Tag Archives: wealth secrets of the rich

Rich People Are So Cheap


My best friend and I were in a store the other day and the owner (yes, it was local ownership) walks over to us. We begin talking about the store, shoppers and the economy. The store owner says, “This is a cheap town.” My best friend said, “What do you mean?” The owner says, “No one pays retail anymore. Nobody!”

Of course, we asked: “What about the rich people! They pay retail, right?” He said, “They are the worst. Rich people will really beat you down and do everything to force you down on price. In fact, one old lady was in here last week and made me an offer on something that was A LOT LESS than what it cost me. I said no and she kept after me.”

The person working behind the counter popped his head up and said, “That’s why the rich are rich! They don’t pay full price and they don’t give up easily. The spend less to get more.”

If you just started reading this blog, you see what assumptions are worth, right?

The middle class and poor think it is embarrassing to negotiate over price. We think the rich generally pull out wads of hundred dollar bills. The truth is: They care less about appearance when purchasing items and more about getting the best possible deal.

What should we do?

FOLLOW THEIR EXAMPLE.

That’s it. And always take the original price, subtract the amount you negotiated “down to” and put the “left over” amount in actual savings as if you had purchased the item at full price. Only now you have increased your actual savings.

What are we saying?

Negotiate.

When?

Always.

When do you stop? When you have extracted the most you can before purchasing an item you planned ahead to purchase.

You think rich people pay full price? Think again.

It’s 2010 – there is no shame in negotiating. Want to become wealthy? Force retailers to take less by knowing more before the purchase, shopping around (comparing) and negotiating. Then: Put the amount you saved in ACTUAL SAVINGS.

HELPING YOUR KIDS GET AHEAD

If you think I was born saving money, you are wrong. My family is filled with hillbillies from Louisiana. There are members of my family that don’t believe in 401ks or IRAs. I was not brought up to saving and invest regularly and I have made every mistake you can think about when it comes to money. I have had to learn the absolute hard way how to get savings on track and make it a part of your life without killing your lifestyle. I have had to learn the hard way how companies mislead with marketing. It is my mission to share what I have learned about regularly saving with my own children and also share it with you. That’s why we have a lot of “free” (blogs like http://www.boostmywealth.wordpress.com and http://www.stickyasset.com/blog and groups on Facebook like “Coupons & Coupon Codes”)!

In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Thank you for reading our blog and good luck!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

Connect with us on Facebook with these free groups:
“Coupons & Coupon Codes”
“Live The Lifestyle Your Family Deserves”
“Saving Money”

Paying It Forward

pay it forward
We get feedback all the time. Families are saving more than they were two years ago. Families are reaching out across the internet and finding ways to save more, invest more and earn more passive and “extra” income. We see this feedback from those who get our “How To Survive Any Financial Crisis.” Maybe we should have named it “How To Really Build Wealth In Any Economy.” The most interesting thing that we hear is how parents grade themselves on their own personal finance knowledge and how they talk with their children about it.

If your parents were like ours, they didn’t want the kids to know when things were tight. They just wanted the kids to be allowed to be kids. T. Rowe Price just did a study that shows that, “on average, parents only give themselves a “B-“ grade when it comes to their own understanding of such basic pillars of financial planning as setting financial goals, the importance of saving, spending smartly, contending with inflation and diversification.”

The same study from T. Rowe Price indicated that more than half of the parents surveyed feel they do not discuss financial matters enough with their kids. They worry they should be doing more to prepare them for their financial future. (check out the T. Rowe Price Family Center at http://www.troweprice.com/trowefamilycenter). We do not endorse any investment or savings institution.

These are some of the reasons we set out to write our own “How To” for our children that eventually ended up on our website (www.middleclassmoney.com). We want to encourage parents to build their own financial plan and include their children. Let them learn from your mistakes and your successes. This is the best “Pay It Forward” you will ever participate in within your life.

Imagine giving your children an education that can help them struggle less.

REALLY PAYING IT FORWARD

In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Thank you for reading our blog and good luck!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

Build Wealth With Our 1% Plan

one percent
The President Of The United States on the economy 7/31/09: “I realize that none of this is much comfort to those Americans who are still out of work and struggling to make ends meet. And when we receive the monthly jobs report next week it’s likely to show that we’re still continuing to lose far too many jobs.”

THE PRESIDENT IS TALKING DIRECTLY TO YOU AND ME

When do you think the president is talking directly to you? Many Americans are working and others are losing their jobs or due to lose their jobs in the now or near future. If you don’t have a regular and automatic savings plan, you are losing ground in this economy. In fact, you may lose your job in the coming months and not be able to find a new job for many months. You could also be in a situation where even when you find a new job, you cannot replace your income. That means your family income will drop.

IF YOU HAVE A JOB, ALL YOU REALLY NEED IS OUR 1% PLAN

If you have a job today, you have opportunity to save money. This is true because of specific strategies that you can take to keep more of the money you are earning as savings. However, you may have to adjust the way you look at your pay at work, your spending and your savings.

How much should you be saving each paycheck? Experts often agree it should be 20%. How can the average person with a mortgage, bills and children do that? We recommend that you begin with our 1% plan.

Take your next paycheck. Look at it after taxes. Before you do ANYTHING with it, take only 1% of your after-tax paycheck and separate it. Put it in a money market savings account. Try HSBC or Ing Direct. They are both on-line FDIC-insured banks.

Then….each time you get paid from now on, increase your savings – off the top – by another 1% until you reach 20%. This is a trick so that you don’t shock your lifestyle and you gain access to savings that you will need. After all, savings should not be optional.

MORE HELP BOOSTING ACTUAL WEALTH

Need more help? Can’t save that “fast”? Only increase 1% additional every month. The point here is to begin. Do not delay starting.

Many personal finance advisors tell you to save or pay yourself first. We like to go further with savings by sharing how YOU can begin a program on your own with our 1% plan.

We also encourage you to build your own total and overall plan to boost savings and build real wealth. We are dedicated to sharing the secrets and making it easier on you.

HELP YOURSELF & THEN HELP YOUR CHILDREN

In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Thank you for reading our blog and good luck!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

The Best Advice You May Ever Get On Money

Numbers

The Numbers

10.6% – The charge-off rate on credit card debt in May, the highest on record.*

2.9% – The delinquency rate for prime mortgages in the first quarter, up 20% from the previous quarter.*

49% – The portion of recipients who have exhausted their unemployment benefits BEFORE finding jobs, as of May vs. 37% a year ago.*

These numbers speak for themselves. Our biggest concern at this blog is the millions who feel they would like to save but don’t because they think they can’t.

YOU CAN save no matter who you are and no matter what you earn. Most Americans gain a certain identity from their job and what they earn in their paycheck. If that identity shifts to saving and investing, the course of future history can be completely altered.

Think about this: You don’t need to change future history for many. You can focus on how you can change future history for your family and all that it touches in the future. You can change the way you educate your children on personal finance.

Regular savings + Investing in assets that produce other assets of the same kind + commitment to reduction and elimination of debt + time = wealth.

Do you really want to grow wealth? If you do, you will follow this formula and seek more informal and perhaps some formal education to always learn more about how the rich put money under pressure

Saving Is Not An Option

Because we focus on what we would call “other education” in the United States, millions and millions of children grow up to think that saving is optional. The truth is: Saving is only optional if you want to guarantee poverty when you are older (or even sooner).

If you are serious about learning the path of the rich when dealing with money, you should spend more time learning what they already know and pass along to their own children. You can utilize our blogs (www.stickyasset.com/blog and http://www.boostmywealth.wordpress.com).
If It Is Free, It’s For Me

Sign up for our FREE monthly e-saver @ http://www.stickyasset.com/blog. Look for the e-mail sign-up window. We will not sell your e-mail address or share any of your information. We are all about you and your family developing your own plan to boost savings regularly, lose or eliminate fees and waste and grow long-term wealth.

A BONUS FOR YOU
Finally, the only thing we sell of any kind is “How To Survive Any Financial Crisis.” You may purchase this for $4.95 for a limited time only at http://www.MiddleClassMoney.com. We don’t apologize for charging people. It is a very small fee, and it is totally worth it. Inside “How To Survive Any Financial Crisis” we share direct secrets with you about strategies used by the rich to propel wealth. If you are not interested in these secrets, don’t purchase it. If you are, it cost about the same amount as a cup of coffee at Starbucks. You can do this.

Join our FREE Facebook group Live The Lifestyle Your Family Deserves™. The only thing we ask is that after you join you invite at least five (5) additional people you care about to join as well.

No matter who you are – you can do this. If you want to build savings, it won’t happen overnight. However, it will grow A LOT FASTER than you think.

Get started. This is the best advice you will ever get. Take it and run with it. Start today.

Thank you.

Loyd Ford
http://www.middleclassmoney.com
http://www.stickyasset.com/blog
http://www.stickyasset.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth

Don’t forget to invite others to join Live The Lifestyle Your Family Deserves™ only on Facebook.

*from the July 20, 2009 Fortune Magazine. Sources: Moody’s office thrift supervision: Department Of Labor.

6 Wealth Secrets Of The Rich

forbes_400

You think only the rich can build wealth? Try it yourself. Here are a total of six (6) wealth building secrets of the rich free for your experimentation starting tomorrow morning. Try it. It works.

1. Focus on assets. Rich people tend to purchase assets and put off purchasing things that are for pleasure until their assets pay for them (so they don’t have to do it out of their income). Assets are those investments that produce other versions of themselves.

2. Set goals. Get aggressive with your goal setting. Set goals for personal savings. Set goals for retirement savings. Set goals for saving money with coupons. Set goals for building value into your life.

3. Live below your means. If you are not consistently setting aside a portion of your income for savings and investing, you will not be able to see your money “work for you.” If you want to grow wealthy, recognize that wealth is re-invested – NOT spent. Grow money by keeping as much of your money as possible “busy” investing and growing toward your goals for that money. Many middle class and poor families think the rich just spend, spend, spend. In truth, they focus their wealth on “working” to grow more money and live below their means. You can do the same thing and gain “wealth traction.” You’ll hear some wealthy people snicker at this one, but the truth is: they build wealth because they live below their means and apply all income possible toward the production of more assets (see #1).

4. Don’t focus on get-rich-quick. Minimize spending. Focus on maximizing your assets (assets grow other assets). While “income” is taxed, taxed, taxed, investing in hard to spend assets grows wealth (and is taxed less than income).

5. Negotiate on everything. You think rich people don’t negotiate? Well, they do. And you should, too. Don’t be too embarrassed to become wealthy.

6. Know where your money is going. Money is slippery. Worse, it becomes worth less over time. Smart and rich people know where there money is, how much interest it is earning and they review how to get the most out of it every six (6) months. They do the same with “providers” (insurance, services) to make sure they are “containing expenses.”

The truth is: If you want to get Walmart rich, focus on these and the other wealth secrets of the rich and you will build wealth one step at a time.

If you want more secrets of the rich, get a copy of “How To Survive Any Financial Crisis” for only $4.95 at http://www.middleclassmoney.com. Imagine yourself getting the wealth secrets of the rich for about the cost of a cup of coffee at Starbucks – and then click your way to putting the secrets in your hand.

You can sign up for our FREE monthly e-saver at http://www.stickyasset.com/blog.

Time + automatic savings + living below your means + investing more of your income in assets = wealth-building. Try it. It will work for you.

More wealth secrets are available at http://www.middleclassmoney.com. Good luck!

Join our Facebook page. Just search for Live The Lifestyle Your Family Deserves™ and mix with other people who are focused on saving more, boosting their investing and growing wealth.

Thanks for spending a few moments with us. Good luck!

Loyd Ford
http://www.middleclassmoney.com
http://www.stickyasset.com/blog
http://www.bostmywealth.wordpress.com
http://www.stickyasset.com
http://www.squidoo.com/boostmywealth

Join our Facebook page. Just search for Live The Lifestyle Your Family Deserves™.