Daily Meeting - Personal Finance 13: The Camel Trader of BabylonYou Are A SlaveAre you a free man or are you a slave? (Question posed in the book)You are a slave. The system is designed that way.The system is designed that way because you are a slave.This slavery has nothing to do with the color of your skin or the amount of money in your bank account.The only thing your life has come to is are you a slave or are you free.Chapter Recap from Grace Sandles@Grace Sandles Dabasir told the his story of when he was younger and started to owe debts and couldn’t pay them.He became a slave to Syria. He indulged and bought stupid stuff when he had money instead of being smart with his money.When he was taken as a slave, they were going to make him a Eunic.“How can you call yourself a free man if your should has brought you to this?” - This is what the wife asked him.He set apart from the other slaves because he was born a free man.If you make no effort to repay, you have the soul of a slave.Your debts are your enemies.The wife allowed him to leave to go back to Babylon and pay his debts.The debts were his enemies but the people he owed were his friends.Where determination is, the way can be found.Money has found its level in you, and that money is equivalent to your slaveryDabasir was born a free man like all of us, but debts made him a slaveSlave has always meant that “I am in debt to the one that lent money, so I owe services until the debt is paid.”If you are generating any type of service for income, you’re a slaveAs soon as you take someone’s money, you owe themIf you have money but have to continue to protect whatever you have, you’re a slaveNew money goal: Have so much money that money’s not even a goal“How can you call yourself a free man when your weakness has brought you to this? If a man has in himself the soul of a slave will he not become one no matter what his birth, even as water seeks its level? If a man has within him the soul of a free man, will he not become respected and honored in his own city in spite of his misfortune?”How can you call yourself a free man when your harvest says otherwise?If you don’t own the pot of gold factory, but you’re flipping the pots, you’re a slave“If you want to make six-figures stay a week ahead of people. If you want to make seven-figures stay a month ahead of people. If you want to be a billionaire control the industries the six and seven figure people dominate.” - Antonio T. Smith, Jr You’re never going to make yourself wealthy as a slaveIt wasn’t until Dabasir paid his debts to people that he became a free manIf you have any money that you have to pay out of your pocket, you’re a slaveDon’t ever believe in your retirement againHow to Get Out of SlaveryI will have no other debt that other people don’t pay forThe goal is to generate income, not makeThere are 3 ways to exist in money:Trade time for money 96% of the world is controlled by 1% of income earnersYour money makes money3% of the world is making income get incomeMultiple streams of income (MSI)1% of the world has MSI that worksFour Ways to Exist in a Capitalistic SocietyHave a jobBe on welfareBe a criminalBe a prisoner (jail)Every great country was invented from free laborUnearned income is the holy grail of it all in a capitalistic societyIt’s not meant for you to win; it’s meant for you to be a product in a capitalistic society Your job is to be someone else’s unearned income, and the only way to flip that is you making your money a prisonerIf they can’t put you in jail, they’re going to put you in debt slaveryThey don’t like you educated; they like you entertainedCentury of Selfhttps://www.youtube.com/playlist?list=PLwAQag0YYXIRg5wegt41-kAgt7D7q3XQF20 Years Later, Parts Of Major Crime Bill Viewed As Terrible Mistakehttps://www.npr.org/2014/09/12/347736999/20-years-later-major-crime-bill-viewed-as-terrible-mistakeTwo Ways to Get MoneySell what you knowCollect moneyThey will never exterminate people who can sue them.Support this podcast at — https://redcircle.com/the-secret-to-success/exclusive-contentAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related