Wealth Pyramid: The 8 Different Levels Of Wealth! #Best Education Page #Online Earning

so what we're going to be talking about

in this video today is the pyramid of

wealth and this is not any Illuminati

confirmed style video here guys I know

when you throw pyramids up people

usually think it's the Illuminati is

coming for them but the pyramid of

wealth is actually a video I talked

about probably two years ago on this

channel and it was one that people were

super interested in but I definitely

want to make a couple of points before I

get into the main video so first of all

what I have found about making money as

I have earned more and more money and

climbed this pyramid of wealth is that

you may think that money is like the

ticket to happiness and the more money

you earn the happier you become and to a

certain extent that is true but when you

reach a certain point you don't become

exponentially happier with the

exponential growth of your money and so

what I want to say about money is this

not having money can be everything to

you because if you don't have money and

you're you know down here in this level

of this pyramid it can really suck

because all you think about is money or

the lack of money you're working like a

dog and you're struggling to make ends

meet and that's all you can possibly

focus on but once you leave that level

of this pyramid and you're no longer

struggling or fighting for every dollar

that you're earning and maybe once

you're up in some of these higher levels

where money isn't really your main focus

that is when you realize that money is

not everything and there's so much more

out there that you have to find in order

to be fulfilled and happy but not having

money can be everything because it

becomes your primary focus now the other

point I want to make here is why is it

important to understand the pyramid of

wealth and the reason is because of

something called your circle of

influence and there's been many

different variations of this said the

best way that I can say it is you tend

to become the fifth version of all the

four people you surround yourself with

and so if you are surrounding yourself

with people that are in the lower level

here of the pyramid of wealth the odds

are you're going to become the fifth

version of that person and so regardless

of your circumstances where you are

right now in your life you want to find

people that are higher up in the pyramid

of wealth just to have a different

circle of influence and have people

sharing

different ideas with you and you may

look at me now you thinking that I'm

bragging about possibly being higher up

in this pyramid of wealth but I I'm

telling you guys right now that is not

where I started and I will tell you as

we go through this where I started and

where I would consider myself to be

right now so first of all at the very

bottom of this pyramid is what we call

the public dole this is people who

literally have zero dollars of income

from any other means other than Social

Security or welfare or some kind of

government assistance it is not a great

place to be it is not a good living I

know a lot of people say people on

welfare live better than us it's totally

I've seen it firsthand and some

of my other jobs that I've had have in

the past and I'm telling you it is not a

desirable life but that is the very

bottom of the pyramid is when you're

solely living on public dole and you

have no income other than what you're

getting from government assistance or

disability or something of that nature

now one step above that we have low

income plus public assistance that is

people who are earning a very small

amount of money and then they qualify

for food stamps or they qualify for WIC

or different types of government

assistance they do have some income of

their own but it's not enough for a good

living and so they are getting

assistance from the government that's

actually where I started when I was 16

years old my mom had food stamps and

that was where we were low income plus

public assistance and so I've been able

to climb my way up this pyramid and you

know I feel like I have gotten detached

from that a little bit over the last

couple of years with what I've

experienced with the growth of my

business and a lot of people think that

you know I was fed from a silver spoon

and this that and the other and the

truth is that is not the case at all

because that is where I was you know 15

or 16 years old clipping coupons helping

my mom out and making the most of the

food stamps and trying to stretch every

dollar that we could so as far as income

goes obviously being on public dole

means you have about zero dollars of

your own income and being in this low

income plus public assistance category

in most cases that's like twenty five

thousand dollars or less of earnings per

year qualifies you for some

of government assistance level number

three is where a lot of people fall and

I'm just gonna call this the debt level

of the pyramid this is when you do not

qualify for public assistance but you

still do not have enough income to pay

for your basic living expenses and you

end up putting living expenses on your

credit card and I'm not talking about

clothing I'm not talking about perfume

and discretionary spending items I mean

you have to put gas on your credit card

and you have to put groceries on your

credit card because you literally do not

have enough money for your basic living

expenses one step above that we have

paycheck to paycheck and I would say

this is where the majority of people are

that I know and that I see today and

this is people that at the end of the

week they are pretty much out of money

and they won't have any more money until

the next week when they get their

paycheck and basically any major expense

that comes up of maybe $500 to $1,000

that's going on a credit card because

they don't have an emergency fund and

they are living paycheck to paycheck

moving up the pyramid now we have the

zero dollar line and the zero dollar

line is honestly as sad as it is a

really good place to be that means you

have no debt and you have a value or net

worth of zero dollars and as sad as that

may sound that's actually a good goal

for a lot of people when it comes to

their consumer debt or their student

loans and all these different debts they

have to pay back but the zero dollar

line is basically where you oh nothing

and you own very little or you own

nothing giving you basically a zero

dollar net worth and so that's pretty

much where I was when I was around 20

years old graduated college I went to

Community College thankfully didn't have

to take out any student loans because my

grandfather helped me out with that so I

started off in my 20s at that zero

dollar line where I had basically no

assets but no liabilities either so

moving up now one more level on the

pyramid we have this level which is

where money is not the primary deciding

factor in your decisions and what I mean

by that is where you go on vacation

where you go for dinner

you know the clothing that you wear on

your back the deciding factor is not how

much money it cost

and the way you can test this out for

yourself is this right here and maybe

you're just frugal so that's okay if

you're just frugal because that's how I

am but when you walk into a department

store are you looking at the clothing

themselves or you're looking at the

price tags because if you shop by price

tag you are not in this category you're

still shopping by price and that is your

number one deciding factor when making a

purchase now there's nothing wrong with

that because a lot of people spend way

too much money on clothes and random

crap like that so being frugal and being

in this category is totally possible but

if you know that you always make your

choices for dining for entertainment

based on price then you haven't made it

to this level but at that level you will

find that you know convenience is often

the deciding factor not necessarily

money so convenience or experience and

then moving up here one step higher we

have the financially independent

category and the way I describe

financial independence is that what you

do with your time is not based on money

and what I mean by that is you don't go

to a job if you don't want to or you

don't work when you don't want to

because you have created financial

independence for yourself now this could

be accomplished basically in two

different ways number one if you figure

out how to make money without your

activity without actively involving your

time or number two having so much money

saved up or invested that you don't

actually have to work for money so

myself personally it's the latter there

it's the fact that I've built passive

income streams and I have people working

underneath me that allow me to earn

money in a very passive way and I would

say personally I fall somewhere between

these two levels now of money not being

my primary deciding factor and being

somewhat financially independent so if I

wanted to take a week off and go on a

vacation or just take a week to think or

hang out with my cats or anything like

that I have the ability to do that

because of these systems that I have in

place now personally I really enjoy

working and I work when I want to but

there are times that I really don't want

to work and because I have reached that

level that is a luxury that I have is

the ability to say you know I'm going to

not work today and I don't have to worry

about the money still coming in

and then at the very top of the pyramid

here we have the GW or generational

wealth category and this is essentially

when you have so much money you could

never spend it in an entire lifetime you

don't work for the money it's all just

basically you know interest income or

dividend income or money giving off more

money in terms of the growth of your

money and you're living off of that

interest or growth and it's more money

than you could ever spend in your

lifetime and it's going to go forward

for future generations now this is a

major misconception a lot of people have

they think that generational wealth is

like the only way to become rich you're

either born rich or you're never gonna

be rich and I can promise you guys that

is not the case I am walking living

proof of somebody who started off in the

low-income public assistance category

and I've worked my way up eventually to

the zero dollar line graduating college

with basically a zero dollar net worth

and then have moved myself up to

somewhere between you know the

financially independent category and not

having the primary deciding factor be

the cost of something so that is the

pyramid of wealth guys if you want to

let me know in the comment section below

where you started and where you are

today and you want to pay attention to

this and understand the pyramid of

wealth because you want to know where

your circle of influence falls because

you're probably going to become the

fifth version of whoever you surround

yourself with so thank you guys so much

for watching this video I hope you

enjoyed it if you did go ahead and hit

that subscribe button and hit that Bell

for notifications of future videos just

like this and I hope to see you in the

next one

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