I hope most of you have read my article “Why everyone should be wealthy“. This particular post is pretty much related to that one.
Before I continue, let me say that a lot of the issues I was going to cover in this post has actually been covered in the COMMENTS section of “why everyone should be wealthy.” So, I’m going to touch just a little bit on this issue.
Let me say that my definition of being wealty, rich, is actually achieving financial freedom. To me, financial freedom, wealth, rich, is interchangeable. Also, do understand that the meaning of financial freedom is rather subjective. It is up to the individual to interpret the meaning. One can claim to be financially free by having a passive income of $1000 per month while another can’t regard himself as being financially free even though he gets $100,000 of passive income per month. Also, having 50 billion dollars passive income per month but spending 100 billion dollars per month does not constitute as financially free to me.
Whatever it is, it is great to have “everybody” working towards a common goal of financial freedom. However, realistically this is not achievable. In fact, it should not be achieved in full scale. Here’s why:
1. It is againts the natural order of the world to have everybody being wealthy. If everybody was to be rich, we will have a huge problem. We wouldn’t have people serving in the armed forces, the national security forces, we wouldn’t have barbers, garbage men, accountants, and etc. If everybody was to be CEOs, who’s going to assume the responsibility of the employees?
2. Ever heard of Yin and Yang? When there’s a good thing, there’s always a bad thing. The world is balanced. The presence of two opposing forces is the foundation of the world’s existence. When there are wealthy individuals, there will always be poor individuals. Imagine having 10 billion of Nadliques in the world. Problem problem problem.
3. People of different skin colours, different beliefs, different ethics, different traits & characteristics, exist for a reason. Because of this diversity, we have different ideas and different perceptions. All contributes to the journey of life being interesting.
4. One man’s ideal is another man’s “no-no”. One might consider bribe as a way of life while another might regard bribe as a conflict towards his/her ethical understanding. This conflict of perception is also present in the stock market. One might view that the market should go down but in fact, it continues trending upwards for the next hundred years. If that person was in short position, then he’s in a big trouble.
5. The difference of economic and social issues, legal structures, and etc., at various geographical locations. It might be easier for some to achieve wealth in the US than achieving wealth in war-torn regions like Africa.
One thing to note that, when you’re financially free, it doesn’t mean that you’re out of the workforce altogether. You can still work. You can still become an employee. You can earn $50,000 passive income per month but still work as a police officer. Just that, instead of working for money, you are now working because you love the job.
Another thing to add, we wouldn’t have everybody being rich all at the same time. In a society, we have 10-year-olds, 20-year-olds, 50-year-olds, and etc. One can achieve financial freedom when he’s 20 while another can only achieve financial freedom when he’s 60. While it is highly unlikely for everybody to be rich at the same time, who has the right to say that they might not achieve wealth at some point in their lives? Once again I stress, measure of wealth is subjective.
Till next time.
P.S. No, I’m not an expert in yin and yang, philosophy or whatever. The above writings are just of my own point of view.