Great news: The “R” word is back!
No, not recession.
During the boom times, book shelves were peppered with titles like “Get Rich—Here’s How” and “The Five-Minute Millionaire.”
That all became passé when the recession hit and the number of unemployed soared to 15 million. No one cared about being rich—they cared about survival.
But leave it to one of the leaders of the get-rich brigade, David Bach, to turn the beat around. In his new book, “Start Over, Finish Rich,”he acknowledges that some people who followed his advice to a T still wound up in financial ruin. But he then offers this brilliant money-making tidbit: Just call a mulligan on your personal financial situation.
You know, start over. Hit the reset button.
So quit your crying over your deflated 401(k) and negative college-savings plan — It’s time to get rich again!
In the words of silver-screen sports legend Rod Tidwell: “Show me the money!”
It’s amusing — in writing the book, it looks like Bach has found yet another way to make money himself. But still, it's solid advice. He coaxes skittish investors out of their hiding spots, asks that they set aside the doom and gloom (I think he was talking to you, Nouriel Roubini) and points out that there are some great bargains to be had in stocks and real estate in 2010. He hooks ‘em in with a catchy tagline: “Recessions make millionaires — will you be one?”
I certainly hope so.
Maybe it's time to change the name of this blog from "There Must Be a Pony In Here Somewhere" to "There Must Be a Millionaire in Here Somewhere!"