You Can Become RICH with $5 a day
Starting is the Hardest Part
Becoming rich is not hard.
You have been lied to.
Becoming rich is not a secret.
Wealth is not reserved for the select few with the right breeding.
You can become rich.
Let me tell you how..
Invest FIVE dollars a day
What? $5 a day?? Are you serious?
“You will NEVER become rich with $5 a day”!
“Do the math, you will only save less than $100,000 in your working life. 50 years for a measly $1825 a year, for a grand total of 91 thousand 250 lousy dollars. Int 50 years that will be barely enough for a cinnamon dolce latte.”
Maybe..
But even if that were true (which it is not), you might be surprised at what that $5 is actually capable of doing..
Mind Control
What that $5 a day is actually accomplishing is training your brain. It is creating a habit. It is teaching you many things about life, money and yourself. That $5 a day is a mighty wind, that will take you to the farthest reaches of possibility.
When you commit to investing $5 a day you learn that becoming rich is not something that happens overnight. It takes years of patience, careful planning and habitual behaviour. None if these three things require exceptional talent, intelligence or good looks. Anyone can do these things. You just have to develop the habits. Some would argue that the key to success is self-discipline and I am a huge proponent of that trait, but if you use the power of habits to reinforce good behaviours you will not be forced to continually exercise your self-discipline muscles, you can let habits do the heavy lifting. Investing $5 a day is an easy way to develop the necessary habits that lead to wealth creation:
Pay yourself first
Invest for the long term
Cash flow is king
My books and courses go into great detail about how to use these three strategies to grow massive wealth. You really do not need to be a seasoned investor to read my books or implement their ideas. I am no genius, yet I have used the methods I teach to create a lifestyle that many would envy.
Planting Seeds
If you invested $5 a day and saw your nest egg growing, I imagine you would react like most people would:
“This is too slow! I want more!”
So what would happen? I suspect you would start to invest MORE than $5 a day. You would start to push the envelope to maximize your savings rate. You would not be content at $5 a day, you would increase the amount you invest each day until it hurts just a little bit. Then you would see results that felt a lot better. I suspect this is exactly what would happen.
But the problem with this easy to understand scenario is that most people never even begin. Most people don’t even take the simple step of investing the $5 a day. Most people never begin because of a million reasons that seem legitimate and real.
I get it.
I’ve been there.
But that is the beauty of the $5 a day routine. It is not hard. It is super easy. Anyone can do it, unless you are homeless or destitute. I think that by realizing that you actually can afford $5 a day you create a new mindset that drives you towards a bigger, better future. If you don’t begin, you will never get there.
Several quotes come to mind that sum up this idea:
The journey of a thousand miles begins with one step
Or
How do you eat an elephant? One bite at a time.
Use the $5 a day plan to develop your routine. Drive the new habit.
Financial Education
Another benefit of the $5 a day investment plan is that you will be craving bigger and better returns. If you can only afford $5 a day, it would serve you greatly to figure out a way to maximize your return on investment. If you are investing $5 day you will have two goals in mind:
Figure out how to get an above average return
Figure out where to invest to get that return
Learning about money, wealth, investing, finance, and investing vehicles will become a priority for you. If you are putting your hard-earned, after-tax dollars into an investment, you might as well make it count!
Ta-DAH! You now have a vested interest in learning everything you can about how to make the most money you can. Before, when you were NOT investing, a book or course on how to get rich or investing in real estate was of little interest to you. Now, all of a sudden, it is gospel. See how that works? You now see the value in financial education that perhaps you didn’t fully appreciate before.
All of this change for $5 a day! Who knew?
So the magic I am presenting to you today is that investing $5 a day WILL make you rich, but not in the direct way you originally thought. It is like a gateway drug. Once you enter the world of investing, wealth and especially, passive income (my favourite), you will be hooked and that $5 a day will turn into so much more. $5 a day also greases the wheels for you to actually BEGIN. That is the biggest reason for failure that ever existed, the inability to actually DO SOMETHING.
Don't worry about failures; worry about the chances you miss when you don't even try.
--Jack Canfield
If you are wondering where to begin investing that $5 a day there are many options:
A savings account
A Mutual fund
A stock
An RRSP
A matched savings plan at work
A 401K
A ROTH IRA
A loan to a friend
A GIC
A T-Bill
Your mattress
As you can see there are a TON of ways to invest. All have their pros and cons. It is up to you to decide what works best for you and your goals and personality.
The best way to decide what to invest in is to do your own research. Learn as much as you can about how it all works. You can talk to an investment advisor at your bank or insurance company. Or you can self-educate by reading books or taking courses. You can find someone who is already doing what you want to do and ask if they will mentor you. You have so many options if you are willing to just begin. Make that decision and become the person you have always dreamt of being.
You can change your whole world with $5.
What are you waiting for?