Why You NEED To Create Your Own Weath
Posted by: Greg Schmidt
We all know we are going through a huge economic disaster right now. Home foreclosures are increasing, people continue to lose their jobs, household and government debt is at it's all time high, and the middle class continues to shrink and will soon be eliminated. But we have a choice. We can either #1: carry on with our lives right now and continue to live the way we are used to, OR #2: we can expose ourselves to the truth about our world and and find out what is really happening.
Most people are going to choose option # 1 because most people hate to change and possess the belief that what we don't know won't hurt us. But will it? Let's look at some facts about our country and where we are at right now:
Here are our problems:
It is estimated that we would be taxed 70% just to make interest payments on our national debt. This is according to David Walker - US Comptroller.
Our unemployement rate is actually doubled from what mainstream media and government officials report. Almost 14% This is reported because the media and government don't take into consideration all the people who are underemployed and working part time. Do you know what the unemployment rate was during the Great Depression? 17% We are not far off of this number!
This is why we need to create our own wealth!!
Here are more staggering numbers. Right now in this country a CEO income is 400X's the amount of the employees. Can this be good for our economy? Americans are now making about 2.5 - 3 times as much money as people did in the 1960's. The price of cars, homes, gas etc cost 10 times more than they did in the 1960's. How can we catch up with this hyperinflation that is going on in this country if we are not taking our lives into our OWN hands to create our own wealth?
Both husbands and wives now HAVE TO WORK, paying for child care, bills, and other debts. Making only 2.5 times more money and trying to afford things that are 10 times the cost is a constant battle just to stay afloat living like this with Americans spending $1.05 for every $1 they make.
This is why you NEED to create your own wealth. If we continue to live like this, our down economy will stay down and a recovery is unlikey. We WILL be taxed more and more but will NEVER even make a dent into our national debt. We live in a bailout nation! How much sense does it make to reward a failing business?
I understand bailing out a big corporation will save some jobs. But in my opinion, these employees need to wake up and become their own boss to secure their own financial future. Not relying on the government! Some say there's a conspiracy against your money!
Benefits of creating your own wealth:
1. More tax benefits - less to the government means less to bailouts! We have a lot of ______'s in our government. (You can fill in the blank - idiots, greedy people etc ) Creating your own wealth will allow you to keep more money in YOUR pocket instead of the government's.
2. Allows you to make as much money as you want. Now the entrepreneur has the power to set his/her own financial thermostat instead of having someone else set it for them.
3. More time and freedom - only if you run your own business efficiently. We all want this, but can't have it when we have others dictact our schedules!
4. Implement ways to grow your money. Having more time and freedom with more money will allow you to take time to meet with experts to invest money wisely.
5. Increase of job creation. Small businesses are responsible for 70% of job creation. This is why having your own business to create more jobs and create your own wealth is crucial to the success of our economy!
It is crucial for us to get educated about our money and the real state of the economy. We are being lied to by many people we were taught to trust. Not anymore, we have to take our own life in our own hands in order to prosper.
There is a Conspiracy Against Your Money, a conspiracy against you!
Greg Schmidt
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