Unplug from Society’s Comforting Money Lies
Unveiling the Path to Financial Liberation and True Wealth in a World of Money Myths
We have all been fed a bill of goods regarding money! The lies started during our childhood and intensified during our years in school. Our parents told us things like money doesn’t grow on trees and money can’t buy happiness.
Meanwhile, our teachers encouraged us to get good grades so we could get a good job. Our teachers have yet to teach us about taxes, investing, and how money works. No, we were supposed to figure it out on our own. How did that work out?
American household debt hit 16.9 trillion at the end of 2022, according to debt.org.
It is time to unplug from the lies society, your parents, and schools have taught you!
Debt is Bad
Taking on Debt is bad! Our parents, teachers, and society strongly discourage Debt. Debt will crush you!
Then why do Millionaires like Robert Kiyosaki and Billionaires like Elon Musk use Debt?
You see, there is a common disparagement between bad Debt and good Debt. Our parents, teachers, and the majority of society use bad Debt. They buy houses, apartments, cars, and luxury items like clothes with Debt.
Robert Kiyosaki and Elon Musk use Debt to avoid taxes and make money. Robert Kiyosaki borrows money from banks and creditors because there is no tax on Debt. Then, he invests that money into assets like real estate and cryptocurrencies. Elon Musk acquired Twitter using Debt by using his Tesla stock shares as collateral to borrow money.
Debt isn’t bad! It depends on what you use it for!
Your House or Apartment is an Investment
Another lie that is being purported is that purchasing a house or an apartment is an investment. Our parents especially have tried to convince us of this. Unfortunately, they are wrong!
Purchasing a house or apartment you live in isn’t an investment. First, you are most likely borrowing money from the bank to buy a house or apartment. Then, you have to pay monthly interest to keep the bank from foreclosing, and your Debt doesn’t shrink unless you pay amortization payments.
Furthermore, you will have to sell your house or apartment to get a return on your so-called investment.
Don’t get me wrong, buying a house or apartment can be an investment. You have to rent it out to different tenants to have them pay your mortgage off for you. At the same time, your house or apartment grows in value.
Bitcoin and Crypto is for Criminals
Many of us can relate to the statement, “Bitcoin and Crypto are for criminals ‘. The news tries to convince us of this by publishing articles and programs about drug lords laundering money with Bitcoin. At the same time, school teaches us about dirty deals being funded with crypto to make it harder to trace the payments.
In turn, our parents have become skeptical of Bitcoin and cryptocurrencies. Then, they try to protect us from purchasing any Bitcoin or crypto. Unfortunately, they are hindering us from buying assets that will grow in the future just because the government and agencies like the IRS want to control your money with an iron fist.
Crypto isn’t good or bad! It can be used to purchase legal things like apartments, cars, or clothes, and it can also be used for drug deals.
On the other hand, we are being encouraged to buy stocks, which I strongly advocate for. But let’s not pretend that there are a lot of criminal investment bankers and brokers on Wall Street who never get caught.
Save Money
Saving money is one of the most inefficient ways to become wealthy. Your money goes down in value all the time due to inflation and constant printing. Gold, Crypto, and Stocks are worth more than your dollars.
Yet society, our parents, and teachers all do it!
This is a sad reality that it takes much effort to acquire money while it goes down in value effortlessly.
Having cash on hand in an emergency fund and several different bank accounts is always good. Just make sure your money works for you by investing most of it in assets.
Money is Evil
If I had a penny for every time I heard “money is evil,” I would be a multimillionaire. This is tiresome and frustrating.
How can something be pure evil when it can help you feed your family but necessities, luxury items, and investments?
Money is just like the world; there is good and evil. Money can be used for good or bad, depending on what you do with it.
If you are upset because you don’t have enough money and label it evil for this reason, work harder. Making money is about supplying a need that the market requires.
Even if your parents, teachers, and society try to label money as evil, you shouldn’t believe this lie.
Conclusion
After reading this article, I hope you have unplugged from society’s comforting money lies. Remember, Debt isn’t bad, your house or apartment isn’t an investment if you use it wrong, Bitcoin and crypto aren’t for criminals, saving money is bad, and money isn’t evil.
Continue your unplugging journey by checking out my ebook, which teaches you seven ways to make money while sleeping. Remember what Warren Buffet said: “If you don’t find a way to make money while you sleep, you will work until you die.”
