Opportunistic Millionaire: Bringing Out Your passion to Succeed

By Shawn Ousley

No matter what your current financial situation is, you can discover a way to achieve financial greatness. Regardless of your educational background, you have the power within you to reach the goals that you set for yourself. If you are ready to take the personal journey to create a new outlook on life for yourself, and create the life that you want Opportunistic Millionaire is here for you.

No more settling for less. No more waiting for the right moment. That moment is now. The passion that you have inside of you will be brought out as you read this book. The valuable skills that you have within yourself can and will create wealth and lifelong happiness in your life. You have all that you need inside of you and Opportunistic Millionaire will show you where to find it.

• Language: English
• Publisher: Shawn Ousley
• Release date: Dec 7, 2012
• ISBN: 9781301921607

Book preview

Chapter 6 – Money Management

Chapter 7 – What’s Your Number?

Chapter 8 – Fill in the Blank

Chapter 9 – Start-Ups: A Few Ideas

Chapter 10 – What’s Stopping You? / Get Motivated

Chapter 11 – Suggested Readings

Chapter 12 – Forms

Final Thought

Chapter 1 – What is an Opportunistic Millionaire?

First let’s get the formal definition of the two words that make up the title of this book, afterwards we will talk about the joint definition. Then we will talk about what this means to you. Opportunistic by definition means taking advantage of opportunities: taking advantage of an opportunity, or exploiting opportunities and situations in general. Another definition of opportunistic is taking immediate advantage of any circumstance of possible benefit. Now that we have the definition of opportunistic I would like to say that in no way am I condoning any unethical or illegal activities. Millionaire by definition is somebody whose net worth or income is more than one million dollars, pounds, or another unit of currency.

Now pause for a moment and put those two definitions together in your own words. Write down your collective definition of Opportunistic Millionaire.

For this book the following definition will be used: An Opportunistic Millionaire is a person who understands what it takes to get to where they want to be financially, and puts themselves in places to make their financial goals happen. As well as keep their eyes and ears open for any opportunity that comes their way. It is my belief that everyone has the capability to be an opportunistic millionaire. I believe that anyone who wants to be financially stable should be financially stable. The question now is: What steps should be taken to become and opportunistic millionaire?

This concept first started when my wife and I moved to Charlotte, North Carolina after I accepted a state government job. We were in a 2 bedroom apartment with our two sons. My wife was a stay at home mom and wanted to do something to make a few extra dollars. We thought of so many things that we/she could do to generate some extra income from home. After a few weeks of brain storming it finally hit me one night while I was in a hotel room: Why not do all of them. And that is exactly what we decided to do.

Nothing was stopping us from trying all of our ideas. You may ask what our ideas were. Well…1) Buying or getting for free old wood furniture and refinishing it and then selling it. 2) Separating and selling my extensive sports’ card collection. 3) Buying old comic books at low prices and then reselling them to collectors. 4) Buying gently used clothes from yard sales, online, etc… then selling them to consignment shops or online. 5) Looking out for items people set on the road to fix and resell. 6) Helping writers get their works published. 7) Finding deals at thrift stores and yard sales and then selling the items to collectors. Did all of these ideas work? Yes. Did each one make us a millionaire? No. However, doing these things started us in the right direction. Doing these income making strategies was not only fun, but it also gave us more than those few extra dollars she wanted to make.

As you see in the picture on the previous page, the first concept of opportunistic millionaire was doing as many things as possible to make as much money as possible. We soon realized that we had to focus on what worked best. Along with that, we didn’t know where the extra money was going to go to. Why were we creating extra income without knowing what the money was going toward? What was our plan for the money? What were our goals? Or were we just doing it for fun?

For us, we had to make a plan. That plan was to save enough money to buy three four-unit apartment buildings (four-plex) and retire before 2024. Why 2024? In 2024 I will turn 45, and both of our sons would be out of the house. Once we have ownership of three four-plexes, nothing can stop us from buying more four-plexes each time we save up enough money to purchase another one. As long as we keep our eyes focused on our goals nothing can stop us from achieving the goals we have destined for ourselves. Our long-term plan is to transfer ownership of a four-plex to each of our sons. We have the understanding that it would be better to leave our sons a four-plex than money. Why? If you leave a child money they may spend it or maybe they will save it. However, if we leave each of our sons a four-plex, then they will have income coming to them every month. The options are we leave them