In order to have the future you dream of, you need to make the right choices. Especially in terms of money.
“Were it so easy, everybody would do it”. Most probably this is the answer you got when you tried to find a different way to earnings, your own way. Slowly, you almost started thinking that it was impossible to do it in a smarter way, as they said.
My experience is different. It is possible to radically change one’s financial situation; it is possible to improve one’s life and one’s dears’, but it all starts from our beliefs about money.
Survey data report that 80% of the people, at least in the West, believe that the future will bring a worsening of their living conditions. People tend to see themselves older in the future, poorer, without safety nets and with fewer opportunities. This is, however, a self-fulfilling prophecy, and because of it many let their life flow away without taking the chance to decide who they are and how they want to live.
Your economy and the economy of your country are separate and distinct.
We live in a world with both millionaires and homeless people, and this should be enough evidence that a person’s economy is distinct from his country’s. If your neighbour loses his job, it doesn’t necessarily mean that your economy will also suffer because of it: the two situations in this example have no practical correlation.
In the past, people needed but to find a good job, work till retirement, buy a house and save money in order to become rich. Nowadays, this doesn’t work anymore.
The world has changed
Nobody told you yet: you are taking important financial decisions based on pieces of advice that no longer apply in our days in age. These beliefs about financial stability are precisely 6 and, most probably, you have heard them repeated like a mantra throughout your life:
- Go to college
- Find a good job
- Buy a house
- Save money
- Make long-term investments
- Do not make debts
Important: these advices are not absolutely wrong, but they are not as valid as they used to be, and surely they won’t grant you prosperity in the world we are living. Namely they are outdated since 1971, when President Nixon severed the final link between US dollar and gold. The consequences weren’t obvious at the time, but eventually it reshaped the international economic and financial system completely.
Let’s switch topic for a moment and think about how education and training have changed since then:
- Up till the 1960s, the wealthiest were people with a higher education levels (academic education);
- Between the 1970s and the 200s, the wealthiest were doctors, notaries and architects (specialised education)
- With the third millennium, there is no relation anymore between education and wealth (financial education)
Financial education is a word that might sound complex: my commitment is to explain as clearly and bluntly as possible everything relevant about it so that you can apply it directly into your life.