Entitlement Mentality
The best way to solve the problem of bad financial results is to change our thoughts - to start thinking like rich people rather than poor and middle-class people.
That means losing the entitlement mentality - whether you are a military officer, government worker, school teacher, employee or just poor.
If we do not stop expecting the government to take care of us, we will continue to have the same results - a bankcrupt nation filled with well-educated but financially needy people.
Albert Einstein defined insanity as "doing the same thing over and over again and expecting different results".
Instead of walking away with a solid financial education, most kids leave school (some already) deeply in debt - prepared only to work hard, save money, get out of debt, invest for the long term and diversify.
Warren Buffet says the following about diversification:
"Diversification is protection against ignorance.
(It) makes very little sense if you know what you are doing."
One of the keys to becoming rich is to know what you are doing.
Rich or poor, we all have money problems.
It's how we solve the problem that's the issue.
"I think; therefore I am." ~Descartes
That means losing the entitlement mentality - whether you are a military officer, government worker, school teacher, employee or just poor.
If we do not stop expecting the government to take care of us, we will continue to have the same results - a bankcrupt nation filled with well-educated but financially needy people.
Albert Einstein defined insanity as "doing the same thing over and over again and expecting different results".
Instead of walking away with a solid financial education, most kids leave school (some already) deeply in debt - prepared only to work hard, save money, get out of debt, invest for the long term and diversify.
Warren Buffet says the following about diversification:
"Diversification is protection against ignorance.
(It) makes very little sense if you know what you are doing."
One of the keys to becoming rich is to know what you are doing.
Rich or poor, we all have money problems.
It's how we solve the problem that's the issue.
"I think; therefore I am." ~Descartes
