Mind piercing right?...
Totally had the same expression when i came across this caption on my twitter timeline.
With the 50% income you get from a four wall-ed desk job or a corner office is it really much to go by--i mean there are a couple of people who do multiple jobs just to get by the month to afford a decent meal, and in some cases to fix their credit score as to be eligible for a loan. Can you see the visual cycle? It's kind of like a mouse (or hamster) looking to escape his cage, even with the wheel moving, the mouse is still stuck at the very beginning.
That's what Robert Kiyosaki terms as been stuck at a spot on the rat race...that's no fun, and you don't want to be stuck there.
There were times when people would say you can't make excuses, we got the same 24 hours. And i be so mad like, although true but everybody doesn't have the same opportunities.
But again that's another excuse, if opportunity doesn't come to you, make one. Probably easier said than done, but it is what it is.
A zoom into the economy, the frame is more fixed on people who work for money--even from the pulpit of the four walls of a classroom the reoccurring and overemphasized preach always revolve around get good grades, get a job and get good benefits. And on the other hand, there are no Kodak moments with parents or teachers when you give them a different picture, to be precise own your start up or business.
However, the notion surrounding the fight against been self-empowered (or self-reliant) is slowly eroding away. Still the idea feels strange to a lot of the Gen-Z embryos.
Don't get it twisted though, i'm not all in to the idea that working for someone is wrong--i mean i'm not completely saying working for someone is bad. But i'm just on the hammer nailing into the idea that working for someone shouldn't necessarily limit your passion to pursue your own dreams.
Working for someone should be the foundation and should not be your end game--working for someone should be the starting point upon which you save up or accrue your start up initial capital to lift your dreams from the ground.
...however, this view tends to be foreign to a lot of the Gen-Z population. Most are more comfortable with just sitting at a desk all day working the keyboards and putting finishing touches to paperworks.
Do you fall into this category of people? If you do, can you honestly say you happily look forward to the next morning rushing out of bed to work? Or would you rather prefer spending less time at work, more time freedom to yourself, and more bonding if a spouse and children are in the picture.
I want to believe you would rather want to have control of your finances, and thus using that control to improve your financial stability and security.
Having a 50% income could mirror the same impact of the bleeding charts that the crypto market experienced last week, as a result of the speculation of the MAN known more of as the US President Joe Bidden about his plans to tax capital gains.
However, it seems the tides have taken a softer squeeze, hence the whales are coming back into the oceans, rather than running from it--wish the same could be said for Turkey right now.
Having a 50% income is like having your financial advisor telling you owning a big house of residence is an asset that would give you more tax breaks. Even so it's not all gains, you still taking huge sums of Mullah from your pocket to fix up and renovate. That's like spending $1,000 for a fixer-up just to save $35 or there about. That's a whole other algebra on its own, OMG help me find {dy}/{dx}. It logically doesn't make much of a sense in this regard if you know what i mean.
On the other hand, if you had blocks of apartment homes leased out, that's your money truly working for you. It gets even more rosy, when you got a good credit score and already have a proof of having managed other blocks of apartment--loan application gets speedy approval like ASAP-real quick quill signed approval. That's using good debt to create cash flow and passive income, and wait for it...you end up spending no dime but you get all the rewards it comes with.
Savings is bronze, investment is Sapphire but cash flow and passive income is gold. If in the war room thinking up a strategy for battle, a better chance of winning is going with cash flow and passive income formation.
Portfolio income--Dow Jones, S&P 500 and NASDAQ index funds are good vehicles for portfolio incomes, but it seems cryptocurrencies are having more champagne pops at the finish lines. But the downside is that you don't have much handle on the steering wheels, as a result of the volatility as per passive income you have more handle of it.
...and for a closure.
Have you heard about buying tax lieu from auctions?
Does your money go out to recruit more money for you? Well if not, it's not too late. Like Martin Luther Jr would say...
