Daily Meeting - Personal Finance 13: The Camel Trader of Babylon

You Are A Slave

• Are you a free man or are you a slave? (Question posed in the book)
• You are a slave. The system is designed that way.
• The system is designed that way because you are a slave.
• This slavery has nothing to do with the color of your skin or the amount of money in your bank account.
• The only thing your life has come to is are you a slave or are you free.

Chapter Recap from Grace Sandles@Grace Sandles 

• Dabasir told the his story of when he was younger and started to owe debts and couldn’t pay them.
• He became a slave to Syria.  
• He indulged and bought stupid stuff when he had money instead of being smart with his money.
• When he was taken as a slave, they were going to make him a Eunic.
• “How can you call yourself a free man if your should has brought you to this?” - This is what the wife asked him.
• He set apart from the other slaves because he was born a free man.
• If you make no effort to repay, you have the soul of a slave.
• Your debts are your enemies.
• The wife allowed him to leave to go back to Babylon and pay his debts.
• The debts were his enemies but the people he owed were his friends.
• Where determination is, the way can be found.

• Money has found its level in you, and that money is equivalent to your slavery
• Dabasir was born a free man like all of us, but debts made him a slave
• Slave has always meant that “I am in debt to the one that lent money, so I owe services until the debt is paid.”
• If you are generating any type of service for income, you’re a slave
• As soon as you take someone’s money, you owe them
• If you have money but have to continue to protect whatever you have, you’re a slave
• New money goal: Have so much money that money’s not even a goal
• “How can you call yourself a free man when your weakness has brought you to this? If a man has in himself the soul of a slave will he not become one no matter what his birth, even as water seeks its level? If a man has within him the soul of a free man, will he not become respected and honored in his own city in spite of his misfortune?”
• How can you call yourself a free man when your harvest says otherwise?
• If you don’t own the pot of gold factory, but you’re flipping the pots, you’re a slave
• “If you want to make six-figures stay a week ahead of people. If you want to make seven-figures stay a month ahead of people. If you want to be a billionaire control the industries the six and seven figure people dominate.” - Antonio T. Smith, Jr 
• You’re never going to make yourself wealthy as a slave
• It wasn’t until Dabasir paid his debts to people that he became a free man
• If you have any money that you have to pay out of your pocket, you’re a slave
• Don’t ever believe in your retirement again

How to Get Out of Slavery

• I will have no other debt that other people don’t pay for
• The goal is to generate income, not make
• There are 3 ways to exist in money:

1. Trade time for money 

• 96% of the world is controlled by 1% of income earners

1. Your money makes money

• 3% of the world is making income get income

1. Multiple streams of income (MSI)

• 1% of the world has MSI that works

Four Ways to Exist in a Capitalistic Society

1. Have a job
2. Be on welfare
3. Be a criminal
4. Be a prisoner (jail)

• Every great country was invented from free labor
• Unearned income is the holy grail of it all in a capitalistic society
• It’s not meant for you to win; it’s meant for you to be a product in a capitalistic society 
• Your job is to be someone else’s unearned income, and the only way to flip that is you making your money a prisoner
• If they can’t put you in jail, they’re going to put you in debt slavery
• They don’t like you educated; they like you entertained

Century of Self

https://www.youtube.com/playlist?list=PLwAQag0YYXIRg5wegt41-kAgt7D7q3XQF

20 Years Later, Parts Of Major Crime Bill Viewed As Terrible Mistake

https://www.npr.org/2014/09/12/347736999/20-years-later-major-crime-bill-viewed-as-terrible-mistake

Two Ways to Get Money

1. Sell what you know
2. Collect money

• They will never exterminate people who can sue them.

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