Truth about "The Man"

Did you grow up in a poor or middle income family? When things happened that hurt your family in some way, either financially or legally, did you see people blaming it on "the man"? It's easy to feel that there is some conscious being out there intentionally trying to harm you, or hold you down, in this world. Some people feel like the laws are against them, or even the police are. Maybe the manager of an apartment you lived in had you kicked out for not paying rent for 2 weeks. It's painful to have the Sheriff's dept forcibly escort you and all your belongings out of the building. Or maybe the bank forclosed on your house because you couldn't make the payments. Or maybe you're just irritated that you have to pay 35% income taxes on the money you make, while you hear people around you saying the mega-corporations do not pay a dime in taxes!

These kind of things can really depress you, even though you know that the letter of the law is being enforced in each circumstance. You might even feel like the law itself is against you. And, in a way, you'd be right.

Laws That Protect

The laws were designed to protect someone - but not you, as long as you stay a middle-income or poor citizen. Once you climb over the fence and live on the other side, the rich-thinking side, those very same laws work to your advantage - and rightly so. They protect your money and investments, which you worked so hard to create!

Consider the house forclosure example. Put your current life aside for a moment, and pretend you're the bank. You are in charge of a company holding a lot of money, which you don't want sitting around in bank accounts slowly dwindling away as the cost of living and gas prices go up. You want to make this money work for you, to make even more money, much of which you will pay out to yourself and your employees in the form of Income. You're happy to finally be in a position of offering people jobs - very nice people, who deserve to work at a nice bank like yours. They each have their own lives, family, cars and houses to pay for, etc. They're going to need raises every year, most likely. Your bank, which is a just a kind of company, must make more money over time with the money it has, or you and your employees will be in trouble.

Your bank often loans money to people. Middle income people who want to buy expensive things they can't otherwise afford: a nice house for their family, a second car, that vacation cruise they so desperately need, and so on. Without banks like yours, there would be no way for these people to afford these things - something that makes our society as great as it is. You're providing a useful service to the community, and being paid for it as well. What a deal!

What if they don't pay?

Except, there's a problem. What's the motivation for someone to pay you back all the money you loaned them? In fact, you make them sign a contract where they agree to pay back not only all the money they borrowed, but a little extra (the interest). But even with a signed contract, really, what is their motivation not to screw you and steal half the money, if not all of it? Especially if they get to the point where they can no longer afford to pay you, say, after 5 years of faithfully making payments.

Even if "most" people pay you back but a few don't, your whole company is screwed. Let's say 9 people out of 10 pay you back everything they owe you, including interest. That 1 deadbeat person's loan was for $240,000; all the money of which is now gone. Can you imagine how many more successfully paid back loans you now must acquire, in order to make up for a loss of $240,000? And among all THOSE, at least one will skip out on paying you; basically, you'll never be successful this way; the bank, as a company, will have to declare bankruptcy, as will every other bank because the same problem will occur everywhere across the country - now, where would we be without any banks at all?

No, this cannot be allowed to happen. The government must do something to make sure this never happens. In fact, our goverment has done exactly that. The concept of a "credit rating" exists, which is a great encouragement for the working middle class to keep paying their bills faithfully. Theft and fraud related to money is one of the most heavily punished crimes, in most countries. And so it should be! America, for one, has established insurance agencies that guarantee customer's money in banks, in the event that the bank company goes under (that's what the FDIC does). Your checking and savings accounts are insured up to $100,000 maximum per account. And, if the bank ever has trouble with someone not paying their loans, there are many laws and clear procedures to follow, to encourage the person to continue payments; or if they don't, to take possession of the item they purchased with the money (the collateral), if they can't make the payments. This way the bank company is protected no matter what the customer does; life goes on sanely, properly, as we know it.

This makes total sense, when you're the bank, doesn't it. You want these laws on your side. If someone can't make house payments any more, you, the bank, deserve to acquire their house and try to get your remaining money out of it by selling it thru Foreclosure. You have far more assets invested in the community than any of your customers, and you're giving back so much to the community on top of it.

Be the Bank

OK, you say, you know all this already! What's it to you?

My point here is: stop thinking like a borrower, you need to become the lender. Stop thinking middle-class, you need to be thinking like the rich. You need to begin building more money than you need to live, and with that extra money, begin investing it so it produces more money for you.

By creating real working businesses and investing more and more money, you're participating in the real American dream. You have many others working for you (people, and the very money itself). Before this, you were not truly part of the financial part of our society, and life was kicking you and pressing on you until you squirmed. Your parents couldn't figure it out, but you're smarter than them - you have a chance.

When you're rich, "the man" is suddenly on your side. Learn to think rich.

Wealthy Some Day

Once the monthly return from your investments exceeds what you need to live, for each month, guess what - you're wealthy! No need to work any more. ....Unless you really want to, that is.