Little Thoughts
Why do the poor get poorer, the middle class are stressed out and the rich get richer?
These are my thoughts.....
The poor people when they are paid they spend their money on small, cheap stuff; meaning dollar store things to fill their house. It makes them feel good and let's face it if they could they would buy Ethen Allen, but they obviously don't make the money and most don't have the education to excel to make more money, they get by. I know this because I grew up like this, the proof is in my pictures of my first apartment and many after that.
The middle class people purchase "Liabilities", meaning a new car, Rolex watch, a new house etc. So the more money they make, the more they spend. They tend to have more going out then they have coming in. Which puts a lot of stress on them. I also know this because I live it today, menus the rolex!
The rich spend their money on "Assets" Things that bring in money. Rental properties, stocks, bonds, investments, etc. And with the money they make they buy more assets, which makes them richer.
I have always understood this but have never had the money to apply this knowledge I have. I am sure many people know this, but it is not as easy as it looks. Who has $60,OOO plus in the bank to buy a rental property? I invested every penny I had in this wonderful stock and I was robbed. So this isn't for everyone.
The one thing I do know is that "Education" is an asset. With student loans you can acheive an education that will bring you in money so that you can financially prepare yourself to save, to buy assets and not clutter. The key is to save and not spend! The down fall is you have to pay the student loans back, which I am still doing since 1996. lol
I don't believe that everyone has this opportunity because most have to work to put food on the table, have children to take care of. It's sad because if everyone had this simple knowledge, were brought up thinking this way, then maybe just maybe we would all be equals. We wouldn't have to suffer when watching the poverty and the poor children of this world go hungry!
I wish that I could take care of the world and it's people, for even one day let all experience what it feels like to live stress free and to feel like we should all feel, that we are the same.
Just a hope. Daisy