Think Wealth, Not Wages!

 

Good morning.

From the time we are in grade school, we are taught to study hard, and perhaps go to college, so that we can get a good job.

Now, there is nothing wrong with having a job. The majority of Americans will have to work for someone else their entire lives.

However, just because you work for someone else does not mean you cannot build real wealth for you and your family.

Unfortunately, many of us adopt an employee-only mindset that can be very detrimental to your financial future. We tend to only think from the perspective of salary or wages.

Start thinking “ownership of assets”! For that is the only way to create wealth.

I don’t care if you earn $250,000 a year or more – if you don’t think “wealth”, and not just wages, you will never create wealth.

Last week, my investment account made more money in one week than what I earn in two weeks. I made that money in my sleep!

Now I am nowhere close to being wealthy. But I have purchased my ticket, and I’m on the train!

I wish someone had given me this information when I was 20, or even 30. I had to figure this out on my own – and it took me over half a lifetime to do it.

I am a very optimistic person by nature.  I tend to focus on the what could go right rather than what could go wrong.

However, even if I weren’t, I would still believe that there will be a tsunami of wealth created over the next 25 years by investing in the stock market. – more wealth than any other period in history.

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click the image of the book at left to be taken to its Amazon page.  (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)

Birthday Bonanza, Part 5 of 8

So far, in my “Birthday Bonanza” series, I’ve discussed:

Now, it’s time to take action.

If you have $1000 ready to open your child’s investment account, great!

Saving a thousand dollars, though, is a very challenging task for some.  This includes married couples and single parents alike.

However, there are a number of ways to come up with the money.

Here are some ideas:

1) Use your income tax refund to fund your child’s investment account.

2) Save $83 per month for 12 months.  The goal of saving for your child’s future should be more than enough motivation to do so!

3) Work a second job, or start a side business, with the purpose of using the first $1000 in profit to fund your child’s investment account.

4) If you are so financially strapped that you can only put $25 a month aside, then put $25 a month aside!  Some money is far better than no money.

I’m sure that many of you have income-generating and/or money-saving ideas to share.  Please don’t be shy!  Tell us about them in the comments section here, or on my Facebook, Twitter or LinkedIn page.

In the next installment, you’re going to open your account!

 

My book, The Stock Market is For Everyone, is a short guide for the beginning, inexperienced investor that is easy to understand and can be put into action immediately.

Click here to be taken to its Amazon page.

(Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)