When reading about finances or talking to people, I always hear the same useless advice: “You have to learn to save money.” or “It’s hard because the economy is so bad.”
This kind of talk is really just complaints and useless advice. Everyone already knows that saving money will improve their finances. But they have no idea how to do it.
After reading this great post that Matt found over at My Wife Quit Her Job, I noticed that the reason I like Steve’s blog is because it contains information that is fairly rare. It’s not about saving money, it’s about building a powerful positive cash flow asset. It’s not about lamenting about how hard life is and how hard it is to get a job. It is about how Steve’s profit is going up as unemployment rises and the economy goes down.
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Business Strategy, Internet, Investing, Money, Success, US Economy
advice, blogs, business, economy, entrepreneurship, Internet, Money, my wife quit her job, saving, Success, unemployment
The news is dominated by stories about how rising unemployment, layoffs, and falling markets are causing massive pain for millions of people. The media assumes that everyone is powerless to improve their situation, and that they are at the mercy of their employer and the economy.
I don’t know if that’s really the most constructive approach. Yes, we are affected by the economy, but how it affects us is our choice. We can find fear and despair in “bad” news, or we can find a way to make it work for us. Yes, it’s true that many businesses are disappearing because they cannot compete in this economy. But, it is also true that as competition is reduced, the strongest and best companies will flourish, regardless of the economic climate.
Case in point, my friend Steve at My Wife Quite Her Job. Steve and his wife launched their online store two years ago, and have seen great success and profits. For the first half of this year, when the economy was “bad”, their profits rose 72%, year over year. So that leads to an interesting question. Why is it that their store is doing great, and other businesses are going bankrupt?
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Business Strategy, Dreams Come True, Success, US Economy
blogs, ebooks, economy, Investing, Money, my wife quit her job, recession, Steve, strategy, Success
One of the main themes of the Online Investing AI blog is creating financial freedom. And one of the best ways of doing that is through starting and building your own business. The challenge is that most people have no idea how to do it. So how is it possible to succeed in building your own business, when we don’t even know where to start?
Easy. Follow the footsteps of someone who’s gone there before. One of my favorite blogs is called “My Wife Quit Her Job.” It’s the story of a couple, who one day decided to stop wasting time, do what has to be done, and escape from cubicle prison. At least the wife has so far. But I’ll bet Steve is not far behind.
This is a wonderful blog, because it actually tells you some of the strategies that they used to succeed. There are many posts about specific problems that Steve and his wife encountered and how they overcame them. For example, for the first month that their online store was open, they had exactly zero sales! The powerful lesson is that just because you don’t sell anything in the first month does not mean that you failed. It just means you’re getting started!
One of the challenges with blogs is that there are too many of them. There are so many that it’s hard to find ones that I really enjoy. It’s great to read Steve and his wife’s blog, because not only is it entertaining but also is highly educational.
Business Strategy, Dreams Come True, Internet, Money, Success
business, entrepreneurship, financial freedom, happiness, my wife quit her job, starting own business, Success
is one of my favorite financial books of all time. It's an allegory about a guy who has a terrible job, and how he overcomes challenges to achieve his dreams.
