![]() The only way to do this is by investing your money. Your job is to eat as many power pellets “dividends” as you possibly can. Using Pac-Man as an example, I want you to imagine the four ghosts are the following: debt, despair, denial and broke. I hope that last statements lights the fire you need to start saving this paper. You should save as if you are going to live forever. You know what that tells me, that your money too should be looked upon as having no ending. The game was not designed with an ending. The maze is filled with Pac-Dots, and includes four roving multi-colored ghosts: Blinky, Pinky, Inky, and Clyde. The “power cookies” are now the larger pellets he uses to eat the ghosts. Pac-Man’s favorite snack pellets - the tiny dots he munches as he moves around the video game board - were originally cookies. The player navigates Pac-Man through a maze with no dead ends. If you have ever played Pac-Man, then you know how the game is played. I’m as serious about saving money as Sarah Connor is about eliminating Terminators! After, watching or hearing more stories of outrageous prices from car loans to purses (a Louis Vuitton handbag could set you back $400 or more), I knew that having liquid savings was the answer. The human body has 206 bones and not any of them are receiving service from this guy. I once had a Harvard educated orthodontist quote me almost $8,000 for treatment. The possibilities of something requiring your immediate cash assistance are endless!Īll of the sudden Aunt Edna needs a new roof, the dog needs his shots, the basement flooded (for the third time this year) or junior needs braces. You are in the red and bleeding out money faster than a corpse does on The Walking Dead. I know that the price of everything feels like it has shot up overnight. ![]() Having more than 50% of your income going out in rent leads to one word: Despair. Rents are going up about as fast as a four-year college degree. Why? The reason is that there is no rent cap. If this doesn’t scare and motivate you to save more money, then like Poncho’s owner in 101 Dalmations said, “no evil thing will.”Įvictions are on the rise all across America. The difference between eating everyday or going hungry was just one of many. The differences in their lifestyles versus their tenants were stark. Within the book it also discusses how landlords were making a mint off the dregs of society, “the poor,” with one making $447,000 a year after expenses meaning he is part of the 1%.Īnother landlord had an estimated net worth of $2 million. Those that do eke out a meager existence on modicum amounts of cash, SSI benefits and food stamps. ![]() The premise is that welfare is dead and families no longer have access to cash assistance. Recently, I read two books Evicted and $2.00 a Day: Living on Almost Nothing in America. The bigger the gap between income and expenses is the difference between being rich and poor Getting your investment income to this level means, you have created a passive income source large enough to replace a paycheck. When you make more in capital gains than you would from W-2 wage work, then you can kiss the working world goodbye after hitting a goal of $50,000 or more in income.Ī salaried adult makes on average $40,000-$50,000 annually. ![]() Once you are able to save and invest more than 50% of your income, have more than $2 million in assets and receiving dividend income of $100,000 or more you are fairly wealthy. When you have enough income to pay your bills, save, and invest the difference, then you are rich compared to the rest of the world as most are living check to check. I will define an affluent person as any adult that is saving and investing more than 25% of their income with more money coming in than going out. You know what also needs shelter from being left out in the cold, your money! Affluence is your duty. When I woke up this morning, it was 44 degrees. Like Aesop’s The Ants and the Grasshopper, we must prepare our bank accounts as winter is coming. The air is crisp, summer is now in our rear-view. ![]()
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