Wealth Building Road Map; How to Get Rich-Without Winning the Lottery
I’m pained every time I stop by the neighborhood drug store and see the folks scratching off the lottery tickets. You’re as likely to get rich “investing” in lottery tickets as you are to get killed by lightning.
How to Get Rich Without Winning the Lottery will lead you on a step by step path to become a millionaire. The book is filled with actionable tips to slash costs and ways to build wealth automatically.
Would you like a “get rich” approach without hyperbole? This is not a get rich quick scheme.
Are you interested in a workable, life long blueprint for wealth?
Here’s a guide for lifetime wealth, filled with tips, strategies, and actionable steps to go from money loser to money winner.
How to Get Rich Without Winning the LotteryLearn to save $70,000 now, with a few paragraphs from How to Get Rich; Without Winning the Lottery for a taste of the wealth building strategies.
But first, why should you listen to Friedberg?
I have 30 years investing experience, a work history which includes a 20 year stint as a portfolio manager and a few more years as a university investments instructor. I’m also the author of Personal Finance; An Encyclopedia of Modern Money Management (published by Greenwood Press). I’m also a regular contributor to Investopedia, Seeking Alpha, U.S. News and World Report and more.
Finally, I’ve practiced every one of these strategies for decades, and they work!
Make $70,000 With Minor Lifestyle Changes
Excerpt from “Step 3: Spend Your Way To An Awesome Life”
As a volunteer tax preparer for lower income folks, I was amazed at the frequency during which the clients came in with a convenience store snack; small pack of cheese crackers, a soda, a candy bar, or another quick item. In contrast, before my three hour shift, I packed a drink and snack for myself at home.
Now, I’m not saying this to gloat, but to inform that, the money lost is substantial by buying snacks out instead of bringing from home. Slap together a few bad money habits; smoking, buying lunch out, playing the lottery and you’ve needlessly spent thousands of dollars over the years.
Look at the daily cost of convenience store snacks:
| Coffee from a coffee shop | $2.00 |
| Sweet roll | $2.00 |
| Pack of crackers and cheese | $1.25 |
| Soda | $1.70 |
| Total | $6.95 |
Compare that with snacks brought from home:
|
Coffee from home |
$.50 |
|
Sweet roll from home |
$.75 |
|
Crackers and cheese or peanut butter – home made |
$.75 |
|
Soda can from home |
$.25 |
|
Total |
$2.25 |
Daily Savings: $4.70
How does $4.70 turn into $70,000?
Multiply $4.70 by 365 days and that’s $1,715 wasted in a year. Invest the $1,715 each year in a stock mutual fund returning 7 percent. At the end of 20 years, the $1,715 annual investment is worth $70,307. This is how to get rich!
Is it worth planning and spending a few minutes each day to pack some snacks and a lunch, in order to invest for the future?
Stock up on low cost snacks at the grocery and leave them in the car or at work. We leave a flat of waters and coke in the car so we don’t have to pay $2.00 for a can of soda. If you think it takes too much work and planning, ask yourself if doing a bit of planning is worth $70,307.
Is this example realistic. Yes, it is. I know because I have practiced this “small money savings” funneled into investing for decades, and the results are phenomenal.
Compounding your money with investing is how these small sums grow into substantial wealth.
The stock market has returned more than 9% over the last 100 years. Bond returns averaged 5%.
Convert Savings Into Investing Into Wealth
Look at this next realistic example showing how small changes can lead to great sums of money.
Contribute $300 per month, or $10.00 per day into an investment portfolio of 60% stock index mutual fund (such as Vanguard Total World Stock Index Fund- VTWSX) and 40% bond index mutual fund (such as Fidelity Spartan U.S. Bond Index Fund-FBIDX).
How To Find An Extra $10 per Day
Find that $10 each day with a few minor lifestyle hacks. Think before you pick up that snack at the mall. Pack a lunch. Take public transportation to work and cut back on vehicle expenses. Get your kids fewer toys, buy an outfit at the thrift store, skip the restaurant dinners out for a few meals. The choices for skimming a few dollars off the budget are endless, and will not change your overall life enjoyment.
Back to the former example; With a 7 % average return, your $300 per month investment into a 60% stock and 40% bond index fund portfolio will be worth $366,000 after 30 years of investing.
Is it worth finding $10.00 of cash per day to have almost four hundred thousand dollars in retirement? In fact, divert the money you would have spent on the lottery into a much surer thing….. investing for your family’s future.
Can Saving Money Really Translate into Piles of Cash?
There are those who argue that in order to amass hundreds of thousands of dollars, you need to earn a huge salary. They go on to allege that cutting costs is less important.
I disagree.
As someone who met her retirement goals awhile ago, I can attest that wealth building involves a combination of behaviors and factors.
- Auto save and invest 15 percent or more into retirement accounts.
- Develop additional streams of income, and invest that money.
- Practice mindful spending on what matters most to you.
- Delay spending.
How to Get Rich Without Winning the Lottery offers:
- A blueprint for wealth with a step by step process.
- Shows how to eliminate debt with a simple strategy.
- Teaches basic investing that works.
- Uncovers the wealth building secrets of the rich.
If you have concerns about making ends meet, saving for retirement, how to build wealth, or basic money management, take this opportunity to download and read the Kindle version-on sale for a buck
How to Get Rich Without Winning the LotteryAction Steps-Give How To Get Rich Without Winning the Lottery to Those You Care About
Forward this How to Get Rich Without Winning the Lottery link to anyone you know who needs a wealth building blueprint.
The book is a wonderful gift for teens, grand kids, money educators, and those without any financial role models.
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Updated; November 17, 2017
4 thoughts on “How to Get Rich Without Winning the Lottery”
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This ring Will serve you in several ways….
0. Spiritual Power and fit.
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2. Controlling people to your will.
3. Sending a spiritual attack to your enemies. (good or Evil)
4. Invisibility, I might be in a place with you, but when the deal goes Bad.
I go invisible, they won’t see me. And many more…
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Before I became a lottery winner, I wondered how other lottery winners had done it because I thought it was impossible then, until Chief Ade helped me with his spiritual prayer that works urgently. I was scared to try spell because of what I heard about it, but I still gave it a try and let Chief Ade do what he knows how to do best. Chief Ade put in work after I provided all the necessary materials needed for the work, he gave me the lottery numbers the next day and instructed me on how to play which I did, I won the 65 MILLION LOTTO MAX jackpot the next day and I was so happy to announce to my wife and children about my wins, I’m Mark Hanley of Newmarket, Ontario. I’m sharing my great experience to you all who are finding it difficult to win the lottery, reach out to Chief Ade on [email protected] OR WhatsApp +234 901 380 6328 you will never regret contacting Chief Ade
My name is Bocheng Mei. I am 26 years old, from Toronto working in the software industry. For years I used to think luck was a word meant for other people Not for someone like me. My life was a cycle of unpaid bills, late night shifts and the constant, heavy feeling that I was sinking every week, i;d spent my last coin on lottery tickets, praying for a door to open. but the doors stayed shut, My friends told me to give up. Winning the lottery seemed like a distant dream. But then everything changed, I heard about Dr marcus i didn’t just want numbers, i wanted a shift in my life. I reached out, and from our very first conversation he told me that my spiritual channels were blocked by years of doubt. He performed a special ritual for me, a spell designed to align my energy with the frequency of abundance. before casting the spell for the lottery. he gave me the numbers and told me ( the universe wants to give to you, but you must be ready to receive) i walked into the store to buy my ticket, i didn’t feel desperate i felt certain. I picked the numbers he gave me. I was shocked when I got a call from an unknown number, a representative from the Ontario lottery and gaming corporation that I have won $60,000,000. Because of this man Mr Marcus and the power of his work, my closed doors didn’t just open they were blown off their hinges. today my family is safe. my debts are gone. If you feel like your luck has run out, remember my story. There is a way to change your destiny, and for me, that way was Dr Marcus. After staying persistent and finally seeing the right numbers come up that dream became a reality. The experience has completely transformed daily life and opened up new opportunities for the future. It serves as a reminder of how quickly circumstances can change. Now look… I will be honest with you all. I really didn’t want to do this. I wanted to keep this secret to myself, but my conscience is nagging at me. I see some of you out there, I see that same look of struggle I used to have in my own eyes. It would be selfish of me to keep this miracle behind a locked door while you are still searching for a key. so for the sake of those who are truly desperate, those who are tired of losing, and those who need a real breakthrough… I’m dropping it. for those who are ready to change there storyline and looking forward to become a winner you can reach out to Dr Marcus on whatsapp +2348110492028 or find him at ( [email protected] )
My name is Bocheng Mei. I am 26 years old, from Toronto working in the software industry. For years I used to think luck was a word meant for other people Not for someone like me. My life was a cycle of unpaid bills, late night shifts and the constant, heavy feeling that I was sinking every week, i;d spent my last coin on lottery tickets, praying for a door to open. but the doors stayed shut, My friends told me to give up. Winning the lottery seemed like a distant dream. But then everything changed, I heard about Dr marcus i didn’t just want numbers, i wanted a shift in my life. I reached out, and from our very first conversation he told me that my spiritual channels were blocked by years of doubt. He performed a special ritual for me, a spell designed to align my energy with the frequency of abundance. before casting the spell for the lottery. he gave me the numbers and told me ( the universe wants to give to you, but you must be ready to receive) i walked into the store to buy my ticket, i didn’t feel desperate i felt certain. I picked the numbers he gave me. I was shocked when I got a call from an unknown number, a representative from the Ontario lottery and gaming corporation that I have won $60,000,000. Because of this man Mr Marcus and the power of his work, my closed doors didn’t just open they were blown off their hinges. today my family is safe. my debts are gone. If you feel like your luck has run out, remember my story. There is a way to change your destiny, and for me, that way was Dr Marcus. After staying persistent and finally seeing the right numbers come up that dream became a reality. The experience has completely transformed daily life and opened up new opportunities for the future. It serves as a reminder of how quickly circumstances can change. Now look… I will be honest with you all. I really didn’t want to do this. I wanted to keep this secret to myself, but my conscience is nagging at me. I see some of you out there, I see that same look of struggle I used to have in my own eyes. It would be selfish of me to keep this miracle behind a locked door while you are still searching for a key. so for the sake of those who are truly desperate, those who are tired of losing, and those who need a real breakthrough… I’m dropping it. for those who are ready to change there storyline and looking forward to become a winner you can reach out to Dr Marcus on whatsapp +2348110492028 or find him at ( [email protected] ).