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Finance
Financial TipsTo Become Wealthy, Keep it Simple
Table of Contents
To Become Wealthy, Keep it Simple
What is Wealth?
Income Isn't Wealth
Paper Money worthless
Mainstream Financial Experts Will Never Tell You
What is Inflation?
Saving First and Income Second
ConclusionMainstream Financial Experts Will Never Tell You
What the Mainstream Financial "Experts" Will Never Tell You
What the finance guys will never tell you is that when you invest in the stock market, or keep too much of your money in paper dollars, you are being manipulated. You are trading your valuable time and labor for paper money that has a zero intrinsic value.
Over time, this truth is revealed, because your money buys less and less. If you make a lot of paper money each year, you probably don't notice it very much. But those of us in the lower income brackets can't help but notice the increasing cost of milk, bread, gas, and other goods.
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Those of us at the lowest end of the income bracket scale often suffer greatly because of inflation. In third world countries, inflation can be just as deadly as malaria or other diseases, because if food becomes too expensive for people to buy, they starve. Throughout history, governments who use paper money which is not backed by any precious metals tend to keep printing the money over time until it eventually becomes worthless.
The mainstream Wall Street guys and financial experts will never tell you the truth: that it will be impossible for you to ever build "true" or long lasting wealth if you invest your savings in stocks or paper. The reason why they never tell you this is because it is in their best interests to keep you in the dark. But those of us who have studied many books on finance and business know the truth.
Next Page: What is Inflation?
