Are you familiar with contrarian thinking? It’s just sort of like it sounds. People who think and act differently from “the crowd” use it to do some amazing things and lead incredible lives.
I read an article that said most millionaires use contrarian thinking.
For example, millionaires are savers and investors. Most other people are consumers who keep themselves in a constant state of not having enough money. And most millionaires appear to have highly creative intelligence. So, they’re able to “see” what most others can’t. Plus, they often see the big picture and figure out where they have the best chance of creating wealth in the “grand scheme.”
The article I read included a great, short story about a guy who built a “blue-collar millionaire” business. And he shared some of how he got there. Here’s some of that story:
“My wife of twenty years and I have a wonderful marriage and three great kids that we are desperately trying to raise with sound values and common sense when it comes to money. This is very difficult. Because neighbors get new Mercedes Benzs every year. And they look down their noses at us because we live modestly. I drive a fifteen year old Buick.
I have never earned a large salary. And I have focused my efforts on building our net worth through investments and running the businesses that we have owned.
Our newest venture is an auto salvage business which is difficult and expensive. Because there is so much regulation and licensing. The previous owner went under in 2008. Because he was over leveraged in other ventures. And we were able to pick it up very cheaply in early 2009 because we were able to purchase it when no one was able to get money from a bank. After about 18 months this venture is doing fairly well.”
Yeah, a lot more than “fairly well.”
As it turns out, that auto salvage and scrap metal dealer has been on a list of top 20 blue collar millionaire businesses for a few years now. And the article added that “there are approximately 250M motor vehicles registered in the United States. And just prior to the recent economic meltdown there were more than 16M vehicles sold per year. Now there are only about 11M sold.”
So, what does that tell you and me?
Statistics say that fewer people are able to purchase new cars now. And more and more car owners have to keep their “used cars” going longer. And before you say, “So what,” and dismiss the stats, consider what it means for someone who runs an auto salvage business.
It means there’s never been a greater demand for used auto parts. And that means the inventory in an auto salvage yard gains value every day. But most people would look at auto salvage as just some “dirty job.” So, a person who uses contrarian thinking, like the guy in the story, is the one who can clean up. So to speak.
My RondaReady YOUniversity is based, at least somewhat, on that kind of thinking. I call it System Thinking. And I teach students how to do what the vast majority of the people they know won’t do. Because I love to help people figure out who they are and what they want so they can have their own success story.
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