Written By Loren Woirhaye, September 27th, 2010
Reading time: 2 – 2 minutes
(part 2 of 5)
“Poor People Have Big TVs. Rich People Have Big Libraries.”
The late Jim Rohn said that often. It sounds like a glib statement to be sure. and it might offend you if you enjoy your TV. That’s not the point. These days, many rich people do have big TVs of course. The point is that successful people continually invest in developing their minds and creative pursuits, while unsuccessful people just seek instant self-gratification, which tends to default to doing stuff like watching junk television.
A secondary point is that when you buy a TV or any other toy or new car or even a house, it won’t make you more money – in fact it will usually either decrease in value (TVs, Ipods, computers) or it will cost you money to maintain (houses, boats).
Of course with real-estate your investment may be worth more in the future, but if you buy more than you can afford, you’re investing in a liability that sucks up your monthly cash, not an asset. Of course you need a place to live, and having more space than you need can be a pleasant luxury – but the truth 
Written By Loren Woirhaye, July 29th, 2010
Reading time: 2 – 2 minutes
The new economy is a competitive place and you’ll have to be a marketer in order not to be marginalized by the marketplace.
In brief: If you cannot market and sell your ideas to your employers and colleagues, you’ll be exploited and under-paid.
Fifty years ago, giant corporations offered a lifetime of job security and upward mobility. Today you’ll have to be more flexible in your working skills because chances are the jobs you are doing today will not be the ones you are doing in 5 or ten years.
In our current 2010 economic meltdown in the United States, we have a chorus of workers demanding the government create jobs. I’m not too astute about politics or economics, but it seems to me that the workers should be busting their buns to get new skills with more value in the new economy instead grousing about the loss of the obsolete jobs they lost.
In the news, a factory worker who for 25 years has put in his hours and spent his off-time watching television rather than bettering himself cries angrily at the government to replace his lost job. I ask this: how many
Written By Loren Woirhaye, June 20th, 2010
Reading time: 1 – 2 minutes
Good News… that sounds like bad news…
(this post was updated July 25, 2010)
If you haven’t started your internet business yet, you may be too late… if you’re an average person.
Average people would like to be rich and successful – but they won’t take the kind of rigorous action getting what they want requires. 95% of people are pretty average in terms of how ambitious they are, which means they don’t have the fire in the belly entrepreneurial success requires. Most of the people you know are average in this way – and thus are poor role models for the budding entrepreneur.
Entrepreneurs and business owners pay themselves, on average, about 500% what they would make with their same skills as employees. Thus a $100,000 a year skill becomes a $500,000 a year skill. Most people surveyed would like to own their own businesses, yet most lack the aggressiveness to do so and remain employees for life.
Factoid
The word “employee” incidentally, has the same Scottish root as the words “ploy” and “exploit”. That should tell you something.
But If YOU Are Tired Of Working For Average Rewards And Want To Boost
Written By Loren Woirhaye, July 21st, 2009
Reading time: 1 – 2 minutes
re: the myth of internet marketing
Bear with me, there’s a little back-story here, and you can skip it if you like – but I recommend you don’t because there is some valuable insight buried in it.
Ok… I am unabashed about calling myself an internet marketer and entrepreneur. I started selling stuff on eBay in 1999. In those days there was no PayPal. I didn’t have a digital camera so I shot my pictures on 35mm film and scanned them to upload to eBay. Digital cameras weren’t even close to film-quality at the time and they were silly-expensive to boot… big-boy toys really.
Even before 1999 I had been involved with the old BBS communities as a teenager. My brother and I ran a BBS on an Apple 2 computer using a phone line we put in. People who used the BBS were very supportive and sent donations, which helped cover costs (we were kids, remember, so we didn’t have much earning power ourselves).
So you could say I’ve grown-up with the internet. At 37 I remember having a rotary phone in the house…
The post author,
