Lazy Man Wealth Secrets

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It is one thing to be without a candle in the middle of the wilderness … it is quite another to have your wagon wheel freeze up. In no time, and with no extra effort on Nicholas’s part, the axle grease business had expanded from wagons to steamboats and was doing exponentially better than soaps and candles. It was about that time that train tracks made their way to St. Louis. It didn’t take Nicholas any time at all to realize that with some slight, no-cost adjustments to his axle grease, he could sell it as a commercial lubricant to help keep the trains running smoothly also. In all of this, Nicholas became St. Louis’ first multimillionaire without any extra work. In fact, the more his company grew, the less he worked and more secure his empire became. It was so secure, in fact, that it is still in operation today, doing over $90 million. It is still run and owned by his descendants, who are lazy and wealthy just like their great-great-grandfather. Lazy Man Wealth Secret #1 What is the Lazy Man Wealth Secret here? Two words: Focused Variance. I know it sounds odd, but that’s the best term I’ve come up for it. Every successful person I know of has two seemingly conflicting attributes inside of them. They are intensely focused … and often widely varied in their efforts to make money. At the time that Stanley convinced George Soros to bet against the British Pound, Quantum Fund was not dealing in currency. It was outside of their core business. Yet, they saw an opportunity to make money … and they acted quickly on it.
Stated another way … their key focus was to make money. Who cares how it got done?! They were willing to shift their focus and go where the money was flowing. In a similar vein, Nicholas was a soap maker, but had no problem switching to axle grease and commercial lubricants when he saw that there was more money to be made there. In contrast, middle-class people are usually neither focused on getting rich nor willing to vary from their money-making plan. (They usually just dream of being rich and cling to their fears.) They get a degree, work in a particular industry for 40 or 50 years, at 40-60 hours a week, retire in poverty, and die without their family worrying in the slightest how to pay the “estate tax” … because there isn’t any estate left to tax. Focused Variance. That is the first key to becoming wealthy the lazy man’s way. You have to develop an eye for where the money is flowing. Become Aware of the Opportunities All Around You Years ago, I heard Mark Ford give a talk on this topic. He said that wealthy people learn to see opportunities for riches and develop the courage to grasp those opportunities. The more they reach, the better they get at grasping … and the richer they get, the less they have to work and stress. So, how do you develop the skill of Focused Variance? I have identified five key steps to owning the skill of Focused Variance. Sadly, I can’t share all of them with you right now — not enough time or space. But, I can give you the first one. In fact, I already mentioned it when I told you about Mark’s speech. You must learn to become aware of opportunities. You can easily do this by observing how others are making real money. Last week, I told you five stories of people who became wealthy in tough times. Go back and read those stories. How did they do it?
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