Whats good Wealthbuilderz its yah boy DeVaughn back again and today we are talking about a serious topic. I wanted to touch on and thats how to fix wealth inequality in america so lets go!
The Numbers Behind Wealth Inequality In America
First and foremost lets talk numbers.
The top 0.1% of Americans now own about as much wealth as the bottom 99% combined
•One in five Americans has zero or negative net worth
•Nearly half of households lack a basic personal safety net to prepare for emergencies
•It would take black families 228 years to amass the same amount of wealth white families have today,
if the average black family wealth continues to grow at the same pace it has over the past three decades. For the average Latino family, it would take 84 years to catch up.
This is literally a lifetime to catch up but truth be told we can’t worry about catching up per say. We have to worry about fixing the now and setting the ground work and moving forward.
I’ve come up with a few ways that we could fix the wealth inequality in america
without getting too radical.
Top 5 Ways To Fix Wealth Inequality In America
We have to change our mindset from being only consumers but turn it to producers. Meaning create something and sell it for a profit.
Everyone has a talent and should use that talent to make a profit in some shape or form even if you don’t consider your self an entrepreneur. You can make more income online then your job
without quitting your job.
2. Learn about money.
To build generational wealth we must first learn how investing our money works.
We must learn atleast the basics like stocks, bonds, bitcoin, real estate and other assets
to invest in before we can close the gap its not about savings only.
3. Teach our kids about Money
We can’t begin to close the gap without teaching our kids how to handle money better.
So we must learn it our selves and then teach the younger generation how to use their money.
4. Begin to invest
We dont have to invest large sums of money to become weatlhy. We have to use what we call Compound interest. Which means over time the interest that is gained you reinvest to gain bigger amount of interest.
5. Becoming online business owners.
You can get mad at me for bringing this up but this is the secret sauce to closing the wealth inequality in america.
The fact that online usage is continuing to grow and there seems to be no end in sight it would be in your best interest to use this vehicle to grow your wealth at a extremely faster rate then we’ve ever seen before
Click here and I can show how to build your wealth online using my wealthbuiding system
Until next time its yah boy DeVaughn
signing off for
how to fix wealth inequality in america
Thanks for reading
Do remember wealthbuilderz
How To Fix Wealth Inequality In America Video