Finding the Source of Wealth, Not Following the Sidewalk Roadmap
Some of us don't really know what road to take, we listen to dictate of others, and we are more comfortable to take the road others have already taken. But how about making and taking your own way, that will lead you to become wealthy?
A Sidewalker exists in a state of one-something-from-broke: One album failure from broke. One business deal from broke. One gig from broke. One layoff from broke. On the Sidewalk, you're always “one something” from being homeless, bankrupt, or back living in your parent's basement.
Yes, some Sidewalkers actually earn large incomes, but none of them ever obtains true wealth. Don't let the contradiction fool you. The Sidewalk doesn't have an exit ramp to wealth-only a “DEAD END” sign signaling impending doom. The Sidewalker's road trip is a financial treadmill with a destination that
typically ceases at bankruptcy or a crisis of reckoning.
What Is a Sidewalker?
A Sidewalker's financial destination doesn't exist. The plan is to have no plan. Surplus money is immediately spent on the next great gadget, the next trip, the next newer car, the next fashionable styles, or the next hot fad. Sidewalkers arecarelessly trapped in a “Lifestyle Servitude” fed by an urgent, insatiable need for pleasure, image, and instant gratification. This perpetuates a cascading cycle that
spins faster every month, increasing the velocity of the burden, forever enslaving the Sidewalker to their job or their business.
The Sidewalk is the road most traveled because it's the path of least resistance. Its siren song is instant gratification, and money is a hot potato that's quickly exchanged for the latest fix of the day. Want to witness how Sidewalkers live and think? Watch the television show Judge Judy for a few hours. Daughters suing moms for $100, people denying responsibility, consequence ignorance, people
wanting rent for free. Seriously, the show should be renamed Life from the Sidewalk.
The Mindposts of a Sidewalker
The Sidewalker's roadmap contains behavioral characteristics that drive the Sidewalker's actions. These mindsets are signposts, or “mindposts” that guide the Sidewalker through life.
Debt Perception:
Credit allows me to buy things now! Credit cards, consolidation loans, car payments-these supplement my income and help me enjoy life today! If I want it now, I'm going to get it now.
How Firm is Your Belief to Wealth?
Time Perception:Time is abundant and I spend money like there's no tomorrow. Heck, I could be dead in two weeks, and you can't take it with you!
Education Perception:
I finished school when I graduated, hooray!
Money Perception:
If you got it, flaunt it! Why save for a rainy day? I spend every dime I earn and most of my bills are paid on time; isn't that being fiscally responsible?
Primary Income Source:
Whatever gig pays the most is what I will do. I chase money baby! It's all about the Benjamins!Primary Wealth Accelerator:
Net worth? I hit the casino, I buy lottery tickets, and I have an active lawsuit against an insurance company … does that count?
Wealth Perception:
He who dies with the most toys wins!
Wealth Equation:
My formula for wealth is (Wealth = Income + Debt).
Destination:
What destination? I live for today and I can't be bothered about tomorrow.
Responsibility & Control:
Everything bad happens to me. The man is keeping me down. I am a victim. It's someone else's fault.
Life Perception:
Live today, to hell with tomorrow. Life is too short to plan any further than 30 days out. You can't take it with you! You're only young once! Besides, I'll hit it big someday.
Source: The Millionaire Fastlane by: MJ DeMARCO
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