Transforming Debt Into Wealth - Turning The Tables

Transforming debt into wealth is actually very simple theoretically - stop spending more and start earning more. If only it was that simple right. Most articles you find in hard copy, or online, point out all the “excepted” ways to successfully transfer debt into wealth. I’m not a financial expert, so I will write only of my own financial transformation - from carrying big debt to growing moderate wealth. But first, I want to start with the internal thought process that changed my debt building habits into wealth building habits.

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I was living, working, and spending, like most North American consumers. I made a fixed net income of $2700 working for a big company. I was a mechanic, and my education was (and still is) nothing more than a highschool diploma level. I was never worried about earning more money because I never imagined I could do so. Creating wealth was not in my DNA.

Our household income was never enough to afford saving money for a rainy day, mutual funds, or retirement. After the mortgage, utilities, car payment, food, hobbies, entertainment, and speeding tickets (had a lead foot back then), we rarely made more money than we spent. I spent alot of time, energy, and money, working on my hobby which was making music. Someone once joked that if had the same passion for creating wealth as I did for creating music, I’d be rich. Interesting idea considering I was on the verge of personal bankruptcy. Read more »

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Cultus Lake - My Office Next Week

I remember playing at Cultus Lake as a kid. My grandparents had a spot out there way back in the old days. (early 1970’s) We went hunting for garter snakes, swimming in the lake, and of course the summer lasted about 3 years in my child’s mind. 

I’ll be working in Cultus Lake next weekend (Wireless Internet connection willing), as we have a trip planned that takes us through the Chilliwack area. My brother lives in Chilliwack so a trip to Cultus was inevitable. 

My wife and I have been experimenting with our Internet business locations. The picture on this post is of our community lake, where we frequently do our daily tasks. I don’t know why we didn’t think of working at the lake more often. (if you can call it work)

We’re pumped up about our trip to B.C., although I know Cultus Lake has changed, and I won’t recognize it from my youth. Also, we won’t be staying in a lake-side cabin as I did as a child. We’ll be tenting at the Sunnyside Camp Grounds for two nights, and then we’ll be tenting at the Vedder River Campground for another 3 nights. I’ve never been to any of these spots, so it will be an new experience. I’ve been told there is a great sport fishery on the Vedder River, and as per anything in British Columbia, Canada, it will be stunningly beautiful. (as long as the sun has priority in the sky that week)

I know some of my readers only come here to take the the video tutorials and read about my love of Internet income, and that posts like these may seem annoyingly off topic. You will find many articles on Zulit.com that are nothing more than diary style installments. I find that these articles can be motivating for new-comers who enjoy reading about the financial freedom I’ve acquired via blogging  Read more »

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