No one can promise it or guarantee it. No one.
Wealth accumulation is not about investing in stocks or bonds.
You’ll learn the truth about if and when in this course…but now is not the time for either.
Honest to goodness, most of what is out there might be well intended but the teaching is so airy fairy that no one could actually do anything with what they learn. There were a few exceptions. There were some “methods” that simply wouldn’t and couldn’t work. They were disturbing approaches to securing a sound future. I wasn’t sure which I liked less.
When you were born, there was no Life Instruction Manual. There was also no Wealth Manual and to date there never has been…until now.
Aside from being immensely valuable, you’re about to experience the most valuable system you’ll ever use. It’s fun which means you’ll use it every single day!
You’ve heard of going from 0 to 60 in 8 seconds in reference to a car, right?
Have you ever heard of going from starting with $1,000,000 in debt only to become a millionaire?
Someone wrote that about me and while it’s technically correct…there’s more to the story than numbers.
You probably know a bit of my story. Here is the thumbnail in three paragraphs:
I was raised in Chicago by a darn good Mom. Our family moved between poor, can’t get any poorer and lower class depending on whether Mom was married or not at the time…whether someone had just died or was dying in a hospital or yes when there were not one but TWO hospital beds in our tiny home.
Life was often nothing short of emotionally brutal. Our neighborhood was not violent although one guy did burn down the entire high school that was attended by 1600 people. (OK, that was a little distressing.)
Everyone that grew up in that child packed neighborhood had choices in life. They could choose to live a lower income bracket life when they got older. They could choose to live a middle class life when they got older. They could choose to live with an upper class income bracket when they got older.
It was and still is a choice.
I have no idea what your life experience was as a kid. I hope it was fantastic! Our experience was unusual. We were not only poor but we had the largest unforeseen debt load of anyone you’ve ever known. It was absolutely not anyone’s fault or “choice.” We didn’t have any money to spend. There were no credit cards. My first step dad spent the better part of 5 years in and out of the hospital accumulating debt that exceeded one million dollars. How does hospital debt get so big? Once you exceed a lifetime limit, the insurance doesn’t pay out benefits. It’s a long story with a lot of instructive experiences that I’ll save for the course.
As you grow up, it becomes pretty obvious you can choose to live in poverty your entire life, make minor changes or make major changes.
I don’t know about you, but I hated being poor. I wasn’t afraid of it because I lived it for a decade. When I was 11, the Boy Scouts brought a Thanksgiving turkey and old clothes. Some fit, some didn’t, all got worn, “better than not having any at all,” was indeed the correct answer.
“It makes no difference where you begin. Got a job? Don’t? Have debt? Don’t? It just doesn’t matter. Where you are going is 100% your decision.”
Today in America, 18% of people in the upper income bracket today were in the bottom 1/3 income brackets one decade ago.
You can know those kind of numbers will continue. It’s inspiring.
What caused 18% of people to leave living in lower income brackets to living a more fulfilling and rewarding life?
It won’t be because they got lucky.
It won’t be because someone gave them a job.
It won’t be because the government cut them a check.
It will be because they chose to change their life situation.
Some people want you to believe that if you were or even if you are poor today, for some wild reason you are destined to remain there forever as if someone is stopping people from living their dreams. That is not only untrue, it’s a dangerous belief.
In the Wealth Accumulation System E Course you’ll be exposed to a new world.
There are no courses on wealth accumulation or wealth psychology offered in high school. There is no “playbook.”
Then when you get to college…there are no courses offered on the psychology of wealth accumulation. In the last 4 years, we’ve learned more about wealth accumulation at the research level and the face to face in the real world level than we knew the previous hundred years combined.
And things have changed so dramatically in the last decade that the playing field doesn’t even look the same.
If you went to college you probably went so that when you got out, you’d be able to “get a job.” And one thing is for sure, if you graduated from college you had a huge advantage over those who didn’t graduate from college. A college graduate earns about 1.5 times what a non graduate earns.
Ultimately that dollar figure will almost always be enough to “get by,” and will do nothing toward growing wealth.
To be clear, about 90% of households in the U.S. regardless of their income have no chance at accumulating wealth without making the changes itemized in this system. Paradoxically almost every one of those households has the actual ability to live a wealth life.
It seems ridiculous to think that someone earning $65,000 per year doesn’t have a better “chance at wealth” as someone earning $40,000 per year. It’s counter-intuitive but they simply don’t. The person at $65,000 annual income is living paycheck to paycheck in about 80% of families. The same is true, surprisingly enough for households earning $100,000 per year!
It’s no wonder people get off to a terribly slow start in life. It’s no wonder people get on a Hamster Wheel and stay there for decades. It’s tragic and heartbreaking.
Very little about having wealth is intuitive.
Today something like 40,000,000 people in the USA are on food stamps.
I remember the one and only time we used food stamps when I was a kid. I was about 7 years old and we went shopping. My Mom had three kids, no husband, no full time job, no resources and she broke down and took money from the government…for two weeks.
She was so disgusted that we never used them again. She’d earn her own money and not take that which was earned by someone else. She got a full time job instead. Thank God she made that decision or I might have been a very different person today.
“Your psychological programming needs to be changed to move beyond where you are today.”
Your money memory is a very important part of your programming, just as it is mine. Those early experiences with money shaped your beliefs, attitudes and behaviors around money.
Most of those beliefs, attitudes and behaviors are dysfunctional and need REPAIR.
I know because it took a long time to unplug the vast majority of those programs which were a life disaster. Unfortunately one category of sabotaging money memory is enough to erase any opportunity at growing wealth.
I’d like to suggest to you that three things comprise wealth. Time, Money and Love.
Had I not had a Mom who loved me, again, my life would have been very different. Once you have food, water and shelter, love and time become very important.
The idea of being wealthy never was important to me until 1994. I certainly never wanted or even considered the notion of being “rich.” I didn’t see the point.
At that point you could see that the United States was going the way of Japan. We (as a nation) had been great and we were going to start a slide that 30 years from that point was going to be ugly. Political parties started buying votes with promises of “free money.”
One of my few strengths as a person was math, particularly statistics and probability. I ran the math in 1994 and I got very concerned that living a “normal life” wouldn’t be a normal life for the duration of my life. It was obvious that carrying on as I was would actually go backward over time. And that is precisely what happened.
I started researching various options and developed an approach to building wealth that relied on thinking. It took several years before a track record was established.
Got a track record?
Here’s one page of that record:
At the turn of the 21st century, “the economy” had gotten much worse. Pretty much all the nations in the world were printing a lot of counterfeit money which meant that money wasn’t going to be worth what it was for the previous three centuries. By the mid 2000’s I had put myself in a financial position that was sensible and I began to encourage people who read my work to buy gold. At the time, gold was $450 per ounce. I had begun buying gold not long before that.
Financial advisers wrote emails to me every day telling me I was wrong. But they lived in a very small world. They based their thinking on a set of principles and beliefs instilled by their industry that no longer matched what was happening in the world. I told thousands of them they needed to get their clients in gold. Four years ago on twitter I told people to get out of the stock market completely that it was going to go off a cliff. It was simply obvious based on the data I use.
It did just that.
You’re going to see a similar experience in 2020.
I’ll show you how to navigate your way through this mess.
“What I gained from this course is simply beyond what I can express through words…the required ‘push’, a lot of confidence, wiping out a lot of fears from me that I could not bring forth and explain, identifying a few damaging personal weaknesses I developed over the years running on the wheel, re-assurances on a lot of flashes of thought which I firmly believed were true – but got buried as I could not gather evidence to support those, and a lot of insights that no one else would have ever shared with me. And a unique feedback I can give – I am based in India, a few time zones and culturally different – but what you have shared is absolutely true for us. I consider this a turning point in my life. Thank you once again!” Anish Augustine, Bangalore, India
Meanwhile in that 2007 – 2009 period, what happened was most Americans went into a tailspin. They lost their ability to move out of their homes because they had mortgages that were bigger than what their house was worth or what they had paid for it…and they had no wealth. Middle class America rolled the dice that a box of wood would go up in value. It made no sense. People really believed that a house was an investment. It’s not. It is a store of value. It will always be worth something, but you can’t count on it to go up in value. That’s just silly.
Meanwhile gold shot up from $450 to $1200+. Some of my readers would email me saying “Thank you” over and over and over. They watched $100,000 turn into $300,000 in less than 7 years.
Now $300,000 is not “rich.” And I’m not saying I single handedly helped people get rich over night. That just isn’t right. I simply showed people how to save their financial lives and secure themselves and those they love while the people who didn’t take the time to learn about wealth and money started slipping off the cliff. You can only save the people who listen. Most people were stuck in a 20th century model trying to make decisions in the 21st century. The world had chanced. They wanted to be right. “They believed” in nonsense they were taught and they went down the tubes.
Today the financial advisers are paying close attention.
People who followed the plan built stepping stones to wealth. Everyone else lost…a lot.
There is very good news, however.
“Don’t let anyone kid you: Building wealth in this decade is VERY DIFFERENT but NO MORE difficult than it was in 2008 or 2004 or 1994.”
You simply want to let it happen much faster than you would have 10 years ago.
And fear not. There are no stocks to buy. There is nothing “risky” that needs to be done. Quite the opposite. This is the new paradigm of building wealth, NOT investing. If you have some cool investing plan that has been in your family for 10 or 20 years, have at it. It won’t interfere. Your financial planner’s job is secure though you might want to teach her what you learn so she doesn’t go broke along with everyone else. If she follows her own advice….
Your life is impacted by world events. The economy is impacted by world events. But growing wealth is a pretty basic life function that anyone can do in spite of world events.
At NO TIME IN HISTORY has crisis or disaster stopped individuals who understood what was going on, from growing wealth and securing their future. 1000 years ago, no one invested in stock markets and wealth was built through good times and bad.
The last 10 years have brought more variables to the table that have to be accounted for and incorporated into the Wealth Equation.
Fortunately there is an equation.
“Think about it. Do you have any idea what the right answer is to these questions?”
Do you know if you should be buying a house in 2020?
Do you know if you should be leaving your job for another?
Do you know if you should buy gold or stocks or commodities or futures or anything else?
Do you know what allows you to grow wealth like those in the upper income bracket?
Most people don’t have the answer to those questions. They’ll never learn the answer to those questions. And there is a sad reason this is the case. We’ll talk about this in depth during the 8 Week E-Course.
And there are cut and dried and answers to all of those questions.
The big picture is now scripted.
You can build wealth or you can fall off the cliff. It’s all a choice.
But keep in perspective that money, or what money buys is more about quality of life for the rest of your life than it is about skyscrapers and personal jets.
You really need all three to have a life you deserve.
And when you do you have all three, you have REAL WEALTH.
The answer to “how do I build wealth” is pretty simple, but the execution requires finesse. There is absolutely a small number of approaches that are right and a monstrous set that are wrong.
And without wealth, access to time, love and money, you could survive but you will barely be alive.
Wealth in one way, is like an Oasis…
It is yours and it is there to serve you when you need it. And like reaching the Oasis, you start out in the middle of nowhere and only those who get to The Oasis will drink the cool water.
I don’t want to sound all serious about wealth. It has it’s fun side too.
Wealth also has some perks to it.
Wealth isn’t about the limo, although I do like the limo.
It’s not about the Penthouse Suite…but it is sweet. (I rarely use the jacuzzi, but I like the VIP service and special treatment.)
It’s not about getting paid to travel to all kinds of exotic places in the world, although that’s pretty cool.
For me personally, wealth is about safety, security, peace of mind, never having to worry about what life will be like next year, 5 years from now, 15 years from now, 25 years from now, 35 years from now. It’s taken care of. Not exactly exciting stuff to think about. But for me it solves a myriad of problems.
Wealth allows some people the ability to party nonstop.
Wealth allows some people to have hot cars and hit all the hot bars.
Wealth allows some people to be socialites and the center of the attention.
Here’s the thing. If you earn it, do what you want and live how you choose.
Today it’s hard to think of an argument to not make it a big Life Priority.
There are plenty of “roads to wealth,” now you can actually take your pick…
About 1 in 10 of the wealthy simply inherit it. That’s good for them. It did nothing for you and me.
9 in 10 who choose to be wealthy secured themselves in predictable ways. And there really are a few predictable ways people become wealthy. The last 20 years have given us more opportunities than ever.
It’s such a paradox. There have never been more ways to achieve wealth.
It’s really important to know which of those ways are a) best for you and b) going to be easiest and ecological, going forward.
The Comprehensive Wealth Accumulation Method
The Wealth Accumulation Method helps you to work with a tool called The Wealth Matrix where you see how Money, Time and Love interweave into this thing called life. In the end you see what actions to take, when to take them, how to measure your results and ultimately have what you want.
This course will guide you so you can begin the step by step process of breaking away from the chains that bind people to the past and the status quo and begin living an exciting, hopeful, abundant future.
Perhaps you sell products and services, or maybe you work at a good old fashioned “job.” That is all history. You may or may not choose to make adjustments. There’s lots of right answers and many times more wrong ones. You’ll see them all play out in the game at lightning speed.
In just 8 weeks, with the assistance of the course, I’ll guide you through a method of safely and securely creating shifts in your life.
Abundance and financial freedom are predictable commodities.
By taking advantage of the little known but very important, Price’s Law, I’ll show you how you can virtually assure yourself any result you desire in any field or niche. Price’s Law makes wealth accumulation as predictable as the eventual arrival of a plane en route to a destination.
You’ll literally be able to look at yourself and say, “Ah, in order to get what I want, I simply to do this.” And you don’t have to guess. It’s all laid out for you.
I’m just like you. I had to learn the hard way. The very hard way. I looked at every “opportunity” (scam) and bought into more than a few. It got old quickly.
I changed my approach.
I started studying the DIFFERENCES between people who grow wealth and those who don’t. I found what most of the serious students of the affluent have found. Most of the things reported in pop psychology books and magazines don’t make much difference in achievement…in greatness…in wealth.
You learn what you NEVER learn in college!
The fact is that there’s a LOT of stuff both the affluent and the poor (and everyone in between) do. This was a huge distinction and one that caused me to really scramble about a decade ago. The difference in what I thought was real vs. what IS real was the difference of millions of dollars.
If you really want to achieve Personal Financial Freedom, the freedom from bills and living paycheck to paycheck…you can be quite sure it will happen.
Everything you learn in this course will be…
b) something YOU can actually DO.
c) take work but not slavery.
d) vehicles that I’ve taken and can vouch for their safety.
Wealth is Best Generated with VERY Small Risks
I’m pretty risk averse….OK, VERY risk averse.
The first decision you make is to not make stupid decisions.
The second decision you make it to MOVE NOW. I’ve done what I have set out to do by of having a really good playbook, being smart enough to do things I find interesting or things I actually LIKE to do, and yes, recognizing and getting past limitations. (Ex. I don’t look like Brad Pitt or Tom Cruise)
If you’re looking to emulate the extremes of Donald Trump, this is the wrong place for you.
If you would like to live an abundant life where you achieve Financial Freedom….Personal Freedom, then here is the place. You will be given the keys. All you have to do is turn the keys in the ignition and “go.”
It’s an eight week process. It’s fascinating, introspective, you REALLY learn about YOU. You’ll find out how you ended up where you are. You’ll find out exactly how to get where you want to go.
The approach I’ve developed for you is unique and it is special in that it accounts for personal significance and meaning in the equation of growing a life of abundance.
Eight weeks where you’ll apply what you learn and create pathways to financial freedom in your life!
If I could show you how to create the life you desired, adopt the mindset of the wealthy, and literally give you a step-by-step handbook to manifest your life filled with abundance — would you be interested?
And what happens when you put this system into practice after the course is completed??
KEY POINT: You will know exactly what to do, step by step. Your Wealth Matrix keeps you on course and moving forward at all times.
The Comprehensive Wealth Accumulation System is a wonderful experience, and if you register today you will not pay $10,000 which is what many, many seminars that purport to offer a wealth building system charge. The Comprehensive Wealth Accumulation System tuition is $2,997. The course begins September 1, 2020 but you can pre-register now and save!
For this ONE TIME ONLY special offering of the The Wealth Course at this low price for Coffee readers, you get in for only $1777
(you save $500 with coupon!)
Reserve Your Spot Now!
Course begins September 1, 2020
Pay with easy installments and save!
When you choose this easy pay option, pay only
$499 + 3 payments of $444 $347 + 3 payments of 347 (you save $443 with coupon!)