Getting Off The Planation part2

Getting Off The Plantation Prt.2

In the last issue, we discussed three very important steps to begin to move out the rat race. Step 1, was to create a nest egg while at the job three times your monthly income. Step 2, step up weekly goals that you can reach at the end of each week. After setting up weekly goals, then move on to monthly goals, and then start long term planning 3-6months out so that you can slowly move yourself from the rat race. Finally, there is something called Application, one must learn by doing for you think you know, but don’t until you try. Okay, now that the basics are covered we can get into some real talk. There are many people who are wealthy in this world do to one of several reasons. The first is they inherited there wealth for example, The Kennedy children started out in the game with a 100million dollars. Secondly, you are a crook (i.e. Enron, World com etc. corporate crooks) Finally, you have a talent of some sort and you use the gift God gave you to create considerable wealth. For those of you who say L.U.C.K plays a part L.U.C.K really means’ Laboring Under Correct Knowledge, as Jay Z put it “you create your own luck”. So, if you don’t understand how in the hell the game is played,then you will get played due to a lack of knowledge. Lets’ start with these basic elements before we get back to the three ways people become rich. You got your money and your credit together right. Now you have extra money to play with. The question that remains is what should you do with the extra money? In my personal opinion, you should start looking for places to invest in (real estate, money market funds, stock bonds, annuities, 401 k etc.). These are long term investing programs that will give you more interest on the dollar than the bank would give in a regular savings account. You got 3x the monthly income stashed away, bills caught up, and your credit straight, now its time to go from being in the red to getting into the green. Well, putting your money into these investment avenues is the first real step to getting out the rat race. If your situation is comfortable then you can get more out of it, and placing money into these vehicles will help. For those of you who don’t pay attention to detail, and want to ask a thousand question, all I can say to you is this is the start to generational wealth, and why the white kids start out with money in the bank,and black kids don’t. We don’t pass down any money making assets like real estate, self own business, stocks, and bonds etc. down to our children. Black children start out in the negative. This is the basic blue print to obtain so form of financial freedom, but just remember nothing comes without paying a price. These things don’t happen over night so patience is very important when you are acquiring wealth.


In the next issue we will expound further on the topic of getting off the plantation.