Wheels of Fortune
Savings haven't made anyone rich, nor will they ever. History has shown us that over time, nearly every currency in the world loses its purchasing power. Thus, no matter how much money one holds in the bank or in a drawer, at some point, the value of that cash pile will have significantly diminished or become worthless.
That's why we need new money...
However, they don't teach us in schools how to make money, how to build wealth, and grow ourselves. All we're taught is stuff that makes us capable enough to handle paperwork but uneducated enough to question the system and seek answers.
How many schools around the world are teaching young pupils how money is created and why we experience inflation, recessions, and various economic events? I'd bet none do that. Colleges touch on such topics, but they often skip them unless you attend certain colleges.
Consequently, we have a world mostly comprised of workers and very few businessmen who essentially pull the world's strings. It's as if keeping the world in survival mode is by design, despite the abundant resources on this planet that could enable all of us to live prosperous lives.
But if everyone lived in abundance, how would the elites maintain their status and identity as elites? Inflation doesn't affect them at all, as their income far exceeds that of the average worker, and no matter how high inflation rises, they'll continue to live lavishly because these wealthy individuals are shareholders in the most prolific businesses.
The working person is so deeply entrenched in paycheck-to-paycheck living that even when opportunities arise, they often fail to recognize them. I have a friend and my father as prime examples in this regard. They continue to live their lives based on outdated principles of managing money. Back in the day (prior to '89), amassing as much cash as possible was the primary goal.
However, cash doesn't generate more cash unless you put it to work somehow. That's what I'm trying to explain to my father and this friend of mine. Now, I don't know much about real estate or stock investing, but I do know that even if I eventually exit crypto entirely, I'll still be more inclined to be an investor than a worker.
Around seven years ago, when I was living in Norway and working tirelessly to improve my situation, there was a young man, the son of the company owner I worked for. He always stressed the importance of Robert Kiyosaki's teachings and why investing matters.
At that time, I didn't have an investor mentality and somewhat resisted educating myself about it. But when I returned to Romania, weighing just 54 kilograms, physically and emotionally broken, battling depression, anxiety, and panic attacks, I realized that I had to take steps to avoid having to work a traditional job again.
I might be a bad example; I'm not sure. There are probably many individuals who genuinely enjoy what they do. But personally, I've only had terrible jobs, which is why I became desperate to find anything that would keep me away from traditional employment.
I don't mean to sound spiritual or anything, but somehow the universe brought crypto into my life, and to some extent, I managed to make a living without having to work again. I don't know how long I'll be able to sustain it, but at least I tried.
I'm not suggesting that my father and this friend of mine should invest all their savings in crypto, although I've done precisely that over the past year or so. You can always start from somewhere. The world is changing, but our attitude towards money remains outdated.
What do you think?
Thanks for your attention,
Adrian
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Thanks.
Colleges teach us what are the odds of economic status, class and types and internal processing, but what I think that they dont teach how tackle them in real life and get "financially educated ".
Thats the basic difference also from academic to real life situations. I have also seen some of the people being rich and highly educated, but they lack how to make money grow by systems.
Also true that people having solid financial knowledge with low educational background built economic empire just by dint of clear sense, practical financial knowledge.
Any time,attitudes may vary and differ from perspective to perspective - What I Think.
Some might get a certain level of wealth through well paid jobs, but at some point their income will get capped.
Post voted 100% for the hiro.guita project. Keep up the good work.
New manual curation account for Leofinance and Cent
Gracias
They do teach you in school how money is made. How to make money off the backs of the common man. You just gotta go to the school for the rich.
I went to the wrong school...
99% of us did..
It is true that no one becomes a millionaire through savings. But that's why we should be crypto saving. But there are many tokens or coins that may get marketed out so they should be considered.
One should be level-headed regarding crypto though. I'm almost all in crypto though...
A millionaire? Sure they do. But a millionaire isn’t what it used to be. One million is like having 100K in the early eighties. Billion now that’s the new million
Well, the value of money is gradually decreasing reason being that it never remains stable, this maybe putting such money to good use via crypto investment would be the best option, traditional employment to some is a waste of time, energy and resources