Stock Forex

When I was young, my goals were not lofty. I didn’t want to be President of the United States or conquer the world. My dream was to become a college professor. To educate myself to reach my dream, I needed income. I could not get any money from my parents, and because we were a middle class family, it was hard to get college grants and loans.

To generate income, I started up an insurance agency. I figured that if I wrote enough policies, I could have continual income from premiums—at least enough to support me through .college. But as hard as I worked to get policies on the books, it was still hard to get paid. I was successful, but it just wasn’t enough.

So I made two moves that changed my life permanently. First, inspired by the book How I Took a Thousand Dollars and Made Five Million Investing in Real Estate by William Nickerson, I turned to real estate. I borrowed money to buy my first couple of properties.

Second, simply out of the need to buy groceries for my family, I latched onto a job driving a taxicab. Have you ever had one of those experiences that afterwards continues to change just about everything else you do? Driving a taxi was just such an experience for me.

In order for you to understand what this is all about, you need to come back with me to my first day driving a cab. The company I started driving for, Yellow Cab Company in Tacoma, Washington, had a mandatory rule that entailed spending a day training with a cab driver-trainer named Bill Marsh.

After being out with Bill for about 45 minutes—30 minutes at Denny’s getting him a cup of coffee—I realized that I could handle this cab driving business on my own. As I watched what he did, it dawned on me that to be a successful cab driver you only had to do one thing.

I asked Bill if he would take me back to the lobby to get my own taxi. He said I had to spend the whole “mandatory” day with him. “Look,” I said, “could you please just take me back?”

Back at the cab company I talked to the owner/partner. “Mrs. Potter?” I said, “My name is Wade Cook. I’m a brand new cab driver. You don’t know me, but is there any way I can just take a taxi out for the day?”

She replied, “Oh no, no. You have to spend the day with Bill Marsh.”

I persisted. I explained to her that I knew Tacoma really well and told her that if she didn’t like what I did by five or six o’clock that afternoon, she would never see me again. She listened and ended up giving me a little beat-up Dodge Dart for the day.

I took it out that first day and made $110—that was my net. The second day I came back with about $90 profits and the third day about $140.1 was off and running. I began making between $3,200 and $3,800 a month. I needed about $1,200 a month to live on. I was able to take the rest, holding some out for taxes, and apply it to buying and fixing up houses. With this money, I purchased nine rental houses my first year.

My point here is the lesson I learned in driving a taxi—to me the most significant and powerful financial lesson I have ever learned in my life. In fact, since then I’ve hobnobbed with some of the greatest financial minds in the country (doing radio, TV talk shows and seminars in 43 different states), and nothing I’ve learned from any of those men and women is more powerful than what I learned my first day driving a cab. The lesson is simply this—MONEY IS MADE IN THE METER DROP.

What does “the meter drop” mean? Every time you get into a taxi, the driver pushes the meter down (nowadays it’s a computerized button), and it costs you $1.50 to $2. Whether it is a $5 run or a $50 run, you still pay $1.50 every time you get in the cab.

Many cab drivers only take big runs. In Tacoma they positioned themselves in town to get the run to Sea-Tac Airport, a $30 to $35 fare. At the same time, I was beating the cab to death by going for all the small runs. I would take the $3, $6 and $8 runs. At the end of some busy days I would have up to forty, fifty or sixty runs. You see the difference? I was killing them. Now, don’t get me wrong, I’ve had my share of big runs too. Sometimes a little $6 run would turn into a $15 run because the person my passenger was going to visit wasn’t home. However, those extra meter drops really added up to a lot of cash.

Can you get rich working for someone else?

Probably not, unless you make excess income and then get that extra income producing great returns.

Can you get rich owning your own business?

Yes, but most businesses fail. Even if the business does not fail, most take up too much of the owner’s (manager’s) time working on things which do not make him or her rich.

Is the American Dream still alive and well?

It truly is.

One secret of wealth accumulation has been that little extra something put aside and left to compound. Is the time right for you to “get rich?” After all, someone becomes a millionaire every 37 minutes. When is it going to be your turn? What superior knowledge do you have? What risks are you willing to take? What time can you donate to making a great financial life? This chapter is about getting rich—filthy rich if you want, with more income than you can possibly spend. I have thought long and hard about what I could write, what I could do to help you become a “cash flow millionaire.” I want you to read every word of this. Do not skip anything. I will build a case for you and show you in many ways that you can build up $12,000 to $35,000 per month cash flow—and do it in the next year. I will show you how to do it without vitamin pills, or any other multilevel concern. I will show you how to do it by first eliminating the risk—or at least making risk so negligible as to make it a non-item.

You will use Bear market strategies in the midst of a Bull market, and you can get started with $500 if that is all you have. It is doable. I have made tens of thousands of dollars a day—if you attend a stock market training session we will show you how you can build up this level of income. And you do not have to go through nine years of costly trial and error like I did. You will not have to be at the mercy of unscrupu­lous and unintelligent stockbrokers, as I have been. You can cut to the chase, start making huge returns in days and keep all your profits.

You might be asking yourself, “How can Wade possibly be talking about the stock market? Especially when funds man­agers claim bragging rights with 12% returns?” Can invest­ing really produce 18 to 42% monthly returns—month in and month out? And what kind of returns are these? I will answer all of those questions, but for now allow me to start with the last question. The kind of returns I am speaking of are actual cash—either hitting your account or mailed to your home or business. It is not growth, not tax savings, but money you can use.

For awhile—at least in the beginning—I suggest you use it for portfolio enhancement, either building more cash flow by doing more of what you did before, or buying some “hold” investments; or applying it to other formulas. Later, with a small amount of money, delve into riskier but incredibly profitable strategies to really make a big “bang” on your bottom line. Regardless of your choice, your return is in cash, not some poor substitute. I have always contended that WE, you and I and all my other students, can make more together than we ever can alone. It is true. I will lead the way. I will try and test new ideas, formulas, strategies, processes—you come along, buy my book, attend my ongoing classes, and then make millions, spending your profits the way you like.

Each person who attends my seminars does so for his own personal reasons. Some are just getting started and need to learn the basics, others are in business or want to be, and need help “growing” their business. Others are making good money but paying a high price in terms of stress, time away from their families, et cetera. Others have tax problems and a host of others are in various stages and want to learn how to keep and protect what they have as well as pass on what they have “scraped” together throughout their lives. And while they come for various reasons, they all have one thing in com­mon—they know there is a better way. A more excellent way, if you will. What is the saying, “Winners just find a better way to get there?”

Now that I have asked all these questions, who is this person asking these questions? Let me introduce myself briefly. I realize you may not know anything about me or my back­ground, or to what extent it will help you make more money. So I will be brief, but you need to walk in my shoes for a moment. I cannot help you in the present unless you know what got me here, what drives me, what my fears and passions are.