posted on Oct, 2 2017 @ 09:46 PM
a reply to: midnightstar
Your post makes your class/position in life evident. A THING is not an asset if money is flowing OUT of your bank account to pay for it. It only
becomes an asset at the point it starts drawing money INTO your bank account and making you an income. This is a rule that the wealthy know and live
And based upon your rather lengthy post, you seem to be a proponent of socialism. But that is a myth that will never give you the equality that you
are seeking. Just look at every failed socialist state that has ever existed. If you still disagree, go live in Venezuela for the next 90 days and
then tell me that Socialism works...
The truth is that any society will have those who are poor and those who are wealthy. Even in Communist countries... But at least under a Capitalist
society, you DO have the freedom to raise your circumstances through opportunity. The US has gained more millionaires in the past 20 years through the
growth of the Internet than in the past 100 years worldwide.
Anyone can gain money with ingenuity and hard work. KEEPING your money is another story. That begins with a financial education which, at its basic
level, includes understanding the difference between assets and liabilities. Go ask anyone who has come from multi-generational wealth and see if I am