Detesting The Rich

I had a discussion earlier this evening with a friend of mine. He and I differ in our political views so our banter can get somewhat heated. However, we both like to play (and make money) in the stock market so we cast our differences aside in an effort to share knowledge which will pay off in dollars. Tonight we came across the mindset of attacking the rich.

Many seem to feel that the way to better economic prosperity is to take from the rich. They believe that the way to economic growth is to 'level the playing field'. Without going into a long detailed discussion about the merits of this point of view, I will state that the best way to get along with this idea is to become one of the rich. Instead of detesting them, join their ranks.

Society teaches that we are stagnant in our place in life. Politicians like to talk in terms of class warfare. Terms such as rich, middle class, and poor are thrown out without any reference. The trouble is that nobody explains what this means. For example, we hear about the elimination of the middle class. Okay, if that is true, please define what middle class is. How much money does one need to make to enter it? At the same time, where is the line between this group and rich? Therefore, how can you detest what you cannot identify?

That being said, the concept that is applied is evident. People are stirred up because of jealousy. They feel it unfair and unjust that someone should have such excess. This is where politicians are able to pull the strings of others. Instead of getting riled up at the 'unfairness' of it all, set out to change your life. The truth is that the only life that should matter to you is yours.

For those who live in the United States, there are still huge opportunities to get ahead. The stock market (and other investment vehicles) are tremendous mediums for achieving this end. It is amazing to me how little most people know about this arena. Consider the fact that they will slave away for 40+ hours a week to earn $X per hour. Yet when it comes to the money set aside for investment, they put it in the hands of a financial adviser (read salesman).

Did you realize that earning 20% return is a fairly common occurrence? Of course, you will not hear this from the mainstream media. They will tell you that 96% of the money managers cannot beat the S&P. That is true. Does that mean you cannot? My experience is that anyone can. It is a big advantage to be able to enter and exit a stock (or option) in an instance. Money managers have millions of dollars in their positions. The time it takes to unravel them is weeks. This single fact offers a huge advantage to the small investor.

The point here is not to get into a financial discussion. My premise for writing this is that freedom entails focusing upon the financial aspect of life. Many will spend 40 hours a week to earn peanuts in terms of pay but wont spend 5 minutes learning about investing. Ironically, it is easier to exceed your income in the financial arena than most realize. Trust me when I tell you that making $30,000 a year in the stock market is nothing.

Of course, none of this will ever take place if you detest the rich. Your internal makeup comes through in all that you do. Remember this. It is highly unlikely that you will become what you despise. Therefore, get rid of the notion that the rich are deplorable slugs designed to be hated. If you want to get back at them, become one of them and walk in their circles. Then you can tell them personally what rotten sons-of-bitches you think they are. Short of that, you are falling victim to the whims of the political elite. The class warfare game has been played for centuries. Remove yourself from this battle.

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