Have you ever heard of the 90/10 rule?
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You might, you might not. Allow me to explain, please, take a seat.
Read Time: Less than a minute.
The 90/10 rule states that 90% of wealth is owned and controlled by 10% of people.
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10% or 90%?
Put another way, 90% of people are working to make 10% of people richer. It may sound unfair, and it is, however that is life.
Do you want to be in the 90% club or the 10% club? I though so, who wouldn’t.
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How To Get In
The thing about the 10% club is that not just anyone is allowed in and it takes a huge commitment of time, energy and risk to get the pass. Are you willing to put in that kind of commitment? Really? Do you even know how much time, energy and risk it takes?
Your financial intelligence is possibly the most powerful part of the greatest asset you own, your mind. It is your financially intelligence that is ultimately the foundation for acquiring great wealth and joining the 10% club.
How do you increase your financial intelligence? Well, investing in my new ebook, “CHOOSE – Master Of Money Or Slave To It” is a great start as it will give you a foundation on which to build your knowledge and may open your eyes to some shocking truths about the world of money and how the game is played. Yes, I know, a shameless plug. But then this is my blog after all so learnt to love it.
Beyond that though, investing in your financial intelligence is a lifelong area of study but the payoffs are worth it.
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Take Home
I challenge you to think about all the hard hours you invest in working for money and think whether it is worth putting in a few first learning how to have money work for you.
Money can be like the umperlumpers caliber of worker if you know how to manage it properly. If you don’t it is more like the thief in the night. Ok, i’ll stop now.
10 Comments
Jonny,
I have to admit that developing a process to make money work for me sounds incredibly tempting. Being in search of serious wealth means never giving up this desire, and in my opinion a great amount of work and effort, at first at least. Good luck with the new ebook!
Hi Joe,
Tempting it is though the work is insane so you had better pick something you enjoy.
Cheers for the comment.
What a mystery? So your ebook will teach us how to make more money with our money? I’m interested in hearing more details.
Hi Larry,
Welcome to the site.
What the book will do is teach you the rules of the wealthy and the money game. It’s the first step in increasing your financial intelligence which, in turn, will significantly increase the money in your pockets.
If 90% of the people are working to make 10% richer, then why is it so much work to become rich? Honestly, Jonny, I think the focus on cash may be misplaced here. Having enough to live life fully with my family and friends is my real goal. I look forward to the eBook. Thanks for sharing your thoughts with us!
Hi Joey,
A very good point, excessive cash will not make you that much happier, especially after you get past the $70,000 a year mark, so say the “experts”. The trick in understanding the game and how it is played is so that you can protect as many precious hours of your life as you can. It’s the hours you save that you can spend with your friends and family that are important in my mind. Most people work until mid May of each year for the government and I want to open peoples eyes to the other way of playing the game.
Thanks for the comment.
Some may get into that 10% by luck, or inheritance, or maybe even criminal activity – but a lot of the people in that % have had to put in a lot of work to get there (as you mention). So, I don’t think it is altogether fair to say that 10% are benefiting from the work of 90%. If anything, 90% of people have work to do BECAUSE of those 10%.
Great post!
Hi Steven and welcome to the site,
An incredibly good point. In fact I am quite the advocate of capitalism and it’s benefits exactly for that very reason. Those that have made it into the 10% of wealth have usually created something of great value to the world and 90% of people potentially have jobs because of that creation.
Steven, More people get into that “10% club” by inheritance–or at least some amount of unearned privilege–than we might imagine. For almost all of the people (families) at the upper echelons of wealth, a convergence of factors enabled them to reach peaks that shear hard work could not have.
I’m not in the 10% club, but I can even recognize how I’ve been helped along the way:
I went to a public school in the wealthy suburbs of Washington, DC in Maryland. I had college credits racked up–for free–before I finished college. I got a boost that my friends in failing schools didn’t.
My parents paid for part of my college education so I could focus on school and on extracircullars that would advance my career (I worked at the college tv station which had me working with ESPN, Fox, and covering premieres and awward shows). My friends who had work study jobs were staffing the library and print centers.
I got a scholarship–in part because of all those AP credits–which enabled me to “pay” for the rest of my college education without having to take out loans.
When I graduated college, I was offered a mid-level job at a national television. Who offered me the job? A friend’s dad… a friend that I went to high school with. In the suburbs of Maryland. Where we lived because my parents could afford to.
When I quit my job, the woman who replaced me–who has 10 years more experience than I did–was paid just about half as what I was making.
So yes, I have worked hard since I was young to get smart, figure out the system, perform with excellence, set high goals, and work tough. I was also handed a lot of privilege and so I’d be naive if I said “I built this all myself!”
Great response Brian,
It’s good to hear that you understand that hard work is required but actually who you know, what you know and the genetic lottery determines a huge amount of our success in life. Therefore, those of us who have access to an internet connection would do well to take a moment and remember just how fortunate we are.
Thanks for the comment.