Rich getting Richer, poor getting poorer .
Money is knowledge. Why everyone is not rich. 100 billions of dollars are spent on educations but there is no budget for financial educations.
Why will the Rich become the new poor ?
There are many reasons. One reason is because many rich people measure their wealth in money.
What's wrong with that ?
The fact is that money is no longer money.
If money is no longer money , then what is money ?
KNOWLEDGE is the new money.
Knowledge =Information x Education
Knowledge is power and lack of Knowledge is weakness.
A person with PHD with no financial education has very little power in the real world..
He had authority within the school system, but little power in the real world.
My Rich Dad never finished school, but he is highly educated in the world of money.
If money is knowledge, who are poor and middle class today, have the opportunity to become the new rich of tomorrow .
Exactly, in the past the rich were those who controlled land and resources such as oil, weapons and giant corporation.
Today things are different, today we live in information age and information is abundant and often Free.
Knowledge is the most powerful force on earth.That is why, the control of knowledge is Essential to the control of power.
The formula is,
Information X Education = Knowledge
So, why isn't everyone Rich ?
It takes education to process information into knowledge. Without financial education, people cannot process information into personal wealth.
My poor dad was a highly educated man with a PhD, but he had no financial education.
He had authority within the school system, but little power in the real world.
My Rich Dad never finished school, but he was highly educated in the world of money. Although , less formally educated than my poor Dad, he had more power in the real world than my poor Dad.
I believe that lack of financial education enslaves billions of people in all parts of the world.
Our monetary system has replaced the whips, shackles and the gun.
The money system has been designed to keep people poor, not to make them rich.Tha monetary system is designed to keep people working hard for money.
Money enslaves those who are uneducated financially. Those who are financially uneducated becomes slaves to paycheck.
How is our wealth stolen ?
There are many ways : They are
1. Taxes
2. Inflation
3. Savings
The monetary system steals our wealth through inflation.
The primary cause of inflation is the printing of money.
When money is printed, by banks or govts....Two thing happen: inflation kicks in and inflation goes up.
When prices and taxes goes up,people struggle financially.
How does the monetary system control people ?
The monetary system is designed to keep people poor, not to make them rich.
The monetary system is designed to keep people working hard for money.
Money enslaves those who are
uneducated financially .
Those who are financially uneducated, become slaves to paycheck.
How does the monetary system cause inflation ?
The primary cause of inflation is the printing of money.
When money is printed, by banks or govts. Two things happen, inflation kicks in and taxes goes up.
When prices and taxes go up, people struggle financially.
How do people survive when prices go up ?
When prices go up, people use their credit cards to survive.
Many are forced to cut expenses, like healthier food or dental care.
Many becomes slaves to debt.
Give me an example of inflation...
People who had become rich as a result of the rising value on their homes and retirement portfolios.
They had become middle class millionaires through inflation.
