Disclosure: This post is NOT for sheep!
Think about this… our entire working lives, we’ve handed our hard earned money over to other people, hoping and trusting that we can one day retire comfortably. What I want you to think about is, are we being financially trained or financially educated? Which would you rather be, trained or educated? We still contribute to savings accounts, stocks, bonds and 401ks investments even though history tells us that the savers are the losers in our society. Why do we keep going through the same money motions? Following along like sheep towards financial doom?
After reading the Unfair Advantage by Robert Kiyosaki, some of the financial concepts that I was battling with suddenly made huge sense. Let me bring this to perspective for you.
A ponzi (or pyramid) scheme is a fraudulent investment scheme that pays returns to investors with money coming in from new investors instead of from an actual investment fund. These schemes fail when too many people say show me the money and the company doesn’t have enough new money coming in to give them. Many confuse a pyramid scheme with network marketing but, not only is this COMPLETELY different from a network marketing business model, but it is almost IDENTICAL to what is going on with your 401ks, mutual funds and pensions. The only difference is they keep getting billion dollar bail-outs from our government to keep the scheme running. How does a company trusted to hold and grow your money go bankrupt? More importantly, why do people keep dumping more money in? That’s financial training, not education.
To add to this, the inflation on the dollar means that the savers in our society lose. For example, a car that cost you $5,000 back in 2000 would cost you $6,815 today in 2015! What a drop in purchasing power! What do think will happen to your savings by the time you are ready to retire? you think you have $100k but since everything costs more, it’s like you really only have $85k!
As the dollar continues to lose value and these investment companies keep scamming us, let me ask you… are you financially educated or financially trained!
Would you like to know how you can escape the rat-race this year? Un-Sheep your MONEY!
Learn more here.
