Is it true that if you do well in school and get a good job you will automatically become rich? Have you ever wondered why 90% of the people who win a lottery end up broke in a short time? How could ‘the’ Michael Jackson possibly become bankrupt? Why do 70% of retirees lose their retirement funds in a failed business or investment? Why do people fall prey to MMM, Loom, and other Ponzi schemes yearly? How do people lose money in the wrong investments?
All these questions stem from myths about money that have been believed for ages but aren’t necessarily true. Money is an interesting phenomenon because everyone is trying to make more of it. As they say, “Money makes the world go round.” I bet you have a job because of the money 😊 and that’s probably why most of us get out of the house before dawn. Everyone is hustling to become rich. Of course, money is crucial in all areas of life; why do you think a wise man said, “Romance with finance is annoyance”?
It is a known fact that half of the world’s net wealth belongs to the top 1% of the world population. Contrary to what most people think, there are some basic laws that govern money and your understanding of those laws will go a long way in determining how much wealth you will command. If you can master these simple laws, irrespective of your level of education or your salary, you can start your journey towards financial freedom.
Over the next few days, we’ll be sharing the laws that govern money and your ability to make more of it. We’ll look at money as a medium of exchange and a store of value, not necessarily the paper – or bank cards – we keep in our wallets. So, get ready with your questions because we’re ready with the answers.
Sit back and enjoy.