The relationship we have with money begins to form at a very early age — thanks to the messaging we internalize as we’re growing up. And what do we hear? That in order to become wealthy, we have to have money to invest and grow. What if there were an alternative?
In his eye-opening book, Income And Wealth: David Parker Essays — Volume One, author and entrepreneur David Parker flips the script on everything you thought you knew about wealth creation.
“There’s no relationship between income and wealth,” Parker said during a recent interview. “You can do what you really want in life. You can be an artist; you can be a schoolteacher; you can open a restaurant. … Do it because you want to do it.”
Parker is a living example of that. “I taught school my whole life. I played music my whole life. I’ve been writing and reading. One hour a day I give some thought to money,” he added.
In Income And Wealth, Parker provides a detailed analysis of how someone earning minimum wage can become financially independent in 10 years, drawing upon the business and economic insights he has formed throughout 40 years of studying economic history and principles, teaching in public schools, and being a professional musician and real estate developer.
Income And Wealth provide a framework for reflecting on the proper role of government in our lives, and, from an entrepreneurial perspective, the opportunities available to each of us. Parker also presents a compelling case for the benefits of free-market economics and shares strategies and insights that can be used as building blocks for a step-by-step plan for financial prosperity.
His prescription for wealth creation may not be easy — but it is certainly effective. He urges all young people, regardless of their earning power, to invest half their annual income. “Even those not especially creative or brilliant,” he says, “will generate significant income from their investments within 10 years.”
After reading this important new book, readers will have no doubt that “income” and “wealth” are entirely different things, and that any limits upon the first have no bearing upon one’s ability to achieve the second.
About Author David Parker
David Parker began his career in education at age 24 and served students of San Francisco’s inner-city public elementary schools for 40 years as a music teacher, followed by 10 years as a volunteer. While pursuing his career in education, Parker also became a very successful real estate investor. It was a success in business that focused his writing, teaching, and career as a professional musician. He spent 20 years as a member of the Berkeley Symphony Orchestra and 15 years as leader of the Dave Parker Sextet, which has headlined at San Francisco’s Fillmore Jazz Festival.
As Income and Wealth approached publication, Parker was already hard at work on his next book. His thoughtful essays have been featured in The Economist, The Financial Times, and several prestigious law journals. In addition to being an author, entrepreneur, and investor, David Parker is also a proud father and grandfather.
To learn more about David Parker, including his essays and music, visit:
https://davidparkeressays.com/ and https://daveparkersextet.com/.