Category — Uncategorized

You’ve probably heard the saying “the rich get richer”. A report on the website of Canadian TV broadcaster CBC says that 1% of the world’s population owns 40% of the total household wealth. On the other end of the scale, 50% of the world’s population only collectively owns less than 1% of the world’s wealth. That’s a gap that’s been increasing for 2-3 decades. There’s more. Another 1% of the world’s population owns 10% of the wealth. So 50% of the world’s wealth is owned by 2% of the world.

The good news, at least for the average Internet user reading this, is that it only takes US$500,000 in assets to be included in the top 1%, and US$61,000 in (investable) assets to be in the top 10%. And 90% of the wealthiest adults are in North America.

There’s no point in talking about why that is, as its purely historical and partly sustained by the size of the population. The question is, what does that mean for anyone outside of North America? My feeling is that the Internet is levelling the playing field. Internet millionaires (and billionaires) are becoming coming more common, and they can be from anywhere. Where there’s a will, there’s a way.

What does “prosperity” mean to you? What do you think of when someone says that? Wealth? Richesse(material goods)? Your bills paid? Knowledge, so that you can construct your own destiny? Skills, so that you can have the job you want?

Prosperity means so many things. To me, a Disciple of Prosperity, it means having what you desire without causing lack in someone else. What constitutes a fair trade? Russian statistican, by way of France, Rappaport once said that he could prove that the universe was “win: win: win”. Every transaction you take should be a triple win: a win for you, a win for the other party, and at least not a loss for the rest of the world. That’s the model I have tried to adopt in life, though not always successfully. But prosperity isn’t an endpoint. Rather it’s a journey and involves a process. That process involves goals, learning, knowledge, organization, application, multiplication of “profits”, and most of all mistakes.

Despite my rather poetic introduction, this site intends to be fairly straightforward, combining a number of related topics in a way that you hopefully have not seen before, and which hopefully will be of some value to you. There are two of us so called Disciples of Prosperity, myself and Andy. We’ll write here about all of the above topics, as well as efficient use of technology as part of your quest for prosperity. As first and foremost this site is about money and finances, there will be a regular short “newsy/ roundup” posts about money, finance, investing, electronic payments including contactless payment/ credit cards. Less frequent, but more indepth, we’ll have longer articles about the process of prosperity, based on our own successes and failures. Hopefully you’ll be back to share all of this with us and comment frequently.

- raj kumar dash