I once heard a story about great wealth from an unlikely source. A man had passed away and had delegated a substantial amount of money to local charities in the area; it totaled to over a million dollars! This man was not the CEO of a company, nor was he a doctor or lawyer. Actually, he most likely never made more than $50,000 a year! This man was a janitor.
News of this janitor’s great wealth spread rapidly and people wondered, “How could this man possibly have had such great wealth? He must have received a great inheritance.” Not so. This man did not receive an inheritance. He merely put into practice the teaching of many financial planners: Begin investing early, be consistent, and watch your investment grow.
There is another great story I would like to share with you today, and you can read all about it on her website, “Millionaire Mommy Next Door”. I encourage you to check it out, it is very inspiring.
She grew up with her parents that were always working, yet had little to show for it. Never having much of a focus on her future, she found herself very close to homelessness, which more or less scared her into taking some action on some life goals. She had an interest in dog training and offered her services for free as long as the agency would teach her how to train. She was later hired, and then started her own business a few years later – she was on her way to making millions!
There is much more to that woman’s story, but the point is, she discovered that she was not heading for financial success, so she took action! She was able to start her own business (with a small start-up cost I’m sure) and become financially independent! She doesn’t live lavishly and no one would ever think she was a millionaire, but she certainly has great wealth none-the-less.
Hopefully these stories inspire you to take action on your finances. With a small business and a thousand extra bucks a month, great wealth can be created through careful investing and patience.
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.