Are You Better off than you were 4 years ago?
If you don’t understand the game of money it is very hard to get ahead in life it is not surprising that 80% of people feel like they won’t have enough money to retire (Source: US Census Bureau). The 3 horsemen of the apocalypse force most of the US population to end up as indentured servants.
- Taxes & fees
- Personal Debt
- Inflation
Over the course of my next few blog articles I will explain how to turn these forces on their head and start using them to your advantage.
After living in 3 countries and experiencing different financial systems, I found myself questioning things that a lot of people took for granted. My uncle, who was an international currency trader in London, reinforced this by sharing stories of how a few individuals where able to change the forces of governments-take them on and win. In the process I became an unintentional economist. Thus, I have an alternative view of financial forces and headwinds that affect people’s lives such as the power of debt for good and bad, the true risks associated with different types of investing, and how different people hack the system. To do well today most people need to overcome the financial headwinds they are burdened with. By applying this knowledge it has allowed me to gain time back in my life to spend it on things that create meaning not just the daily grind of trading time for money. I have a great desire to share what I have learned along the way, mentoring others and helping them find their path and devising creative ways to capitalize on various market and economic events. Nowadays, having fun, presenting at conferences on economics and other financial topics, and building a coalition of the willing to take on the world, is my passion; I hope you can join me on this journey.
Great chart. Does enlightened translate to being Financially Free? If so, what would be the average timeline for this to occur and how? Perhaps another blog post? 🙂
Great question on average it take 10 Years for people who are focused on it. The initial step of getting your seed capital is the slowest. The biggest impact is when you chose vehicles to invest in that have tax advantages like real-estate that lower your effective tax rate. The reason why many people don’t invest in income producing real-estate is the amount of things you need to know to be effective. i.e. it requires a lot more effort than buying a stock or handing your money over to a fund manager.