As we gradually overcome the most daunting personal and economic challenges in our nation’s history, lifelong educator David Parker offers a book that provides 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 to create individual financial independence.
Parker shares the perspectives and principles on which he also built successful careers as an entrepreneur and investor in INCOME AND WEALTH: David Parker Essays — Volume One. The lessons that Parker shares with readers in this thought-provoking, transformational work encapsulate the author’s 40-year study of economic history and principles.
When he began his teaching career, Parker broke with conventional wisdom. He chose to not place his faith and his future in the teachers’ union or the government. Instead, he explored how individual actions, regardless of annual income, can lead to the accumulation of wealth.
“Most people in this country don’t realize they are living way beyond their means,” Parker says. The prescription he suggests 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.”
As the author shares in Income and Wealth, individual responsibility and initiative are essential keys to achieving financial success — and, in fact, is the only sustainable path to this goal. As readers will discover, Parker presents a compelling case for the benefits of free market economics, and he also shares principles and insights that can be used as the building blocks for a step-by-step plan for financial prosperity.
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.
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