I am not rich, I am not wealthy. I have sat on the doorstep of “well off”, and then realized that the game is rigged in time to get out of the rat race. Unfortunately, a few people I care about don’t believe me, so I decided to put pen to paper and map out why it looks like I have more money than I actually do, and how I have managed to have more money than I need, without being rich or poor!
I say that to say this:
Thanks to the folks at the Drinks At The Kitchen Table Podcast! I’ve been away from my family and traveling the world for quite a few years. It took me back to a time when I was able to sit at the kitchen table with my mother, father, grandmother, aunts, uncles, and cousins to talk about anything and everything!
In Episode 86, toward the end, the Drinks At Kitchen Table team started discussing The System. I spent 10 years as a Financial Professional, I have also been running my own businesses since I was in my early 20s. I’m a professional freelance Editor, Writer, and Copywriter.
While discussing financial responsibility, personal credit, credit cards, and fault, they made an enormous assumption that is easy to make and understandable. They assumed that the institutions that plague us are playing fairly. I can confirm, having worked with people mapping out their financial futures from across the board of very rich, to middle-class, to poor. As well as from the information and research I was able to do in my industry, that the entire credit industry is no more than a set of dice that’s been loaded against everyone.
It is a system created to see you fail!
Some people fail in the short-term while they are in their twenties. Some people fail in the long-term when they are older. Yet, everyone will fail if you play with the credit industry, or personal credit long enough.
That does not mean that you are stupid or irresponsible!
It means that you stepped into one of the most well-designed traps that the world has ever known; a trap cleverly constructed to make you, me, and everyone else believe that we are the exception to the rule. A trap put together in order to make us believe that we can wrestle with the same System that has claimed the financial lives and financial futures of people far stronger, and smarter that all of us combined.
The only way to win is to be smart enough not to play the game!
Too many people who I have helped, and worked with, have been caught at the intersection of being not White and not rich. The System is especially hungry for the under-represented and under-educated!
Non-White and not rich are the buzzwords I used for a reason. Poor White people are in the same societal bandwidth as nearly all Black Americans. The trick America played on White America was allowing them to believe that by simply not being Black (or any shade of Brown) that the American Dream was possible for them. When given this maladaptive mindset to adopt, they were sucked into wrestling with The Credit System.
They lose as well…
To be clear, having no debt is better than being rich in most instances. It is planning for foreseeable problems that we find ourselves steered away from, in an effort to convince us that the false narrative of “Credit” is what will save us when we need money the most.
It will not.
Neither you nor I have enough personal credit to deal with even the most mundane of personal health catastrophes. The American Medical System is something I will cover later, however, most don’t realize that the few thousand in credit we have will barely pay for a few days of mediocre care in a simple medical facility.
We are specifically taught poor and inaccurate information on how credit works.
I destroyed my credit card with a sharp knife at 24 years old, after realizing the system is rigged against us. That and my education are two of the three things that I cite as being the reason I am able to live freely, without worry.
Even if I had no money, I can’t slip into the negative space of owing the government or big business anything at all.
Just like the picture says, my life is cash and coupons:
1) Pay upfront for everything!
2) Never pay full price!
YusefWateef (at) Gmail (dot) com
You can contact Drinks At Kitchen Table through @DrinksAtKTP and DrinksAtKTP@Gmail.com