Wealth Strategies

For Any Economy

 

The newspaper headlines tell the story of the global economic crisis we face; stock market drops, bank closures, government rescue plans and organized efforts by the US, Canada, Europe, and Asia to control the declining global economy, all with little effect on our personal financial challenges. Home values are down, Wall Street has lost five years of value in one week, retirement plans are wiped out, and unemployment is rising. Can you do anything to change your financial situation?

 

Yes you can and that is the purpose of this report; to show you how to:

 

·        Take control of your finances.

·        Create your own income.

·        Create your own wealth.

·        Not need to depend on others to give you a job.

·        Not need retirement plans.

·        Not need social security.

·        Not need the government to give you money.

·        Not need the government reform to protect your job or your money.

 

Most people grow up never knowing how to create money on their own. Our parents, society and the educational systems all teach only how to prepare you to have a job. The problem is jobs are not security.  Jobs are controlled by your boss, or the company you work for and are subject to market conditions controlled by the local, national, and global economy.

 

Most people don’t know they have a choice. You can either allow your life to be in the hands of bosses, employers, Wall Street, and the global economy. Or you can learn how to create your own wealth and never again let others take away your security and freedom.

 

 

What Most People Do

When The Economy Gets Tight

 

1.     Cut out vacations.

2.     Cut out movies and entertainment.

3.     Buy less of everything.

4.     Buy cloths at cheaper stores.

5.     Shop at second hand stores.

6.     Mow their lawn instead of hire a lawn service.

7.     Wash their car instead of drive through the car wash.

8.     Pretend they like their job so they don’t get laid off.

9.     Conserve energy by turning off lights, unplugging power supplies when not in use, turning down the heat or air conditioner.

10.                        Save gas money by making fewer trips to the store; once every two weeks in-stead of twice a week.

11.                        Packing lunches instead of eating out.

12.                        Look for who to blame for their financial struggles.

 

Are these good things to do? Will you ever get ahead financially or get rich by doing these things? No. Will it change your financial future? No. Next time there is an economic crisis will you find yourself at the mercy of the economy again? Yes. Is there really anyone to blame but yourself? No.

 

Is there a better way to live your life? Yes, and I’ll soon be showing you how. But first let’s look at some behaviors of the wealthy. 

 

What The Wealthy Do

When The Economy Gets Tight

 

·        Still take vacations.

·        Still pay for entertainment.

·        Still buy everything.

·        Still buy expensive cloths.

·        Still shop at expensive stores.

·        Still hire a lawn service.

·        Still hire a car wash service to come to their home and wash their cars.

·        Still are glad they don’t work for an employer.

·        Conserve energy, but they don’t do this to save money, they do it only if they believe it to be better for our environment.

·        Still have limousines and charter planes.

·        Still eat in style.

·        Look for opportunities to bring value to the down economy by helping others, and creating wealth for themselves all at the same time.

 

So, why are we comparing lists? Because, the lists of what people do tells why they are either wealthy or not.

 

Here is a huge secret:

People don’t spent time

trying to save money

because they are poor.

They are poor because

they spent their time

trying to save money.

 

This is opposite of what we grow up believing and it is opposite of all that most people consider truth. That’s why most people continue trying to save money and why they will never have much of it.

 

If you want to have massive wealth in any economy you must stop putting all your time into saving money. You must begin putting most of your time into something that creates wealth and I’ll tell you what I mean in a minute. But, if you spend all your time shopping for sales, clipping coupons, and sending in rebates you are guaranteed to never be rich or have the money you desire.

 

If you work all day and then spend all your evenings and weekends washing clothes, folding laundry, loading the dishwasher, moving the lawn, shopping for sales and washing your car, then you will never have enough money to pay people to help do those chores for you.

 

So how do you get out of the cycle? You think if you had enough money, you would paying people to do all those chores. You think if you had enough money you would love not having to shop for sales. And worst of all, you think the wealthy don’t have to do all those money saving things because they have so much money that they don’t need to try saving it like you do.

 

WRONG! That’s not why the wealthy people don’t do all the money saving behaviors that you do.  They don’t do all those behaviors because it uses up valuable time that they need to use if they want to create wealth.

 

And long before they were wealthy they had to make a decision: are they going to spend time trying to save small amounts of money, or, will they spend what little money they have in order to save time, so they can spend that time on something to create wealth.

 

If you are like most people you simply don’t have the money to pay for a butler, a maid, a cook, a chauffeur, and a private jet. So, don’t get me wrong, you can’t jump into the middle of it all at once,; you have to start just one step at a time. But you have to start if you ever hope to become wealthy.

 

Find whatever money you can scrape up whether it be $5, $10, 0r $15 and pay for anything you can to save a tiny amount of your time. Stop your cable service if you have to for a month and use the $29 to pay a lawn service to mow your lawn, or hire a house cleaning service to clean your home, so you save an hour or two a week. When I was 25 years old, all I did was come up with $15 to $25 dollars a month to pay a lawn service.  That is all it took to make the difference in my life. It’s like a cascade of positive events once you start.

 

I took the extra time I saved and began to work on my wealth plan.  At first I took some time to work overtime at work to get more cash than it cost to pay the lawn service.  So then I had more money to pay a lawn service plus people to work on my cars; back then I was dirt poor and drove a 24 year old car that broke down every week and I had to fix it myself because I was poor. But now I used extra money form working overtime to pay people to work on my car. That gave me even more free time to work more on my wealth plan.

 

Every week and every month I worked on it.  Two years later I became owner of a multi-million dollar business, making a lot of money. I used all that money to pay a bunch more people to do things for me to save me even more money.  I began spending money anyway I could in order to save me time.  And I invested all that extra time I saved, into my wealth building plan.

 

All most people need to do is to understand that it is a domino affect. The first step of pushing over that first domino is to scrape up a tiny amount of money and pay someon to do something for you to save you some time.  Then don’t go watch TV, but use that time to take another wealth building step.

 

So, what are the rest of the steps for you to create wealth? I studied hundreds of multi millionaires and discovered a formula for how to create wealth. Fortunately, you can make millions of dollars with anything you love to do when you share it with others in a way that brings value to hundreds, thousands, or even millions of people, and they pay you millions for that value.

 

If you love horses, you can bring value to those who want to learn to ride, if you love singing you can make CDs and share your voice to those who would pay to hear you sing, if you love fishing you can bring value to others by starting a company that takes company executives on three day fishing trips for a handsome fee, if you love real estate you can bring value by offering buildings for people to live in or work in exchange for rent, and the list goes on.

 

In my books and CDs I share details of how to think about money, opportunity and how to focus your mind to create the plans you need that will make your dreams of being wealthy come true.  By following my formula, anyone can become a millionaire in 36 months. And you will never need to worry about the economy again.

 

For additional information:

Visit: www.FormulaForMillionares.com

Where you have access to other FREE articles and audio downloads.

 

This article was written by Paul McCormick, October 2008

Author of: SECRETS OF THE MILLIONAIRE INSIDE – The 7-Step Formula For Becoming A Millionaire.

 

About the Author

Early in Paul’s career he had the opportunity to work with hundreds of entrepreneurs and multi-millionaires and he soon discovered the secrets to creating wealth. He packaged the ideas into what he calls the Formula For Millionaires. He began using the formula in his own life and at age 27 became owner of a multi-million dollar company and at 29 became CEO where he remained for the next 11 years.  While in his 30’s he walked away from it all, in order to write and speak; sharing the formula with you.