The west has majority free market economy
Poor money education is also a problem. The big problem with the west and the rest is we did not learn how to get cashy without a job. We only know about one type of income. That is ordinary income. This is money for hours at a J.O.B (Just Over Broke)!!
The other two incomes are portfolio and residual. It is not the industry's fault. You cannot blame the industry just like how you can't blame money because you are broke. We should think back to our education. In school no one taught about how to make money. All they said was
"Get a job!" BLAH! BLAH! BLAH!
In the West the growing population is too dependent on jobs and would cut a friend's throat to keep one. The education system has enslaved us to think if there is no work then there is no money. This my fellow Steemians is the cause.
The rich among us have learned to exercise their imaginative minds and stretch their visions. Our possibilities and core beliefs have been altered so that we no longer see a world of scarcity but a world of abundance! Thereby spending money to get a life where they can enjoy the abundance around them. The poor only see scarcity, so they save! Save SAVE SAVE AS MUCH AS YOU CAN! DO NOT SPEND YOUR MONEY BUT PUT IN A BANK! Collect a measly interest of 2%P/A. Poor people always have to keep money until they are ready to spend. In effect they have no new money. Their money pretty much has a time limit before it runs out. Not tomention cryptos have been on a massive earthquaking move lately. Siacoin would have increased yourmoney by up to 843x times. Bytecoin by more than 10x times. All in two months. Kinda equivalent to 2% simple interest on siacoin every two minutes. Don't mind this rich cryptoheads you know how it is!
2% simple interest every two minutes
I personally would kill womeone for that type of investment LITERALLY!!
(Only on GTA V of course! What do you think I am? A murderer...)
Scared people be like:
"Anyways it is too risky and I prefer a safer investment like a 401(k) or mutual fund (where they lose most of their money).
I hate cryptos, real estate rentals and the stock market. If you love these then you are silly! What if you lose money?!"
To which I'd reply:
Yo spongebob, while you over deh losing yuh money pon fool fool saving an have john crow a pick yuh han mi a drown inna moneeey! U nuh si seh u a one eediat?
Rich minded people do not do this. I am referring to savings plans. Do we call poorly financially educated idiots?
Oh hell yeah for sure! You're idiots!
We aim to create incomes outside of trading hours for money. We create investmens to make money while we sleep, rather than putting it down to spend it on something stupid another time. That is why most people are broke at the end of their working lives. They have not found a way to make money without working, or they are too lazy to learn how to do it.
The final difference is rich people had by some lucky break broken through the poor programming for their money beliefs which are unfortunately passed down from generation to generation. Each time getting stronger!
SPOILER ALERT: "LUCK" is created by application of knowledge!
The following images depict wealth inequality in its full measure!!
WARNING: IMAGES MAY BE DISTURBING. VIEWER DISCRESSION ADVISED
If you are reading this and it speaks about you please change your money spending habits and beliefs now. Make a goal to reprogram your beliefs around money and plan to stick to it today. Don't listen to the suited people on tv telling you how to invest! I shit you not they know nothing about money, otherwise they wouldn't have a job in the first place. They would probably be busy owning the media channel or running a business.
I want to hear from you what you think will make you more money if you change today. Put that in my comments. Also if you like this and want more comment the word "MORE" and I will post later this week.
