N'DIGO - MoneySmart Guy Matthew Sapaula

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You Want to Be Rich? You Might Not Have a Choice

Matt Sapaula

I am a proud father, financial strategist, TV commentator and financial talk show host of Money Smart Radio

A few years ago, Donald Trump and Robert Kiyosaki wrote a profound book titled, "Why We Want Your to be Rich".  This was eye-opening work which shares shocking facts about the American economy that most Americans don't realize.

Whether your are rich or poor...the fact is the American middle class is disappearing...quickly.  It is no secret that we have losing manufacturing and jobs to countries overseas by the millions. Middle-class families like the one I was raised in are having a tougher time each year.  Staying ahead of the economic shifts which affect retirement planning, the ability to send our kid's to college, keeping gainfully employed and staying on a path aimed towards financial security is tougher and tougher when you don't put time on our side. (Yes, that means STOP procrastinating!)

A recent post last week stated that the Top 1 Percent of Americans Control 42 Percent of Financial Wealth in the U.S...
Some might say that we are already in financial slavery to banks and credit card companies.  A favorite Proverb of mine says that, "A borrower is a slave to the lender."  Do you owe anyone money?  How does that feel when you walk in the same room with them and you haven't settled your debt?  Catch my drift?

In short, you have to decide whether you want to be rich, because there will no longer be a middle-class America.  It's either you are going to be rich...or poor. 

In an age of consumerism, it is easy to get the "financial handcuffs" of debt shackled on our wrists before most kids graduate college and enter the workforce.  Families have to continue borrowing to keep up with lifestyles they can't really afford.

A Saturday Night Live spoof with Steve Martin displayed a parody on actually buying something only when you have the CASH to do so!  That's right, don't buy stuff you can't afford!  I know, easier said than done.

That's why we have to rethink our thought patterns and gut-feelings about money and our relationship with it.  Yes, I said relationship with money!  As logical and mathematical money and economics may seem, ask any Wall Street or day trader how "consumer confidence" affects the markets and their daily money-making abilities.

Are you prepared for the new currency of the future? Gone are the days where you are with one employer for the rest of your life.  The U.S. Department of Labor estimates that the average American will have 10-14 jobs in their lifetime and by 2012, the largest employer will be YOU (as in SELF-EMPLOYED)!

You can't wait for someone to help you out.  If you are not where you want to be in your financial situation, career or business growth...do you need a helping hand?  Look at the one at the end of your own wrist, start with that. That's only if you can seek past your nose while wearing the shade made by PRIDE and EGO (PREGO?)

Chicago is a city FULL of opportunity.  It is one of THE greatest cities for business and new connections.  People from surround states live their whole lives to move to this metropolis when they are done with college or old enough to leave home.

Instead of laying yourself up in your apartment or condo watching replays of Sex in the City or UFC Fights, I suggest you aggressively begin networking and shake new hands of new faces.  I highly recommend you get together with a financial planner or wealth-building coach to discuss the "what-ifs" of life so you are not dependent upon the decisions of your boss or customers.  In the Marines, we have a saying that goes, "Plan for the worst, but expect the best!"

You want change?  Thanks to technology and entrepreneurial genius, change is happening so fast right now that the average college graduate's education is out-dated within two years upon graduation. 

How is your continuing education coming along?  When you receive that degree or diploma, the real learning in life, begins.

I hope I'm not catching you at a bad time.  But the facts and trends are not with those who want to chill and relax.  However, this is America and you can do what you want...but I don't have a financial plan for my future to include you in my weekly budget purchasing my box of Depends. May the stank be with you...

What am I getting at?  As change was the mantra that got President Obama elected, it must be at the forefront of the vision for our lives and the generation after us.  The voice of change packed the city of Chicago with Obama followers traveling from all over the world witnessing history.

Now it's time for you to make your own history.  It is time to build wealth again in 2010.  It is time to find ways to get your 401(k) or IRA savings together and stop unpredictable losses from happening.  It is time to pay of credit card debt and not charge it back up!  It is time to stop being comfortable with your job and take your off time to learn new skills in building a business or creating another stream of income.

In times of change, it is the learners and doers who inherit wealth and riches because they consciously CHOOSE to be in the right position at any given time.  They find themselves ready and equipped for a world that will no longer exist.

Get ready friends...SHIFT happens.

P.S. Stay posted to my blog and financial talk radio show to learn where the hottest wealth-building events and seminars are happening in Chicago!  Also, our fan page on Facebook has got some of my closest friends in the money business interacting...get connected!



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Zack Isaacs said:


I like to network, but there's an expression about making sure that the other person isn't holding the NET while you do all the WORK.

Networking is based on luck. That's why I don't get excited about meeting somebody for the first time. High profile folks will never remember who you are and probably have thrown my business card in the garbage- after laughing at it.

The key is to network with people not too far ahead of you. Networking with people who are in another league is a waste of time. They don't respond to e-mails, phone calls, or pleas for help. (Just kidding about the e-mails)

Great blog, but it's not that simple. And I know you're 13 years older than me, but this is something I know better than you.

LaRon Carter said:


Zack my man, come down off your horse. If Matthew has 13 on you, then I’m at least 23 years older. And let me tell you, big brother, the older I get the less I seem to know about the things I thought I knew, [times on your side].

Try changing from the appearance of ‘knowing it all’ when at these networking events you speak of – to, “How can I get some of what you got, Sir?” and then be quiet. Don’t even pull your cards out, just listen, then walk away trying to figure out what you can do that would help grow that big baller’s business. Don’t know if it will work for you, but my grandmother was confident it would take me far in life.

Great call to action, Mr. Sapaula. You always bring insane content value to my front door, ring the bell, and step back onto the curb to watch me feverously reading through it in search of the keys to unlock another financial shackle off my wrist and legs. Here’s to lifelong learning without the yoke.

Stay focused and confident. You might not have a choice,
Carter | @laroncarter

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