All posts by admin

I have met many who say “I am proud of the fact that my house & car have been fully paid off, I have even paid off all of my student loans. Now I am financially stable!” These people are usually in their mid 40s and have decent jobs. Now, there is some truth in these statements but the problem is that the person saying this hasn’t looked at the bigger picture. Since the central bank of most countries keep on printing more money, and since that newly printed money is an IOU (i.e. a loan), the issuance of this … Read More >

Statistics show that only 3-4% of households are categorized as affluent since they either have a net worth of over $1 million or the major bread winner of the family earns over $250,000 per year. I personally take such studies with a grain of salt simply because to me, the criteria of being rich is flat-out wrong. Being rich, middle class or poor isn’t as much related to the money in your bank, it is more related to your mindset. Misconceptions of The Middle Class Unfortunately a lot of middle class people think they are rich because: They have a stable … Read More >

how the economy really works

Does the title of this post offend you? Good, because that means you are paying attention. The sad truth is, most people have no clue how the economy works. Zilch, nada, zero. And when I use the word economy, I am referring to the system used in most countries around the world which facilitates you (or robs you) in the process of earning, spending and taxing. In 1971, The United States came off of the gold standard which means that the value of the US dollar was not derived by gold anymore. Since the US dollar was no longer “pegged” … Read More >