Somewhere along the development of the current civilization, the money game became the corner stone for progress. The International Space Station, the skyscraper, the bullet train, the highway infrastructure are the many of creations – facilitated with money.
All around the world and particularly in any local economy, the accessibility to money defines the standard of living for everyone in the confinement – the cost of a dozen of eggs, the roof over the head, the clothes to keep warm, all come with a price tag.
Closer look at each of the local economy, one will notice that the particular cost of living is inflated by the confusion of need and want within the local population. For example in many parts of China, a small bowl of shark fin soup cost hundreds of dollars – in 2018, the average annual household income in China is $10,000.
Interestingly, the same bowl of shark fin soup prized in China has no value in most of not all Western local economies.
In Japan, real Wasabi is possibly the most expensive crop on the planet earth – reigning at 100 to 150 dollars per pound in 2018. The same plant if place in the typical Unites States supermarket will not fly off the shelf at any price.
These two examples clearly demonstrated that many of us, anywhere in the world, are executing the Money Play that is inflated by the environment of the particular residence.
Here at 1DesignerLife.com, we will present six Money Plays. Each one will have its own financial objective. The readers are encouraged to deep and evaluate their personal current financial stat – and confidently make an informed choice of the appropriate play.
These six Money Plays ultimately will give 90 to 95 percents of the population a clear financial objective projected in 10 to 35 years from day one of the play.
The six Money Plays are –
- The Minimalist Money Play
- The Dignified Money Play
- The Sixty-Forty Money Play
- The Fifty-Fifty Money Play
- The Forty-Sixty Money Play
- The Ultimate Money Play
Statistically in 2018, there are approximately 130 million households in the United States. Roughly 30 percents of homes have less than $1000 in saving. The meager emergency of $1000 in cost will immediately put them into debt – ironically, United States is the wealthiest nation in the world.
It is tempting to dismiss the low saving rate on low income. According the data compiled by MagnifyMoney from FDIC, the median saving for the top 10% in the United States is $156,510. This is less than eight percents saving rate over 20 years of time frame – they are the white collars of the population whose salary averaged over the entire career is over 100k.
As for the median saving of $97,120 toward retirement, many baby boomers and older population are inadequately prepared for life beyond work.
At 1DesignerLife.com, our hope and desire is for everyone begins to actively take charge of their financial game. It is not about searching for the quick one million of dollars around the corner and called it mission accomplish – insane as it may be, it won’t be the last dollar at the end of that road.
It is about building the wealth ladder with the first step constructed right at the financial footing of the individual – with minimal dependency on the current state of the financial status.
It is about creating future options, pursuing dream and passion in the areas of experiences such as travel and bucket list or entrepreneurship with hobbies and creativity – or just good old dignified retirement.
A well designed Money Play will give the owner the proper financial perspective with respect to the world at large. It is an enabler for a life without the constraint of a number.
Let’s play the Game of Life!
