Economics is war; no longer is a community controlled by
guns. Countries such as Jamaica are now controlled by the banks. Through the
IMF, World Bank and China, Jamaica is at their mercy. This means they control
all aspects of Jamaican society. At this point, the only things Jamaicans have
are the flags you see in Jamaicans waving and those were made in China but are
sold to our community by the Indians. Am I lying?
Everyone wants financial freedom but what is your game plan
to fight the economic battle? When you google financial freedom many classes
are offered by some “expert” , a book promotion or a You Tube channel giving
you some “ how to” instructions. Whatever plan route you choose, consider the
following:
1.
Begin to control your debt. Learn the difference
between good debt and bad debt. Good debt can allow you to leverage your taxes,
while bad debt means you are working just enough to pay the minimum interest
balance on your credit card. The only thing happening is that you are a hamster
on a wheel – running fast and going nowhere.
2.
Develop a saving culture. Save something from
every paycheck. It can be only $10.00 but this is something. Save your money so
your money can save you.
3.
Invest in real estate, socks, bonds and silver
as soon as possible.
4.
Have multiple streams of income. If you work a
9-5 mf then on the weekend get a side hustle or an online gig for the weekend.
5.
Have financial knowledge. If you must, choose
knowledge over college. Yes, you should get a degree if that is a passion for
you but keep in mind that you may not get an income from that piece of paper
after four years.
1 comment:
Preach!
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