Debt Is Good! How Can This Be?
We live in a world opposites. This tutorial concerns the rich and the poor & middle class.
Some Rather Consistent Statistics
This is the world of the 5% and the other 95%.
Here are some alarming statistics. They are more or less consistent across the board...
95% of the folks that make up our population (on the average) are comprised of the middle classes, the poverty-stricken ...and those that are not even counted in the Dept of Labor statistics.
That leaves a 5% of folks that run the massive businesses and top investors. We know who many of these are, others we don't even know about. Some are open to educating us folks in the lower classes and some are totally untouchable.
This 5% controls all of 95% of all the wealth globally! The other 95% haggle over the remaining 5% that is left over!
It is no wonder many households in the middle classes are driving around in cars they can't have repaired and some can't even turn on their hot water heaters and air conditioners!
You will see how this ties in to the good/bad debt scenario. It is a major contributing factor on what makes lives the way they are and how folks believe.
More Disturbing Findings...
One day I was going through the membership at EZA. I found, that on average, about 95% of that entire membership has not written any more than 20 articles!
Only about 1% wrote more than 60 articles! I find it is really isn't hard to get into the 1% of this and just about any other article directory!
I find it about the same statistics for just about anything! Look at the New Year's Resolution thing!
How many folks work themselves up to starting whatever project or resolution to do something in life they need to be doing...only to reach that day and perhaps make half-hearted attempts?
By mid February, most folks have reverted back to their old habits and promptly given up on them!
About 5% of these folks actually follow through and own the improvements.
What about here at WA? Though the activity rate tends to be higher than the average, those that actually put forth the work is very small! I hate to step on toes, but this is unfortunately true. If you are reading this and are not active as you should be, I encourage you to do so.
Why the Statistics? This Isn't About Debt
Why I brought this up is because there are mindsets involved here. These are the producing ones and the consuming ones. They are the producers and the consumers. These are the two cities and their economies. Which City are YOU in?
One is very aware of "good" debt and the other is painfully aware of "bad" debt.