TLDR - the first of a two part series on how to build wealth. If you want a magic bullet, stop reading now. The post is an introduction of ways of looking at wealth building.
In this post I will describe a sure fire way to building wealth, guaranteed not to fail, providing you follow my instructions exactly. If you want clearer instructions, send me $1000 in bitcoin, and I will provide you with a video on how to build wealth. Message me, and I will provide you with hundreds of references from my now independently wealthy clients. Anyone who has common sense knows that these types of systems do not work, there is no sure-fire way to becoming wealthy. But you can increase your chances of becoming wealthy. Let's look at the three roads to building wealth.
An idea or object doesn't exist in our consciousness till a word is created for it. You might experience the effects of this idea or object, you might subconsciously know it is there but it doesn't exist till it has a name. An example of this is gravity until Sir Issac Newton invented the term gravity it didn't exist in our consciousness. Gravity is something which affects every living being but people didn't know the effects of gravity till Newton invented a term for it. Once a term has been invented for something, it seems obvious. Once a term for gravity was invented, we could do all sorts of things, calculate how far cannonballs would fly out of cannons to launching spacecraft.
Someone recommended on Reddit that the book, The Millionaire Fastlane was a good book to read. Despite its hokey title and cover, I decided to read it. The book is poorly written, rambles on in places, it feels like he does this to create enough material to justify a book. But it does have many good ideas which I will cover in this post coupled with my own experiences. Half of the book is where he describes the three roads to wealth. The book brought about awareness of ideas which I did not consciously know existed. Lets look at the three paths to wealth.
Poorness - the sidewalk
This describes a great deal of the population, they live from paycheque from paycheque, they have zero savings, they are usually in debt. They will spend their money or go into debt to spend their money on glamorous things that have no value. They are of the opinion that getting wealthy is largely a matter of luck or there must be some secret. Usually, they fall victim to every Multilevel Marketing Scam out there and would probably send me $1000 for my sure fire method to gain wealth.
The people on this path always need the latest iPhone X, then they will be boasting on how it has a new type of headphone jack. Of course, to buy this new iPhone X, they used credit. Banks and stores love these types of people. Many retail shops make more money on providing credit than actually selling the item. The retail shop can borrow the money at close to the prime rate, they then lend out the money at 15% for 2 years. As an added bonus, the retail shop has a guaranteed income for the two years. There is nothing wrong with buying the new iPhone X or flashy clothes, providing you are spending money you have. The new iPhone X does not create wealth. With your old iPhone, you to call people and send SMS just as well as the new iPhone X.
Of course, if you ask the person on this road, did they read a book or a blog. They will tell you they don't have money to buy books or time to read a blog. They have no interest in attempting to better their situation. Their priorities are messed up, lots of money for iPhone X, no money for important things. Substitute iPhone X for a designer purse, clothes, watch, automobile etc. Instead of looking at functionality, they are looking at impressing people with fancy things. The next road is the one which your school guidance counselor recommended and possibly your parents. My parents always pointed out the importance of saving money and security, this is the road they recommended. Not to say, my parents, where stupid, no one told them differently.
Mediocrity–The Slowlane
READ MORE http://acrackletsthelightin.info/2017/02/11/The-roads-to-building-wealth/
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