Financial Culture Shocks to Learn From

For most people becoming rich is somewhat of a treacherous dream, whether they like to admit it or not, in that they would do whatever it takes to rake in the riches at the expense of anyone or anything that stands in their way. They also cherish the idea of becoming rich on their own, with the pleasure they think they’d derive out of being rich based on the fact that they have a lot more than everybody else around them.

That’s perhaps the best way NOT to become rich because this approach considerably lessens your chances of actually building up wealth. We’ve been conditioned to approach wealth creation in somewhat of an every-man-for-himself doctrine, which is really quite ironic as that approach just doesn’t seem to be bearing the promised results. Figures such as Bill Gates and Warren Buffet are paraded as examples of the success this type of approach can bring, yet what everyone who blindly accepts this doctrine tends to forget is that even those people had great teams around them who contributed greatly to their financial success.

How many early-bird Microsoft employees are multimillionaires and even billionaires, for example? That brings me to the first financial culture shock which has a good lesson in wealth creation to teach us, that being the need for more consumer-level financially active people to work together as a community.

I refer to it as a financial culture shock because it’s largely not within our regularly adopted financial culture — a financial culture which is heavily influenced by the media and by the big financial institutions which have their stronghold on the various wealth-creation channels to maintain.

So if we do indeed bring it down to a cultural level; some financial cultures are a shining example of how a community working together can create widespread wealth among the community as a whole. Sharia law as applied to the financial world is what I’m explicitly talking about, with one of its fundamentals basically translating to charging no interest on a loan which you give out to your fellow community member. This is great because it essentially dictates that you’re helping your fellow community member, perhaps with starting up their own business with the money you loan them and when they return the loaned money they’re likely to add a bit extra as a show of gratitude and as a symbol of the financial success your financial assistance afforded them.

Another financial culture shock we can learn from is that of how the very same regulators of the gambling industry have built-in some loopholes which they themselves seek to exploit with regards to the regulations in the industry. I mean if for instance you have to visit the Chinese territory of Macau to perhaps enjoy playing Book of Ra Online at Casumo because the gambling laws allow both online and physical gambling, what difference does it make from being able to do so while on the mainland?

Basically it’s a matter of laws put in place to govern financial conduct, but the underlying financial culture shock to be learned from this is that of laws not necessarily serving as guidelines which are meant for wealth creation, but rather wealth extraction and geo politics comes into play because as soon as you cross some borders then what’s not accessible to you in one place suddenly becomes accessible.

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