01 Nov 084 Financial Excellence: You Can Be in the 1%
Episode 84: You Have the Ability to be in the 1%, Oct. 18, 2011.
Today I had hoped to get Reverend Elijah on the show to share the story of his childhood in Uganda. Before he was six years old, he was abandoned, poisoned, and kidnapped to be sacrificed by a voodoo witch doctor (three separate events). As a teen he was ready to commit suicide until he found a church and converted to Christianity. Now he’s the founder of Living Hope Uganda, a ministry that not only feeds hungry people, but teaches them the skills to earn income for their families and change their economic future. Learn more about Living Hope Uganda at www.livinghopeuganda.org.
Anywho, Occupy Wall Street has been in the news, but what are they trying to accomplish? Are they mad at rich people for figuring out how to build wealth while the so-called 99% didn’t? Are they just mad in general? Do they expect wealthy people to give them money? Read the show notes below to see what I actually did talk about this morning.
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- I was raised in an environment where if you didn’t like your situation, it was up to you to change it. Not the government. Not your employer. Not the rich people. YOU.
- I don’t make a lot of money, but I feel a lot closer to the 1% than the 99%. I don’t think redistribution of wealth is a good thing. I believe that was tried in many communist countries and it failed miserably. Look at how many people risked their lives to escape East Berlin when the Wall was still up. They risked it all (and many died) to have a taste of live on the capitalist side, where they had opportunity.
- America is still the land of opportunity. If you don’t believe that, you should read Scratch Beginnings by Adam Shepard.
- Stacey wrote in with a question about whether you should invest 15% of your gross income or net income.
- Matt wrote in with a question about the current GOP presidential candidates’ financial plans for the country.
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