Monday, March 28, 2016

Reality Check

From the Desk of Mike Farris
Helping People Reach Their Goals


What Do Poor People Buy on Pay Day?

After meeting their basic necessities, they buy stuff. What is stuff? It's non-essential brick-a-brack, mostly junk from yard sales, flea markets, and Walmart. Their homes are full of stuff. Every wall, every table filled to overflowing with stuff.
Nothing wrong with buying stuff, but after years of buying stuff, how much money do they have saved for retirement? When was the last time they took a really nice vacation?
On the other hand, what do rich people buy on pay day? They buy something that will make them more money.
True story... When Warren Buffet (one of the richest men in the world) was 9 years old, he had a paper route. Young Warren saved all he could every payday, and after a few months purchased an old used pinball machine.

He asked the local barber shop owner if he could place the pinball machine in his shop on commission. Naturally, the barber agreed. His customers liked to play pinball while they waited, and the barber made some extra cash.   

With two streams of income, by age 12, Warren placed more pinball machines and was making more money than his Father.   

So... what are you buying on pay day? Even if you can only afford something inexpensive... like a part time home-based business... Just Do It!  

The long term benefits are well worth the effort. Invest in yourself, unless of course, you think it's a bad investment. In that case, keep on buying stuff.

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Let's review... What's the difference between a rich person and a poor person?
Answer: Poor people work for money. Rich people's money works for them.