value

The Wealthy You! – OFFENSE; It is all a personal decision. Everything. Including what you do with your time, what your income is and how much you want to be worth; this is net value. It is your decision to bring that to reality every day. Not tomorrow.

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One’s personal life is a library of one’s personal decisions. Your life is molded and created by you every time a decision is made. Did you decide your line of work or labor? Or did you accept the first job offer? Did you select the amount that you receive from your wage or paycheck from your job? Or was the first offer accepted? What about the city and neighborhood you live in? What about the use of your time? Are you enjoying and receiving fulfillment from the current use of your time every day? All these questions should be answered and determined by you. Not a boss or a parent or a friend or a teacher, but you. This also includes your net-worth or net-value. There is value attached to everything in our world. Even trash on our streets have value, people will hold up used cardboard to ask for money and food, while others may peruse through trash looking for something of value. In Oregon, aluminum cans and plastic bottles can be redeemed for $.10 each. Public trash cans and dumpsters seems to always have a person in it looking for cans and bottles. These people have chosen to be amongst the least-valuable people in society, they demonstrate this everyday by looking for used drinking receptacles and using trash to ask you for your money. The Wealthy You! is you selecting to be amongst the most-valuable people in society. You will peruse through the smartest of minds from people that you meet in your life. You will be looking for gold (or your version of gold) while others look through trash. You will be collecting assets of value that appeal to you; real estate, gold, silver, stocks, bonds, businesses, literally whatever you decide. But it is your decision.

Why is this appealing? Because it is the epitome of private property. Aristotle acknowledged thousands of years ago a very basic principle that applies to all human life in all countries; “true happiness is impossible without the use of private property”. The real estate, gold, silver, stocks, bonds, businesses, artwork, and anything else of value needs to be owned by someone, otherwise they will all fall into disarray or the government will come to own it for us. The purpose of ownership is to take on the responsibility of that asset. Someone who owns a billion dollar business(s) (Musk) has taken on the responsibility of that business producing its product for society and doing it in a financially smart way. Farmers own their farmland so that they can produce their crop for people near and far. Farmland that is unowned has weeds in it and is unproductive. Businesses that don’t produce a product for society won’t exist for long. This is private from the government. Government doesn’t own the farm lands and the businesses, or even the national infrastructure. Businesses own this property and the private citizen owns the businesses (government does own AMTRAK, some land and some artwork in Washington D.C.) but the vast majority of all drivers of wealth are owned by the people. Besides someone has to own these assets and wealth has proven to be superior to poverty for a person’s life.

People are hired to do all kinds of jobs and in satisfactory completion of the job, people will receive a paycheck and some benefits or bonuses. Some people prove they don’t want to keep that job by calling in sick on a regular basis, being consistently tardy, asking coworkers to trade posts, sections or responsibilities or just plain not showing up for work. We have all worked with people who act this way and they are usually the main producers of these issues in your line of work. What they are really saying is they don’t want to keep the job. What if God hired you to do a specific job or play a certain role here on Earth? Are you going to call in sick frequently or complete the job satisfactorily? All these are your decisions to make every day of your life. Your life and world is created by your tongue and built by your hands.

Next on The Wealthy You! – OFFENSE; View yourself as one of the most valuable things to exist in society; you are more valuable than diamond rings, million dollar sports cars and billion dollar sports franchises. Besides, someone has to own all those assets, why not you.

Become The Wealthy You!

The Wealthy You! – OFFENSE; Collect additional incomes by providing needed products or services for your community and for others.  Look for solutions to problems that plague or trouble society. 

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There is a minimum wage law, but there is no maximum wage law.  Employers are forbidden to pay below a certain amount, but there is no upper limit to how much a person decides to earn for themselves.  Likewise, there is no law restricting the number of incomes’ a person may acquire for themselves.  Generally speaking, it is not smart to become completely dependent upon just a single source of income.  If that source dries up for any reason, then your single income will disappear too.  And that will lead to disastrous results.  But if you had multiple streams of income, if one were to disappear it wouldn’t be the end of the world because you would still have money coming into your household.  The wealthiest people in the world have multiple sources of income and do not become dependent upon just a single source.  It is a joint operation amongst all your incomes.  Becoming The Wealthy You! is the same.  You will find yourself looking for opportunities in which you can acquire additional sources of income.  Once you focus your mind on that mission (the human mind will produce more of whatever you focus it on, so have laser sharp focus on your goals in life.  Those goals are your decisions), you will see opportunities and chances at increasing the amount of sources of income everywhere you look.  This is good.  Waiting for orders, letting your hands lay idle will lead to poverty.  This is The Wealthy You! not The Poverty You!. 

So, how do you do that?  Great question.  We all need things and have problems to deal with in life.  If you aim to either provide the things that we all need in life like food, cleaning products, clothes, energy, shelter, entertainment and numerous other things or aim to solve problems that are troubling people, then you will discover people all over the place will be more than happy to trade in their money for your product or solution to a problem.  If one person needs those things or is plagued by a certain problem, then odds are that potentially millions of people around the world will need those same things or is affected by those same problems.  McDonalds provides food that people around the world purchase from.  Ford provides transportation solutions.  Tesla provides electric car options.  Apple provides communication.  Google offers advertisements for producers and information for consumers.  Bring water to your village in a pipeline instead of buckets and you will serve more people in your village than the person bringing water in buckets.  But none of that happens without first producing your product.  That is taking the initiative and leading by example (OFFENSE). 

Maybe you have an idea that you have been pondering or maybe you have created something that has helped you with your line of work.  If it is something that you created and has been useful for you in your work, then odds are that other professionals in your field will benefit from your creation and will be more than happy to trade in their money for your creation if it helps them in their life.  This is the path of pursuing self-interests.  Pursuit what interests you, develop as much as possible, then share it with the world and the people who may be directly interested in what you produce and provide.  The United States mentions this in the first sentence of the second paragraph of the Declaration of Independence: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness”, July 4th, 1776.  Another event happened in 1776 that became the premise of the United States economy and other capitalist economies, The Wealth of Nations by Adam Smith was published.  This book continues to influence our economy today with astonishing results.  The book is extremely nuanced and breaks down economic activity to the smallest details, but the overall message of the book is that economic development and human development happens most effectively when people are left to their own accords to pursue self-interests.  I.E. pursuit what interests you and share it with the world, literally as many people as possible.  Your interests should especially be shared with as many people as possible if there are legitimate issues that you are able to solve or diminish.  Pursuit self-interests that will positively benefit other peoples’ lives. 

Another example, providing a place to live is a major issue plaguing cities throughout the world.  Having a single place to rent out to someone that provides a roof for them is you helping solve the housing crunch.  It may be small but it is better than sitting on the couch and twiddling your thumbs.  Twiddling thumbs haven’t done anything for anyone ergo, no one is going to trade in their money for you to twiddle your thumbs.  But someone will trade in their money if you provide a roof for them (Rule #1 money is a means of exchange).  Now imagine providing a 300 unit apartment building to your community to provide housing.  It is better for people to live in a structure than it is to live in an RV on the streets or a tent under a highway overpass.      

The more service you can provide to people, the more people you serve, the more people there will be that are willing and volunteering to trade in their money for your service.  When you don’t serve other people, then there won’t be anyone trading in their money for the zero service you provide.  That is the moment people tend to hold up a cardboard sign (a trash item) on the side of the street asking passersby for as little amount of money as possible.  That is The Poverty You! not The Wealthy You!

Next on The Wealthy You! – OFFENSE; Put your collection of money and value to work for you.  The more money you collect and put to work for you, the more money there will be available to work for you.  Money doesn’t have a physical body to maintain,  which means that it will literally work 24/7 for you until you say ‘stop’.  This is compounding interest and investing.  Make money work for you every hour of your entire life.

Become The Wealthy You! 

The Wealthy You! – OFFENSE; Putting those ideas, thoughts, dreams and new or different ways of doing things in place, i.e. trying them or stress testing, is the road to production. Lots of your ideas, thoughts, dreams, and new or different ways of doing things will fail, so enjoy the process in abundance. You will need the abundance and want the wealth.

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Every organization that provides a product or service to the public has undergone rigorous stress-testing of their products. This includes seeing how much physical stress a physical object that is produced can take before it fails and falls apart (how many times can a hammer hit a nail before the hammer fails?). Organizations that provide services undergo routine exercises and drills to stress-test the employees and the organizations policy responses to any given situation that they may encounter. The purpose of doing all these stress-tests is so that every organization can provide a quality product or service to the public with confidence that it works. That is the point of stress-tests and if this step is skipped then no one would know about the quality of your product and will be questioning the product itself.

But how did those organizations create those products to be stress-tested in the first place? You have to start somewhere and you need to have a tangible product that can be produced before it has the ability to be stress-tested. Usually it comes from people operating in a space that is a self-interest that they are pursuing. And why are they pursuing it in the first place? Because it’s interesting and is worth the investment of time every day to pursue it. During this process, products will be created and will undergo the stress-testing phase of becoming The Wealthy You!. Once a product has sufficiently passed the stress-test phase, then production can start. The point of production is to produce that product in an abundant and systematic way so the quality will be the same in each unit/product produced or service rendered to customers. Once production has begun, don’t ever stop producing and produce it abundantly to share with as many people as possible. There will always be a buyer, but you must have your quality product produced first before a buyer will buy. The more you produce and the more you share with as many people as possible, the more people there will be trading in their money for your product, literally for as long as you produce (money is a means of exchange/sharing). Imagine Ford not producing their trucks or Mustangs or only producing 10 a year, they wouldn’t have a presence on the roads and no one will know about them. Or Tesla not producing their Tesla vehicles, luxury electric vehicles wouldn’t be a thing, let alone Tesla themselves. What if farms stopped producing food? We would all starve. Or doctors and other medical staff stopped producing/sharing their talents for their community. Medical care would collapse and lives would shorten. Don’t ever stop producing, because the moment production stops is the moment you begin to be replaced. And we all suffer when your products, talents, and services aren’t shared with society and your community in abundance. But we all benefit when you do share your talents, thoughts, ideas, dreams, and products with as many people as possible.

During this entire process, you will have ideas, thoughts, dreams and new ways of doing things that will not pass your stress-tests. This is a pivot. Do you believe in the product? If so, then change the product in the area where it failed the stress-test so the next iteration will pass that part of the stress-test. This is a product-pivot. If the belief in the product seems to vacate your heart, this is also a pivot, but it is known as an idea-pivot. Your ideas should pivot to a completely different product that can be produced and stress-tested. Sometimes this new product will be in a completely different space or industry. Or maybe it’s a different product in the same space or industry. Pivots aren’t your failures, it was the products failure. Pivots can be struggles for us, but struggles are growth and growing pains, and the problems of growth is better to deal with than dealing with the problems that comes from contraction and poverty.

Do this abundantly, this is a part of becoming The Wealthy You!. It is impossible for you to become wealthy if you do not abundantly pursue your self-interests and share it with the world. With as many people as possible. The more abundantly ideas you produce and pursue and consistently and constantly share it with the world, the wealthier you will become. It comes from abundantly producing the thing that interests you and has passed all stress-tests it went through.

The Wealthy You! – OFFENSE is a simple and basic lesson of economics. The definition of economics is the production and consumption of goods, resources and services. To have an economy, a nation must produce goods and resources. The more that is produced the larger the economy. Money is used to account for the value of the production that nation produces. How does a nation produce? You!!!. Whatever you produce abundantly and share with people, that value you create will contribute to your nations economic development and total economic value. For a country to have a strong economy; its citizens must produce for others. For a billion-dollar business to exist and continue existing; it must produce for others. For you to become The Wealthy You!; you must produce for others. Create the image in your mind.

Next on The Wealthy You! – OFFENSE; Collect additional incomes by providing needed products or services for your community and for others. Look for solutions to problems that plague society.

Become The Wealthy You!

The Wealthy You! – OFFENSE; building wealth is a personal choice and endeavor that should be shared with the world.

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Building wealth is a personal choice. The world’s wealthiest people do not work for a paycheck from someone else. They all have some sort of product or service that they sell to society or the public. Usually the things they sell are all related to each other or is in a similar industry or works that work off of one another. But they all stem from a self-interest that those individuals or groups of people are interested in. Walt Disney had a self-interest in animation. Steve Jobs had a self-interest computers and software (among others), same with Bill Gates. The guys who created Caterpillar Inc. had self-interests in construction equipment manufacturing, going back to its predecessors Holt Manufacturing Company and C. L. Best Tractor Company (Caterpillar was formed with the merger of these two companies). These are just a few examples, but they all got to that size and level of success by pursuing self-interests in the first place and became competent in their space.

This may sound selfish and counter-productive but it is not. Especially when you get really good and knowledgeable about your self-interest to the point where the world will seek you out and ask for your knowledge and talent to help them with something that interests you. Money is a means of exchange. Once you come to the point where the world seeks you out about your expertise, something that interests you in the first place, you will discover that the world is wanting to trade in some of their money for your expertise. This will be a constant supply of financial resources straight into your bank account throughout your life. It’ll be daily, instead of a weekly or bi-weekly paycheck. And this can happen with any product or service that society uses. Helping others with the use of your own talents is selfless. It has been said that helping others and trying to make their lives easier is one of the most fulfilling things a person can do in life. That is production. That is The Wealthy You! going on the OFFENSE. Helping others, going on the offense to produce something that interests you and then sharing it with the world.

But none of this can happen without first pursuing a self-interest. This can mean little money or financial resources until the world acknowledges your expertise in your interest. But who cares, you don’t pursue it for the money, the money will pursue you after you start pursuing your self-interests. Money is the most abundant resource in the entire Universe. Just over $21 trillion worth of economic transactions, real GDP, occurred in America alone in 2019. That is just one country in one year. What else can you think of that numbers in the trillions? When you include China, The European Union, Japan, India, and every other nations real GDP, or the things they produce valued in U.S. dollars, all added together will lead to a mind-numbing amount of money. And that’s only in a short time frame. Pursuing self-interests will lead to more satisfaction and financial resources.

Wealth is abundance. When you produce abundantly, you will find that you have an abundance of financial resource to follow suit. But if a self-interest isn’t produced, let alone abundantly, then there won’t be anything to trade for other people’s money. That is poverty, lack of resources. This is The Wealthy You! not The Poverty You!. Find something that you like, get to know it as intimately as possible, then share your expertise and knowledge with the world.

Next on The Wealthy You! – OFFENSE; New ideas, thoughts, dreams and new or different ways of doing things will fill your mind while pursuing self-interests.

Become The Wealthy You!

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=US

https://www.thebalance.com/components-of-gdp-explanation-formula-and-chart-3306015

The Wealthy You! – OFFENSE. Win the war against poverty.

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This week on The Wealthy You!; win the war against poverty.

Building wealth for you, your family, and your community is doing your part to win the war against poverty. There is a war against poverty despite it not being mentioned in the news on a regular basis or even hearing other people talk about it throughout society. U.S. President Lyndon B. Johnson initiated a war on poverty in 1964, this program has been the center of various different criticisms and its ability to actually fight poverty from a whole-of-government approach, but the reasoning behind it makes sense. This was an interventionist strategy led by the state, but this approach doesn’t allow people or give citizens the opportunity to stand on their own two feet and develop and prosper on their own work, energy and economic production. Johnson’s program has been criticized and often been tagged as the program that has led to the massive welfare state that the U.S. Government has built over the pass few decades. Despite its criticism and shortcomings, the government was correct about one thing; generally speaking, the fewer people there are in poverty, the lower the crime rate, drug use, prison populations, homeless camps and other ills associated with poverty in society. This is a fact that all people can come together on. The easiest way of winning the war on poverty is to not be in poverty yourself. That makes it a personal endeavor instead of a state-led effort. How has poverty served society? Have you ever seen anyone purchase happiness with poverty?

The best and most effective way to not be in poverty yourself is to have a thorough understanding of financial literacy and to produce for others. Understanding financial literacy is my DEFENSIVE approach and producing is my OFFENSIVE approach.

In 2020, in response to the COVID-19 pandemic, the United States released the U.S. National Strategy for Financial Literacy. They define financial literacy and education, “Financial literacy describes the skills, knowledge and tools that equip people to make individual financial decisions and actions to attain their goals; this may also be known as financial capability, especially when paired with access to financial products and services. Financial education is the process by which people gain information, skills, confidence and motivation to act, through various means, including classroom education, one-on-one counseling and coaching, technology-based interventions, and self-study. A key desired outcome for financial education is sustained financial well-being, in which people can fully meet current and ongoing financial obligations, can feel secure in their financial future, and are able to make choices that allow enjoyment of life.” In the document, they call for state, tribal, and local governments, the private sector, local service providers and community organizations to work and participate together to teach and spread financial literacy to the people they serve and work for in their corner of society. The Wealthy You! DEFENSE & OFFENSE operate within the private sector. The government wants you to be smart with money and to be wealthy.

Doing your part to win the war on poverty helps not only you, your family, and your community, but it directly and indirectly helps other people from around the world. You become a member of the world’s production instead of being a sole-consumer. Whatever you produce through self-interests, other people in societies around the world will be interested in your production because it is helpful and productive for their life. Those people will merely trade in their own money for your production (OFFENSE), that money goes into your pocket or bank account, you can then use some of that money to trade in for food, energy, home and other things you need, and then through proper financial literacy (DEFENSE) you will be able to build The Wealthy You!.

Imagine going on the OFFENSE to produce a product the whole world will consume and utilize (McDonalds, Apple, Google, Twitter, Ford, Coca-Cola, and any other company that can be found around the world). These companies produce a product for people around the world that are willing to trade in their money for these companies products or services (money is a means of exchange or sharing). Think about humans and what humans need to survive, thrive and live and everything that orbits humans (pets, luxuries, entertainment, wants, etc…). In America (and other democracies with a human-capital means of production) you do not need the state’s permission to produce for the world. You just need to file with the secretary of state in whichever state you plan on operating from and then it becomes your responsibility to figure out how to produce your product or service (factory or farm), distribution of your product and the continued sales of your product. Of course there are a lot of nuances to doing this, but that is a part of the fun in producing for the world and building The Wealthy You!.

Next week on The Wealthy You! – OFFENSE; poverty is a lack of resources and wealth is an abundance of resources.

Become The Wealthy You!

Click to access US-National-Strategy-Financial-Literacy-2020.pdf

The Wealthy You! – OFFENSE. Introduction to OFFENSE.

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This week on The Wealthy You!; Introduction to OFFENSE.

The Wealthy You! – DEFENSE is about keeping a portion of your earnings regardless of what your work, job or income is (financial literacy). The Wealthy You! – OFFENSE is about getting more and earning more, this happens by producing more for society. The Offense is taking the initiative, taking ownership of a worthwhile goal, getting more points than your competition and establishing your own income. It is about going from achievement to achievement and accomplishment to accomplishment instead of going from paycheck to paycheck. This is making decisions and leading by example every day. Stress test all ideas that come to your mind. This can include building a billion-dollar business from plants or other simple items like coffee. You will have to figure out how to remove all impediments to success, but that only comes after you make the decision of what success looks like. And that is the key, define what success looks like and then pursue it relentlessly every day with the limited time that you have. That is the OFFENSE. Remove all impediments to success when they become obvious (the human mind will figure out how to do that) and make the decisions that bring you closer to your vision of success. Don’t wait for someone to tell you what to do, this is your life and vision, start right now.

After you establish what your success looks like and you have started the journey in pursuing your success, you will come to a point where the pursuit of your success and vision will consume all of your time in which you won’t have any time to actually have a job and work for a paycheck. You will then have to make the decision of pursuing your success or receiving a paycheck. At the very beginning, the pursuit of your dreams may not pay as much financially as a job (which is why people hold on to them), but jobs never give you the opportunity to go on the OFFENSE in pursuing your dreams, visions and success and becoming The Wealthy You!. In the long run, going on the OFFENSE will pay far more than most jobs ever could.

The wealth that is being mentioned is about production instead of money. Money isn’t backed up by anything of significant value (full faith and credit of the government) and can be bought in every store in America (really around the world), it is the most abundant resource in the Universe. Credit cards, mortgages and loans of all types are examples of buying money. You buy credit (money) from someone else and then pay them back with interest over time. Production is about producing a product or service that can be beneficial for people in society. The things you produce orbit around human beings because they are used by humans. The time you spend producing those things cannot be bought or purchased at a store. Knowing that you have ownership of an asset that can’t be bought anywhere on Earth, which is your time, how much would you value your time? If the value you place on your time is in the millions or billions range, then you may want to consider selling a product or service that you produce instead of selling your time by the hour. That is going on the OFFENSE.

The Wealthy You! – OFFENSE is you taking ownership of your time, energy, thoughts, skills and abilities and using them in pursuits of success and sharing it with the world. The pursuit of self-interests is not selfish, it is selfless. Doing absolutely nothing for society and other people is selfish; do nothing for society, then society will give you nothing. Produce for society through your self-interests then you will find that you have access to all that society produces from others and their pursuits of self-interests. This program touches on the basis of economics.

Next week on The Wealthy You! – OFFENSE; Building wealth for you, your family, and your community is doing your part to win the war against poverty.

Become The Wealthy You!

The Wealthy You! – DEFENSE. It is all mental.

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This week on The Wealthy You!; It is all mental.

What is mental? Literally everything in human society. All the physical items, tools, gadgets and other things that you touch everyday stems from a human mind, or a collection of them. Even the rocks, grasses and trees. Humans have created materials that can look like rock and act like rock. Humans can even manipulate rocks found in nature to have a productive use. There are so many grasses, trees and other plants that have been genetically modified to perform an act that humans want those plants to do. Grow bigger crop; produce vibrant colors; have thorn less varieties on plants that have thorns in nature, etc. Each of those plants have been created in a lab-of-sorts that is used to create specific traits in plants. They patent each of those plants with the breeders having specific rights that grant them exclusive control over propagation. Even money is a product of man, created by man in man’s own image. Money is one of the most abundant resources in the Universe and it will literally do what you want it to do. It will buy you the things you need in life, while also giving you the ability to create a product that you can return and provide to society and your community. But it starts with you mentally making the decisions first, to create a very specific reality. Money. Patents. Rights. Exclusive control. Artificial propagation. Billion-dollar businesses. Wealth. Poverty. War. Peace. Capitalism. Socialism. Nations. Borders. Religions. Communism. Freedom. Laws. Stresses. Worries. Depression. Names. Houses. Cars. Planes. Transportation. Defense. Offense. Recipes. Books. Movies. Songs. Betrayal. Loyalty. Just to name a few but these are all physical manifestations of the human mind. If humans weren’t around to recognize any of these thoughts and ideas in a physical form, would they still exist?

Have you ever heard anyone in your life or community say something similar to these statements: ‘I am a realist.’ ‘I live in reality.’ ‘Come back down to Earth and reality.’ ‘Be in the present moment.’ ‘Reality is what I see, feel, hear, touch and taste.’ The problem with all of these statements is that they undercut the value and undermine the creative ability of the human mind to physically create realities. Humans are the only thing in the entire Universe with such an immense ability. Take advantage of that ability and stress test it to create the reality that you want for you and your life. Be as specific as possible though and avoid being generic and vague. Down to the color, shape, feel, sounds and taste. When you do this every day, when you specifically create your reality in your mind every day, you will soon find yourself living a physical life with all those things you first created in your mind. And it will become a daily thing for you, with your mind in complete control of your life and the destination it is heading towards. Make the mental decision to establish a worthwhile goal, something you can pursue every day in your life. That is why I keep mentioning billion-dollar businesses. The daily construction of an organization that provides a product or service to as many people as possible is a worthwhile goal, and it’s your decision. If you don’t know what kind of goal to establish, providing a product or service to just a handful of customers in your community is a great place to start. Building upon that everyday could be one of the most enjoyable things you could imagine doing in your life.

It is all in your head, the power and strength to pursue worthy dreams and goals, and the restraints and insecurities that lead to thoughts of doubt. Filling your mind with thoughts of doubt will make yourself quit at pursuing your dreams and goals long before competition, family, friends and society will make you quit. That is your mind creating a reality that is counterproductive. Money and financial literacy is mental, it can make you a billionaire or make you homeless. What is your decision?

Next week on The Wealthy You!; we will begin the OFFENSE portion of this program.

Become The Wealthy You!

The Wealthy You! – DEFENSE. Making or not making decisions.

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This week on The Wealthy You!; Making or not making decisions.

Making decisions. Your entire life is a collection of decisions, both good and bad. The decisions you make build your life and bring you to where you are currently. If you don’t like where you are at currently in life, then change your criteria for making decisions in your life. If you don’t have criteria established to help make decisions, then make the decision to establish criteria that will help you make those decisions. Don’t let others make the majority of decisions for you, make a habit of making those decisions yourself. Once you get in the habit of making decisions, you will find yourself making those decisions every day, decisions that will lead your life and your body to where you want to be. If you don’t know where you want to be, then make the decision to go somewhere with your life and body. Both your life, body and time are yours, not the governments, not your job or organization you work for, not your families, not your friends, nor the strangers you see everyday. It is yours and it is your responsibility to make those decisions. Every day.

When it comes to building The Wealthy You, start with making the decisions around your income. Where you establish your income is your decision. What I mean by ‘where you establish your income’ is that your income is determined by you. You might be getting paid a set amount by your job, but it is established by your employer. The employer has made the decision to determine that the job you are fulfilling for them is worth however much the employer is willing to pay people in that position. It was your decision to accept that job. If you desire more financial resources, then make the decision to find money outside your job. You must make the decision and determine how much you believe you are worth. The higher the number you decide upon, the less likely you will desire a job from someone else. The wealthiest people in the world do not work for a paycheck from someone else or from a single job. They work to establish as many sources of income as possible. They also make the decision to put money to work for them 24/7. Money will do this for you because money doesn’t have a physical body to take care of and maintain; money doesn’t have family that it wants to spend time with; money doesn’t need to sleep or eat or clean itself; and money is perfectly content working day and night for you. It will even find more money for you to put to work for you. Money is one of the most abundant resources in the entire Universe. Take advantage of money working for you, or else you will get the feeling that it will take advantage of you. All of that is your decision to make.

Most people who have and maintain a job with an employer tend to only have that one source of income available to them in their life. Becoming The Wealthy You! inherently means not being dependent upon a single source of income. If you have one source of income from a job and employer and that employer cuts back on production or closes shop and eliminates your job, you will experience and have to endure a major financial repercussion in your financial life. But if you spend your time and make the decision to acquire as many sources of income in addition to your job, then if your employer cuts back on production or closes shop, then the financial repercussions you experience will be minimized and the pain reduced. Where one income stops, another can and will grow exponentially. But you must make the decision to have as many sources of income as possible. Be creative with it and produce for others. Others will trade in their money for your production.

In addition to establishing and acquiring as many sources of income as possible, you must make the decision and determine how much you are worth in financial terms. Whatever number you decide upon, focus on that number every day. The human mind creates more of whatever it focuses on. If you focus on the number that you are worth every day, then your mind will create the reality that you are worth the amount that you made the decision on. The higher the better. This program is called The Wealthy You!, not The Poverty You!. Make it a habit and make those decision every day.

Next week on The Wealthy You!; it is all mental.

Become The Wealthy You!

The Wealthy You! – DEFENSE. Acquisition of defensive-minded assets.

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This week on The Wealthy You!; Acquisition of defensive-minded assets.

Generally speaking in the world of financial literacy, there is a concept of assets and liabilities. Assets are things that puts money in your pocket or bank account and liabilities are things that take money out of your pocket or bank account. Both are very important and both are needed in ones life. However, acquiring too many liabilities can risk putting poverty in your life. And having just assets with no or little liabilities can lower ones quality of life as well. For example, a household of four, husband and wife with two kids. The husband and wife both work and bring an income for the household, so they become assets for the household. With that income they pay the mortgage and the other bills, buy food and purchase all the things their children would need for school and other pursuits. The money begins to disappear as soon as they earn it. The things that make your money disappear are liabilities, but it isn’t a waste of money because you get something in exchange for it (money is a medium of exchange). Think about heat in the winter, AC in the summer, transportation to get to work, school, the store and anywhere else you want to go. Vacations. Entertainment. They all take money out of your bank account, that is what liabilities do, but you get to enjoy life. All of that would be impossible though without you first becoming a valuable asset for your household. The purpose of this post is to talk about defensive-minded assets.

Defensive-minded assets will help protect your household from your money being eroded by inflation and by getting you in the habit of paying yourself first before you pay your other bills, at least 10%. Defense means using the income you get from a single job to become wealthier and more valuable (Offense will be going from a single income from a job to building and owning your own billion dollar business). This means paying on a mortgage and owning a home versus paying rent for an apartment. After 20 years of paying a mortgage, you get some money back when you sell. Renting the same place for 20 years will get you nothing when the lease ends and you move out. Not even a security deposit, typically. Wealth is about the ownership of assets, when you rent you own nothing. Renting has a purpose for transient folks who plan on moving about every 1-3 or 4 years. Home ownership is more of a long-term play and strategy.

For those who do rent an apartment, the purchase of stocks, bonds, gold and other assets that appreciate over time can be more appropriate. Stocks tend to rise when interest rates are low. As interest rates rise, stocks tend to not rise as much. Interest rates are raised to help fight inflation. The higher inflation goes, the higher the interest rates will need to be. U.S. Treasuries (bonds) are viewed as some of the safest assets in the world. When there is a crisis somewhere in the world or an economic crash of some sorts, people flock to U.S. Treasuries. They are notoriously stable, with minimal wild swings in its price. Purchasing U.S. Treasuries alone, as a way to pay you first with every paycheck, can be a decent strategy for The Wealthy You!-DEFENSE. They also pay a dividend each month, the more bonds you own the higher the dividend. Stocks can be similar, but tends to lean more towards The Wealthy You!-Offense, they follow a completely different road. Speak with a financial advisor to learn more.

Gold and real estate are other defensive-minded assets. There is a website called www.jmbullion.com, where you can purchase gold, silver, platinum and other types of metals. You can get coins and bars from around the world, gold notes, and jewelry. There are gold currency notes that contain 1/1000th to 1/20th Troy oz of pure gold that start at about $3.50 and goes to about $175. And they have 1 oz gold bars that are $2,000. The price of gold is always changing, which means the price of their gold is always changing. Check often and maybe you might find something interesting. Purchasing gold jewelry from a local jewelry store is another way of acquiring gold. Owning real estate instead of paying rent is another strategy of The Wealthy You!-DEFENSE. A portion of each payment you make goes to your house, which you own. That doesn’t happen with renting.

Having your own place to live and rest your head each night, purchasing bonds or U.S. Treasuries, and purchasing gold and other metals, combined with each of your paychecks will help protect your money and wealth from inflation. Getting in the habit of doing this before starting your The Wealthy You!-OFFENSE will allow you to collect billions of dollars’ worth of gold, bonds, stocks, and real estate once your offense does begin.

Next week on The Wealthy You!; making or not making decisions.

Become The Wealthy You!

The Wealthy You! – DEFENSE. Inflation Protection

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This week on The Wealthy You!; Inflation protection.

Inflation protection on The Wealthy You! consists of both a defensive and an offensive component. In this segment we will cover the defensive side of protecting yourself from inflation. The offensive side of inflation protection will be covered once we begin the OFFENSE.

According to investopedia.com, money supply is the root of inflation. “An increase in the supply of money is the root of inflation, though this can play out through different mechanisms in the economy.” To keep things simple, the more money that is available to be had by people and citizens in a country, the more they will raise their prices on their products and services to capture more of it. This increase supply of money and the rising prices for products and goods causes the value of the dollar or the currency to drop. The more abundant something is, the lower its value. One American dollar is worth one American dollar in the American economy, there is almost nothing for sale for $1.00 or less in the stores in America today. If you can find something for sale at that price then you are looking at some cheap, mass produced item that is sold everywhere. 100 years ago, the dollar was worth more and could purchase more goods for you and your family, but there were far fewer dollars available 100 years ago. The more the dollar, or whichever currency that is being used, can purchase for you, the stronger the dollar or that currency is. The less it can purchase, the weaker it is.

Inflation can do some funny things like create a nation full of starving-billionaires and create novelty items out of their currency. It is extreme and rare, but it does happen. Hyperinflation is the cause of the starving-billionaires and novelty currency but it rains down destruction on the nation that is experiencing hyperinflation. It helped topple The Weimar Republic in Germany before Hitler and the Nazis rose to power, wheelbarrows full of cash was worth less than the wheelbarrow itself; Hungary experienced it after World War 2 when prices doubled every 15 hours, eventually becoming a part of the Soviet Union; in 1993, prices rose in the Federal Republic of Yugoslavia by 116.5 thousand billion percent, Yugoslavia no longer exists; Zimbabwe printed a $100 trillion Zimbabwean Dollar bill, it failed to purchase a single loaf of bread (starving billionaires), one American dollar was worth more than $100 trillion Zimbabwean dollars. And Venezuela is currently experiencing it as well.

When it comes to protecting yourself from inflation, the idea is to acquire things or assets that rises in value each year as the currency falls in value. When the currency falls, it requires more money to purchase the asset that you own or desire to purchase. In other words, it will take more money to purchase that piece of property you have been eyeing next year than it will need to purchase that same piece of property this year. Once you own that piece of property, it will rise in value each year in response to the inflation rate and you get to keep or own that value which helps protect you from inflation.

Keeping all your money as cash in the bank puts you at the biggest risk and exposure of inflation. Most bank accounts have an interest rate less than one percent but inflation has been 2-3%, money is losing value at a quicker pace than it is gaining value to offset the losses of keeping money in the bank. Keep emergency cash and your daily/monthly spending money in your bank, all excess should be converted to assets that rise in value over time, like real estate, stocks and gold. With DEFENSE, it is about keeping what you earn; purchasing real estate for a house to live in long-term and own will better protect you from inflation versus renting. Rent prices go up each year because there is more money to be had and limited supply of rental stock available. Once you start renting, you will be paying more to continue renting each year just to live there, that is exposure to inflation if your income can’t keep up with rent increases each year. If you borrow a set amount to purchase a home to live in long-term, the amount will be broken down into monthly payments for X amount of years. The payment wont change, but the taxes you pay might go up each year because the value of the home you own rose in value, even if the tax rate stayed the same it is being applied to an asset that is worth more than the year prior, that helps protect from inflation.

On August 15, 1971, Richard Nixon signed into law that removed the gold standard from backing up the U.S. dollar. This effectively created a currency without any legitimate and inherent value backing up the value of the currency, money became a fiat currency and money supply inflated immediately and rapidly shortly after signing that bill into law. When you walk into a bank or credit union you may see a sign or placard that states the deposit is backed and guaranteed by the Full Faith and Credit of the United States Government. That is the government saying your money will be safe because they say so, although there isn’t anything of significant value or that rises in value stored away to protect the value that exists in the currency. Since August 12, 1971, gold has increased from $40.95/ounce to $1,900.10/ounce on February 22, 2022, according to gold.org who started recording gold prices in January of 1970. That is an increase of 46X. In 1971, one US dollar could purchase $6.69 worth of goods in 2021. That is an inflation rate close to 600% or approximately 6X less valuable today than in 1971.

People and society tend to want more over time, converting your dollars into gold and other inflation-protection minded assets will give you more overtime than keeping your money as cash in the bank. Inflation is a very confusing topic and I only covered it briefly with this blog post. If you desire to learn more, then read books on the topic and look up information on the internet. It really is a fascinating topic to learn more about.

Next Week on The Wealthy You!; acquisition of defensive-minded assets

Become The Wealthy You!

https://www.investopedia.com/terms/i/inflation.asp

Click to access annual11b.pdf

https://www.researchgate.net/publication/338538318_Hyperinflation_in_Yugoslavia_An_Example_in_Monetary_History

https://www.gold.org/goldhub/data/gold-prices

https://www.inflationtool.com/us-dollar/1971-to-present-value

The Wealthy You! – DEFENSE

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This week on The Wealthy You; the importance of emergency cash.

Life happens and, for the most part, it is the most exhilarating journey you will experience while on Earth. I have heard some people refer to life as a “holiday on Earth”. Everyone’s life is different and each individual will perceive life in an individual way or manner. But one thing that is expected with your journey of life are emergencies. We all have them and they will make themselves obvious in your life at the most random and inopportune times. They will be stressful and they have the potential to drastically alter your life completely. Being able to handle those emergencies from a financial perspective will eliminate one pain that will be experienced during emergencies. Because feeling the pain of not being able to afford the emergency from a financial perspective and the pain of what the emergency manifests as will make the pain more painful and seem to last longer. Not having the proper financial resources during an emergency will make you pay for that emergency over the long-haul, stretching it into the future and making the pain last for as long as you are paying it down if credit or debt was used to pay for the emergency. That pain can be eliminated if you keep cash in a savings account that is strictly used for covering those emergencies.

Because everyone are individuals, we all go about building our emergency savings in a different capacity. Some may even call it something different than ’emergency savings’. I have heard of ‘oh shit accounts’, ’emergency money’, ‘disaster cash’, and ‘a place where I keep money only for when my world is cracked open like an egg’. But they are utilized in a very similar manner, regardless of what you call it, it is money that is available for you to use if legitimate emergencies occurs in your life.

All financial literacy experts, financial advisors, money managers, personal money motivators, money teachers and anyone else that works with personal finances agree that emergency cash is an essential part of smart money in your life. It is IMPOSSIBLE to become The Wealthy You! without an adequate amount cash set aside for emergencies. Those experts will recommend different strategies like; $1000 minimum in savings (Dave Ramsey), 3-6 months of expenses in savings, 3-6 months of income in savings, or even a years’ worth of income set aside. If you have a spouse and children but you are the only one working because your income can support the whole family, then you may want to lean closer to a full years’ worth of income set aside (emergencies hover around and are based on people. The more people in a household, the more likely an emergency will happen than two people in a household). But on the other hand, you are married with zero children and both you and your spouse work and have side gigs so that the two of you each have two or more sources of income, then having 3-6 months of expenses may be more suitable for your situation (less people and expenses in the household but more fluid cash flows through the household).

Everyone’s situation is different, so it is of the utmost importance to take accountability of your current emergency cash situation and take ownership of your emergency money. Formulate a plan that works best for your household and concentrate and focus your full attention on achieving and fulfilling that mission. The human mind creates more of whatever it focuses on. The more you focus on stresses in your life, the more your life will be stressed out. The more you focus on wealth, the more your mind will find opportunities to build, create and produce wealth. The more you focus on building your emergency cash pile or collection, the more you will build upon it every day until you are finished. Then you move onto the next mission to focus your mind on, such as becoming The Wealthy You!. Make it a habit and do it every day.

Next week on The Wealthy You!; inflation protection.

Become The Wealthy You!

The Wealthy You! – DEFENSE

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This week on The Wealthy You; making it a habit.

Make what a habit? The things that you want to keep in your life, every day. Make a habit of kissing your spouse every day; make a habit of cleaning yourself and the parts of the world you occupy every day; make winning and building wealth a habit. Habits are something you practice or carryout every day and that is hard to give up. This can also include negative or bad habits such as smoking, drinking too much alcohol, driving faster than necessary, reacting emotionally or something else that you have identified as a potential bad habit in your own life. Habits can be a driving force in your life, they help build your daily life and routine and will also make people associate you with your certain habits, whether those are good or bad habits.

I personally had the habit of smoking cigarettes every day, about a pack a day. I smoked so frequently during the day that when I was around my co-workers they all knew that they risk smoking more than they usually do during the day because cigarettes are social and I was such a heavy smoker. I maintained that habit for about 9 years. Until I figured out how to break that bad habit, cigarettes controlled my life, the place I would spend my time, the amount of money I had to spend just to keep them around me, the scent of my clothes and car and my breath. It was a habit that I generally considered to be a bad habit that controlled my life. That is a common example of bad habits. But good and productive habits can be formed in your life too.

An example of a good habit can be winning. Have you ever noticed that people who win tend to continue winning at life. You can’t win everything all the time in life, but these winners go from endeavor to endeavor and keep winning like it is a part of their life and that it is hard to give up. They don’t know what losing is because they keep winning. They ingrain it into their life from a very young age, that is when their winning ways begins. And starting at a young age means starting small too. The first wins they experience in life are easy wins; wins that are easy to achieve, accomplish and accumulate. And with each win the next challenge becomes more challenging and more challenging, then over the course of as little as 5 years, wins start to become obvious and a routine, habitual part of your life. Imagine 50+ years of winning in your lifetime. This can include building wealth, a billion-dollar business, maybe multiple billion-dollar businesses (if you spend your life building a system that provides a product or service to as many people as possible and this has in-turn made you a billionaire whom owns a business that is worth billions, makes you a winner. When this happens, then you are sharing it with the world and you will have made winning an habitual process that you exercise every day.) Elon Musk owns Tesla, SpaceX, The Boring Company, and possibly others, these are his products that he works on every day in which he intends to share with the world and he hires others to help him share those things with the world (he is just one example but similar examples exist everywhere). If he didn’t want to share Tesla cars with the world then he wouldn’t be selling them to the public at large.

Becoming The Wealthy You! and winning will become much easier once you establish them as habits that you practice every day. On the defensive side of building The Wealthy You! means getting into the habit of paying yourself first and foremost with every dollar that you are able to put your hands on. The absolute minimum is 10% of your income should be paid to yourself first. Because without you, absolutely nothing will ever get done in your life. Another way of saying this is, you are your greatest asset in life. Assets are things you want to acquire in becoming The Wealthy You! and to continue to feed and add too. Getting in the habit of doing this everyday will also help make winning a habit in your life. Even if you have just one source of income from a job that you go to everyday, get in the habit of paying yourself 10% first before your other bills.

Get in the habit of paying yourself first. Get in the habit of building The Wealthy You!. Get in the habit of winning. And get in the habit of collecting assets, wealth and value. Every day. You may discover that it could be one of the most entertaining and enjoyable things you do in life. And you get to do it every day, unlike vacations which always end after a short period of time.

Next week on The Wealthy You!; the importance of emergency cash.

Become The Wealthy You!

The Wealthy You! – DEFENSE

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This week on The Wealthy You; being a collector of wealth, but not all the money you earn is yours.

Despite having an income that is 100%, that is you take home every dollar that is owed to you from your work, not all the money you earn will be yours to keep. Because you have a house or apartment that you pay a mortgage or rent to live in, the mortgage lender or your landlord will be having conversations with you if you don’t pay them. Same thing for transportation costs, and car loans.  They expect to be paid for giving you their service and that is when your income starts to be divided, paying your bills for those companies service (money is a means of exchange). We all want to live in a structure to be protected from the elements and have a place to eat and sleep every day. We want lights and heat in the winter and cool air in the summer. We want entertainment. We want and need all kinds of things for us to not suffer in life. We afford these things by going to work or a job and providing a product or service for people who could benefit from those products or services. We are rewarded by our customers when they make a purchase.  In a simple example; customers purchase a product or service from you or the company you work for, this puts money in your hands and pockets or the company you work for hands and pockets (then you get paid), then you collect for yourself first from that money that the customers paid you, then the rest of that money goes to paying your bills. The rest of that money is the money that is earned by you but isn’t yours. The money that you keep for yourself or pay yourself first and foremost is the money that is yours to keep forever. The rest will go to paying your bills so that you do have a place to live, sleep and eat every day and anything else you want to exchange the rest of your money in for.

Paying yourself first is the most important thing you will do financially in your life. You are your most important bill and your greatest asset. Without you, nothing in your life will ever get done. Reward yourself first for the things you do get done in life. Then use the rest of what you earn for your lifestyle. The greater your service is to society (provide them with something that is useful and beneficial), the larger your financial rewards will be. And the greater your financial rewards are, the more you should be paying yourself.

What could help is viewing yourself as a collector of wealth and value. Collectors, by their inherent nature, do not get rid of the things they collect.  They usually put it on display and put a tremendous amount of time, energy and work to making it look nice and keeping it nice.  Whether it is done for the public to view or just their family and friends to look at is a mute-point.  The point is they acquire what is collected and keep it from being eroded, lost, stolen or taken away in some form.  You can do the same thing with money, wealth and value.  Don’t save money; collect money and wealth.  Put your name on it and take ownership of it and collect it throughout your entire life.  Saving money sounds boring, but collecting wealth is exciting and fun and is something you can do literally every day of your life. 

Next week; make it a habit.

Become The Wealthy You!

The Wealthy You! – DEFENSE

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The concept behind defense, in regards to financial literacy, is instead of preventing the other team from getting more points on your basket or goal, but to KEEP what you earn. Your opponent is previous versions of yourself. Can you earn more while keeping what you earn? Let’s start with income.

We all do different things for income, but we all have income. It is in different amounts based on what you do with your time. Financial literacy is the same for everyone regardless if you are an individual, household, small business or a giant corporation, and where you live. Your income should match or exceed the cost-of-living expenses for where you live. Generally speaking, the more specialized your labor is, and your ability to do things few other people can do, your income will be higher. Likewise, if you are being paid to do something that is easy to train the vast majority of people to do, your income will be on the lower side.

If you spend 20 years going to school to become a neurosurgeon, learning everything there is to know about the human brain and how to perform lifesaving surgery for patients will pay you magnitudes more than learning how to be a janitor or a taxicab driver. It takes mere hours to learn the ropes of being a janitor or a taxicab driver, but it literally takes years to become a neurosurgeon.

As you start to earn more money, your expenses typically follows. A bigger paycheck will lead to a bigger house and maybe house payment, a bigger car and car payment, maybe additional cars. The house will have to be filled up with things so it isn’t empty, and the cars will need to be driven (why pay for something if you aren’t going to use it?) No point in purchasing more cars just to have them collect dust in your garage and only be driven once a year. But you’re still paying for it being there every month.

That isn’t keeping your income. That is giving it to others in exchange for their product, service or thing. That is the exchanging part of money. What is being alluded to here is the collection of your money, by you, so that you can keep some of all the money that flows through your hands throughout your life. This is usually achieved by managing your income on a percentage basis. Of course your house or rent payment will be a set amount, your car payments will be a set amount and everything else you purchase will be a set amount, but the amount you pay yourself will be set by a percentage. In a perfect world, the steps taken should look like this:

  • Income received (whatever you set your income at).
  • Pay yourself first and foremost at least 10% (regardless of your other bills, you as an individual is your most important bill to pay. Pay yourself first). This money can be deposited into any account that you like. One with a higher interest rate or an account that allows you to invest it and put it to work for you 24/7 is the ideal type of account (Robinhood, Acorns, Stash, high-yield savings).
  • After paying yourself at least 10% (nothing wrong with a higher percentage, 10% should be the minimum). Fund any kind of retirement accounts that you are maintaining and funding yourself, such as IRA’s and small business retirement benefits. 401K’s are funded by your employer and the money never sees your personal checking account, the money goes straight into your 401K that is being maintained by your employer and whatever financial services company they are working with. Since this is money that you don’t put your hands on until retirement, it shouldn’t be included in your budget for your regular take-home pay. Take advantage of all the 401K benefits your employer offers, because it is additional pay and value that you get to take ownership of once you hit retirement age years. This is one part building wealth and keeping it, the defense. Acquiring additional money to work for you in addition to your regular income.
  • Structure the size of your bills that will best allow you to pay yourself first. Meaning, don’t not pay yourself first because you have a massive house payment to pay or car payment obligation. If you find yourself in that situation, then a reduction in bills or an upgrade in your income is needed to right the ship and get back to building A Wealthy You.
  • A generic structure that has been useful is;
  • Income
  • Pay yourself 10%
  • Fund retirements. The rest is treated as 100% of a pie is left. No one has eaten from it yet.
  • 30-40% housing expenses (mortgage payment, insurance, anything associated with your home).
  • 10-20% transportation expenses (debt payment, insurance, oil, car repairs and maintenance).
  • 10% utilities (gas, electricity, internet).
  • 30-40% for food and groceries.
  • 0-10% for wants, luxuries and giving’s
  • 0-10% for credit card and debt expenses (not house or car payment).

These are all ranges those respective expenses should be in relation to your income. I realize it doesn’t exactly add up to 100% in this example, but your income is 100% and those percentages offer a window or wiggle room for you to adjust to your income. Maybe you live in an expensive city and your rent or mortgage is higher, but you can afford this by dropping transportation costs by not having your own car and just using public transportation. No car payments, insurance, gas, and maintenance gives your house fund a bigger percentage of your income. Same thing with food, do you eat a lot or eat out a lot? Do you eat just the right amount but eat whatever you can grow and spend very little money at grocery stores? Those are different shaped windows for structuring the size of your bills.

The main theme I am trying to nail home here is to PAY YOURSELF FIRST before you pay others so that you can KEEP what you earn your entire working life. This is the DEFENSE of Becoming The Wealthy You.

Next week, it is irrelevant how much you earn.

Become The Wealthy You

The Wealthy Bonsai!

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One goal I aim to achieve with this blog is to talk about wealth and what it truly is. Why would it be desirable for someone? How is it attained? What is the point of wealth? What is the alternative? And, are wealth and money the same thing? I am trying to have my readers adopt an abundant mindset that they can apply in their lives how they see fit.

Merriam-Webster defines wealth as; the abundance of valuable material possessions or resources. And money is defined as; something generally accepted as a medium of exchange, a measure of value, or a means of payment. Money and wealth are not the exact same thing. Money is a financial resource that can be used to build wealth, as is a collection of land, businesses, cars and other show vehicles, and…bonsai trees. If you are going to start collecting something, might as well collect it in abundance, and surely these possessions are of value to you as an individual who is collecting those things. So, wealth is just an abundance of things that you enjoy in your life, if you find something that you enjoy, surround yourself with that. It can bring an infinite number of smiles to your face everyday.

So why would wealth be desirable for someone? Outside of the abundance of valuable possessions or resources it can bring someone, someone must first have the desire to have that wealth. It doesn’t come from the natural world, it is a product of man, coming from their mind. Man, using the best thinker in the universe, our brain, must come up with our own unique and individual way to build wealth. This has the tendency of developing unique and raw talents that is different from person to person that society is willing to pay for. LeBron James might just be putting a ball in a basket, but there are millions of people across the world who are willing to trade in their money just to watch LeBron put that ball in the basket every other night during the season. All those people trading in their money to watch his talent adds up to millions of dollars each year. They do it because LeBron puts the ball in the basket in a way that is different from everybody else that came before him. This is emulated by different athletes and other successful individuals in their respective line of work. Wealth is also about not having to be dependent upon one source of income in your life. If, for whatever reason, you have one income and it ends for some unseen event, you run the risk of starving and going homeless. But if you use your time to acquire as many sources of income as possible, then the loss of one source of income is far less detrimental financially. It is also about putting financial resources to work for you, in addition to whatever income you may have from a job or work. LeBron works for his contract in the NBA but has sponsorship deals with numerous other companies that use his likeness and he gets compensated for it because there are people out there who want his products. That is financial resources working for him that comes into him on a passive basis. His NBA contract is his active income he works for everyday.

For example, I collect trees. And since trees are easier to move around when they are kept small and in pots, I keep my trees in pots; bonsai trees. My collection is fairly small and young right now, but all wealth starts off small and young in life. Then it grows into giant, wealthy trees, literally everyday. Same way that wealth grows, everyday. As my collection starts to age and mature and my collection itself grows numerous in size, I have distant plans to start a sort of bonsai nursery/museum. And I’ve daydreamed about having a wine tasting service at the nursery/museum. You can taste world-class wines while viewing The Wealthy Bonsai trees. And learn how to have wealth for you and your family.

The point of wealth is more viewed as an award for your work, after your work is done. That is why there is more wealth in older people than younger people, typically. Like receiving a paycheck after the desired work has been done, wealth is received after desired goods, products, service or entertainment has been delivered or produced. LeBron started getting paid AFTER he started putting the ball in the basket NOT BEFORE putting the ball in the basket. The more goods, products, service or entertainment that you can produce and share with as many people as possible around the world is wealth. You doing your thing in abundance for as many people as possible, so then there are as many people as possible trading in their money for your thing. But only after you start doing your thing. The alternative to wealth; you not doing your thing and not sharing it for you, your family, or anyone else in the world and not having anyone trade in their money for your thing. That is called poverty, it is a lack of resources and it will make you piss, shit and starve in the streets. That is why wealth is desirable for you as an individual. And not poverty.