Yes, You Can Be Good With Money

Theodore Johnson had no money to save, and he never would. His peak salary, just before retirement, was barely over $1,000 a month.

When he died, his net worth was $70 Million, and he gave $40M of that to schools.

His story is not uncommon.

Most people are capable of far more than we give ourselves credit for. Deep down, we all have untapped skills and abilities that have yet to blossom. Like anything, those skills need time and attention. Most importantly, they need a can-do attitude. Being “good with money” is one of these skills.

There is a Fidelity study every few years which shows over 80% (that’s 4 out of 5!) millionaires are self-made. Each of these people learned, earned, created, and invested their way to wealth. We’ve met dozens of them locally- their stories are unique, but principals are the same.

So- how did Mr. Johnson achieve financial success? He stumbled upon a valuable piece of advice: A friend suggested that if the money were taxed, it would be deducted from his account, never to be seen again.

So, Theordore treated his savings like taxes. He saved 20% from every paycheck (and bonus), then invested it. It compounded for decades.

Truly, with the right mindset and strategies, anyone can work towards money mastery and financial freedom.

Now- what’s holding you back?