My Heart Went Out to Her… and Then Came Back!

By Michael Masterson | Fri, Oct 30, 2009 |

  

Archives: Productivity

Profiled in The Wall Street Journal the other day: A single mother, hit hard by the recession. She can barely keep a roof over her family’s head. Her salary was cut by 60 percent. And buying even the basics is a struggle. A story we’ve heard again and again.

“How sad,” I thought to myself, as I read the article. “How can somebody possibly be expected to live on … $150,000 a year? Wait! What?”

That’s right. This woman, a Hollywood realtor, is bitching about making more than 95 percent of Americans.

I don’t know her personally, of course. But I bet I can guess the problem. She spends too much. Expensive house. Designer clothes. Four-star dinners. Vacations galore. She may have felt rich. But she was just making herself poorer with every purchase.

As I say in Automatic Wealth:

“Having the things you desire — say, a big house and fancy cars — does not make you materially wealthy if you don’t have the wherewithal to keep those goods over a protracted period of time.”

The money this lady has gives her an amazing opportunity. If she would only follow the simple plan I outline in Automatic Wealth.

She can reduce her expenses. She can save. She can put that extra money to work to create multiple streams of income. She can start a side business. She can invest in rental real estate. She can make smart investments — the kind she could read about in Sound Profits.

If she does that, she’ll have more than enough to live on and retire very comfortably at an early age. And without bitching.

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Bob Bly isn’t the biggest Internet marketing operator out there. “I’m just a copywriter,” he says, “with a little business on the side.”

Three years ago, Bob put down $263 to fund that “little business.”

And guess what? That little business is adding an average of $1,000 to his bank account… every single day.

That works out to an annual income of several hundred thousand dollars a year.

“My Internet Cash Generator doesn’t make me millions,” he says. “But I don’t work on it very hard either. It takes about an hour a day.”

Bob’s one of the best there is at breaking down what it takes to complete any task. And now he’s applied this skill to show you exactly how he created his business.

Find out more about his income-boosting secret right here.


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  • Michael,

    You have added another dimension to wealth! Women’s magazines with their glossy ads and decorating themes evoke some of the feelings you speak of; however, they are just photos of that lifestyle at best. We look at and enjoy them, but we don’t adapt that lifestyle and the majority of us never will.

    Your article may change that if we take your recommendations seriously. I see great potential in this statement: “The feeling of wealth for me now has three elements: tranquility, safety, and emotional or intellectual enrichment.”

    I will make every effort to incorporate the three elements into my daily life. Thank you for another perspective!

    Penny Davies