San Francisco, CA, U.S// — You don’t need a six-figure salary, government handouts or a master’s degree in economics to achieve financial solvency, posits entrepreneur, investor and author David Parker.
“Financial independence is possible for anyone because there is no relation between earning a living and acquiring assets — no relation between income and wealth,” he says. “An employee at McDonald’s making minimum wage can become financially independent within 10 years.”
How? Through self-reliance, initiative and discipline — all concepts he explores in his eye-opening book, Income and Wealth: David Parker Essays — Volume One. In it, Parker dives deep into 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 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. 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 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.
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