Financial Literacy Equals Financial Leverage

You really can’t blame people for getting it all screwed up. They have been taught that way, and we are social animals and we learn from our environment-I mean, this is nature. However, it’s just numerically the case that they were born in that relationship, in that family, in that city, in that society. The truth is absolutely different.What am I referring to? I am referring to how you’re taught and trained to get a job; taught, trained and educated to get a job.And you’re taught, trained and educated that you can get a better job if you want to make more money and have more of the comforts of life, when in fact there isn’t a job that will ever do it for you. A job, which some people say is an acronym for “just over broke,” is, as a matter of fact, what most people are.32

What are we talking about? This: it means being in business for yourself. But not just any business. Many business “owners” simply traded their job for a “pay yourself last” chain around their neck.. That could be worse than a job. You’ve got to get away from trading hours for dollars.”Oh, this is a good job. It pays $20 an hour.” (Adjust this figure for your own location and time.)You think so? Hey, on an eight-hour day that’s $160. Now, you can convert that to your own currency, but then by the time you pay 40-50% to the tax person, that ain’t a good job!And what are you going to do? Are you going to put in a little bit of overtime? How much can you do, and how much do you want to do? You’ve got to think leverage. You’ve got to think multiplication.

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