By Leo Gray
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I once had someone ask me, “Leo, how do you have so much money? It is because you are privileged?”
And my answer to them, after smelling the stench of weed leaving their body, I replied with, “no, I’m not. I just spend my money wisely.”
They took offense to that, and if you’ve read my last article, I don’t care if I offend you. It was a good wake-up call to this kid I was talking to.
At my college, like many others, drugs and alcohol are always being passed around, and I had my fair share of drinks, but I never let it drain the back account like other people. While others were spending money out the wazoo because drugs or alcohol made them feel good, I was investing my money: stocks, markets, crypto, all of that. That is how I made money, and during the summers, I worked my ass off taking as many shifts as I can so that during the school year, I had spending money on top of my investments.
No one handed me money because of “privilege.” I didn’t come from privilege. I grew up in the projects of Pittsburg and finally got out of there when I went to college.
If you want to move up and actually gain economic privilege, which is a real thing, you have to make sacrifices. Get off of the unemployment line, put aside your pride, get a job, and instead of spending money on hand-backs and Air Force 1, invest in a stock that will give you passive income.
Millionaires have multiple streams of income, and you don’t need a degree in accounting, marketing, or business to do so. Talk to a friend who knows about it, a co-worker, or even go online and buy from the gut. Anything more than what you are doing now is helping you.
In the past hundred years, the US Dollars has lost so much value and now is only worth four cents compared to what it was worth in 2013, and inflation levels are only on the rise under this new administration. Money loses value when it is sitting in your bank account, and money is completely worthless when you spend it on things you don’t need.
If I were you, I would invest it and let your money grow with time. You won’t see results right away, but down the road, you will, and when you retire, you’ll be amazed at how much money you have now, all because you put a few couple hundred away every year.
So no, I don’t have money because I’m privilege. I have money because I was clever with it. Don’t spend your money on weed, or alcohol, or sex, or materialistic things that won’t be any good after the moment is gone, and invest in your future. The stock market is there for a reason. It is the easier way for people who are like me and came from nothing to make money without putting in hours of work and also is an efficient want of doing it.
You’ll thank me later. Trust me.