Are You Rich?

The common response to this question is: "Define rich" 

It has long been said that the United States population is an unknowing participant in perhaps the largest social experiment: CREDIT DEBT 
 
This is something that has been designed and tweaked since before the creation of the non-government-entity known as the Federal Reserve. The Fed as it is nicknamed was fashioned after the Bank of England (also not a government entity). The name usage: (Federal and England) are a play on the minds of citizens so that you 'think' that they are fully controlled by the governments of the United States or England which they are not.

Are you rich?
 
Most likely if you live in the United States... even if you live in a large home, drive a new car, belong to a country club, frequently dine out, and have lots of nice new things; you are most likely poor!!!  For if you owe your bank, monthly payments so that you can have these things, you my fellow citizen are poor. In these United States, the financial community has designed a standard of living based on credit. And as long as you frequently utilize that credit system, you make the financial community richer while you get poorer. And what else? Oh! You don't own those items you are just renting them.

Are you rich?

If you owe monthly debt (credit, mortgage, car) you may think your doing well.  Your standard of living might be the same as a neighbor, in that you both have all the same things; but if your neighbor has no monthly debt, guess who's rich and who's poor (and only copies the neighbor's standard of living while making themselves poorer and the banks richer) guess...go on guess?

Are you rich?

Do you use credit to get 20 days of free money before you actually pay for the charge in day 21?
If so, then not only are you rich, you are smart too!

Are you rich?







To be truly rich, you have to do what all the great authors say:
  • Pay off all your debts (have no regular payments for items/services), which includes your home, car, and education
  • After paying your obligations (food, gasoline, utilities) you invest the remaining money
  • Look for and exercise money-saving tips and services in every day life
  • Drive less and do not make unnecessary trips
  • Watch your diet and exercise to reduce health hazards which can take money from your savings
  • Maintain an emergency savings fund

-From the publication: Millionaire Credit

If you have reached the point of using credit to purchase the necessities in life: food, health care, etc. your wealth has already been destroyed and you are among the poor.  Now of course, there are people worse off than you because they don’t even have the privilege of using credit. Yet they may not be so poor because they are not tied down by debt either. It seems odd that most people consider being in possession of a credit card as a sign of prosperity when the opposite is true unless used properly.  

What is credit? 

Credit is debt, an obligation, a liability, being in arrears and money owed. Allow me to word it like this. Money owed via credit is an obligation of debt placing one in arrears through liability. 

Sounds very much like slavery. 

Now that you have gotten use to living a certain standard, the American dream, you are trapped under obligatory liability that daily is putting you further in the arrears due to debt.

But you use credit so you don’t feel like a third world citizen in a first world country where you can’t keep up with the neighbors who recently purchased the latest ipod.

This was planned and you have helped it succeed.