We have grown up in a system that the masses of people spend their lives living in. Many have been taught to spend their entire lives struggling with money. According to Vincent K. Harris‘ book, Making the Shift, it is estimated that 95% of the world’s population spend their entire lives controlled by the system. This is the impoverishing system.
What the impoverishing system wants you to believe
Your job is your major and only source of income
Many people are dependent on a job in order to get through life
You need to live on two incomes
This is big here. The husband and wife’s income both are not needed to stay afloat.
Debt is a part of life
Why stay in the hole? It’s uncomfortable there!
A business is too risky
So is driving a car!
Salary is to pay bills
That sounds boring. Sounds like you are just working a job to pay someone else. No enjoyment there
Retire at age 65
So you’re telling me that I have to spend almost all of my life working and when I’m done working, I will be old and unable to enjoy everything to the fullest? Not for me!
Save if money is left over
I have tried this and it didn’t work. I would end up using that money for something else.
Invest to earn 2-4% per year
That’s slow money!
Here is a system that many people do not pursue. This system is less popular and people are criticized for using this system. It is said that less than 5% of the world understands and follows this system. This is the empowering system.
What the empowering system believes
Multiple streams of income
I call this income diversification. It’s too risky just to depend on a job.
I would rather be in the positive than negative. One less thing to worry about.
A business is the best way to build wealth
Owning a business puts you in a different system.
Your salary should be used to buy assets “on sale”
You should make your money work for you!
Retire young to retire rich
I love this idea! You get to enjoy more things while you’re young rather than waiting until you’re 65 to retire.
Savings is a bill
Once saving is made at the same priority as a bill, it gets easy!
Invest to earn 5-7% per month
There are other methods than just a savings account.
By the summary of each system, I prefer the empowering system. The impoverishing system is not my cup of tea. To get with more empowering people, I suggest you join me on this journey.
Jay The Analyst
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