Financial education is the most important thing in our lives. But, most people are not financially educated. Reason: The past generation taught us ‘baby boomers’ that it is not polite to talk about money. Also, they taught us that most financially ‘well-off’ people probly stold the money, or that it was ‘inherited’, or that ‘they were so much smarter than us’, we don’t even have a chance. Our parents (bless their hearts) told us to go to college, then get out and get a job. How is that is working? Most people who work the standard 8 hrs per day, 5 days a week are exhausted and broke, or on the brink.
It is time to get financially educated if you want to take back your life. Don’t get me wrong-working is a great thing, but I would rather call it -creating and helping others. We so need our teachers, doctors, nurses, contractors, financial planners, etc. Our society is so dependent on them. But, what would happen to these creative people if they got sick, had and accident or god forbid-died? What would their spouses life be like? Disability insurance disbursments are pretty dismal. Answer: Set up a way of passive income for life. There are various ways to do this-real estate rentals, buying metals and stocks, ownership in productive companies, online businesses, etc. Take the time to go through a course as I did like; ‘Rich Dad, Poor Dad’.
This is the age of entrepreneurship. You can invent things to help people, and increase your bank account. Write a book, recieve royalities. There are a ton of options available. That is the beauty of our techno age.
I am surrounded by alot of people who buy and build bigger houses only to be strapped by a larger mortage payment. Or people who get brand new cars, re-do their kitchens and baths. I think that is crazy if they don’t have a passive source of income.
My goal is to first have that passive income coming in so if something happens to me, my family will be fine financially. Go to your nearest bookstore to find a book that speaks to your personal situation or take a local community class about economics and finances.
Remeber: ‘Money is not the most important thing in life, but it affects everything that is important to us’.