Staying Broke is Selfish

The schools said, “get a skill and find a good job.”
College asked, “what do you want to do?”
Parents said, “settle down and be happy.”
The philosopher said, “do what you love and the rest will follow.”

How about this advice, “Don’t be poor and don’t just get by — make a lot of money so you can help a lot of people!”

A broke man can help you with a shovel but he can’t hire you or loan you money for your big idea — In fact, he can’t hire anyone. The same is true about someone making $120,000 living in Silicon Valley. They make double the median wage in America, but because of the cost of living they can’t even help their parents in an emergency without taking out a loan.

There are so many people out there encouraging people to find their passion and purpose suggesting that everything is going to turn out great. It is so selfish of you to believe that! To think that you are going to put what you want to do before your ability to take care of those you love disgusts me.

“A broke man can help you with a shovel but he can’t hire you, or loan you money for your big idea.”

The real world we live on is an economic environment. Living here is not all about what makes you happy or you doing what you want. The schools, your parents and the philosopher were wrong. Consider these facts; seventy-six percent of Americans live paycheck to paycheck. One-half of Americans have no money in savings. Almost 70% of those sixty-five and older have less than sixty thousand dollars in savings for retirement. Who is going to take care of your parents and grandparents?

How about this for advice:
• You need money.
• You need lots of money.
• And it’s the grown up thing to get your money right.

I recently saw this terrifying graph that suggests over the last 50 years the only group of people that survive economic turmoil is those that are the top 10% of earners because it is these groups that have enough money left over to save and invest. These are the people that are in a position to take care of their families, communities and churches if they choose to.

Saving rates by wealth class - Financial Samurai

By the way this chart goes back to 1917, so this is a long-term issue not a new one. And I understand just because the wealthy can help doesn’t mean that they will. Maybe they will just buy yachts, homes, cars and watches. But the reality is the bottom 90% don’t save enough to help even if they wanted.

It’s easy for the guy without money to say what he would do if he had money. The reality is he was never courageous, disciplined, or selfless enough to ever prove himself to the world.

If you are healthy, able and talented and don’t have money you need to grow up and get your house in order. One day a guy said to me, “If you don’t have money it’s your fault.” Literally I snapped out of the coma. I was being selfish, self-centered, childish, immature, and feeling sorry for myself. I justified my sad situation in life by making others wrong — pointing fingers at those that had done well.

Bill Gates said it best, “If you are born poor it’s not your fault, if you stay poor it is.”

And for all of you out there doing the middle-class thing I’ll add, “Making just enough to get by, is selfish and cowardly.” The fact is you need lots of money to be able to take care of those you love. Then to really make a difference in society, well, that’s a completely different level.

Ask yourself:
1) “Do you have more talent than your paycheck?”
2) “Do you and your family deserve more than just scraping by?”

I am just telling you the truth and hopefully this will hit you at the right time and in the right way. We live in a world that is primarily based in economics. Every day you are reminded about money. Everywhere you turn something cost money.

“We live in a world that is primarily based on economics.”

Don’t be broke and don’t just squeak by because sooner or later there is going to be trouble and you won’t make it. I have done both and you don’t need to. No matter your current situation, your race, education, socio-economics, you can get yourself into a financial position where you have choices and can truly make a difference for the better.

There are financial issues on every corner of this planet and most people are walking financial time bombs or money zombies. Debt and spending are out of control again and two-thirds of American small businesses break even or lose money. Three out of four Americans live paycheck to paycheck. Horrifying!

Do you want to live on this planet with choices? Do you want to take care of those you love? If you own a company you need to make at least $1m a year to even have a chance. 92% of all small businesses make less than $250k, not enough to attract great talent much less promote their company and stay on the cutting edge.

Make a commitment to get your financial house in order. I am creating an eBook to solve this issue and help people out. If you want more information on blowing up your business go to How to Make Millions in Business.

Grant Cardone

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