I got interested in the game of making money when I was close to 20 years old and honestly, it was the best thing I invested in
In society, America especially is this ever growing gap of economic volatility between the rich guys and everyone else, but then again why life isn’t always fair is because it is the knowledge that we have to share the separates the profiteers from the peasants
Chapter 1: Why society is concerned about money
It isn’t all about fancy parties, shiny toys, or a tasty pastry. From the moment we are born, like it or not our spirit, no our structural of life is controlled by money.
Now, while money isn’t everything, it does affect everything from our health and hygiene to our self image and overall things that we eat breathe and sleep on. In my novel, I explain how even on an unconscious or conscious basis. It is very important to think about these things not just in terms of dollars but in terms of assets, liabilities and statements of cash flow.
Chapter 2, new shoes
One day in 1965 a young boy asked his father dad I need a new pair of Converse because they just came out with a new pair and I really want the newest model. The dad responded with a walk of Stern temperament and trying to teach the young man thrift responded by saying son I see those shoes on your feet. They’re not broken. And the sun looked back at the dad and said yeah. Well, the dad said, when you have a job, you can buy as many good pairs of quality shoes you want to your hearts content.
What are you saying dad. I’m saying if you really want something nicer it’s about time. You did some work for yourself and got a job. The son looked at his father with such confusion being so young and said but dad, I’m only 12. I can’t get a job. I mean, I don’t even have the proper education to handle most things that have to do with physical labor or simply riding a bicycle.
The next day
The young boy rushed into the kitchen and tried to talk his father again into buying the new shoes when suddenly a family friend came in of his father’s and gave him an offer that he could not refuse because even though it didn’t pay big, it would make him learn a big lesson in the art of making money from a family friend.
The offer small beginnings, but a big jump
So what are you asking? Do you wanna sell these garbage bags? Why the young boy asked. Because if you do a good job, you can keep the money and buy your shoes. How much would I make? The neighbor said about $20 per week. He jumped up with joy and said when can I start. You can start tomorrow and don’t bother bringing your bike because you just have to walk door-to-door.
Home run for Cuban
The young boy woke up at around 8 AM and was so excited to start selling those garbage bags. He and his head did a little math and realized that if he bought them for three dollars he could sell them for six or even nine dollars. here’s his classic pitch to some of his neighbors that he still uses to this day: hi I’m your neighbor Mark do you use garbage bags, because you know I’m trying to sell some of these and you can use them for whatever purpose of cleanup you need.
The end result, after walking more than three long hours, he was making $150 a week and was able to keep 75 for himself to buy those new Converse. A day well spent and a lesson well learned.
Chapter 3 healthcare cost what affects the body is most important than anything
The old man stood next to his wheelchair, praying by the hand of his wonderful and beautiful wife that his son would get the medical care that he needed. Within a few short hours, a doctor came by to them and said he will survive to see a better life. They jumped up with joy, so relieved that the operation had been a success after the boy came out unconsciously they approached the medical desk to pay the bill and ask the doctor how much out-of-pocket and how much does the insurance cover? It was bigger than any miracle child would ever understand at the time. So what’s the total come out to $1500 but don’t worry your insurance covers 1000 so you only have to pay 500 out-of-pocket.
Now some viewers might be asking what’s the hidden lesson in here I’ll tell you. The lesson here is that no matter how much we think we’re ready for everything in life. We must be vigilant and prepare economically as well as mentally for the unknown and unexpected because it isn’t about what will happen it’s about what could happen.
Additionally, just because a family is born. It doesn’t mean they are born in good condition or rich.
Chapter 4:Follow your nose where the cash flows
What book changed your life the most in terms of personal development. Well for me it was none other than rich dad poor dad by Robert T Kawasaki. This is because I weren’t a valuable lesson: it isn’t about how much money you have or make, but it’s how much you keep and how long it keeps supporting you for a lifetime.
We’ve all heard the saying that there are many ways to skim a cat but honestly, it is so sad how in such a thriving country like the United States of America money is a completely different game with I need for a deeper understanding to do what one hasn’t done yet.
Here’s what I mean if you work at a McDonald’s and make $13 an hour that’s fine, but what is the difference between someone who makes $13 an hour versus someone who makes $1300 an hour one thing skills. I believe that before anyone ever gets their hands on any big amount of money no matter how many zeros there are they need to understand one thing that was famous we said by Tesla founder Elon Musk: “ you are paid in direct proportion to the difficulty of the problem you are trying to solve”. In summary the harder, the job might be more challenging, but it also means sometimes the better the pay because of what one is trying to achieve. That is the difference between what separates the 99% who failed versus the one percent who succeed long-term.
Chapter 5: going beneath the surface
Most people when it comes to money don’t know who they are. And yet in a world that is thriving and changing so rapidly vastly because of technological developments we whack so much when it comes to really understanding what we want out of life. From a young age, we are told to memorize things like our times. Tables in math are first and last names, Our home addresses and our social security number, but never taught anything about a formula for actually making money and here’s why. Most people despite how much the world has changed still follow that same old mantra: go to school, get a job work hard, pay your taxes, save money buy a house and invest for the long-term in the stock market that paradigm right there is what creates poor people.
Now I know it’s counterintuitive because I myself am in the stock market as of now when this whole entire story is being written, but I don’t really care about that because I’m still young, but I’m just trying to experiment with the different kinds of assets, there are to know which one is best for me and create the magic words of freedom cash flow that way I no longer have to necessarily actively trade my time for money. However, here’s a big piece of advice. I know that nothing happens by accident and anything great in the world that ever gets done obviously had a bigger plan before it was executed, but I’m willing to take the journey seeing us how I’ve been so successful already as I already am. The key is to have your income exceed the amount of your expenses and that is how you win the game.
Chapter 5: Noise in the market place
A rally of people are headed to New York, so many people confused about how their life is gonna play out financially. Some of the thoughts that probably go through their heads are things that have been common we said throughout the history of time just to make the rich guys richer and everyone else a lot poor than they already are. Here are some phrases. I’m sure might sound familiar to you: buy stocks, OK I’ll buy stocks, buy bonds, OK I’ll buy bonds why not, buy a house because it’s your greatest investment and it all appreciate and value.
The danger of all the information out in the world is this: in order to create substantial wealth one must be willing to challenge the words being told to them by parents, teachers or even family members because as much as we think life is always certain: there ain’t no free lunch, if you want it, you have to go above and beyond and put in the effort that everyone else is not committing themselves too.
Investing: past, present and future selves
I feel like for a lot of people myself included, we all want to succeed so bad in the present without giving any really good consideration to ourselves for later on in our financial future. I say this because what I’ve noticed ever since COVID-19 first took place in 2020 was that people buy out of three factors that I like to call the three f’s: fear, fun and future without any comprehension as to the deeper inner psychology that there individual spending ties into: the battle with themselves.