Wealth, Health, and Success

Group Economics

If you have a phone or television then you're unable to avoid the racial tensions hijacking every productive discussion. I want to admit it's incredibly difficult if you've left your home in the past 24 hours to ignore the massive contradiction between reality and the media. If you've been stuck in the house then you probably believe everything the news says. The media is focused on profit not poverty nor solving social issues.

I believe ignoring the media can be the healthiest decision you'll make. Ignore the media in order to do your own research and focus on your neighborhood. You need to think for yourself and fix your personal issues.

My focus is empowering the poor and working class to put their homes in order first. We must fix our municipalities and states instead of focusing on voyeurism. We are often being told what to think through the media. Often there is no realistic dialogue or perspective. We are forced to trust the image and have a polarized opinion. Not to create the media and create discourse. We must all become active producers and creators rather than passive consumers.

For a good number, we could never imagine doing this in our own capacity. The great news is we don't have to do it alone. There is rarely anything built in singularity.

Group economics is a collective approach to wealth. The greatest method to use is group economics. The rejection of group economics for pessimistic individualism or idealistic narcissism creates great poverty. Indeed many of us do not know what to do with our finances or politically. Then we end up following of the latter groups. There is no benefit being a poor individualist led by narcissists or sociopaths. Being able to build, to maintain and galvanize relationships with others is the meaning of life. It's the sole key to survival.

Group economics is often ignored because we do not solve our relationship issues before seeking wealth. We often seek money at the expense of other people, our families, and our own health defeating the purpose of building wealth.

Instead of this failed method of generational poverty on the hard-work culture. I propose focusing on meaningful, healthy relationships built on understanding not being a parasite, an abusive tyrant, or a loner. These latter methods are not beneficial and are the key to failure.

I found a great story of 5 young men who bought their first rental property. Do you know how these gentlemen achieved such a feat? They each saved only $50 a week for two years. Yes, we're about to do math.

First, let us imagine the efforts of one man earning $500 a week. He saves 10% of his income in goal-oriented savings for 52 weeks. 50 x 52 = $2600 for a single year. 50 x 104 = $5200 for two years for the average man at a 10% savings rate. While this seems grossly unfair this income of $2000 a month is unfortunately the reality of many Americans.

Now, let's say this man has a brother, a cousin, and two good friends each tired of living in poverty. Tired of a meager life of quiet desperation they form the idea to earn a rental property and each takes a share of profit. They would collectively save $26,000 from only 10% of their income after two years of work. This is enough for a 20% down-payment of a $130,000 property! Luckily, even if one of the men were unemployed before this agreement it takes two years of consistent employment to apply for a mortgage!

This means every two years they can buy a new home. In 10 years they can each own their own rental property utilizing this method. If they wanted to utilize 20% they could speed this process up to 5 years. This is a method many immigrants currently use in order to build businesses for newcomers to America. Yet, it's something many Americans would never consider as they attempt to live the American Dream alone in spite of their "haters". The beautiful part about rental properties is that they could use all profits to invest in any other source of income to expand their wealth! This means in 5-10 years they could each walk away to live with their families without any financial concerns. Living a polar opposite existence than when they began.