Everything You Know About Money is Wrong!
Debunking the Myths and Exposing the New Rules for Riches! In this book, a contrarian and skeptical approach is taken to the conventional wisdom about money. The trouble with most financial how-to books is that they are based on the outdated wisdom of the old days, before the internet, when the only ways to get rich were trading stocks or flipping houses. Not this book. More
How often do you hear yourself saying, “I work too hard to be this broke”? Are you constantly working your butt off, always playing by the rules and still not getting ahead? Perhaps you did well in school because you believed the promise that your hard work would pay off later. Are you getting that pay off?
Most of us aren’t.
The title makes a very bold claim, but we can definitely back it up. There’s no point in playing by the rules when the rules have changed without anyone telling you. Until now.
Ever since you were a kid collecting an allowance, you were told to live by certain rules (wildly outdated ones), such as:
1. A penny saved is a penny earned
2. Do what you love and the money will follow
3. Study hard in school and you’ll get a good job
4. Work hard and you’ll make a lot of money
5. Money is the root of all evil!
6. Most rich people probably did something bad or cheated to get rich
7. Getting rich is too much hard work and struggle
8. It’s all a matter of luck or fate
9. To be rich, you have to take advantage of people
10. If you have more money, than someone else will have less
11. It takes money to make money
12. It’s difficult to make money in a bad economy
13. You have to be smart to get rich
14. Investing is risky
15. Money can’t buy happiness!
All of these statements are BOGUS!!!!!!!!!!!!
But the worse one is this: “If you want to be financially secure, then you have to study hard and get good grades in school, go to college and get more good grades, which will land you a good job where you have to work hard, save 20% of your income in a 401k and after 40 years of hard labor, you’ll be able to live off your savings.“
So we’re supposed to work hard and not have any fun or freedom until we’re too old to enjoy it?
The truth is that there is an alternative route. The rich didn’t get rich by cutting back on lattes and saving every penny they could pinch. Building a base of wealth goes much deeper than that.
In this free book, we’ll debunk the myths and expose the new rules for riches, with chapters on:
-How to avoid the five financial traps that confine so many of us to the rat race
-How what you don’t know will cost you
-Myths that cost you money
-The conventional wisdom that’s just flat-out wrong
-Why the pursuit of money is not selfish, but noble
-Many primers on strategies for attaining wealth
-The new ways in which the financial world works.
We will show you:
1. How you’re actually losing money by stashing it in a savings account, and what to do instead
2. How financial planners and brokers aren’t out to help you and what you should do instead
3. How banks print their own money, making them richer, and how you can do the same
4. How your own mind will trick you into being poor and how to counter it
5. How someone is making money off of you just by you living your normal life and how to get in on it
6. How to clean up your credit report quickly
7. And most importantly to help you right now, how to negotiate for a raise.
We describe the new rules in great detail and how to apply them to your financial life. They are as follows:
-You don’t need a good job to make good money, because there are four ways to make money in America.
-You can no longer save money today and make a return, instead you must leverage your money.
-Houses, cars, computers and items of all sorts are not assets, they are liabilities. The only thing that is a true asset is something that puts money in your pocket.
-Debt is not always bad. There’s debt that’s actually good (if it helps you build credit).
-It’s not how much money you make, but how much you keep that makes you wealthy.
-Diversifying the way your financial planner suggests isn’t true diversifying. Instead of scattering your money, you need to focus it.