If you don’t want to read it, you can watch this video.
Number 1 – I was wrong. We are not going into a recession, but we are going into a recession. Let me break it down for you because it’s really strange.
We have two economies. We have one, where people like myself and the creatives are doing really, really well. Then we have another economy where people are not doing well. That’s like over 90% of the economy. That’s why it looks like a recession and feels like a recession. But there is no exit. There is no bang!
How does this work? How is this happening? I have a few observations and a few solutions. Let’s just jump into this because it is very, very serious. You have got to make some moves now. The economic class that you are born into, you typically die in.
There are ways to move up to a higher class. But it may be doing something you don’t want to do. You’ve got to start making things happen now. The longer you wait, the harder it is going to get.
Let me tell you what keeps poor people poor. Tribalism, culture and a refusal to change how you do certain things keeps people poor. You’ll notice in certain cultures there is this propensity to keep things the same and not to change. I’m telling you that mindset has made learning and being intellectual lame. I’m not just talking about black folks. It happens with a lot of poor people in all races.
If you feel that the only way for you to get money is to cheat or somehow go around the system, or that the system is unfair, you’re not going to be interested in doing it the right way. Because it makes no sense to you. People say things like, “I went to school. I had a high GPA, but I’m still poor. I’ve got these student loans of $60K or $100K. I’m still poor. I’m still living with my mom. I’m still living with my dad. I did what the system said I should do to be successful.”
The reason people are having so many problems getting ahead is because the game has changed. It changed about 30 years ago. Going to school used to work. Thirty or forty years ago, only 5% to 10% of the population had a degree. Back then if you had a degree, you stood out.
Now, roughly 30% to 40% of the population has a degree. Now you’re just one of many and it creates situational poverty. Here’s another thing that happened. They took income out of the upper-middle class. There used to be a financial benchmark to be in the middle class. Now people believe if you have a degree, you will be middle-class.
So, you’re middle class working at Starbucks. You’re middle-class living with your parents. You see what I’m saying. Since they took the income requirement out of the equation, it has really created a lot of bad omens.
The legacy you give you children is more than likely going to be the lifestyle they inherited from you. What that means is that if you’re a teacher then your kids will probably be working at that same level and below. That’s why it is so important that you set up something different and that is very robust.
Look, there is nothing wrong with being a teacher. There is nothing wrong with being a doctor or a police officer. But, if you want your kids to have a better shot, you’re going to have to move yourself up to a new economic class. You have two choices. You can be in the business creation class or in the creative class.
You can also make a lot of money in the government sector, but you have to be so political. The Business class and the creative class provides you with a way to escape.
Hear me and hear me now. You can start a service business and get up to $2K to $4K or $5K a month. You can do a car wash or lawn care, something. Now I don’t know where you are in your economic journey, but you need to make a decision today and get busy working in the creative class or the business class. Those are your only two hopes. That’s it.
Let’s say you are born into upper middle income. It used to be that those kids were fine. To a degree some of them are still fine. But, the chance of them ending up in poverty is roughly 48% to 50%.
Why? Everyone wants to win, right? You’ve got to have the best team players to win. So, you can’t have Uncle John or little Ricky on your team if you want to win when you’re going against savages. Essentially, to win, you’ve got to get the best people. The best people may not be your people.
That’s something that a lot of people preach. They say, hey, start a business and employ your people. In theory, that’s really nice. Today, in this competitive environment, you have to have savages on your team. Your savages have to be killers.
Here’s a case in point. Look at Trump and Ivanka and Jared. They may be smart in other areas. But in government, they know nothing and it shows. That happens on many levels when you allow nepotism to dictate who you hire.
You’ve got to hire people who don’t look like you. You’ve got to hire people who have that killer instinct.
So, let’s go with the business class. I don’t care what you’re doing, you need to get up and be about your business. You need to become an entrepreneur and do something that is very deep, something that motivates you.
I estimate that you have ten years or maybe twenty years to make your first million. What’s happening is jobs are going away as we know them. You’re going to have a lot of people who are temps or working on contract. They aren’t going to have benefits. It’s going to be really strange how this thing works out.
Now, let’s talk about the creative class. This is what I do. I do YouTube. I do course creation. I write books. If you’ve got a book in you, you need to write it. You need to sit your ass in a chair and start writing today. If you want to do a YouTube channel, start one today. If you want to start an online course, start one today.
Don’t make excuses that you don’t know how to do it. Use the internet to learn what you need to know. There’s a ton of free information that can help you get started. You need to really light a fire under your ass. I’m saying this from a place of love.
A lot of people want to know how they can make money online. Here’s the truth on how that works. This is something that I have studied. Typically, you can come on YouTube and make a lot of money really quickly if you are very pretty or handsome, if you have a personality and have the gift of gab, you can make a lot of money with those natural assets.
If you are writing an eBook or want to create a course, you’ve got to build a following.
Getting rich is a choice. You have to decide to do it no matter how hard it may be.
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