The Secret Equation to Become Wealthy

I appreciate that you’re still here after my first post, so I will reward you with the Secret Equation to Become Wealthy. This simple jumble of words can help you become free from work and money-related stress, and allow you to do whatever you want in life. Dr. Dre, Eminem, and Stephen Hawking have been in the lab for years cooking this baby up, and I just hacked NASA’s database to provide it to you. *cue hype man with air horn*

(INCOME) — (SPENDING) = SAVINGS

 INVEST SAVINGS

MAXIMIZE INCOME, MINIMIZE SPENDING, therefore MAXIMIZING INVESTMENTS

That’s it. If you understand the ins and outs of how to do all of that stuff, and you are free to click out of this page, and go live your successful life. Thanks for stopping in!

For those of you who may have questions or want to know more about any part of that sequence, we are just getting started! Let’s break down the individual parts and explore ways to accomplish each one.

P.S. Feel free to print this page out, highlight the equation part in all caps, and tape it above your bed.

 

(Pictured: My cousin sitting on the ice while ice fishing. Grandy, MN January 2017)

Grandpa’s $50,000 Carpet

 

My grandpa used to talk to me about the stock market and investing when I was a little kid, which sparked my interest in the financial world. One of his stories that stuck with me was about a $50,000 carpet that he bought.

Now this carpet wasn’t a rare, foreign, handmade, luxury carpet produced by Kanye West. Just some regular old carpet. So this is why it cost $50,000…

Grandpa was helping to fix his sister’s house in the 1970’s. They needed to buy some carpet to finish it up, but good old Grandpa didn’t have the cash on hand at the moment. So he pulled some money from an investment he had made. He sold some shares of Johnson & Johnson stock, and took out $300. Then bought some carpet. No big deal.

Except that if he had left that $300 in Johnson & Johnson stock in 1976, it would be worth $48,403 today!

We’ll get into how that’s possible pretty soon here, but the main point is that investing is a powerful tool that can turn relatively small amounts of money into massive amounts of money over time.  It is also a tool that some people are scared of and avoid, but with a little education you’ll be able to use it effectively and confidently! #MoneyGoals

 

(Pictured: My grandpa showing off his mad fishing skills)