One thing I've noticed over the years when dealing with most people is that it seems as if the poor or those who are on the low end financially, seem to want to leap and go from poverty to great wealth. They want to get rich fast. But it's hard to go from poverty to riches suddenly in one big jump. What happens is that you fail hard and too fast and you go from riches right back down to poverty. How about let's try to move up at a steady pace. It's important to move up in gradual increments in your rise up. One problem that people often had in the past is when certain communities would rise and have great abundance and wealth, they would draw attention to themselves. This is where you have infighting among cities. You have one side of town who's thriving and the other side of town isn't thriving as well and the next thing you know you have a Civil War break out. You have to be so careful about how you do things in society. You can't be too lowly or too uppity. If you have too much of a poor mentality and you don’t ask for what you’re worth then you're going to attract some unwanted attention. There are times when you have workers in one part of the country who go to another part of the country looking for jobs. They take the jobs at lower wages than what the locals were taking the jobs for. This creates friction between the newcomers and the locals. In this case you don't have people who want to rise so fast and go from poverty to great riches. Their problem was that of being too low. The problem was being too impoverished, or they had such a poverty mindset to where they weren't demanding a decent wage. The purpose of those coming to the new town was to undercut the locals as to say “ well hey, I’ll work in your factory and you won’t have to pay me as much as you would the people that you currently have working for you. You can pay me less. This is what would happen and that would create friction between the newcomers and the locals and this led to violence. But nowadays you have a problem with people who are poor but who want to get rich and they are looking to get rich quickly. Many of them are working a low paying job and they won't get any type of transportation to get them back and forth to work. They will much rather not drive anything and wait to get an expensive car. But they're taking all of their hard-earned money and putting it into one expensive car. So how are they going to get rich putting so much of their money into their car? They're trying to take a leap from poor to rich but what they are actually doing is impoverishing themselves. The problem with people with this type of mentality is that they think that riches means having an expensive car or an expensive home or fine clothes and eating in expensive restaurants. None of this equals being wealthy. Wealthy is having assets that earn money. One reason why some people can get wealthy quicker is because they tend to focus on assets which puts money into their pockets. But often what would happen is that if a person wants to achieve wealth or get rich, they go from being dirt poor to working like a slave and work really hard, but they take all of their money and they buy lots of stuff. They buy things that make them look rich but they're not getting rich. So until a person changes that mindset, they will always have an issue of being poor and staying poor. They may only go from poverty to looking like you're rich and then right back down to poverty again. The best plan is to be poor, work really hard, save up your money, buy you a car that can get you around, never mind how it looks. The focus should be on building assets that put money in your pocket. A person will need to spend the time thinking about the type of assets they want to own and what these assets would do for them. They need to consider how much money these assets will put into their pockets. The reason why you have income Inequality in this society is because the people who earn the highest income earn passive income. That means they spend their time buying assets or things that put money in their pockets. So when the assets grow their income grows. They're not making earned income. The biggest problem with earned income is that earned income is the highest taxed income to have. Portfolio income is mainly all of your paper assets like stocks, bonds, mutual funds,and CDs. And with these assets you are paying less in taxes than if you earn the money through a salary or a wage. Now people who own real estate pay the least amount in taxes. Those who own businesses also pay less in taxes. The government encourages people to invest in real estate and to start businesses. The tax rate of a business owner or real estate investor is going to be lower than of someone who just earns an income. So people who have to work really hard to earn an income will need to be focusing on how much of that money they can keep and how much debt they can stay away from and how they can take that extra money and start buying and creating assets. It's really hard to go from poverty to straight riches if all you think about is big homes, expensive cars and fine clothes. The quickest way to move from poverty to wealth is the asset route. It's working and saving your money and buying assets. Now this route isn't going to be a highly fast route. It's the fastest route that you can go at but it's going to take some time to go at this rate. But going this route is a whole lot better than going the typical route of being a poor person who works his or her tail off and takes all that money and buys material items, stuff that they can look good in, buying expensive cars and trying to look like they're rich……
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