I need to live below my means. LOL I know. Duh, right? However its so depressing living below your means. For example if I make 40,000 I should really be living on 30,000. Why? Because:
1) if I'm really making 40,000 a year, I'm only actually bring home about 30,000 after taxes. its the net not the gross that you have free to spend.
2) uncle Sam thinks anyone without children or a spouse make too much and should pay more taxes than everyone else. So whether I claim 0 and pay the piper all year and look for my big break in April or if I cheat a little during the year, claim 1 and pay at the end, Sam still gets his cut either way.
3) I want to leave an inheritance for my nieces and nephews. Instead of leaving debt, I want to leave a trust and let them live off the fat of the land. Teach them how to manage money at an early age, develop business skills, and encourage them to look beyond their immediate pockets and into the future bank rolls they could hold, companies they could own, land, and royalties earned without working. I saw a show called "The fabulous life of young hot Royalty". There's a family in Germany who is simply rich just because their ancestors were postal workers.
Take 22-year-old Prince Albert Von Thurn Und Taxis. He's heir to a powerful German Dynasty credited with modernizing what we know of as today's postal system. When he turned 18 he inherited one of Europe's largest fortunes and is now worth $2 billion dollars-- making him the youngest billionaire in the world. Oh and the massive 500 room German palace he grew up in? That belongs to him too.
So I'm thinking, I'm not going to invent anything anytime soon so how can I work on leaving an inheritance and not an inherited debt. I must first get out of debt and live below my means so that I can store up funds to buy land, real estate, and start a business. Then I can work on my plan for inheritance building.
4) by watching and hearing various stories of white people, people from India, Mexicans, etc Black people are the only people who do not help one another, who spend more than they make, who buy to impress their neighbors and friends while stockpiling bills, who buy a car they cannot afford while living in an apartment more lavish than the house they should be buying, etc. Because we are so depressed from living on the bottom, being born on the bottom, starting out on the bottom, that when we see light, get a good job, find a piece of money, the first thing we do is spend it and worry about the bills later. I have been spending every penny to the max, not leaving room for mishaps, uncontrolled circumstances, no money in the bank at the end of the month, stretching dollars until they break and cant be sown back together. Living on your own, being independent does not mean asking mom, dad, and uncle for handouts every time I get in a jam. I do not believe it is the White man keeping us down. I believe their are enough intelligent black people to start their own business, hire and fire people, produce a good product, provide quality service, and be prosperous beyond the status quo diddy understands this and he has no talent whatsoever, but he has made his ability to bs and hustle his cash cow. J understands this and so does T.I. and 50 cent. They all came from nothing, out the hood, did their dirt, and saw a way to turn that dirt making ability into an empire. I know this is a far stretch and they are talented rappers but they have other business ventures that are working for them making money when they are doing nothing. How dumb can that be? Not that celebrity success is the basis of my whole philosophy but it has its place.
5) I am tired of living pitiful enjoying a little now and trying to figure out the rest later.
There's more to my ah ha moment but i'm tired of typing, i know you're tired of reading, and I'm distracted anyway LOL my attention has moved on to something else. But I thought I'd share in my revelation which I prayed for when asking God what I should do about my apartment situation. And believe it or not, he actually gave me an answer LOL !
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