Are your parents rich, and did they teach you how to get rich and stay rich? More than 95% of you will answer “No!”
What do you remember from your financial management, investing, and real estate class in high school?
That’s because the class didn’t exist.
If you went to college, you could have studied those topics if you wanted to, but you were more likely to have studied something that would “get you a good job.” You also may have signed up for a college student special offer credit card and then maxed it out and been stuck with high interest payments you couldn’t afford…and you may still have unpaid credit card balances.
Banks and corporate marketers spend billions globally to find you and lure you into debt, but no one ever put the same energy into teaching your younger self how to stay out of bad debt or use good debt to make money.
We’ll assume your parents and your teachers wanted the best for you, but they were also taught to be debt slaves, so they trained you to be a slave like them.
Do you think your financial education would have been different if a self-made millionaire with multiple passive income streams taught you how to think about work, time, and money? (Note: “Passive income streams” are just what they sound like – you do almost nothing & make money. Examples: interest from savings accounts, profit from rental homes, dividend payments from stock investments, & many more.)
Of course your financial perspective and your life perspective would be different! That difference is one of the primary reasons rich families tend to stay rich and the poor tend to stay poor.
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