You Can't Be a Millionaire. Unless...
By Dr. Steve Sjuggerud
Tuesday, April 28, 2009
A friend of mine has a net worth that's comfortably in the tens of millions of dollars.
I don't know for sure of course... It's not polite to ask. But I know of his business dealings. And I've been to his stunning house on the ocean in Palm Beach County, Florida. (A few years ago, he bought his neighbor's house – rumor was he didn't like the dog barking next door. He connected the two properties, renovating the neighbor's house to match his own.)
For the last decade or so, he's spent his days doing what he wants... which, it turns out, ends up making him even more money.
My friend's story starts at a Dale Carnegie public speaking course maybe 30 years ago. In that course, my friend was asked to pick the one thing he'd like to achieve in life and give a speech on how he planned to achieve it.
My friend wanted to do so many things in life... He wanted to teach a college-level course (his father was a college professor), he wanted to write a screenplay for a movie, he wanted to appreciate art as well as any art critic, he wanted to write a fiction story and have it published... The list goes on. Oh, also on the list was "make a lot of money."
He thought about his list. And he figured if he accomplished the last one – "make a lot of money" – then he'd have the opportunity to accomplish the other things on that list, too. So that's what he gave his speech about... How he'd get rich.
What my friend did to get rich was to set out to get rich. For years, he made that his main goal. You might not like the idea of dedicating your life to amassing wealth. (And you don't need a fortune to live well.) But it worked for my friend... and it worked Felix Dennis.
Over the weekend, I read one of the best books ever written on getting rich. It's Felix Dennis' How to Get Rich.
Unlike most of the writers of self-help books, Dennis is actually very rich. And unlike most self-help writers, he didn't make his money pitching self-help seminars or DVDs. Instead, he made hundreds of millions of dollars publishing magazines like Maxim.
In short, he didn't need to write How to Get Rich. But I'm glad he did. It is brutally honest and filled with wisdom. You should read How to Get Rich with a highlighter in hand. Like my friend, Dennis set out to get rich. He makes no bones about it... which makes reading this book refreshing.
As Dennis says, getting rich isn't easy to do, and most people won't even try. People as rich as Dennis are rare. Few people as rich as Dennis have actually tried to put down on paper, for the layman, the legitimate secrets of getting rich. Dennis did, and did it well.
At DailyWealth, we have spent lots of time with many hugely rich entrepreneurs. We have heard the stories of how they got to where they are now... we've heard their insights. No book we're aware of captures those insights as well as this one.
Are you capable of being rich? Are you willing to make it your goal now, so you can later conquer all your other dreams, like my friend and Felix Dennis?
Read How to Get Rich and find out...
Good investing,
Steve |
THE CRAZIEST TRADE IN THE MARKET RIGHT NOW... IS WORKING!
Quick... what would it take to get you to buy shares in a restaurant company right now?
If you're like most investors, you're thinking, "You're crazy to buy restaurant shares... Don't you know we're in a horrible recession? I wouldn't touch 'em with your money."
And if you're thinking that, you're missing out on an unlikely rally. Today's chart shows the past year's trading in Panera Bread... one of America's most popular restaurant chains. Shares are sitting at a new 12-month high. Shares in Darden (Red Lobster, Olive Garden), Steak 'n Shake, Cheesecake Factory, and Chipotle are in solid uptrends as well.
It sounds ridiculous considering America's high foreclosure rates and climbing unemployment... but it's the market's job to do "ridiculous" things that confound the crowd. That's why restaurants will continue their unlikely rally...
 |
|
 |
 |
Gold prices rose modestly on Friday after China said it had become the world's fifth-largest holder of bullion after secretly increasing its reserves by 75 per cent to 1,054 tonnes since 2003.
"The move does send a positive signal to the market, reigniting gold's relevance as a monetary asset," said Suki Cooper of Barclays Capital.
"It has also led to speculation about further increases in China's gold reserves, buoying positive sentiment towards bullion."
China has overtaken Switzerland, Japan and the Netherlands to become the fifth largest official holder of gold but still only holds a small proportion of its total foreign exchange reserves, under 2 per cent, as gold.
– Financial Times
Nearly one in 10 U.S. workers will be unemployed before the job market starts to improve, economists in a USA TODAY survey predict. Most expect continued deterioration in the overall economy over the next six months.
The unemployment rate will peak at 9.8%, according to their median forecast, up a full percentage point from the prior survey in January. Twenty-one economists predict the unemployment rate will top out at 10% or higher, according to the survey of 51 economists by USA TODAY April 16-22.
Economists also predict the jobless rate will rise for a longer time. Two-thirds say it won't stop rising until 2010 or later, vs. 51% in January.
– USA Today
|
 |
|
|
My Plan to Make a Fortune over the Next Five Years
Monday, April 27, 2009
An Inside Look at One of the Biggest Scams in America
Saturday, April 25, 2009
The Great Rally Before the Great Inflation
Friday, April 24, 2009
The Quickest Way to Build a Paper Fortune in the Coming Years
Thursday, April 23, 2009
America Is Still the Best Place to Make Money
Wednesday, April 22, 2009 |
|
