Big Lives Cost Little Money

By Mike Johnson

It doesn't take money to build wealth.

It takes imagination, knowledge, courage and action.

We've started multiple businesses with less than $2,000. One with $1,000. One with a credit card. One with $50. One with $0.

A good idea, combined with a good presentation and passion can take you anywhere you want to go.

We started a community newspaper with no money. We made a rough mock-up of what the paper would look like, invented "ad packages" and sold one we'd arbitrarily valued at $4,000 for $1,000 if customers paid cash right now. We sold eight of those and used the money to buy the equipment needed to publish.

We started a trolley tour company with $2,000, a great business plan and $12,000 worth of advertising commitments sold to local businesses who'd pay once we got the trolley. We got the loan, bought a used trolley and off to the races.

Our credit card once bought a $45,000 office/warehouse income property for $25,000, using owner financing, needing just $2,500 down charged to the card. The property's income quickly paid back the card, covered the monthly mortgage payment and generated positive cash flow.

Imagination. Knowledge. Courage. Action.

Let me reset your money mindset even deeper with the story of our $50 start-up: How These Snacks Created a Wealth Feast

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