How To Bridge the Wealth Gap

In today’s economic climate, an alarming trend has emerged among American households: 8 out of 10 Americans live paycheck to paycheck, and only a mere 5% will achieve financial security. This stark reality is not just a statistic; it’s a wakeup call for us to address the systemic issues at the heart of our financial distress. We live in the wealthiest country on the planet with more opportunity than anyone else, yet we have a 95% or higher failure rate when it comes to building financial security and wealth.

Most Americans find themselves trapped in a cycle where their active income barely meets their immediate needs, let alone allows for wealth accumulation. The problem, however, isn’t solely about the amount of money earned. It’s about what happens to that money once it’s earned. There’s a critical lack of control where income being earned isn’t properly allocated. The concept of “pay yourself first” isn’t followed by most, and when it is attempted, it still isn’t correct.

Paying Wall Street first or paying the Banks first isn’t the same thing as paying “yourself” first. This would entail you allocating savings first from your earned income (and let’s really emphasize what the word first means here) and that it goes to a place that you benefit from, that you control, that is liquid, and safe so it can be used to build wealth in your life now. We have all probably heard “it’s not just what you make, it’s what you keep”, but it’s also not just what you keep…it’s where you keep it.

Digging deeper, we find that this issue is rooted in a widespread deficiency in financial literacy, particularly on what to DO with money once we earn it and save it. At one end of the spectrum is illiteracy that results in consumerism and no action being taken to build wealth. On the other end, there are financial institutions and “experts” left and right who have complicated money to the point of the average person believing it’s an unknowable subject or even that it is dangerous and requires complex planning and advisors to do it all for us.

Yet, beneath even this, lies a more pervasive problem: a fundamentally flawed financial mindset. Many hold beliefs steeped in scarcity, fear, mistrust of the wealthy, concern over what others will think of them if they have material wealth, or the misguided notion that financial abundance is unnecessary or that money can’t buy happiness. Or the opposite end of the spectrum, which is purposeless greed in an attempt to escape a mundane, purposeless existence.

These beliefs not only prevent progress towards wealth but actively disrupt the positive mindset needed to achieve financial prosperity. After weeks of contemplation, I’ve come to realize that addressing this poor financial mindset is paramount. We must challenge and change the deep-seated beliefs that hinder our financial progress.

And for those that do achieve wealth, I have observed that instead of using it to take responsibility for making the world a better place and sharing the truth about money with others, they lean towards “flying under the radar” or worse yet, employing the financial traps they’ve learned to avoid against others for the sole purpose of profit on investments.

As the Founder of Wealth DynamX, my mission is to empower individuals to break free from this cycle. By fostering a healthy financial mindset, promoting financial literacy, and teaching historically effective and proven wealth-building strategies, I aim to bridge the gap between living paycheck to paycheck and achieving financial freedom. Because that’s where I started, and I’ve managed to dig myself out and achieve Financial Independence before the age of 32, and I believe it is my responsibility to teach others how to do the same.

The path to wealth begins with the right mindset. Don’t believe me? Having a negative mindset towards money and wealth actually makes a person unwilling to build wealth. And that’s the real problem. The word “wealth” boils down to an origin of the word “well”. The word “willing” also boils down to the same origin. What is the origin of the word “well”? To wish. Someone who is unwilling to wish for a wealth future will never build wealth. And those who do build wealth are those who were willing to make that wish and then make it into reality.

It may be that our lack of knowledge of how to make wealth a reality fails us…but if we aren’t wishing for it or worse yet, if we are wishing against it, then what we know or don’t know will never matter anyways.

As we move forward, I want your focus to be on solving these fundamental issues in your own life, then in the lives of those you love, and then for the world around you. It’s not just about making more money; it’s about creating a life of abundance & prosperity in all areas. It’s about good people, who have good wishes and good intentions following up to make it real. Because when we all do that, this world will naturally become a better place.

Together, we can redefine our financial destinies and bridge the wealth gap that divides us.

In closing, my mission in life is to help good people build more wealth who make the world a better place. So, if you’re a good person who wants to help make the world a better place and this article helped you, I want to encourage you to start planning your next quarterly trip and putting this into practice. And feel free to write me and let me know how it went.

If you’re a client of mine and you’d like help leveling up, send an email to my team with “Level Up” in the subject line to Contact@WealthDynamX.com.

If you’re a follower and have not read my book “The Blueprint to Financial Freedom” yet, that is the place to start. This book covers the specifics for each level in the various chapters, and you can grab the book for free as my gift.

Click here to get a copy!

The Blueprint to Financial Freedom by Jerry Fetta

To Purpose, Wealth & Freedom,

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on over 45 podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.

Learn more at www.WealthDynamX.com

(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)