Scarcity: (1) Insufficiency of amount or supply (2) A trap of FEAR (F-alse E-xpectations A-ppearing R-eal)
A majority of America is trapped in a mindset of Scarcity. This is true for everything from the air we breath to money we save for retirement. The ice cap is melting, we are running out of air and I can't save enough for retirement.
The popular mindset and theory on retirement is to save up as much money as you can and then die before you run out of money. I don't know about you but I don't want living too long to be a defeat. People get trapped in the mindset that "I can only make money if someone else looses money." When you are stuck in this mindset you miss the opportunities to make more money and not have to worry about running out of money. Your only thought is to hord and save and not put your money to work.
Creating passive streams of income by owning real assets that throw off income is the way to retire without worry of living too long.
I am not the first person to advance this theory but it is always worth repeating. Authors and speakers such as Robert Kyosoki teach this and have changed many peoples' mindsets. The only problem with this is that they never give you the "How" to get you over the wall to the promised land of owning assets and creating passive streams of income.
I am devoting this blog to the open discussion of how people can change their mindset, turn their financial futures around and create a life that doesn't have to worry about whether the government will buy my perscription drugs or how much the stock market can go down before I have to go back to work.
My passion and career is commercial real estate investing and helping my investment partners create passive streams of income.
Let me know what you think and stay tuned for more stuff.
Steve
Comments