Money without consciousness is like a plane without navigation, you may get in flight but you’ll ultimately crash and burn. There’s a few things about money that most people simply don’t understand including those with lots of it. There are some things about money that will never change such as the fact that expenses will always rise to meet income. This means that no matter how much money you earn without the consciousness to go along with it you’ll find a way to spend it all.
Here’s another interesting aside about how people spend money, white people tend to buy things that GROW and black people normally by things that GO. White people tend to put their money in gold coins, stocks, mutual funds and real estate while black folks buy cars, rims, and jewelry. Money only serves as an intensifier in that it amplifies whats inside of you at any given time.
Recently Kat Williams Phantom Rolls Royce was repossessed. His comedy tours grossed more than $50 million dollars yet his $400k plus mega ride is gone and his home is facing foreclosure. Kat is not an anomaly either. There is no shortage of celebrities who have earned large sums of money only to find themselves destitute within a few years.
There’s much that the most of us don’t know about money. We are illiterate when it comes to earning and keeping large amounts of money. How many people do you know who is even aware of the rule of 72 and how to leverage it? Why would anyone in their right mind finance a car for 84 months or a home for 30 years? Simply because they’re ignorant about money, particularly interest, and how it works.
That’s my spin on it.
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