Financial Freedom was not amassing millions of dollars in savings on which to live. It was simply to have the cash flow coming in every month from our investments, whether we worked or not.
It was at that moment that our cash flow from our assets more than paid for our monthly expenses, that we had the luxury to ask ourselves, "What is it we really want to do with our lives?"
Being able to ask that question, more than having the money, is true freedom.
What you focus on expands.
The true purpose of education is to give a person the power to take information and process it into knowledge.
If a person has no financial education, they cannot process information. They do not know the difference between an asset or a liability, capital gains or cash flow, fundamental investing or technical investing, why the rich pay less in taxes, or why debt makes some people rich and most people poor. They do not know good investment from a bad investment, or good advice from bad advice. All they know is go to school, work hard, pay taxes, live below your means, buy a house, get out of debt, and die poor.
As the Bible states, "My people perish from a lack of knowledge." Today, millions are perishing because all they have been trained to do is send their money to the rich and to the government.
That is not education.
Without financial education, people mindlessly send their money to the government via taxes; to the bank via debt on their house, car, credit cards, and school loans; and to oil companies, power companies, and food producers via inflation. And for those who have a retirement account, they send their money to retail and investment bankers.
This is why the rich get richer, the poor stay poor, and the middle class works harder.
Related notes:
Savers Are Losers: Proof
http://howtze.blogspot.com/2011/07/savers-are-losers-proof.html
Slavery In The 21st Century?
http://howtze.blogspot.com/2011/07/slavery-in-21st-century.html
"True education was to be restricted to the son and daughters of the elite. For the rest, it would be better to produce skilled workers with no particular aspirations other than to enjoy life." G.Edward Griffin in The Creature from Jekyll Island, on Rockefeller's General Education Board, founded in 1903.
"The few who can understand the system will be either so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while, on the other hand, that great body of people, mentally incapable of comprehending the tremendous advantage that Capital derives from the system, will bear its burden without complaint and, perhaps, without even suspecting that the system is inimical to their interests." ~ Mayor Rothschild， 1863
What does produce (true) wealth? Food, Health, Energy, Shelter, Education & Entertainment....
From the book: Unfair Advantage: The Power of Financial Education
Financial Freedom = Income > Expenses, Forever
It was at that moment that our cash flow from our assets more than paid for our monthly expenses, that we had the luxury to ask ourselves, "What is it we really want to do with our lives?"
Being able to ask that question, more than having the money, is true freedom.
What you focus on expands.
The true purpose of education is to give a person the power to take information and process it into knowledge.
If a person has no financial education, they cannot process information. They do not know the difference between an asset or a liability, capital gains or cash flow, fundamental investing or technical investing, why the rich pay less in taxes, or why debt makes some people rich and most people poor. They do not know good investment from a bad investment, or good advice from bad advice. All they know is go to school, work hard, pay taxes, live below your means, buy a house, get out of debt, and die poor.
As the Bible states, "My people perish from a lack of knowledge." Today, millions are perishing because all they have been trained to do is send their money to the rich and to the government.
That is not education.
Without financial education, people mindlessly send their money to the government via taxes; to the bank via debt on their house, car, credit cards, and school loans; and to oil companies, power companies, and food producers via inflation. And for those who have a retirement account, they send their money to retail and investment bankers.
This is why the rich get richer, the poor stay poor, and the middle class works harder.
Related notes:
Savers Are Losers: Proof
http://howtze.blogspot.com/2011/07/savers-are-losers-proof.html
Slavery In The 21st Century?
http://howtze.blogspot.com/2011/07/slavery-in-21st-century.html
"True education was to be restricted to the son and daughters of the elite. For the rest, it would be better to produce skilled workers with no particular aspirations other than to enjoy life." G.Edward Griffin in The Creature from Jekyll Island, on Rockefeller's General Education Board, founded in 1903.
"The few who can understand the system will be either so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while, on the other hand, that great body of people, mentally incapable of comprehending the tremendous advantage that Capital derives from the system, will bear its burden without complaint and, perhaps, without even suspecting that the system is inimical to their interests." ~ Mayor Rothschild， 1863
What does produce (true) wealth? Food, Health, Energy, Shelter, Education & Entertainment....
From the book: Unfair Advantage: The Power of Financial Education
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