Today, I thought I’d share with you the true story of a Barefooter named ‘James’ (I changed his name because he’s too proud to be singled out), who five years ago was an average twentysomething with no special skills, qualifications or cash.
Now, he’s gone from zero to hero.
James tells me it all started when his housemate brought home the first edition of my book. The housemate never did read it, but James did. And as he read something clicked: the only way things were going to change was if he took massive action.
Within weeks James had put his day-to-day money management on autopilot so he could free up his time to kick things into overdrive. But the most dramatic results came when he committed to spending his spare time acquiring three key skills: selling, public speaking, and leadership.
After five years of hard slog and tremendous focus, his annual income had skyrocketed from $45,000 to $180,000 (he did it by moving into a sales role – but James is the most unsalesy guy you’ll ever meet).
It gets better.
After five years of hard slog and tremendous focus, his annual income had skyrocketed from $45,000 to $180,000
He proposed to his girlfriend 18 months ago, and six months later they got hitched – and paid for the wedding themselves with cash. A few months after that, they bought their first home (following the Barefoot 20-10 Rule: save a 20 per cent deposit and make repayments as if rates are at 10 per cent) and they’re on track to pay it off – in FULL – in five years.
James and his wife are committed to being debt free, and they’re building up a low-cost, long-term share portfolio. They’re on track to being independently wealthy before their (yet to be born) kids reach high school.
In the end, life is what you focus on. You can be dragged down by the relentless doom and gloom. You can wait around for Canberra to fix your problems. You can complain that life isn’t fair.
Or you can be like James, and rise up, take life by the scruff of the neck, and go out and tread your own path.