If everyone started with $500,000, how much would you have in 5 years? Experience shows that the previously-rich would be richer and the previously-poor would still be broke. In a capitalist society, why are so many people ignorant about money and what can you do about it?
Bill Whittle and AlfonZo Rachel explore the moral questions that shape our politics in The Virtue Signal. You can watch the whole archive, and dozens of other monthly programs. Become a Member and help us produce these shows.
Video below hosted at Rumble.
19 replies on “Money, Money, Money: If Everyone Started with $500,000 How Much Would You Have in 5 Years?”
I disagree with, Zo’s interpretation of the denarius. The Lord did request the coin, and the fact that the people trying to trap him were the one’s that produced it (what is essentially a large value note) could prove Zo is right, but the lesson is different and more profound. If you use the currency, you agree also to its conditions. The fact that they would question whether it’s right tok pay taxes to Caesar, yet carry the coin, proves their own hypocrisy, but the lesson is there. If you are enjoying the benefits of a system, you play by that system’s rules. Give to Caesar what belongs to Caesar, and to God what belongs to God.
‘They’ll turn us into beggars, ‘cause they’re easier to please’
$638,140.78
A friend once told me that there is a big difference between being “broke” and “poor.”
“Broke” is usually transitory and it waxes and wanes.
“Poor” is a frame of mind that can last a lifetime.
Getting Zo on here is one of the best things that you have ever done. That is not to lessen the impact of everything else, but these discussions with Zo bring a much needed dimension to our thinking. His spiritual depth is the answer that this country needs desperately. Thanks for using the resources to make this available!
So besides everyone using the “Stimulus” magic money to exercise their second amendment rights I noticed that the price of a 1 year supply of emergency food is now right around 2800.00. Coincidence?
Riddle me this Mr. Zo: What’s greater than God, more evil than the devil, rich people want it, poor people have it, and if you eat it, you will die? (80% of Stanford grads could not solve this… 80% of third graders could)
First thing, Zo must be a good person because he cohabits with a cat!
Seriously though, my dad taught me one thing that has controlled my life and that is if you want something, you have to earn it! Anything given to you, you will not respect or keep because you didn’t invest the time or effort to pay for it. He made me work at odd jobs to pay for my first bicycle. I found the one that I actually enjoyed was getting down on my hands and knees to scrub the kitchen floor for my mother! Hard work, but satisfying because I was helping my mother. The hardest part for me was collecting unemployment, SSDI, then SS after loosing my job because of medical handicap. It was demoralizing to me to be taking a handout and not working for it. Then I realized, I HAD worked all my life for it! That eased the pain a bit. It still to this day bothers me that I can’t work a real job.
Oy vey izmir.
Look, I love the Virtue Signal. I think AlfonZo is a fine and wonderful man with great insights and a much needed voice.
But….
No. The Jews did NOT “sell themselves” into slavery in Egypt under Joseph.
Not even a slanted, misguided reading of the Torah could come up with that conclusion.
ALL of EGYPT was sold into slavery to Pharaoh under Joseph in order to “buy grain.” But Joseph’s family – the Children of Israel – were NOT included.
It was only AFTER Joseph died that the Jews became enslaved. How? That is another question.
So, my good man, Zo – check it out and try and “sin no more…
Love you.
I’d probably have about the same $500k I started w/. I’m really good about saving (20%of everything that comes in goes to savings). But I’m horrible at investing. So at best I make dividens. Which ain’t all that good. though it does pile up over 10-20yrs.
May I recommend looking into Dividend Growth Investing. Some companies have increased their divs every year over ten, 15, even 25 years or more. Through good times and bad. They tend to be big and boring, but in the long run (not when you’re dead, but over one’s lifetime) they also tend to be the most effective at growing your wealth.
Worth a look.
I just love this new show! Keep up the good work!
There have been several studies done with people who have suddenly come into a significant amount of money; including lottery winners, athletes and performers. A large percentage of them are broke later in life. Especially once the income dries up (e.g. athlete retires, performers stop getting roles or performing). Most people don’t know how to budget and think about the future. And a great deal of that is it is a skill that should be taught by family.
I had grandparents on both sides that came to the US with a suitcase and a small amount of foreign currency. They raised kids during the depression and through the loss of a spouse on both sides. My parents understood the value of money (and having none) and living within one’s means. They passed that on. including putting money aside for later in life. It is not magic, but it is a difficult discipline to have.
More of this. Thanks.
`Bill here says wisdom comes from pain. My motto number 4 (in chronological order, not importantance): “Wisdom comes from experience. Experience comes from making mistakes. Some of us can learn from other people’s mistakes. Most of us must be the other people.” Protect people from consequences, and the mistakes continue. (See profile for other mottos if you want to know them)
some of you will recognize the source, some will guess simply because of who posted it
I fall into all of the above categories. 🙂 I learn the hard way, I recognize the source and I confirm that recognition per the identity the poster.
I win the morning trifecta!
Excellent – have an espresso on me.
A smart man learns from his mistakes. A wise man learns from others’ mistakes.