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[YouTube 22:25] How 1 Percent Own 99 Percent of All Global Wealth

CALIFORNIA 76: Though unbelievable to the newcomer, this video is true and accurate. The multinational global elite comprise 1% of the world population and own virtually 99% of wealth. This happens through blind consent among the masses who ignorantly transfer their power and assets away for the indulgence of short-term pleasures. A lifetime of hard work fuels the ones who sit passively in powerful positions as they control the world’s underclass.

Those who make forceful attempts to feed their family and earn a fair living have nothing to show for it because they never learned the principle functions of wealth-building. Money comes in through their paychecks and goes virtually all back out because creditors and advertisers have won at temptations.

Oxfam says wealth of richest 1% equal to other 99%

“It takes cash and assets worth $68,800 (£48,300) to get into the top 10%, and $760,000 (£533,000) to be in the 1%. That means that if you own an average house in London without a mortgage, you are probably in the 1%.”

There is Hope for the Prudent

This does not mean that the majority of people are doomed. Rather, the knowledge of how money works and its application in the marketplace are the keys to breaking the chains of financial bondage. Debt is a killer of quality life, but mastering one’s spending behavior makes all the difference. Average people slave away for decades and have nothing to show for it because they refused to heed the voice of wisdom and her simple yet hard-to-live truth: (1) delay instant gratification and live on less than you make; (2) focus on improving yourself because it will make you more valuable to others, and thus increase your income.

It is mathematical certainty that if you stop borrowing money for stupid consumer wants and expenditures you will eventually have enough to invest and multiply exponentially. Albert Einstein said the eighth wonder of the world is compound interest.

Further, if you dig deep enough within yourself you can muster virtuous character, and build a business to become rich. The products or services you offer to others brings value to them, in exchange for your compensation. This is how true capitalism works. There is nothin unethical or immoral about it. Acquiring wealth is a process of behavioral change toward a noble ideal. Therefore, financial independence is a personal choice. It’s formed on spiritual principles and it works every time.

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