Looks like they finally approved the $600.00 stimulus check here in the U.S.A. But we all know that’s nothing. So, what do we do?
Well, one thing we should STOP doing is debating on who is wrong in this situation. Few people are happy we are just getting $600. Many people are also unhappy money is going to other countries. There’s plenty of blame to go around with this stimulus bill.
We can debate this all day, but what will that prove? Even if it turns out you are right, the problem still exists. Instead of debating blame, we must shift our energies into something more productive.
If this entire debacle doesn’t do anything else, it should wake us up to the fact that we must begin creating multiple streams of income and passive income. That isn’t just a U.S. thing, it’s a WORLD thing. Millions of people in various countries are reliant on stimulus checks printed by their government, but what if they stop printing money? What if the checks stop? What if stock markets around the world crash? Then what?
If the stock market crashes tomorrow, what would you have to show for it?
Many people think the market will continue going up, but history says otherwise. This chart clearly shows how the markets fluctuate over the years:
Markets go up, markets go down. When will it drop again? No one knows.
We can not rely on governments to help us. We must start helping ourselves, and this is accomplished by slowly accumulating assets. Instead of spending all our money on items that lose money like clothes and televisions, we must start buying assets that hold onto their value and could even provide some sort of income or revenue. This is the ley to surviving in 2021.
We can’t wait, the time is NOW.
Why Buy Assets Now?
We are told to buy assets, but many people don’t understand why. The answer is simple:
As time goes on, the things we can buy today may be too expensive in the near future. For example, let’s look at the price of various products over the years:
As we can see, things have gotten much more expensive over the years. Unfortunately, the purchasing pwoer of the dollar did NOT keep up with the rising costs.
This picture clearly illustrates how the dollar’s purchasing power has diminished over time. How much more will it decrease? No one knows, but this is why you must purchase assets now while you are able.
In other other words, don’t waste this money buying things that decrease in value. Its more important than ever that we invest our money wisely, because one day we may not be able to.
There are many assets to accumulate. learn more in my book Invest For Success: Millionaire Wealth Strategies Not Taught in School. If you don’t take care of you, who will?