True Versus False Financial Education

True Versus False Financial Education

There are basically two types of Financial Education – True & False. The Financial Education that you take from your parents, school and so called financial experts, gurus and bloggers is a false financial education. Let me explain you how?

- Save Money

- Teach Children to Open Savings Account with the Bank

- Invest in Mutual Funds, Diversify & Invest for Long Term

- Invest in Stocks for Capital Gains

- Invest in Pension Plans

- Your House is your Asset

- Get more and more Educational Degrees & Get a Good Job

- Get out of Debt

- Live below your means

The above are the most commonly propagated financial advises. But well, these financial advises are not the true financial education. The truth is that, if you follow the above financial advises than you will never be financially free and rich.

In fact, the above financial advises are designed in such a manner that they will simply pass on your money in the hands of rich and nothing else.

The most common age old financial advise is ‘Save Money’. But well, this is the most dangerous financial advise in the modern world. This is because savers are losers today. If you will save money, you are saving something which is going down in its value over the time because of the inflation and hyperinflation. Saving money is the fool’s plan and not the real financial education. This is because the central banks and governments from all around the world are printing literally billions and trillions of new money out of thin air right now when you are reading this article and this newly printed money is diluting the purchasing power of the money in your pocket and bank savings accounts.

When you invest in mutual funds, pension plans and stocks – you are making the owners of these mutual funds and pension plans rich. This is because all you depend on one type of income and that is Capital gain when you invest in mutual funds, stocks and pension plans. While the owners of the mutual funds and pension plans are generating a steady cashflow from your money by charging you various kind of fees every year. The owners of publically listed companies will still make money even if the stock price of their businesses go down. This is because they are the owners of these businesses and they can take out any amount of money from their businesses.

The Governments, Banks and your financial advisors will tell you that your house is your biggest asset so buy a bigger home and take a tax break from the government. But well, if you know how to read financial statement and cashflow pattern than you will realize that your house is your biggest liability because every month it takes money out of your pocket.

Getting out of Debt and stay away from new debt is also a financial advise for the financially illiterate people. This is because there are two types of debts – Good & Bad. And to get rich, you will have to keep taking more and more good debt to acquire more assets.

Thus, everything that you learn from so called financial experts, bloggers and gurus is a false financial education. This financial education teach you to give your money in the hands of rich to make them richer.

So What is the True Financial Education? What Rich people teach their kids about money? Do you know that rich give their children the different financial education – The True Financial Education.

If you want to take this true financial education that rich give their kids than Download my FREE eBook – My Journey To Billionaire Club: What Rich teach Their Kids About Money That Poor & Middle Class Don’t?

Just click the above link and download my eBook for FREE without any annoying registrations. My eBook is the real financial education that rich people from all around the world are right now giving their kids but the poor and middle class don’t? So don’t wait anymore and take this real financial education.

And yes, Don’t forget to spread this real financial education to your friends and family.