Socien's Blog

We are so much absorbed in the possibilities of the rich distributing their wealth. At the national level, we want them taxed and voluntarily expand their philanthropic arm, and help what should be their competition to grow. At the family level want all our problems to disappear thanks to the rich distributing their wealth to us. We pin our failure on their unwillingness to help, or their failure to discover areas we need to have their help.

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• 6 things about wealth to know and get rich
• Why won’t rich relatives help with capital? How to or not change their minds?
• Raising capital from scratch, becoming a capitalist and the broken education system
• We teach kids soft figures, not capitalists who started poorly. Why is this bad?
• Tertiary education rarely gives us a business mindset, the world over.

You see, because it is impossible to go throughout your life without admiring vast wealth when you don’t have it, you have to have questions on how to become rich, or specifically how to create wealth. (Anyone can become rich but it’s not anyone who can create wealth). The very silly answer we have managed to come up with and reach a consensus on is we become rich when wealth is distributed. Karl Marx even wrote thick-volume theories based on this belief. He prophesied revolutions stripping off the wealth in the hands of the few and making them available to all. When this flopped, we retreated to advocating for high taxes for the rich.

According to a long-term research study concluded in 2015, 66% of 1300 billionaires in 2014 were self-made. Interestingly, Europe, which is often associated with generational wealth, accounted for only 17% of the self-made billionaire population. The research suggests that billionaires are not merely a product of luck or social background; rather, they possess distinct personality characteristics that enable them to approach the challenge of creating new distinct value. You can read more on qualities of a visionary here.

Before being rich or not was a matter of the family and the nation you were born in. But things have changed. Now wealth is a mindset behind it. This is why generational wealth has lost its ground to the current self-made wealth. The inflation following the retreat from the gold standard, simply means no one can let millions stay idle as a means of safeguarding them a gamble had to be made. If the inheritor fails to play safe with what s/he inherited as s/he gambles to multiply them, they might warn off.

The rich pay their taxes but not in a way the poor person would understand. But we want them to be taxed more until they lose any incentive to do more legal business or any business. Besides, they provide the middle class and poor people with jobs so that the government can deduct taxes from salaries. We wish that wealth in the hands of the rich is dismantled and turned into something we can consume. This distribution is every middle-class and poor-class person’s dream.

Many of the people who make it to millions in this modern age are not brainwashed enough to be stopped by the realities of this world. The connection between inheriting wealth and being wealthy is waning in this modern age. There was a time in our history when a wealthy adulthood of anyone’s life was a matter of being born into a nobility family. But things have changed. It’s now possible than ever before to become rich when coming from a poor background.

Capital is more than just cash and resources. Getting some of it through any distribution means like inheritance, government chokehold policing and donations won’t make you rich. You still need to discover the art of creating wealth yourself. Otherwise, you may end up having millions in your hands and still lose them in a few years just like many pro athletes out there. How do pro athletes lose wealth so fast?

Most wealth is in the hands of those who created it as opposed to those who inherited it. Even with millions in your hands you still need to spend functionally and be resourceful. You need to have a vision that recreates you as the biggest opportunity ever to happen to yourself. Building that kind of vision takes pain, patience, endurance and a mindset that dares to find fault in how you were taught about money and wealth.

You can have money because someone has given you his share of the wealth through inheritance. But to be rich you need to have the mindset of a rich person. Having money and being rich are two different things. To a rich person, poverty is either visible or invisible, and he avoids addressing the former. The visible component of it is what people with money try to cover up with expensive garments, golden iPhones, and so forth. Visible poverty has been erasing money from the books of those who mistakenly thought of it as the type of poverty they must address.

Rich people focus on improving themselves internally. They address the invisible poverty which refers to collective societal deficits that are not immediately apparent. This type of poverty is widespread and can manifest in various forms, such as a scarcity of essential institutions like hospitals, schools, and businesses, or even the absence of advanced industries and enterprises like space exploration companies. Rich people focus on delivering these scarcities at a profit and expanding their wealth. They analysed scarcities at the time their pockets were empty and formulated a vision that guided them as a roadmap to their dreams.

You can be rich when your pockets are empty and do not have anywhere to inherit and get free money from. It is all about the mindset. In this modern world, the rich are getting rich before they have any money in their pockets.