Have you ever done an internet search using the phrase “How to get rich?” If you do, prepare yourself to be greeted by roughly 865 million websites, each one offering you advice and tips on how to increase the balance of your bank account. But the problem is that most of these websites all offer the exact same, tired old advice: “Get a good education; Get a good job; Invest in a 401K or a mutual fund; Work five days a week for the next 40 years, taking weekends off and two weeks of vacation per year.”
This is the traditional advice given out by the financial industry and probably by your own family members. For decades, Americans have been told that this is the surest path towards financial independence. But there’s one problem: this advice just doesn’t work anymore.
Perhaps at one time, back when college tuition was cheaper, when the stock market was more predictable, and when companies actually rewarded employee loyalty, this advice did work. But in today’s economy, the traditional financial advice so often doled out is just plain outdated. Why can we say that with so much certainty? The answer is simple: take a look around at the people you see. If the traditional advice worked, then the American middle and upper-middle class would be doing much better than they are. They wouldn’t be swimming in debt, worried about defaulting on their mortgages, and dreading the moment when they are forced to retire.
The time has come for the American middle and upper-middle class to learn a lesson from the world’s rich: stop simply following, and start thinking.
In 1904, Mark Twain wrote in a personal notebook: “Whenever you find yourself on the side of the majority, it is time to reform.” Those words couldn’t be truer when speaking about following popular financial advice. Conforming to the financial “wisdom” of the moment and following the pack is just not the way to financial independence. So what is?
Throughout the centuries, those who have been able to take control of their finances and reach their goals were those who first took a moment to sit down and think. Independent thought and fresh perspective on the subject of money is what’s needed to move towards living out your financial goals. And this new way of approaching your finances doesn’t have to be scary. In fact, it can be very refreshing and even exhilarating to view the world with fresh eyes and to cast off the chains that have been holding you back.
The book Forever Cash presents a philosophy that shows you how to manage your money like the rich do. And the best part is that this new way of thinking is not about cutting the things that you love out of your life. It is not about depriving yourself of all fun activities simply because they cost money; doing that would sap the life and motivation out of most of us. And neither is the philosophy presented in Forever Cash also isn’t about dropping everything and risking your life savings to start a business, because that is not the right path for most people.
Forever Cash shows you how to stop swallowing everything- hook, line, and sinker- that the financial planning industry and well-meaning friends and family tell you. It teaches you how to evaluate investments and expenditures for yourself, and it does so in an easy to understand way. Every person that takes the time to read this book can stand to benefit from the lessons it presents.
Getting rich means learning how to think like the rich. The lessons and methods have been around for centuries, and now it’s your turn to learn them and to put them into practice. Are you ready to take this exciting journey?
A report just released by the US Census Bureau shows that the average US household income has dropped to the same level as in 1989. Guys, that is two generations of gain lost! But to make matters worse even though income has dropped costs have not. In 1989 a gallon of gas was $1.12 and a dozen eggs were 98 cents. It is time to do something about it.
Thx for the posting Warren, costs up, income down, I think we all need to personal responsibility of our own finances and retirements. It is time to take accountability and now is the perfect time to begin!