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:
- Trade time for money
- 96% of the world is controlled by 1% of income earners
- Your money makes money
- 3% of the world is making income get income
- Multiple streams of income (MSI)
- 1% of the world has MSI that works
Four Ways to Exist in a Capitalistic Society
- Have a job
- Be on welfare
- Be a criminal
- 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
- Sell what you know
- Collect money
- They will never exterminate people who can sue them.
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