I’ve been watching lots of TikTok videos of people working multiple jobs due to inflation and high cost-of-living requirements.
Sadly, working 40 hours at one job doesn’t provide enough income to support a person or family. However, there is still hope for the American Dream; it will just look different than you envision.
Letting go of YOUR American dream. The truth is that the American dream of living independently, owning a home, having a car, and raising a family is still alive and kicking.
Cash Flow 103: What is a Wealth Generator?
The catch is that you must live with your parents, siblings, or friends to make your dream come true. If this sounds like a nightmare to you, you’re free to continue struggling.
The new world order played a nasty trick on the American middle class. They told us we could afford a house, car, and family, all while working 40 hours at the factory.
Once we got comfortable living inside the nuclear family (two parents, two kids), they slowly started to dismantle this dream.
Now, they tell us to get divorced, rent an apartment, and work three jobs—all under the guise of independence. But it’s time for us to fight back.
Mentorship is Dead
Building your best budget. Hustle culture preys on people without a solid budget. People who cannot distinguish between a “want” and a “need.”
Let’s look at someone who makes $6,000/month at their job. This is a hefty amount of money for someone between 25 and 30.
However, because of the media spin, some would consider this person a loser if they don’t rent their own apartment and go to the bar every Friday.
This person rents an apartment for $2,400/month, and their utilities and subscriptions are $800. They buy a car for $800/month, while their food costs are $1,000 (including going out to dinner and coffee).
Print Your Own Money!
These bills total $5,000/month, which leaves this person with a grand total of $1,000 per month. This seems like a great budget, right? WRONG.
For a younger person, this type of budget sounds excellent. However, older folks know you are one emergency away from disaster.
Let’s say this person has to pay a $2,000 insurance deductible; this takes away their extra money for two months.
They use a credit card once they get behind for a few months. The rest is financial history. They begin to work multiple jobs to make ends meet—welcome to hustle culture.
How to balance your budget. The key to making that $6,000 go farthest is to live with their parents or a roommate. This tactic is what the media does not want you to implement.
Become a Private Money Lender
Always ask yourself who benefits from these “social norms.” Who stands to profit when young people (22-35) move from their parents’ houses into rental apartments and homes? That’s right: the housing market, bankers, furniture outlets, and self-storage locations are winning.
Instead of the $2,400 staying inside the family (and your wallet), it now goes into the giant housing industrial complex.
Our families need to become selfish again. Every dollar we earn needs to flow through our family members’ bank accounts, not outsiders.
If our example person decided to live at home making $6,000/month, they could be pretty wealthy in five years. Living together is the key to balancing our budgets and avoiding hustle culture.
Nobody Owes You Anything
The rise of hustle culture. Hustle culture exists solely because families no longer operate under one unified plan of action. We all want to do our own thing, which makes it much easier for the capitalist to take advantage of us.
What is a unified plan? We all sit down and discuss a unified plan of action and continue to update it throughout our lives.
For example, my wife and I own three homes. My oldest son plans to join the Navy next summer (2025). Just because he is leaving us doesn’t mean we write him out of the plan.
If he does four years in the Navy, he can come back and assume one of our houses. He can use the GI Bill to cover the entire mortgage. However, he will still need roommates to increase his cash flow.
The overall plan is for him to build a $1 million dividend portfolio that pays him $60,000 per year in dividends. My wife and I are helping him get a head start, but he needs to accomplish many things.
Pick a Content Niche: Wealth, Health, or Relationships
Now, we can help him work towards his goals throughout his life. We will work as a family to help him build his family while staying on track for his $1 million portfolio.
If he gets married and has kids, my wife and I can provide childcare for his children. We can help his wife around the house. All their income flows back into the family; nothing spills out of our pockets.
Can your family work together? I am blessed because my wife believes in this family idea just as much as me. Instead of buying RVs, jet skis, and luxury vehicles in our 40s, we are making plans for our kids’ futures.
I understand many families don’t have this tight bond, but hope remains. If you are single, you can find someone with the same values as yourself.
Play Monopoly in Real Life
However, it takes humility when living below your means. My wife and I retired at ages 39 and 42 because we lived below our means for five years.
We bought our dream house in 2020, right before the pandemic. It had two huge master bedrooms and sat on three acres of land.
As soon as we took ownership of the property, we rented the two master bedrooms to roommates. This helped us save and invest. Now, we have $300,000 in our dividend portfolio.
We no longer need roommates and aim to have $1 million in our dividend portfolio in five years. But it all started with us having roommates. That’s how we retired early (even with a military pension).
You can work with someone else if you live this independent hustle culture lifestyle. There are ways to save money today, even if that is just getting a roommate or sharing a car.
Dividends vs. Royalties
Building a passive income portfolio. The end goal of everything we earn in life is to get it into a dividend portfolio. Once we make dividends, that is our actual discretionary income.
Instead of living the hustle culture lifestyle where all your money goes to paying rent and buying a car that depreciates, try investing in dividends.
If you cannot afford to invest your money, you must do something drastic to ensure you can save at least 50% of your income.
You may need to take a remote job and move to Alabama. Or you can relocate and live with your brother or sister. How about moving overseas?
Taxes 103: Real Estate for the Win!
There is no point in hustling if all your money goes to someone else. I hate, hate, hate paying rent—period. I want all of my money to go to things I own.
Conclusion. Hustle culture represents the erosion of the family unit. We can avoid all of this madness by working together and building out a family plan of action.
If you are 25 to 35 years old, and your parents are not an option, start building your network of people whom you can trust.
Wealth is a Mindset
Working together is the only way to defeat the capitalist. Conversely, the only way to succeed financially is to become a capitalist yourself (at least a little).
Always ask, “Who wins?” When you see the high divorce rates, the hyper-focus on cosmetics, beauty, and surgery, and the rise of social media, ask yourself, “Who is profiting?”
The media does a great job of getting us to do things that are not in our best interest. Living alone and working by ourselves is not in our best interest.
Working as a family unit is how we achieve our best work spiritually, emotionally, physically, and financially. Let’s stop hustle culture, start building passive income, and create a family action plan. Good Luck!
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