Fact: 1 percent of the population owns 95% of the wealth of the world
Why? Because living on 1% of what you earn every year is HARD if you earn "only" (52 weeks x 5 days/week x 8 hours/day x minimum wage ($9.00/hr)) = $18,720.00 x 1% = $187.20 but living on 1% x $1,000,000,000.00 (1 billion) = $10,000,000.00/year is EASY.
The worlds wealth is limited to 100% (no more and no less) at any given time. Who owns what percentage at any given time is determined by how much wealth each of the population owns divided by the accumulated total.
If one saved(invested) 99% of what they earned every year and lived on 1% like the "1percenters" then they would eventually become one of the 1% that own 95% of the world's wealth also.
The "poor" don't give away their AMOUNT of wealth easily and neither do the "wealthy"!
So the only way to move from the "poor" end of the spectrum to the "wealthy" end of the spectrum is to DO IT YOURSELF. Are you a 1%er or a 2%er or a 3%er ... etc. Do you even know from n = 1 to 100 which n%er you are? This year?, Last year?, the year before that?
No one starts off as a 1%er. They earn their way there.
Those that live paycheck to paycheck are 93%ers and the 7% missing is collected (compulsorily, obligatorily, mandatorily or in a manner that cannot be evaded) by the government (think CPP: 3.5% employee + 3.5% employer). Why? Because "paycheck to paycheck"ers are like drug addicts; No amount of money PUT in their hands would ever be enough. I think these type of fools are running the country! We need more and more TAXES, they say, to keep the government going! They do need tax dollars every year to fund the government but their percentage of GNP (Gross National Product) should NOT rise it should fall. As a country's collective wealth rises the government's tax dollar needs should decline as a percent of GNP or at the very least stay the same.
I live in a "cardboard box" (metaphor). Zero rent, zero property taxes, zero hydro, zero telephone, zero for internet. I live on less than 1% of my yearly income. I live within $15,000.00 so I invest the other 99% or $1,485,000.00 (minus taxes) buying up the world's wealth every year.
I started as a 60%er the moment I got my FIRST job at 14 years old. I was down to a 1%er in 10 years. Thank "God:dog" because I was in a truck accident when I was 24 years old that left me paralyzed from the chest down(a quadriplegic).
If I want something, I buy it, the problem is I want very little. When you change the way you think and use money, your priorities in life change as well.
A famous quote that has resonated within me all my life is: "Give a man a fish and you feed him for a day, but teach a man to fish and you've helped feed him for a lifetime."
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