Finally, The Whole Secret to Making Serious Money is Revealed

Let me tell up how I think about making money … serious money … say, $7 million in 7 years:

Making that sort of money – for most of us who don’t inherit, win, steal, speculate, gamble our way to that much cash – is a long journey. It’s not so bad when you consider that 99% of people can’t SAVE their way to $1,000,000 in 20 years but, my point is that it’s still a journey that takes quite some time.

So, if you were to go on a long journey (besides a toothbrush!) what would you need?

Three things:

1. A destination

You would need to know where you’re going for a short, local journey, you probably need an address. For a long, global-scale journey, a country and city would be a nice start.

2. A map and compass

If it’s a local journey, you will probably need a street map. Athough, very simple instructions from somebody who knows the way will probably do.

But, if it’s a global-scale journey, the trip will most likely be broken down into stages for you by your travel agent, and you will need a series of ‘planes, trains, automobiles’ maps, telling you how to get from HERE to THERE.

Also, it would be a good idea to have a compass to tell which way is UP when you read the maps!

3. The Rules of the Road

Now, it would be nice to get to where you’re going without being arrested. If it’s a local journey, you can probably use common sense (although, it’s still best not to jaywalk).

But, if it’s a global scale journey, the rules may be totally different at different stages of the journey (you DO know that the English drive on the other side of the road, don’t you?).

Well, making money is a journey as well and you need three things:

1. A destination

When it comes to money, your destination is in two parts (a) HOW MUCH you need, and (b) WHEN you need it. The when is usually in terms of WHEN you stop working, but it need not be; and the HOW MUCH is determined by how well you want to live when you get there (1 star? 5 star? In between?).

2. A map and compass

Your map will be the three stages of your financial journey (getting debt free and starting a savings plan; ramping up both your income and your investments; keeping your money once you get wherever ‘there’ is for you) and we will cover that over the coming weeks.

Your compass will be your Investment Net Worth (we’ll discuss the difference between this and your ordinary, old ‘net worth’ later this week).

3. The Rules of the Road

Like every good ‘rule book’ the Rules of the Finance ‘road’ is a thick one! An example of a Financial Rule is the 20% rule of investing in your own home.

This ‘rule’ says to NEVER have more than 20% of your Net Worth tied up in your own home – add another 5% to cover your car and other ‘stuff’ that you may own, this is another way of saying: ALWAYS have at least 75% of your Net Worth in investments IF you want to get rich and stay rich! There are many, many more. By learning them, you can shave YEARS off the time it takes you to get rich.

There’s one other thing that most people need when they are traveling, and that is a good ‘tour guide’ … when it comes to making money. Find a mentor or guide who is willing and able to show you how!


Adrian J Cartwood Who says that how to make money should be kept a secret? Read the blog to find out how … no scams or schemes, just good old-fashioned FREE advice!