The reason the
middle class struggle financially is because they take advice from salespeople,
not rich people.
The next baby boom
is the millennial generation (1981-1997).
There will be 81.1 million in the United States by 2036.
The rich are not
always smarter, they simply prefer not to be ignorant.
You have to get
smarter first. If you do not know good
advice from bad advice, any advice will do.
Mistakes make you
smarter.
Mistakes are
opportunities.
If you argue with an
idiot, there are two idiots.
When people are
stressed and anxious because they are financially strapped, they don't always
have a clear view of reality. They don't
always see the options and opportunities open to them.
Understand how cash
flow determines if something is an asset or a liability.
Money is a language.
Learning to be rich is much like learning a foreign language. It takes time, practice, and dedication.
Since 1970, CEO pay
has risen almost 1000%. Employees' pay
has risen roughly 11% during that same period of time.
The phantom income
from debt is the time and money you save renting money rather than working to
earn it, paying taxes on it, and saving it.
Good debt is your
debt that someone else pays for.
Like it or not, life
costs money. Yet we teach students
little to nothing about money. Even when students graduate from school, many
with advanced degrees, most leave school financially illiterate.
Rather than job
security, people need to focus on financial security, and real financial
security requires real financial education.
People who know how
to use debt as money to acquire assets are the richest people in the world.
