Money Doesn't Make You Rich...

Just tonight, I posted that same phrase on my facebook account (which you can add me at by clicking HERE).

And it made me think about the people that win the lottery and have a hard time choosing "to be rich". Here, they have just become instant millionaires (even after the government's LARGE and UNEARNED share is taken out) and they don't know if they'll quit the job that is the VERYYYYY reason they're poor in the first place.

And on top of the thought of them NOT quitting their job, the most logical answers when asked what will you do with the money are: Buy a new car (liability), buy a new big house (liability), buy a boat (liability).

I dont have a full and complete plan yet, but I have about a 90% done rough-draft of what I'd buy and what I'd do in a situation like that. First, I'd secure my present assets. By secure, I mean, put everything either in my home or in a storage facility temporarily. I'd lock it up for a month or so. Compensate someone you can trust for visiting your home and keeping an eye on it for me. Pay all the reoccurring monthly bills in full + one month in advance (mortgage, taxes, insurance, utilities, etc.). Then, I'd put my current real estate investment company on auto-pilot, instructing my employees to run it while I was away.

Next, I'd schedule a vacation to somewhere for acouple of weeks. I'd get a new laptop and/or doodle pad for taking notes. I'd relax. I'd accept no calls, no nothing for 2 weeks from people in my day-to-day life. I'd do nothing but relax with a clear mind. I'd expand on my previously created notes. The one's where I nearly only dreamed of completing someday. I'd put my dreams into action.

I wouldn't think about a Just Over Broke (JOB). I'd think of ways I could acquire some serious assets and make more money, so I'd NEVER have to reconsider a JOB again.


Just my two-cents, though.


Tim Kaufman