If you follow this simple strategy, your wealth will increase.
In fact, follow it to the letter and it will double… guaranteed.
You’ll be on your way to true financial freedom.
If you’re a longtime reader, you’ve heard us muse about our “broken bowl” theory.
It’s the most powerful wealth creating tool we know of.
And there’s a funny story that accompanies how we came to discover this simple yet powerful idea.
When we were newlyweds, we lived with Mrs. Manward in a remote section of Alaska’s southeast coast. It’s where we met with some of the country’s richest men and truly discovered the idea of wealth.
One week in late August, when the salmon were running at their peak, we decided to go camping at one of our favorite lakes along the rugged Canadian border.
We invited a friend named Kenny.
He was a young, hungry kid from Southern California, with a powerful daddy… a daddy who clearly never had to say no to his boy.
For a few panicked hours, we thought the spoiled lad was going to get us killed.
Where’s the Food?
You see, camping in the Alaskan wilderness isn’t like camping in the lower 48. There’s no Walmart a few miles down the road.
Once we waved goodbye to the bush pilot who flew us to the lake, we were on our own.
No phone. No radio. Just the three of us and a campfire.
The nearest person was more than 25 miles away. But it didn’t matter. We couldn’t get there if we wanted to… The closest road was more than 70 miles south, and we were surrounded by notorious man-eating mountains.
We were on our own. And Kenny forgot about that.
It’s never something he had to ponder before… not with his daddy.
Almost as soon as the plane disappeared over the mountaintop and the final echoes of its roaring engine faded into silence, Kenny attacked his food ration for the week.
By the time we stopped him, he’d already eaten two days’ worth of food – and not just his food… our food.
That’s trouble… big trouble.
But then something happened…
The Rustic Mindset
Kenny dropped his bowl.
All that was usable was a piece about a third the size of its previous shape. It was a concave sliver, like a watermelon rind.
He eyed our bowl, and we shot him a look that made his eyes dart to the sky.
I’m convinced it saved us from real trouble.
At first, Kenny was distraught. He was hungry and grouchy and looking for a way to devour another can of soup.
But as the sun burned through the fog on our second day, his mood started to change. He was eating only as much as his broken bowl would hold… and he was happy with it.
It’s a powerful lesson for anybody working to build wealth.
It’s our “broken bowl” theory.
It’s simple but mighty.
It begs us to understand that the most effective way to ensure we reach our financial goals is to break our bowl in half.
From Half Empty… to Overflowing
Here’s what we mean.
We’ve all heard the idea that “We’re all broke on different levels.”
On the water, we call it 2-foot-itis. We always want a boat that’s 2 feet bigger.
We’ve had it… bad.
We got to 36 feet before we wised up.
This idea is why Jeff Bezos still deals with the stress of running Amazon. It’s why Warren Buffett gets frustrated that he can no longer beat the market. And it’s why the pig farmer down the road just wants to build another barn.
We never have enough.
It’s the powerful, uniquely human trait that has done so much good… and so much harm.
Folks who can’t control this instinct are never happy… and never reach true, liberating wealth.
There’s always a lust for a bigger boat… a better business opportunity… a shinier car.
But what if we crack our financial bowl in half? What if, despite our growing income (a constant goal), our bowl remains cracked in half?
Make it happen and we promise it will be the most financially liberating move you’ll ever make.
We did, and not only have we never been richer… we’ve never been happier.
To achieve financial Liberty, we must understand this concept – the power of breaking your bowl.
More importantly, we must put it into practice.
Draw your limit – cut the size of your bowl. Set goals, spend only what it takes to reach them and invest the rest.
It will change your financial destiny.
You may feel hunger pains for a bit. But eventually you’ll wake up – most likely debt-free and with a million-dollar portfolio – and realize that big bowl was only making you fat.
Another eye-opening real-life story on the subject tomorrow…