The rules of money have changed!

Most people are completely unaware that the rules of money have changed! Still following the old rules, they continue to go to school, work hard at their jobs, and “earn a living.” These ideas are not only outdated and outdated, they are also very dangerous!

THE RULES OF MONEY CHANGED IN 1971

The rules of money changed in 1971. On August 15, 1971, President Richard Nixon announced that the US dollar would no longer be backed by gold. The US dollar became a currency and the rules of money changed! An important effect of converting the US dollar into a currency is the increase in the prices of goods and services. Since 1971, the cost of goods and services has skyrocketed. Having no financial education and realizing that the rules had changed, workers and savers became losers.

SCHOOLS DO NOT TEACH FINANCIAL EDUCATION!

Since schools don’t teach true financial education, most people are taught how to get a job. Schools train students to become employees, working in someone else’s company. This presents several problems.

LOW WAGES, HIGH COST OF LIVING

The first problem is the pay. Data from the Economic Policy Institute shows that since 1979, workers’ wages have remained basically stable, even as their productivity has increased steadily over time. Higher production means higher profits for companies. So as corporations accumulated greater wealth during this time period, their employees became impoverished due to their inability to keep up with the rising cost of goods and services. In effect, workers have become impoverished over time because their wages have not kept up with the rising cost of living.

HIGHER TAXES

The second problem is taxes. Employees pay some of the highest tax rates. Not only are their salaries low, but a portion of their salary is also withdrawn and given to the government in the form of taxes. Being an employee precludes the ability to take advantage of tax breaks and incentives that are given to businesses. Companies are rewarded for creating jobs and stimulating the economy. Employees are penalized for their hard work through higher taxes.

INCREASED COMPETITION

The third problem is globalization. As globalization steadily increases and more employers seek cheaper sources of labor abroad, competition for quality, well-paying jobs will also increase. This is bad for the employees because the advantage falls on the business owners, since there is always someone willing to do their job for less money.

NEED FOR FINANCIAL EDUCATION

As you can see, the rules of money have changed and the need for financial education is more important than ever. Working hard and “earning a living” are dangerous concepts that don’t work the way they used to. Instead of working hard to earn money, you have to learn to play the game of money like the rich, and make your money work hard for you! Because of their financial education, the rich earn money through assets, such as businesses, real estate, stocks, and precious metals. To change your life you have to be smart. Working harder is not the answer. Working smarter is! Start your financial education today!