Almost always, the creative dedicated minority has made the world better.
MLK
Gentrifanatics!
It’s been a long time.
I shouldn’t have left you.
Without a dope post to read through!
Growing up being mixed with black and white I was always the minority.
Whether I was around my black friends or my white family. Being mixed is just like that.
Funny thing is, I like it that way.
I’m positive that everyone reading this has felt like they were going against the grain of normal society at some point.
Gentrifanatic is about wealth, health, and wellness. These are there things that elude a lot of Americans.
I’ve always enjoyed being different then other people but also finding ways to relate to them.
Once I started on my path to financial freedom I realized just how much I didnt want to be like the average person.
In this post you’ll hear about how to be a minority, and why that’s ok.
Step 1: Observe Liberally, Follow Conservatively
Every trend in making money isn’t worth your time.
Take Bitcoin for example!
You need to know all of these ways to make money but you should focus your efforts on one niche of creating passive income.
Understand that real estate is a category with numerous niches in it.
There are so many ways to make money and some that no one has even figured out yet.
Understanding these things are rare, that’s why understanding them makes you a minority.
Be selective about what you choose to act on. Then focus your efforts
However…
It’s always good to know multiple disciplines so if an opportunity to pivot arises you can recognize it and take it.
Being like everyone else when it comes to finance is definitely not the best way to go.
Be a minority, because the majority is on the losing end.
Step 2: Understand What The Majority Looks Like
Let’s take a look at some financial statistics from average Americans (as of January 4, 2018)…
Student Loans
A majority of college students that takes out student loans owe more than $30k.
Salary
When it comes to what Americans make on the job the majority bring home $30,533 per year. Factor in what the ultra wealthy make and that number jumps to $46,641 per year.
Retirement
Retiring for the majority of Americans will be rough; 55% will enter retirement with less than $10k.
Car Payments
USA Today reported that the majority of Americans pay a car note of $503 per month.
Social Media
Being social is important. That being said so are finances. One survey shows that the majority of Americans spend 5.3 hours on social media and just 2.6 hours on their finances.
Financial Concerns
One survey asked Americans to identify their financial concerns in 2018. Here are the top 3 concerns:
- Improving Credit (73%)
- Managing Debt (50%)
- Saving More Money (41%)
Step 3: Understand Why The Minority Is Better
Just looking at these last three concerns from your fellow Americans should set off alarms in your head.
If you’ve read any edition of Gentrifanatic then you know that credit should not be anyone’s first financial concern.
Related Posts:
Why You Should Be On F.I.R.E.
Passive income is what minorities strive for. As you’ve seen, most Americans are worried about their credit scores and saving money.
Saving Your Money Will Never Make You Rich!
As a minority you know the financial traps set up for you to fail. Buying liabilities instead of assets.
Who really needs a $500 a month car?
Once you understand that most everything that you see on TV and social media is designed to make money off of you then you’ll begin to join the ranks of the minority.
Just look at Facebook and the Zuckerberg testimony. You dont spend any money to be on Facebook, they dont sell you any products.
Do you know what that means? It means you’re the product!
Minorities understand the world around them, including the majority point of view.
Break free!
I’m always here to help.
