Some guy called Coomer says he makes $300,000 a month — from the oil that flows out of his Kentucky backyard.
He's part of a new reality TV show called Backyard Oil that features regular folks who are getting rich running their own oil drilling operations on their own land.
It's happening all over the country...
In Williston, North Dakota, longtime farmers Oscar and Lorene Stohler are now worth over $1 million after Bakken oil was found on their land.
And in Texas, a guy named David Brodsky is a millionaire after having leased over 100 acres of his land in the Eagle Ford Shale Basin.
What could be more American than “do-it-yourself” oil wells?
More importantly, what could be better than getting wealthy from America's greatest resource?
As a kid, my family used to drive from Virginia to Midwest City, Oklahoma, to visit my grandparents. Oil wells were everywhere out there: in shopping center parking lots, behind churches, in front of schools... It was like everyone in town was involved in oil.
Even at 10, I knew oil meant big money. And I vividly recall asking my dad why we didn't try to strike it rich in our own backyard. I'm sure he said something about how it wasn't realistic.
But he was wrong...
The fact is getting wealthy from oil wells is a reality for thousands of Americans.
$10,000 into $220,425
I recently did some digging to find the best investments over the last decade.
What I found might surprise you.
One of the top-performing investments since 2002 would have turned $10,000 into $220,425 — and would be paying you better than $18,000 a year in income.
It wasn't a company, exactly...
Rather, it was a group of oil wells in Alaska.
Any American could buy into these wells. And they'd get a share of the profits as the oil was sold on the open market.
If you had reinvested the income these wells paid out since 2002, a $10 stake would now be worth over $220,000... and you'd still be getting over $18,000 in income.
Now, I've seen the Gold Rush show, where a group of family and friends risked it all to find gold in the Yukon. It was cold, messy, and no guarantee of success.
I've watched Jungle Gold, too, where two guys get robbed and scammed while they try to find gold in Africa. None of it looks like much fun.
Even on Backyard Oil, guys like Coomer work incredibly hard; it's dangerous and there's no guarantee that their thousands of dollars in investment will actually lead them to oil wealth.
That's the beauty of investments like the Alaska oil wells I told you about...
The reserves are proven, the wells are pumping, and the payments — which can run as high as 20% of your initial investment — are guaranteed by law.
What's more, this investment carries a special status that makes it eligible to be completely protected from income and capital gains taxes. You can arrange to pay exactly zero in taxes, no matter how much you make on it.
Just Doing My Job...
If you didn't know, I co-edit The Wealth Advisory income newsletter along with Angel Publishing President Brian Hicks.
Our portfolio is up 31% so far this year.
Oil well investments like the one I told you about are helping us (and our readers) build lasting income streams and outperform the market by a wide margin.
And these oil well investments aren't just in Alaska; you can find them in Kansas, Colorado, Texas, and several other states.
Until next time,
An 18-year veteran of the newsletter business, Briton Ryle is the editor of The Wealth Advisory income stock newsletter, with a focus on top-quality dividend growth stocks and REITs. Briton also manages the Real Income Trader advisory service, where his readers take regular cash payouts using a low-risk covered call option strategy. He also contributes a weekly column to the Wealth Daily e-letter. To learn more about Briton, click here.