Class Warfare 101

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I listen to and read a numerous amount of sources about politics. One of those sources is reddit. If you don’t know what reddit is, I highly recommend you take some time to make an account and explore it. Whatever your interests are, you probably can find a subreddit there.

One of the subreddits that I follow there is the “political” one. For the most part it’s full of progressive thinkers.You can find that out yourself by checking it out at reddit. As a follower of this blog, you probably know that I take the opposite stance of that perspective. I don’t understand how people can think that the economy can be fixed by just spending money… the government spending money – that we continuously have to raise the debt ceiling. I mean, we might as well raise it to a Gazillion dollars, ya know?

Today there was a post that was shared from a lefty blog that just made me laugh. (Here’s the link to the reddit link.) It just boggled my mind. Basically the writer of the post was going on about how there’s more of an income gap between classes here in the US than there are Egypt.

Well, duh. Yes there is.

Egyptians were under a dictatorship… we’re not. I would assume they were forced to be in certain income brackets – where, we’re not. No one is stopping anyone here from starting a business and making more money… other than the Bush and Obama administrations taxing and spending more.

Face it, the reason we have an income inequality gap is because the wealthy isn’t doing anything with their money (smart thinking!!) because they don’t know what to invest in because the past two administrations suck and the poor needs that money flowing otherwise they get poorer.

The writer of this post simply was wanting people with less money than “wealthy” people to envy them. Make them think that they’re the problem. That they’re the ones to blame. This has all the makings of class warfare ala Nazism vs the Jews.

I mean according to this blog… apparently all rich people are bad. So you best not try to be one yourself!! You’ll be bad too!

This is silly.

In my experience, money is simply an amplifier of a person’s personality. If the person is bad, they’ll do bad things with the money, if they’re good, they’ll do good things with it. In either case, they shouldn’t be forced to do anything with it. That’s essentially what taxes look like to everyone. However, taxes are needed – but definitely not in the percentages we see today through different classes. If they are forced to, others should pay their fair share of taxes if we’re gonna tax the heck out of the wealthy. People who are willing to work for that money shouldn’t be penalized because they were successful in obtaining it. Most often than not, they weren’t shaisters to get it. Most wealthy people become wealthy by actually helping others in selling a product a service…

The Solution:

Let’s just have a flat tax on everyone so the job making wealthy know what they have to earn to out earn their taxes so they can buy that new mansion and the middle class can figure out if there’s indeed a need for new mansions – which would probably provide 3 or 4 jobs for a good part of two years for those who can’t start a business right now!

If you don’t start your own business (you’re own safety net), you’ll always be dependent on someone else for your income. It’s your decision to make more money than you’re paid on an hourly basis – not someone else’s. Maybe you’ll never make as much as them, but you won’t know unless you try. But you shouldn’t tear others down, just to build yourself up. Don’t blame others for your situation. Hitler did – it didn’t end up working out so well for him, did it?

Why Working a 9 to 5 Probably Won't Get You Your Dreams

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That is if your dreams include doing things on your own terms. You know, the sky is really the limit. It’s just that most people don’t know that they need to keep reaching for the sky. Most people let “things and stuff” get in their way of living the way they’d prefer. Many times those “things and stuff” is actually their day job. The truth is that the same reason that a lot of people want to gain wealth is the exact same reason that they never get it in the first place. They think that they are limited by what they can earn by trading hours of their life for dollars. Only problem is that you can’t out earn the problem.

Simply enough, if you want a Ferrari, if you want that big mansion, or heck, if you just want to get another $500/month outside of your job, then you’re going to have to do just that. Produce money outside of your job. Because a job by its nature only pays you enough that it will keep you around – that includes all those nice perks you get (if you’re lucky enough to get them).

The truth of the matter is that if you don’t control the accumulation of assets, then you don’t control the accumulation of wealth. If you don’t control the accumulation of wealth, then you simply don’t control your financial future. Thus working a 9 to 5 job, whatever it is – however cool it is – simply won’t get the job done. Sorry about the pun.

For a good example, here’s our buddy, Pat Flynn of the Smart Passive Income Blog, on this topic when it comes to building online assets:

Whether you’re trying to be a lifestyle or serial entrepreneur (by the definition of what they are, situational entrepreneurs don’t normally have the same goals as the other two), your end goal is to develop enough assets so that you don’t need to trade hours for dollars.

Tip #2 For Young Entrepreneurs – Taking Small Steps

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One of the things that I think is key in developing a successful version of yourself is by doing things that most others wouldn’t do. This is true. However, there’s another thing that makes people more successful than this. Its when you choose to do those other things – over and over and over again – that actually leads to success. For example, what makes the difference between sport champions and other athletes? What makes Peyton Manning and Tom Brady different than other QB’s in the NFL? It’s taking those extra steps to prepare – to practice. It’s taking those steps to study the other team.

What made Tiger Woods who he is? He prepared throughout his entire life to be great. In the following video, “Tip #2 For Young Entrepreneurs”, Mark Nathan asks Derek Kosek what he has done to be successful in his entrepreneurial career. He makes great points.

Obviously being a successful entrepreneur and sports player isn’t the only way that you can put this principle to good use. I’m sure some of you have already put this principle to use. I’d love to hear how you might have already used it in the past… but maybe you weren’t aware that you were doing it?

Tip #1 for Young Entrepreneurs: Know What YOU Want Out of Life

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Imagine, if you will, that you’re a basketball player. You have all the talent you need to be successful and you’ve come up with a regiment for yourself to succeed at your current level. Part of that regiment is just showing up. Another part of that is having someone there for accountability purposes and helping you progress – a coach. But a major MAJOR part of it is having a vision of where it is that you’re going to go and how you’re going to get there (a coach helps with this too!) Because you can run drill after drill, and shoot free throw after free throw – that’s true. But why are you doing that? If you don’t have a picture of yourself winning the game, then there’s not too much incentive to actually do that. To be frank, if you don’t choose to win, you automatically choose to lose.

In life, most of us believe we have a great plan that will get us what we want out of life. Usually it goes like this: Go to school, get good grades, go to college, get good grades there, (some random event???), get a well paying job, be able to support for your family of 2.5 kids and own your white picketed fence house.

That’s one scenario.

Here’s another scenario: Instead of your parents telling you that you should want, or what your boss thinks you should want, or even caring about what your buddies think of you, you should actually do what you want to do. Crazy, huh? Is that previously mentioned lifestyle what you want? Or did someone else give you that goal?

Most people who want to start their own business do it for one of two reasons. They have a great idea and they want to make it a reality. Another reason is that they want to live like a “rock star”. For me, the second was the case. Is yours? If the answer is yes, then would you mind doing a lot of work over a short period of time, that in the end, you’d have a lifestyle with time AND money? Maybe? Depending on what it is, huh?

Well… while you said you might do that, many of those that are considered great at life have already done that. Players in the NFL and NBA – they’ve spent their dues practicing day in and day out. Did they really want to spend all that time playing ball? Hip hop and rock stars? Yeah – they had to practice their talent as well and build up a fan base. Did they really want to do that show in that small town in that crappy bar? Probably not. But the entire time they had a visual for what they were seeking to accomplish. And that’s why they were willing to put the time in. Stardom just doesn’t happen. The lifestyle that goes with it – that just doesn’t happen.

The simple truth is this: right now, whether you know it or not, you’re putting together a picture. Like the picture on the front of a puzzle box. Each decision you’re making in life is a piece of the puzzle – right or wrong. What does your picture on your puzzle box look like? If you figure out out what you want that puzzle picture to look like, decisions in life get so much easier. You stop living just for the now, but you start living for the future.

When you start living for the future, then your best days aren’t behind you – they’re in front of you. That right there should help you get up every day because then you have something to live for. You have a vision. Start making every decision based on where you want to be in 5 years. A wise man once said, “A man without vision shall perish.”

Innovation in Indiana 001: Techpoint Innovation Summit 2010

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In the past year that I’ve been in Indianapolis, one of the groups that I’m glad to be plugging in with is Techpoint. Essentially Techpoint’s goal is to help foster up-and-coming companies from around the state. Also, they act as a podium to bring together speakers from various backgrounds to come and give their two cents on given topics.

On a yearly basis, Techpoint holds two large events that recognize entrepreneurship in Indiana. One, the Mira Awards, features companies from around the state that have done well in their respective field. It is generally sponsored by several schools including Purdue, Indiana, and Ivy Tech as well as several other key names within the state such as Indiana Business Journal, Barnes and Thornburgh, and ExactTarget. While seeing the companies being recognized for their achievements is great, the networking opportunities are awesome. And considering that this is a site dedicated for helping you with your new path(s) in life, if you are in Indiana and specifically Indianapolis, don’t pass up next years Mira Awards!

Secondly, the Innovation Summit is a place where a collection of speakers and business owners can get together and share ideas. In a way, you could think of it as Indiana’s Innovation TED. While I have not attended the Summit, I am looking forward to attending it next week on October 27th. Here’s a video for you to get a glimpse as to why I’m looking forward to it!

Link to the full story via their Blog.

If you’re an Indiana based Entrepreneur/business owner who would like to mix with some of the best minds in the area, I would say it’s in your best interest to make it to a Techpoint meeting in the near future!