Are You Bright and Broke?
Posted on May 15, 2005
This article appeared on May 10, 2005 in Ty
Boyd’s Zipline, a learning resource for Top-Of-The-Line Executives or ones who
want to be. If you would like to receive this valuable ezine, you can subscribe
by clicking here.
by Mike Summey: … Unfortunately, bright and broke is the position in which an
increasing number of Americans find themselves. Why? Why are so many people with
good educations, good jobs and all the appearance of success just a paycheck or
two from financial disaster? Regretfully, the answer to this question reveals
the darker side of what’s taking place in this, the greatest country in which
to build wealth the world has ever known.
I wish I could begin by saying that I’ve been blessed
beyond my wildest dreams, but that wouldn’t be quite true. You see, for me
they were more than just dreams; I turned them into goals that shaped my life
and brought me much success. Sadly, that’s an art that isn’t taught in
schools.
In my bestselling book The
Weekend Millionaire’s Secrets to Investing in Real Estate (McGraw-Hill
2003), written with Roger Dawson, I shared much of the knowledge I’ve
learned from more than 30 years of investing in real estate. The simple basic
fundamentals outlined in the book caused thousands of readers to view real
estate investing in a totally different light. The methods taught in the book
and the examples of its application are both doable and realistic for ordinary
working people. It’s not another of these get-rich-quick schemes aimed at
people having financial difficulties that appears to be a quick way for them to
solve their problems.
After receiving hundreds of letters, calls and emails from
readers, I discovered that ordinary people needed more. Although it was phrased
in many different ways, the message was clear, “We believe what you say and we
see how it can work, but how do we get ourselves in the right frame of mind to
do it?” Legitimate question! The emotions that came through in all that
correspondence ranged from fear and doubt to lack of self confidence and
uncertainty.
I could relate to their concerns. I had experienced them
all myself, yet I was able to solve the mystery that keeps most ordinary people
working 40 hours a week, 50 weeks a year for 40 years and ending up with little
more to show for it than a worn out body and a Social Security check. What
amazed me was the fact that the solution is so simple most people completely
overlook it.
That’s why Roger and I wrote our just released new book Weekend
Millionaire Mindset: How Ordinary People Can Achieve Extraordinary Success
(McGraw-Hill 2005). Filled with real life stories from our own lives, we take
readers on a journey through the Formative Years, the Learning Years and the
Earning Years and demonstrate how even ordinary people can achieve extraordinary
success. By sharing the events that shaped our lives, we show the readers how
they can construct a “Weekend Millionaire Mindset” from their own life
experiences.
In the book, we shine a light on the actions and inactions
of ordinary people that stand between them and financial independence. We cover
the good and bad aspects of debt and describe how current practices ensnare many
young people in a trap of consumer debt from which they never recover. In easy
to read prose, we guide readers through a number of effortless and simple
exercises that will allow them to discover their personal shortcomings. We then
show them how they can adjust their actions to bring about greater success.
Albert Lowry, Ph.D., author of the New York Times
bestseller How You Can Become Financially
Independent by Investing in Real Estate says, “For more than 30 years
I’ve taught people how to build wealth. This book is not only a great read,
but it defines the characteristics ordinary people must develop if they expect
to achieve financial independence better that anything I’ve read in my
lifetime.” Mary Glenn, Editorial Director at McGraw-Hill says. “…we expect
the book to impact the 21st Century the way Napoleon Hill’s book Think
and Grow Rich impacted the 20th Century.”
We feel the greatest injustice successful people can do to
mankind is to take to their grave the knowledge that brought them success.
That’s why Roger and I have once again joined forces to produce a book
designed to help ordinary people build a better life.
Here’s to a brighter future for everyone!
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