The newspaper headlines tell the story of the global economic crisis we face; stock market drops, bank closures, government rescue plans and organized efforts by the US, Canada, Europe, and Asia to control the declining global economy, all with little effect on our personal financial challenges. Home values are down, Wall Street has lost five years of value in one week, retirement plans are wiped out, and unemployment is rising. Can you do anything to change your financial situation?

Yes you can. And interestingly, it doesn’t involve cutting back, saving money or trying to live more frugally. The first step is unbelievably simple, and to most folks, it’s counter intuitive.

Don’t Waste Time Trying to Save Money, Spend Money to Save Time

This is opposite of what we grow up believing and it’s opposite of all that most people consider truth. That’s why most people continue trying to save money and why they will never have much of it.

When I was 25 years old, all I did was come up with $15 to $25 dollars a month to pay a lawn service. That’s all it took to make the difference in my life.

Find whatever money you can scrape up whether it be $5, $10, or $15 and pay for anything you can to save a tiny amount of your time. Stop your cable service if you have to for a month and use the money to pay a lawn service to mow your lawn, or hire a house cleaning service to clean your home, so you save an hour or two a week.

I took the time I saved not mowing the lawn to work some extra hours at my job. That more than paid for the mowing service and still allowed me some time to work on my wealth plan. From there, it was a domino affect.

Back then I drove a 24-year old car that broke down every week. I was fixing it myself because I didn’t have much money. But now, I took some of the extra money from working overtime, and paid someone to fix the car. Now I had even more time to work on my wealth plan.

Every week and every month I worked on it. Two years later I became owner of a multi-million dolla