The Secret To Being Wealthy

I had a bit of a strange conversation the other day with a friend of mine,  I had just informed her that the business has finally begun to pay the bills, and I guess she got a little excited thinking great wealth might follow.  Though we are finally turning a profit, it has cost a large amount of money to get it to the point it is now, so for this venture to actually become a positive one, the company still needs to put all the startup money back in the bank, with interest, and that could take several years.

It was not so much the context of the question, but the wording, she asked me “Do you think you are going to be rich?”

I was a bit stunned by the question and looked around at my rented house with the multiple air conditioners, large HD television, stereo system, full fridge, computers, laptops and comfortable furniture. We had just returned from a one week vacation on a tropical beach, and I am about to fly off to another country only two weeks later, we eat out two meals a day and see a movie in the cinema every week. The only reply I could think of was “I thought I was rich already.”

Financial Freedom SignAssuming the company can continue to turn a profit, I will be able to continue this lifestyle indefinitely, and even if the website stopped working for some reason, I still have enough money to continue to live this lifestyle for probably another decade or so.

In reality my comfortable couch only cost me $100, my delicious healthy meals out are almost always less than five dollars, and my one week vacation only cost about $180, even though I make more, I normally live on less than a thousand US dollars a month. I wonder, does being rich really need to have a monetary value?

It is my opinion that rich is a feeling. I have everything that is truly important to me, comfort, security, love, and freedom. I don’t own a car, but living where I do, I currently don’t need one. If I did need one, I would have to have one to feel rich I guess, but since I don’t need car, having one doesn’t matter, what type of car would be irrelevant, because vanity is not really one of my needs.

I have found from experience that most people with millions of dollars in things, often do not feel rich, they are constantly driven to get more and will never be satisfied with what they have. They could lose it all in a few months without work, they know this, and can not relax. I agree with their feeling, in my books, they are poor, but it’s because of their mindset, not their paycheck. If you really want to be rich, you need to live on about halve of what you make each month, then the other halve goes in the bank, and you just bought yourself a month of freedom. After you have a few hundred of those months in the bank, you will also feel wealthy.

I replied to her question, “Look I don’t know what rich is in your head, but I am comfortable, have many vacations and my belly is always full, I do not have any worries about where my next meal is going to come from, or my next thousand meals. In my opinion, The only way to be rich is to be satisfied with what you have.”

I don’t know if I expressed my point properly to her, when she sees a big shiny new car, she probably still wishes she could ride around inside it, and I would like it also, but not at the expense of losing my freedom, and feeling poor once again.

Reverse Millionaire

As I continue to save some of the little money I earn, in the hope of one day becoming a millionaire, I would like to share with you another concept of financial wealth most people have never heard of before, the reverse millionaire.

I had a work mate introduce me to this idea almost a decade ago, he said:

When I die, I hope I owe a million dollars to the bank, because then I will know that I had spent all my money, and had also spent another million dollars along the way.”

What an interesting concept, Here I am approaching middle age, and I don’t know yet if I have even made a million dollars in my life, certainly not after tax.

Having thought about this a bit, I realized the concept of becoming a reverse millionaire is actually easier than you may think.

 

How To Become A Reverse Millionaire:
(Do Not Try This At Home)

 

Step #1 – Borrow a Million Dollars

Option 1 – The Sneaky Borrow

You would need to get a job, preferable a good one, all the while using several credit cards wisely by always paying off the debt. Your responsible use will cause the credit card companies to continually up the credit limits on the cards as you prove yourself to be an upstanding customer. You will find it is not actually that difficult to get the credit limit of a credit card up over $20,000, and with hard work and savings, you could quite possible get them as high as $50,000 – $100,000 each. You should also get lines of credit, and multiple bank accounts with overdrafts at as many banks as possible.

Several high limit credit cards from several banks, as well as your lines of credit and bank accounts overdrafts all cashed out on a single day, could quite easily, and quickly get you the million dollars in cash you are looking for.

Legality = Questionable

I wonder if this is legal. If it is, and too many people try it I am sure there would soon be some sort of “Reverse Millionaire Law”, maybe you could get away with it, but you might want to consult a lawyer first.

Option 2 – The Hard Work And Saving Method

This is the way your parents and school teachers probably told you was the way to get rich, and in the end would lead to the biggest pile of cash.

Go to College, get a steady job, work hard, invest wisely, and save enough money that the bank doesn’t mind you borrowing another million dollars.

Legality = Legal

This will probably never happen to me, though I have gone to college, and do save, but the getting a steady job part unfortunately is my fall down. I just can’t stand “Working for the Man” more than a few years in a row.

Option 3 – The High Interest Method
Reverse Millionaire Compound Interest Graph

Rather than doing the hard work yourself, you can simply let the magic of compound interest do the work for you, by my calculations if you can get enough credit at the age of 25 to borrow just $6,500 at your average credit card rate of 20.5%, with no additional work needed, you will become a reverse millionaire by the age of 50.

Legality = Legal

Hmmmm, I don’t think this was exactly what my work friend meant by this. I think what he was talking about was actually spending an additional million dollars before he died, this is more about the man sticking it to you rather than you “sticking it to the man”. Though definitely not the method of choice, it is something to consider.

Step #2  – Going Beyond Broke

Assuming you did not pick Option #3 above, you now have one million dollars of the banks money, as well as a bunch of your own, this does not yet make you a Reverse Millionaire. To become a true Reverse Millionaire, you must liquidate any assets you have, and spend all of it before the bank takes it away from you.

For myself I am pretty sure I would want to get out of whatever country I did this in as fast as possible, so I would probably spend a large chunk of money initially on something like a yacht, to carry myself, my money and possible a couple of supermodels somewhere beyond the banks reach. The yacht would then be liquidated as quickly as possible into cash or crypto, before the bank put a lien on it. I could then commence my decade or so of endless partying somewhere in the tropics until finally becoming a Reverse Millionaire.

Reverse-Millionaire-Success

Different Priorities

Almost two decades ago, I veered sharply away from the track that hosts the rat race, and started to cut my own paths. Nobody really understood why I did it, and some people feel they can no longer relate to me because of it.

Back in 1994, when I was 22 years old, my financial life was going pretty well, I already owned most of my fully furnished 1200 sq foot, 8th floor condo overlooking both a National Park, and the city of Calgary. I had just become the corporate sales trainer for an international electronics company, a job which included the responsibility of hiring, firing, and training about 150 people at any one time.  I was on track for a $60,000 income that year already, but on a recent business trip to Los Angeles, stock options had just been offered to me, as well as a substantial raise. The real serious money was about to come rolling in.

The beginning of my corporate life was like sitting down to play the first two levels of a video game I had been anticipating for quite some time, only to discover it was just too easy for me to invest any more of my time in. As far as I was concerned at that moment, I had already proven to myself that I was going to win the game. The constant business trips eventually became boring to me. Though the meetings were all in different restaurants and cities, I was always meeting with the same people usually we would order the same things, talk about the same business, and have the same discussions after too many of the same drinks.

I decided it was time for me to step out of the rat race for a bit, and try and live a more interesting life than I was living. Making money, talking about how to make more money, training people, and in general just getting the business done was pretty boring after a while. My father had worked very hard until the day he died, and I did not want this to happen to me.

Before I could quit my job, I decided I should sell all my stuff, so I proceeded to sell my condo and car, big screen TVs, my CD and movie collection, my couch, my stereo systems, my dresser, microwave, coffee machine, waffle maker, dinner table, pots, pans, plates, knives, forks, spoons, phones, my bed, bedsheets, and even my towels.

With everything I had accumulated with my five years of productive work since I had left my childhood home turned into cash I was able to buy my backpack, quit my job, and begin my travels.

I bought a one way ticket to India. Why India? you might ask. A very well travelled friend who had hired me at the electronics firm originally had recommended it to me, of course by this time he had actually become one of my employees, but he was still a friend, and wasn’t resentful of me moving up so fast.

One night in a restaurant as we discussed my trip to India over steak and beer, some woman at another table, chose to interrupt us just to tell us that India was a horrible place and asked us why would we go there. We asked her if she had been and she said “No”. I chose to ignore her.

Kovalam India 94

Kovalam Beach In India

India was amazing, I could type story after story here about things that I saw in India, did in India, and experienced in India that are probably well beyond most peoples imagination. So I will skip that for now, but will give a few reasons why India was the best place I have ever been, of course I could also give you the same amount of reasons why it was the worst, but here I will just add the best.

I love beaches, I love waves, and surfing, I love snorkeling and scuba diving and India has the longest coastline in the world, the beaches are incredibly beautiful and usually almost completely unspoilt. It has the oldest cities in the world, with the oldest temples in the world in it. It of course has jungles, deserts, and the Himalayas are the highest mountain range in the world. An amazing history of being the birthplace of most of the major religion in the world. The first churches and temples of every major religion, always seem to be in India. Every jungle topped hill you can climb in India, has a view of ancient temples, stupas, churches, mosques, castles and fortresses, most of which are older than Western written history. It was a fantastic trip, I was present at many astounding parties with thousands of westerners in some amazing places, no one could ever understand without going there.

Hampi India 95

Hampi India in 1995

Ten months into my first trip, I returned to my home country of Canada for my brothers wedding, I had suffered a nasty parasitic infection called giardia in India that nearly killed me, I lost a third of my body mass, and looked almost like a walking skeleton, my short business haircut had grown ungroomed and uncut for almost a year. I tried to tame the hair for my brothers wedding, which had caused it to look really horrible. I guess I didn’t look as much like a winner as I did before I went traveling to at least some people. At the wedding one of my brothers friends came up to me, and said, “Why did you leave it all man? You had everything? ”

“Why did you leave it all man? You had everything? “

I didn’t know what to say to him, he had just finished university studying commerce, and I guess to him I was on a path to having everything he wanted before I left, namely Money.

I said “Everything man? I had nothing.”

I didn’t know what else I could have said, where would I start to explain to him that a life of working under fluorescent lights, and having only slight variations of the same experiences every day was not a life at all. Without the freedom to do what I wanted and go where I wanted 24 hours a day, 7 days a week, it is just an existence.

I could not write a book about the life I used to have, but the life I have now I could.

Obviously my money could not last me forever, so I often need to work, I returned to my home country in Canada to make a living two times. Although I was able to make good money again, I was not really able to adapt back into life under fluorescent lights. I preferred working in Japan, Korea, and Thailand, although the lighting is pretty much the same, being a stranger in a strange land is always exciting.

I am blessed that I can now work on this website and write for this blog for a living. I enjoy it. I am happy. The best thing about my current job, even though I am not writing about where I am, this particular article has been written during my travels to three different countries, I have been sitting in Kuala Lumpur for part of it, another part I was on a white sandy beach on Ko Samet Island in Thailand with my son, and part of it was written on the edge of the Mekong river in Lao where I sat and enjoyed a meal as the sun set over lush green tropical Asia.

I don’t make a lot of money doing this, I have to take the second class train, and buses where ever I go, but at least I am going somewhere. This to me is more important that being some rich corporate big wig.

I mentioned to a good friend of mine what my brother’s friend had asked me about “Giving it all up”, and he said to me something that seemed to explain the situation completely.

He said “You and him just have different priorities, that’s all.”

Maybe he was right, maybe that is all it is, just different priorities.

I have traveled a lot since then, seen a lot of things, and taken a lot of pictures, these are two of my favorites.

Mentawin People of Siberute 1995

Mentawin of Siberute

Khmer Jungle Temple Angkor Cambodia 1995

Khmer Jungle Temple Angkor Cambodia

I Am Very Disappointed In You

I have been saying for well over a year how great my customers are, I have had some nice e-mails and calls just to say how happy they are. In my many years of dealing with customers I have never such a good group to deal with.

Recently we had a not so good customer though, I know I am not supposed to talk badly about customers, but I want to, so I guess I will.

This guy sent us a e-mail to let us know he had not received his package yet, it was very late, it had been 25 days since we shipped it, and we had paid for the 10 day service.

Since we are aware that United States Postal Service has been really slow at delivering lately, and have also been updating their tracking system on the Internet slowly, I filed in a few forms, made some phone calls, and sent some faxes to find out where this package was. We have never lost a package so we don’t really think it could be completely lost.

Meanwhile this guy keeps e-mailing us, and mentions at one point he does not want to sign for the package when it gets there, he soon starts demanding an immediate refund, and all sorts of other things on almost an hourly basis.

In one of his e-mails he said to me, “I am very disappointed”

I held off on the refund, and waited for the investigation to finish, we are already into this shirt for almost $17 or so with purchasing, packing and shipping.

After a few days I get a phone call that the postal  investigation was finished, and this guy already had his shirt. What a dickhead, not only was he trying to scam us but he bothers to make it personal by saying he is disappointed in us.

So I would just like to say to this loser who tries to steal $20 items on the Internet:

Your the kind of scum we not only don’t want as a customer, but are sad that you even exist on this earth.

We here, are all very disappointed in you!

The World is Actually Older Than the Internet

One of the things that I find the most annoying on the Internet today, is disinformation, and those that still believe anything they read, which usually just helps spread the confusion.

We are currently selling a shirt on our main website https://supershirtguy.com/ that Europeans have been wearing, for at least 14 years. I am actually selling the ones made by the original manufacturer.

So here I am putting this particular shirt on the Internet, and I find Three people all claiming they are the artist that has drawn it, and are all selling them on American websites, as the original.

Now I have to say here that I was recently spoken about on one of these Massive huge shirt company websites,  I don’t know if any of them are part of the company or not, and to be honest most of them didn’t like my selection of shirts, but that is fine, they are only made for cool people to wear anyhow.

Some though accused us of plagiarizing the art used on the shirt.

So to them I would like to say this.

First of all we only buy and resell the shirts we have nothing to do with the design right now.

Second of all your websites claim on the design is less than 5 years old, and this company I believe has been around for over 2 decades, and had this particular design over a decade already.

Third I am actually pretty sure They are the largest t-shirt store in the world, yours might be the biggest in America, but who knows you may even buy from these people for all I know.

Forth of all, The world is older than the Internet. Believe it or not being the first to stake claim to a picture you place on the Internet does not actually mean it didn’t exist before.

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