Last week, I announced my brand-new publishing group — Easy Street Investing — and I said it would be all about strategies that can help you earn more, work less, and live the rich, rewarding life you deserve.
Let me first say that uncovering investment opportunities will remain my biggest priority with this new endeavor and our flagship publication, Income Superstars.
In fact, my readers had the chance to book another profit in the last week. This one was on Walgreen, and I’m tracking a 28 percent return in 15 months.
Booking profits like this is just part of a true wealth-building plan …
Click for larger version
But making money is just part of the equation.
Finding ways to make your money go farther is the other part!
For some reason, our culture celebrates people who waste lots of money and derides thriftier people as “cheapskates” or “penny pinchers.”
Yet the vast majority of wealthy Americans got that way by saving wisely and negotiating great deals.
So I’m writing today to remind you that there is absolutely nothing wrong with trying to get the very best deals for yourself — whether it’s on a stock, a new job, or a luxury item.
Heck, I LOVE Finding Ways to Save More Money …
Like the Time I Bought a Volvo to Save $2,000!
I know, it sounds crazy. But let me explain …
A couple years ago, my wife told me she wanted a new Volvo station wagon … even after all my pleading to consider more frugal options like keeping the car we already had.
“Okay,” I figured. “I can at least make sure we get a killer deal on it.”
I started by doing all the usual research to figure out what a dealer’s rock-bottom price would be. Along the way, I discovered a $2,000 cash-back incentive for current Volvo owners.
Once negotiations began, I implored the dealership to give me the same price break even though I wasn’t a current Volvo owner. “If you want me to buy my NEXT Volvo, you need to sell me this one first,” I argued.
Yet they just couldn’t do it because they wouldn’t get reimbursement from their corporate headquarters without proof that I actually owned another Volvo.
Now, at this point, I could have just thrown my hands up and paid the extra $2,000.
But that’s not what I did. Instead, I went and bought ANOTHER Volvo to get that darn discount!
The short version goes like this:
First, I found a non-running 1988 Volvo GLE for a couple hundred bucks on my local Craigslist.
Second, I had the owner meet me and sign over the title.
Third, I used this proof of ownership to get the loyalty discount.
And fourth, I donated the 1988 Volvo to a worthy charity. The charity picked it up from the old owner’s house and I got a nice tax break in the process … bringing my total savings back up toward the full $2,000 mark.
That might sound like a lot of work. But I figure the entire process took less than six hours of my time. And frankly, I ENJOYED the challenge of pulling it off — especially since almost everyone involved benefitted in some way.
Is this an extreme example? Sure.
Still, it proves that a little research, effort, and commitment can go a long way toward boosting your bottom line … no matter what you’re buying or doing.
What’s more, I’m happy to do most of the legwork for you going forward!
So stay tuned. I have a lot of new ideas I want to start sharing with you … none of which require the purchase of a car.
P.S. It’s also my job to warn investors about new threats to their wealth, which is why I recently released my blockbuster video alert — The Death of Social Security. It contains some shocking revelations about our national retirement system … but more importantly, it tells you what steps to take before things get worse. Just click here to watch it now.