What Is Wealth?

What Is Wealth?

What is “wealth”? Most people think doctors are wealthy…

What wealthy people know is that wealth is measured in TIME, not money.

In other words, how long can you go without working and still maintain your desired standard of living?

For example, say you retire this year and you have $1,000,000 in your 401K.

You think you’re set for life, right?

(And how many people have that much money saved for retirement anyway!)

Well, maybe you are, and maybe you’re not.

If your cost of living is $100,000 a year, in less than 10 years you’ll be broke, and hoping you can get one of those jobs greeting people at Wal-Mart.

And that’s not even taking into account your taxes (in most cases, you will have to pay taxes on your 401k withdrawals) and inflation (that nasty government scam that makes the price of groceries and everything else go up every month) …

And heaven forbid that the stock market is in one of its periodic downturns when you need to be withdrawing your life’s savings.

On the other hand, what if you have a business paying you $100,000 a year in income?

What Is Wealth?
What Is Wealth?

That income can pay you for the rest of your life.

The guy or gal with the business is wealthy, and the guy with the million dollars may eventually be out of money.

Mike Stokes

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Finding Extra Streams of Income

Turning Supper Into An
Extra Stream of Income

Back in 2008, I was looking for a way to make some extra streams of income to start creating some retirement income, because we had no retirement plan and next to nothing in savings.

Finding Extra Streams of Income
Finding Extra Streams of Income

I had been hearing about “blogging”, but I didn’t really know what it was or how to do it.

Someone explained to me that it was nothing more than keeping a log or journal online.

In fact, “blog” is short for “web log”.

Well, I didn’t have any idea what I could possibly write about that anyone would be interested in, but I did want to get started in case something came of these things called “blogs”.

For lack of coming up with anything else, one Saturday when my wife and I were talking about what to make for supper, I had a brainstorm – we would make a blog about what we cooked for supper every Saturday night!

Cajun Cooking TV Show
Cajun Cooking TV Show

Without even owning a video camera, just using my wife’s digital camera, I decided to start videoing my wife cooking our Saturday night supper right in our own kitchen in Baton Rouge, Louisiana.

(Now we just use our cell phone.)

With NO investment…

With NO video camera…

With NO money spent on a website…

With NO experience whatsoever at making videos…

With NO extra work to speak of…

(We’ve got to cook supper anyway!)

I “videoed” my wife cooking homemade macaroni and cheese one Saturday evening…

I put the recipe on a FREE Blogger website…

And within about 2 months, we were generating income from advertising we put on the free website.

I’m still generating income from it almost every day, 10 years later.

I eventually put up a WordPress blog also. Cajun Cooking TV

Cajun Cooking TV Show
Cajun Cooking TV Show

WordPress blogs are FREE also…

I chose to put mine on a hosting account, so there is a small charge for that…

(Like $11.95 a month and you can use it for an unlimited number of websites.)

Cajun Cooking Made Easy Cookbook
Cajun Cooking Made Easy

Recently I took all of the recipes that we had posted on the blog and put them into a cookbook, “Cajun Cooking Made Easy“, that we’re now selling.

So, a stream of income created from an IDEA.

An IDEA turned into an ASSET.

There are unlimited opportunities to create income if you just look around.

How many extra streams of income are laying idle in YOUR BUSINESS right now?

Mike Stokes
Baton Rouge, Louisiana

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