Deep Dive into Wealth Part I

I’ve often heard people say, “I’m not getting results when it comes to my finances”. In fact, I was even in that camp at one point, believe it or not. That isn’t the case anymore as I have been able to achieve results greater than I’d ever imagined with my businesses and investments.

But it didn’t really happen until I understood a Law of Wealth that I’m going to share with you.

Here it is:

“Only 3 financial paths exist: poverty, denial or wealth.”

A financial path is the route that we follow day by day in our lives with money. This may be intentional or unintentional. For most, it’s unintentional and not planned or thought about ahead of time.

Poverty is the opposite of wealth. In the United States, poverty is defined as a family that earns less than $25,000 per year. Quite literally, this is a family or individual who has little to no money and cannot support themselves financially. In fact, Ghandi is quoted with saying “Poverty is the worst form of violence.” But how many people do you know that as adults wake up and decide “I’m going to follow my poverty plan today”? Really nobody thinks that, but despite what they think, their actions do create poverty.

What about denial? Denial is defined as “disbelief in the existence or reality of a thing”. When you deny something, you refuse to agree with it or confront it for what it is. This is the middle class really. In America, the middle class is comprised of those earning between $50,000 and $150,000 per year. Why does that fall into the denial category? Because those who are in this group are on the verge of financial catastrophe and not confronting it. They’re attempting to live lives of comfort amongst financial restrictions and are truly in most cases 1 emergency away from being in financial danger.

Now what about Wealth? I’ve defined wealth before, but my definition of it is “abundance & prosperity in all dynamics of life”. Someone who has wealth has the financial means to achieve the quality of life they desire for themselves, their loved ones and the world around them and on a day to day basis they are able to treat money like oxygen where they take it in and let it go freely, without any thought or attention on how much is there (the same way we are with breathing). You can assign net worth and income figures to wealth, but the truth is it is different for everyone based on their own picture of “abundance & prosperity in all dynamics of life” and how much it will cost to create that.

Now that we understand some of the key definitions to this Law of Wealth, let’s take a look at a few examples.

We’ve all either known someone who was in poverty or been there ourselves, right? This is how I grew up. My parents lived below the federal poverty guidelines for income and life was always a struggle. When I was 8 years old my mom and dad got divorced, the car got repossessed, the house got taken away and we were homeless on both my mom’s side and my dad’s side. I remember there being this constant stress and struggle for survival. I remember waiting in line in the rain in the parking lot of a church to get free food from there food bank only to find out much of the food had expired already, but being told to eat it anyways (even though there were bugs in my raisin bran, the milk was sour, and the bread had bits of mold on it). My family was on the financial path of poverty and our choices, behaviors, and methods with money constantly created that and kept us there.

And if you’re reading this, there’s any 80% chance you’re in the middle class. Someone in the middle class constantly compares their own financial state with that of others who are worse off than them. But the stats show 80% of Americans live paycheck to paycheck. 60% have less than $1,000 saved. Most Americans will never be able to retire and many of those who try to will run out of money and have to go back to work. The middle class is the most dangerous spot to be in right now in America because it’s 1 bad decision or 1 unplanned emergency away from falling into poverty. Poverty is bad, yes, but at least at the bottom the fall isn’t very far and the only way to go is up. But this category is called denial because it’s masked by comparison with others who are worse off and dressing up a rather dire situation to make it look nice and acceptable. But I want you to imagine a sports team that keeps losing games and instead of looking at their own track record and their stats and seeing they aren’t doing very well, they find another team who loses even more than they do and they compare themselves to that team’s track record and stats to come up with the statement of “well at least we’re better off than them”. A sports team like this would never win because they’re in denial on how bad things really are and instead of comparing their current situation with their own past situations and what they’re personally capable of in the future, they look for ways to feel better off about what’s really going on so they don’t have to change it. This is why I call this group the category of Denial.

Lastly there is wealth and there are a lot of false pretenses about wealth and the wealthy so I think it’s really important to give an example of it. Imagine being able to wake up and life is just the way you want it. You live exactly where you want, your quality of life is lacking nothing, your family’s quality of life is lacking nothing, and you are actively making the world a better place each day. You eat organic. You travel and visit important places and people (and fly first class or private because it’s more comfortable). You drive the car you want. And you have income that shows up every month from your investments that covers your Generosity, Expenses, Taxes and Savings. You can never go backwards financially even if you tried, and you will leave a legacy behind you. You have no debt other than with your own banking system and nobody can control you, restrict you, or stop you financially. And you didn’t steal you way here and it wasn’t handed to you. You earned and created every last cent of it the honest way. This is a description of wealth. It’s not evil like society wants us to believe. It doesn’t stop others from having wealth too. It isn’t greedy. It’s actually one of the most powerfully positive things someone can do in life.

Now in each of these descriptions, wouldn’t you agree that cause and effect apply? The effect of being in poverty, denial, or wealth is caused by the thoughts, feelings and actions of the people who are in these groups.

Warren Buffett has a quote that goes like this “If poor people would just do what rich people do, they wouldn’t be poor anymore.”

Well, the opposite of this quote is true as well. “If rich people would just do what poor people do, they wouldn’t be rich anymore.”

Each of these groups is a path and whatever group you are in right now is 100% because you cause effects that cause you to end up in that group. And you probably don’t do it on purpose. If you’re in poverty, you’re not waking up every day excited and saying, “well it’s time for me to put myself and my family into poverty!” as you whip out your poverty plan. If you’re in denial, you’re probably not closely checking off the items on your to-do list to be paycheck to paycheck with not enough money saved and no hope of Financial Independence.

But I’ll tell you one thing, nobody gets and stays wealthy by accident. If you’re wealthy, you most certainly did wake up everyday thinking about how to build wealth. You most certainly did follow a plan to get there. And you checked each item off the list until it happened.

Poverty and denial can happen without an intentional plan of action. But wealth can’t. And until now, we’ve never had the plan the wealthy use. But after over a decade of researching the Top 1% historically, I found out what they do, I followed it, became Financially Independent myself and wrote a book about it to share it with as many as I can possibly help. Because my vision is that the majority of wealth is controlled by good people who use their wealth to make the world a better place.

So, if you’re a good person who wants to help make the world a better place and this article helped you, I want to encourage you to join our free Facebook community, Wealth DynamX Nation.

I want to encourage you to start putting this into practice. And feel free to write to me and let me know how it went. Or if you’re a client of mine and you’d like help leveling up, send an email to my team with “Level Up” in the subject line to Contact@WealthDynamX.com.

If you’re a follower and have not read my book The Blueprint to Financial Freedom yet, that is the place to start. This book covers the specifics for each level in the various chapters and you can grab the book for free as my gift.

Click here to get a copy!

The Blueprint to Financial Freedom by Jerry Fetta

To Purpose, Wealth & Freedom,

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on 100+ podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.

Learn more at www.WealthDynamX.com

(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)