Most people are totally unaware that the rules of money have distorted! Still playing by the antediluvian rules, they continue to grow speculative, perform hard at their jobs, and “earn a full of beans.” These ideas are not unaided primeval and out of date, they are plus deeply dangerous!
THE RULES OF MONEY CHANGED IN 1971
The rules of money distorted in 1971. On August 15, 1971, President Richard Nixon announced that the US dollar would no longer be backed by gold. The US dollar became a currency, and the rules of money distorted! A major effect of the US dollar becoming a currency is future prices of goods and facilities. Since 1971, the cost of goods and services has back than through the roof. By not having a financial education and realizing that the rules had tainted, workers and savers became losers.
SCHOOLS DON’T TEACH FINANCIAL EDUCATION!
Since schools performance not teach legal financial education, the majority of people are taught to profit a job. Schools train students to become employees, operational at someone else’s company. This presents several problems.
LOW WAGES, HIGH COST OF LIVING
The first painful is the pay. Data from the Economic Policy Institute function that in the past 1979, workers’ wages have remained essentially flat, even while their productivity has consistently increased greater than era. Greater production means greater profits for the businesses. So, as corporations have united greater loads sophisticated than this timeframe, their employees have grown poorer due to their inability to save up once the lump in the cost of goods and services. In effect, workers have grown poorer anew grow old-fashioned because their wages have not kept happening then the increasing cost of animate.
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HIGHER TAXES
The second tortured is taxes. Employees pay some of the highest tax rates. Not on your own are their wages low, but a chunk of their pay as well as gets taken out and unmovable to the giving out in the form of taxes. Being an employee prevents the attainment to swearing the tax breaks and incentives afforded to businesses. Businesses are rewarded for creating jobs and stimulating the economy. Employees are penalized for their hard be in via difficult taxes.
INCREASED COMPETITION
The third difficulty is globalization. As globalization steadily increases and more employers strive for cheaper labor sources from abroad, the competition for character, high-paying jobs will with gathering. This is bad for employees because the advantage lies as soon as matter owners at the forefront there is always someone harmonious to realize your job for cheaper.
NEED FOR FINANCIAL EDUCATION
As you can see, the rules of maintenance have changed and the compulsion for financial education is more important than ever! Working cold and “earning a alive” are dangerous concepts that don’t accomplish taking into consideration they used to. Instead of functioning difficult to earn keep, you have to learn to take steps the game of child support bearing in mind the wealthy – and have your money discharge commitment remote for you! Because of their financial education, the proficiently-to-make a buy of make child maintenance through assets, things such as businesses, definite home, stocks, and precious metals. To fine-melody your moving picture you have to smarten taking place. Working harder isn’t the right of entrance. Working smarter is! Begin your financial education today!