Tag Archives: getting rich

Getting Rich (Book Review) Part 1

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Getting Rich

Getting Rich

The real book title is “The Complete Idiot’s Guide to Getting Rich”, and it was the 2nd book that I read on finances.

Don’t let the full title, fool you… its a great book, written by Larry Waschka (who was a registered investment advisor and once owner of Waschka Capital Investments, a fee-only investment advisory firm).

Unfortunately, the author died by drowning in Mexico while on vacation.  However, the book continues to be a great work and is on its 3rd edition.  It’s new co-author is Stewart H. Welch III, and while the core from Larry is the heart of the book, Stewart has kept it modern and has done an overall great job!

Much like Evan at “My Journey to Millions“, Larry also worked with very rich people and over time he was able to learn much about them.  This was one of the reason Larry wrote the book, to share what he had learned!

This book introduced me to some of the advance investing strategies that I still use today!

Unlike most financial books, this book actually lays out the formula step by step on how to get rich, not to mention the TSG (Target Saving Goal) calculation!  Most financial books are hype, inspirational, but mostly hype…, but this book’s author actually took it a step beyond by designing a wealth building strategy for his readers!

While this book might not get the credit and acknowledgment that it deserves because of its orange cover and silly title, it was instrumental in setting me on my financial path!

Tomorrow, I’ll dig a bit deeper into the book contents and explain what influenced me that most!

If you get a chance, check it out at the library or purchase it (it’s one of the few financial books that I have purchased in my life…), I think you’ll find value in reading it.

-MR

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Making More Money By Working Two Jobs At The Same Time

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Apple iPhone

Smart Phones make it possible

It’s 6:00 am on a Saturday morning !  You might be thinking, “That guy sure is an early morning riser“, but that’s not so!  Normally, I’d be blissfully sleeping away in my comfy bed without a care in the world.  But this fine early Saturday morning, I’m working two jobs at the same time!  What I’m about to describe is a great way to get rich or at least make more money in a given day!

Which two jobs do I have going on?

  • First, I’m part of a team installing software for a big release for work (I’m telecommuting in to do the work).  We are currently waiting for a large SQL script to complete.
  • Secondly, I’m also typing this blog article for next Tuesday!  If I get this post done before the software is installed, I’ll do other tasks that need done related to this blog.

Why do two jobs at once?

Because it’s a great way to maximize both time and money!   If you can do the work for two jobs during the time of just one, you have the potential of making more money and saving time to do other things later in the day.  Using such a technique, you should effectively increase your rate of pay per hour!  Even small increases are better than no increase…

This is what I call a “maximizing working time“!

I know this is obvious, but I watch people who work such jobs that could be take advantage of in the way that I describe, but typically, I don’t see them doing it.

So which jobs have the potential to allow you to work another job at the same time?

  • Information booth worker(especially if there isn’t a lot of people asking questions)
  • Desk Security guard (again, especially if human traffic isn’t common)
  • Customer support (sitting by the phones waiting)
  • Gift wrappers
  • Ticket takers
  • Firefighters/EMS
  • Smaller store retail clerks/sale rep.
  • Auto Salesmen
  • and the list goes on and on…

Of course, the work mix can vary with each job!  So perhaps the information booth worker’s time is 30% her primary job, but 70% her side-job, while the opposite may be true for a gift wrapping position.

I know of a lady that works at an airline information booth, that also quilts (and takes orders for quilts) during that time she’s at work.  I asked if she constantly has to put the quilting projects down to help people.  She said not really, and especially when it gets later in the evening.  While I don’t know the exact amount of money she makes from selling her quilts; I do know that the money that she does make from selling the quilts pay for the big vacations that both she and her husband go on (the last one being a cruise in the Bahamas) every year.

Why haven’t people done this all along?

I believe that they just didn’t have the resources to do so in the past, but with advancements in technology, doing so is more feasible.

I just scratched the surface with this article!  It might even be possible to do 3 or more jobs at once… But I’m happy just doing 2 jobs today…

Do you personally know people who are able to perform two jobs at the same time?  Do you think it’s possible to overlap jobs so that you could work three or more jobs during a day, and not become burnt out?

-MR