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The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
book

The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)

by Ken Fisher, Lara W. Hoffmans
November 2009
Beginner to intermediate content levelBeginner to intermediate
256 pages
10h 55m
English
Wiley
Content preview from The Ten Roads to Riches: The Ways the Wealthy Got There (And How You Can Too!)
Inventing Income 1 155
!
THINK
TANKS
RUN
AMOK-A
SHAM-SCAM
An offshoot
of
political income is starting a th ink tank. It's a dif-
fere nt way
to
inv
ent
incom e politically. T hink t
ank
s are those
no
t-f
ar-profit organizatio ns starr ing one or two chari
smat
ic ind ivid-
uals- champion ing some "cause."
Th
e think tank takes "nonpro fit"
don ations so the leader (or leaders) can
think
and write noble
thou
ght
s abo ut th eir chosen crusa de, and pay themselves hu ge sala-
ries. Maybe they do "research," which consists
of
question ing other
lik
e-m
inded peo ple ab
out
their views, and then conclu
ding
the
think tankers were ri
ght
all along.
Th
e key:
It
's a n
onpr
ofit but pays
a future rev
enu
e stream- to you.
T he think tank's purpose is to inst
itut
ion alize a cause by like-
minded peo ple and build credibility by creating a
cor
porate- like
st
ruc
ture
aro und it. T hose fu
ndin
g
think
tanks
think
t
hey're
c
on-
trib
utin
g to some gre ate r cause- that their
think
tank will make a
differenc e with pon de
rin
g, research, and
pub
lishing.
But
really, th ey
create an annuity for think-tank f
ound
ers and selected p
artn
ers.
Th
ink tanks champ ion an infinite variety of causes like free
markets or helpin g the oppressed,
but
at th e roo t th e
y'r
e similar.
Take, for example, Reverend Jesse Jackson. T hough Jackson once
claimed annual i
ncome
of$
430, OOO,
·f(1
he keeps his financial status a
closely
guar
ded secret. Pa
rt
of his mystery is because several of his
n
onp
r
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Publisher Resources

ISBN: 9780470481554Purchase book