Inflation, Tax & Debt - 3 Major Wealth Killers -

Have you ever think that, Why most of the people around this world struggle Financially? Why they compromise their freedom in exchange of a Paycheck every month?

Well, Because there are 3 Major Wealth Killers, which forces most of the people to work like a slave in the economy.

01) Inflation

02) Tax &

03) Debt

The above 3 are the main 3 factors which work against the people and force them to struggle hard financially and work like a slave in the economy.

While Rich are Financially Intelligent. They are Financially Literate. So they make these factors work in favour of them rather than working hard like a slave in the economy under the effect of these 3 factors.
So Let us discuss that, How rich people make these 3 factors work in favour of them?

01) Inflation -

Well, Inflation is the silent killer of your Money. It erodes the purchasing power of your money over the time. The only way to beat the Inflation is, You buy some Asset out of your Money and that is known as Investment. You can buy any Asset such as Stocks, Bonds, Gold, Mutual Funds, Real Estate, Art....etc.... The principal is that, Asset can beat the Inflation. Asset means any Asset.

Let me give you my Example. Previous week, I had Rs.20,000 extra with me. So What I did? I bought a Portfolio of Finance Articles out of this money. And I will Publish it on this blog very soon. This Portfolio of Articles is my Asset which will beat the inflation for me.

02) Tax -

Rich & Financially intelligent people avoid the Tax with the help of the Corporate Structure.

03) Debt -

There are basically 2 types of Debt. One is Good and the other is Bad. Any Asset producing Debt is a Good Debt & any Liability producing Debt is a Bad Debt.
Rich always take a Good Debt while middle class and poor always take a Consumer (Bad) Debt. Rich take Debt to grow their Assets more. Rich use Debt to get more richer than before. While poor & Middle class become more poorer after taking a Debt.

So Protecting your wealth against Tax, Inflation & Debt is a mind Game. If you somehow make these 3 major factors work in favour of you than you can be extremely rich......!!!!!!