Then there’s Mark Cuban.  Raised in a working class family, he became a software salesman.  After a year, he started his own software company which sold to CompuServe for $6 million.  After taxes, he was able to keep $2 mil.  There is something so outrageous about that!!

Not one to cry over money stolen by his government, he went out and started a new company.  It sold to Yahoo! for $5.9 million in Yahoo stocks.   Fearing a market crash, he quickly diversified.  According to Forbes magazine he has a net worth of $2.8 billion and owns the NBA Dallas Mavericks.

So when Mark speaks, I listen… and here’s what he has to tell us in these trying economic times… I think you will be surprised by his simplicity.  I have not included everything he said, and I do not subscribe to all of his advice, but this is worth the read…

How to Get Rich Oct 4th 2008 11:24AM

http://blogmaverick.com/2008/10/04/how-to-get-rich/

There are no shortcuts. NONE.

Save your money. Save as much money as you possibly can. Every penny you can. Instead of coffee, drink water. Instead of going to McDonalds, eat Mac and Cheese. Cut up your credit cards. If you use a credit card, you don’t want to be rich. The first step to getting rich requires discipline. If you really want to be rich, you need to find the discipline, can you?

If you can, you will quickly find that the greatest rate of return you will earn is on your own personal spending. Being a smart shopper is the first step to getting rich. Yeah you have to give things up and that doesn’t work for everyone, particularly if you have a family. That is reality. But whatever you can save, save it. As much as you possibly can. Then put it in 6 month CDs in the bank.

The first step to getting rich is having cash available. You aren’t saving for retirement. You are saving for the moment you need cash.

The 2nd rule for getting rich is getting smart. Investing your time in yourself and becoming knowledgeable about the business of something you really love to do

It doesn’t matter what it is. Whatever your hobbies, interests, passions are. Find the one you love the best and GET A JOB in the business that supports it.

It could be as a clerk, a salesperson, whatever you can find. You have to start learning the business somewhere.  Instead of paying to go to school somewhere, you are getting paid to learn.  It may not be the perfect job, but there is no perfect path to getting rich.

Before or after work and on weekends, every single day, read everything there is to read about the business. Go to trade shows, read the trade magazines, spend a lot of time talking to the people you do business with about their business and the people they buy from.

This attracts me on many levels.  The first thing I remembered when I read it was my Uncle Lou who would always remind me that if I watched my pennies, I would not have to worry about having dollars.

Then, it confirms my thoughts about college.  There are many ways to learn things without the huge costs of college.

Then, there’s the idea of finding wealth in your own personal spending.  I’ve watched this work with my brothers and their wives, and my daughter’s.  While we keep waiting for our “ship to come in” we miss the fact that we already have the God-given ability to create our own wealth. 

"And you shall remember the LORD your God, for it is He who gives you power to get wealth… Deut 8:18

Let not your heart be troubled in these troubling times…

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