Speaking of the internet, there is an awful lot of trash talk out there, and everywhere, about capitalism. Everyone from the Pope to the bum on the street has a beef with capitalism. And much of it is legitimate. But to paraphrase Sir Winston Churchill, capitalism is the worst kind of economic system, except for all those other forms that have been tried from time to time.
Still, there are a couple of reasons why you will still want to read this blog about how to thrive in a capitalistic society.
But before we start, and as a sort of introduction, let’s remember that capitalism, at its core, is the accumulation of wealth (capital), not for its own sake, but in order to put the capital to work creating a product or service that will, in turn, make money. “Make” is used deliberately in this sentence. Most wealth results when capital is accumulated and put to work.
Who gets that wealth? Let’s make sure you do. Follow these rules:
Yes, you can point out examples of celebrities or the wealthy who are making it work. Money is funny. It helps the rich get away with stuff that will absolutely destroy the poor people who do the very same stuff.
But, don’t be overly dogmatic, accepting help is appropriate if it gets you down the road to your goals.
When accepting help, you cannot feel as though the help is permanent. When you accept help (and you MUST!) have a plan for when the tables turn and you can help others. If you have no plan, no hopes, and no dreams, there will be fewer people interested in helping you.
Money is funny. It divides people into two types. In the midst of your despair and poverty, most of your friends will find ways to mock you for having dreams and hopes. They will tell you to be realistic and just accept your fate. These people will not be able to help you acquire wealth. They do not know how.
Alternately, those that have wealth understand the power of dreams, because they followed their dream and it led them to where they are today. Capitalists, conservatives, Republicans, and others of that ilk have gotten a bad reputation for being stingy about aid. These folks, in fact, are especially generous on a personal level and are careful stewards in determining where their time and money is donated. They want to see that you have a plan, that you dream of a better day.
7) Grow your wealth. Once you have enough money tucked away to live on for 3 to 6 months, start looking at ways to push money into an account that yields a little more interest. You will probably live to be 80. Don’t be a burden to your friends and relatives. Grow your capital. Money is funny, once it starts to build it really takes off and lets you fly. But you must be on the right side of the lending proposition (as graphically depicted in the figure that starts this post) or, as you saw in point 4, it will bury you.