What is the Real Financial Education?

What is the Real Financial Education? And Why Schools Don’t Teach you this?

Do you know that Schools, our parents, governments, financial planners and so called finance gurus don’t give us the true financial knowledge.

For the most of the people around the world the following is the financial education.

- Save Money

- Invest in Mutual Funds & Diversify

- Invest for the long term for the Capital Gains

- Your House is your Asset

- Work hard and save money in the Pension Plans

- Invest in the Savings schemes

- Do a Fixed Deposits in the Bank

- Business is Risky

- Live below your means

- Retire on Pension Plans

- And so on and on…!!!

But do you know that all of the above financial advises are the financial advises to give your hard earned money in the hands of rich who own the banks, mutual funds and the pension plans.

The above are the financial advises which are propagated by the rich people and fixed in your minds since your childhood by your parents and financial advisors so that you give your hard earned money to the rich.

Say for Example, Saving money and putting it in the bank means you are making the owner of the banks rich. The Banks will print 10 times more money from your savings and give it as a loan and earn 100% profits from your savings (Fractional Reserve Banking).

Investing your money in the mutual funds means you are making the owners of the mutual funds rich. This is because you are taking 100% risk and put your money in the mutual funds. Now even if the mutual funds will perform bad, you will lose your money but the mutual fund owners will still make money by charging the fund management fees from your invested money.

Investing in Pension plans means making the pension plan owners rich. Because they will charge various kind of charges from you and divert your money towards the stock market. Now, weather the stock market will perform good or bad, the pension plan owners will still make money.

When you buy a stock from the stock market, you are investing for the Capital gains which is the most risky type of investment. It is just like a gamble. You will have only one control over your stocks and that is when to sell?

While the owners of the company who have listed their company on the stock exchanges and sell you the stocks will still make money because they have the management control over these companies so they can anytime withdraw and enjoy any amount of money from these publicallly listed companies no matter the stock price goes up or down.

Thus, the above financial advises are propagated by the rich people only in the middle class community. These advises are not the true financial education.

The true financial education is one which teach you to think in the financial statements. The true financial education is one which teach you to analyze the financial statements and understand the difference between the Assets, liabilities, Active & Passive income, Cashflow and many other things.

If you want to take this true financial education 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 on the above link and without any annoying registrations, start downloading my eBook about basic lessons and commonest myths about Money. I have worked very hard to gather and manage this information. There are around 50+ hand drawn (My own) diagrams in this eBook, 6 lessons on money and 10 Commonest Myths about money in this eBook and all these I am giving to you for FREE.

Just spread this Financial Education and Awareness to as many people as possible. Also teach the lessons in this eBook to your children. The Information given inside this eBook is the real financial knowledge that the rich teach their kids but the poor and middle class don’t.