For some reason, some people work hard, struggle, but they just can not get rich. So where are these people doing wrong?
When it comes to wealth, if people were more interested in the question “Why”, the title of this article might be “why do we want to be rich?” but I think the question of how is it more relevant to us. Of course, the reasons why people want to get rich today are obvious, but there are very few people who can find answers.
For some reason, some people work hard, struggle, but they just can not get rich.
At this point, I think of the saying, “God gives to those who want knowledge, to those who want the money.” Leaving aside the metaphysical dimension of the event, if we want to understand wealth in a material sense, we must first understand capitalism correctly. Billions of people crushed between the wheels of capitalism and a group of minorities who managed to run that wheel for themselves…
Robert Kiyosaki, an American money man and writer who managed to run this wheel in his favor, explained in his book “Rich Father, Poor Father” how a group of minorities got rich. The book gives us the codes to being rich.
Today’s capitalist system is built on the cycle of work – win – spend. Kiyosaki says in the book that this is the most fundamental dynamic difference between the poor and the rich. Poor and middle-income people work to make money, while the rich have money to work for themselves. So how do we make the money work for ourselves?
Money works for us, it means we do things that don’t require our existence. So work – win – spend means that we get out of the spend cycle. Even if a CEO does not go to work for three days for no reason, he’ll be fired. The CEO’s monthly income may be 20 times higher than any employee, but even that CEO actually has to work for his obligations. Because his standards have risen and his obligations have increased as his position has risen.
So where are these people doing wrong?
It is very easy to tell whether anything is an asset or an obligation. If that thing makes you money, it’s an asset, and if it makes you spend money, it’s an obligation. A lot of what we think we have is actually an obligation, not an asset to us. If the car you are driving does not make you money, on the contrary, if you spend money on its expenses, that car is not an asset to you, but an obligation.
You only go to your summer house on the south coast for two months a year, but if you pay dues for 12 months, that cottage is your obligation, not yours. What makes you money is your presence. When what you have makes you money, that’s when they become beings. For example, if you rent your summer house or have one or even two apartments that you can rent all year instead of buying a summer house, those apartments will become an asset for you and you can holiday anywhere in the summer with the money you earn from it.
And you don’t always have to go to the same place. Because you don’t have a cottage that’s idle and makes you spend money all the time, you’ve got a liquid asset like money. Every year you can go to another holiday destination. So the secret to getting rich is increasing assets. Especially if you turn these assets into passive income, which means that you can make money without the need for your existence, you will start to run capitalism entirely for yourself. Your assets continue to make money for you while you travel the world.
Sometimes we see talk about artists investing in TV magazine shows. Some artists have turned to passive incomes such as houses, land. .. Some of the artists actively take on jobs such as restaurant management and factoring, and after a while they either hand over or screw up the work they can not do. We will even see some of them go to jail for unpaid checks. While they are in prison, artists who evaluate their earnings in passive income-generating assets continue to add wealth to their wealth. And without any work!
How do we get rich?
Let’s go back to our example of CEO… As long as our CEO continues to work for his obligations, he will not be able to escape being a slave to the system. Children’s school payments, the payment of the house and summer house, the payment of the gym, the loan debts received, etc. are all strong enough reasons for us to run in the wheel. No matter how much we earn, the system automatically increases the obligations and we have to run harder. Each new level of income brings with it a new standard of living. Moreover, society pushes you out of the system when you do not live up to that level of income.
For example, no boss or even employee can accept a general manager living in a slum today, and as long as he continues to do so, he will somehow be isolated from society and may eventually lose his current job, considering that he does not deserve that income.
In fact, that’s the way it is for all of us. As soon as our income level goes up a little bit, the first thing we do is we get into a new cell phone installment, and as our income increases, it can go as far as renovating cars, buying yachts, or even going into space.
As long as we continue to live for our obligations, unfortunately, we will not be able to escape running on the wheel. The way to increase assets is to work hard in the first place and turn obligations into assets. That’s when the wheel will start to turn and we will be working for capitalism, not capitalism.
Of course, let’s not forget that real wealth passes through one’s happiness and health. One more fact to remember is that we are not going to be able to do this. Your intellectual background is your mental property, and knowledge is your greatest wealth.
One more thing: the best investment a man makes is his investment. So getting your child a good education before you buy another house you can rent is saving his future. I wish you plenty of wealthy days when you will balance all this in the best way…