Your Income Doesn't Matter

Every article you read. Every TV show you view. Every radio talk show you listen to. Every advertisement you are interrupted with. They all seem to be consumed with ways to help you make more money.  But you see – YOUR INCOME DOESN’T MATTER.  Because income has nothing to do with accumulating wealth. <<CLICK TO TWEET>>

• Why is it that the retired school teacher that never made over $30,000 in any year, dies & her favorite library or charity receives a half million dollars that was stipulated to go to them in her will?
• Why do the Japanese save an average of 25% of what they earn?
• Why do the Germans save 19% of what they earn?
• Yet, the average American does not save 25% or 19% do they?  No, of course not.

America, the richest country in the world, (at least until China surpasses us in 2020), SPENDS 115% of what we make. What that means is that we make $100 and spend $115. Yep, you’ve figured it out. We’re living off of CREDIT. Or to put it simply – we’re increasing our DEBT on a monthly basis. With no sensible strategy in place to accumulate wealth. So just when you heard that heart disease or cancer or diabetes is the #1 killer in America, I’m telling you that’s not the disease you have to worry about.  Yippee!

The #1 DISEASE IN AMERICA is – SPENDING! Stick with me here. If you had $500.00 to monthly invest with me and I told you there were 3 places you could put your money:

1. We could take your $500.00 and put it in a place that it earns 10%.

2. Or we could take your $500.00 and put it in a place that earns 5%

3. Or we could take your $500 and put it in a place that earn 0%.

Which place would you choose to put your money?

Hang on. Hang on. Before you answer, let me tell you that your 10% or 5% account are always there so if you need the money, you can easily get to it. But the 0% money goes into a TIN CAN. And as soon as the money goes in each month, the lid on the TIN CAN is SLAMMED SHUT. And there’s no way to get to your money. My question to you is this. In which of these 3 places will you have the most money in 10 years?  The TIN CAN. You & I both know the TIN CAN will outperform the other 2 places you could’ve put your money.

Here’s the point, Marvelous People - Success or Failure is NOT based on a RATE OF RETURN. But rather, it is based on strategic, systematic investing. <<CLICK TO TWEET>> It never has been about TIMING OF THE MARKET. Rather, it’s about TIME IN THE MARKET. Investing is not irrational, impulsive or emotional. It’s strategic and predictable and intentional.

If you have more questions for me or you would like to find out how you can get a great TIN CAN, be in touch with me.

About the Author

Marvin LeBlanc LUTCF, CNP, is a performance strategist and author of the number one Amazon Kindle best-selling book, Come Hell or High Water: Life Lessons from Hurricane Katrina. Marvin not only brings wisdom and insight gained from his three decades in the insurance and finance industries, but he also empowers others through his unique sharing of lessons and techniques from years of corporate and leadership training and motivational programs. A vibrant entrepreneur who makes the stage his own–and yours, Marvin’s humor-filled stories bring inspiration, heart-warming truths and tangible, strategic takeaways you can bring back to your organization.