Do You Have the Midas Touch? How Can You Turn Money Problems into Gold?

March 29, 2007

How can we turn our money pits into money fountains? We can take a lesson from the Ringling Bros. and Barnum & Bailey Circus.

Elephants in Manhattan
The Ringling Bros Circus can’t get their elephants into Madison Square Garden via the typical means of customized railroad car when they visit New York City. The circus came up with a solution that turned this logistical roadblock into a wonderful public relations event, walk the elephants into the city. What better way to announce the circus is in town than parading elephants down 34th street of Manhattan? The circus took a problem and turned it into an opportunity, brilliant!

The Midas Touch
Do you have a financial problem that’s bleeding you dry? Sometimes the numbers are overwhelmingly against you and the problem seems insurmountable, however, being creative and thinking outside the Quicken box might give you the Midas touch you need to turn your money problem into gold.

Dieting for Dollars
Have you ever heard of Jared Fogle, the guy who lost 235 pounds by exercising and eating only Subway sandwiches? He was able to turn a life threatening condition into a well-paid career as a spokesman for the restaurant. Although his wasn’t a financial problem it was an overwhelming one. An important thing to note here is that Jared didn’t plan on becoming the face of Subway but his story hit the media and the rest is history. So take a look back at your life experiences and see if there’s anything you can “turn to gold”.

One Million Dollars
Paying for college is a problem many young people face today. Alex Tew was a month away from starting some college courses and wasn’t sure how he’d pay for them when he started the Million Dollar Homepage. Over a million dollars later Alex no longer has to worry about money.

Expensive Taste
Not everyone will make a million dollars or become known across the country but there are things all of us can do turn our money problems into positives. Do you know anyone whose taste is more expensive than their checkbook can handle? Their home or wardrobe may look sensational but now they’re up to their eyeballs in debt? If they really are that good in picking out tasteful arrangements then there are wealthy people out there that would hire them as a fashion or decorating consultant.

Debt Free
Accountability and extra cash flow have both come out of sharing their debt struggles with the world for Tricia from Blogging Away Debt and the King and Queen of Debt as they work towards their goal of being debt free. Sure, they haven’t turned debt into gold but by publicizing their story they will likely be able to get out of debt faster.

What’s Your Thing?
Everyone might have something they can use to flip money problems on their head. What is yours?


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Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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