Let's face it, it is no secret that today people are going through some desperate financial times.
But here is a question, what are the wealthy people doing about it? Why is that the struggling people just seem to sink into more into financial despair while the wealthy are barely affected? Do they have some genius wealth advisor? Or do they do they know something that poor and struggling people don't? Considering many of the people who lost homes during the mortgage crisis had financial advisors it is clear that it is the latter.
You may have heard the term financial "IQ" Whether you like it or not, the fact is that the majority of people today have very low financial IQ.
Wealthy individuals today have an arsenal of tools and strategies that they use to maintain and create wealth.
In this article we will cover just one but it is an absolutely crucial one.
So put away the distractions and listen up! It is time to start paying attention to your financial wealth.
So what is this strategy? it is called collect wealth, sounds simple enough right? Well lets elaborate.
Now the following may seem very foreign for the average person and for some even down right confusing.
But by the end of this article it should all be crystal clear; Today the average person has no idea about wealth management.
Today 80% of people are involved in debt collection and only about 20% actually collect wealth.
Now by debt collection I don't simply mean racking up the good old credit.
Today most of us collect paper money or US dollars and hope to grow it some how; Whether it be in the stock markets or in real estate.
Paper currency is inherently debt, it is more complex than this but for now that is all you need to know.
So the more Paper money or dollars you collect the more debt you collect.
Wealthy people do not chase paper currency or collect it; They collect tangible assets.
Lets have a brief history lesson, when president Nixon severed the relationship between the US dollar and gold it meant that the US dollar was no longer backed by anything.
So today the more money that gets injected into the economy by all the bail outs the value of your money and savings plummets.
So if you have been collecting for retirement for years you pretty much guarantee that your savings will not be worth as much as they were in the past and will most likely continue to lose their value.
So the more you collect the less you're saving! Make sense? Well look at this way, imagine your bank account is a bucket and your collecting water for when the rain stops and the drought comes, but the bucket you have has several leaks and you just can't seem to increase your savings of water.
So what do you do? Well you don't try to collect harder and faster so that the speed at which your losing your water will be slower than your speed of collecting your water.
That would be just stupid, wouldn't it? So if the wealthy of the world are not collecting money than what are they collecting? Do not get me wrong this is not to say that rich people do not have money in their bank accounts, obviously they do.
But what makes the bank account of the wealthy so much different than that of the average person is that their bank accounts are backed by assets, so they do not worry when the currency loses its value or the stock market and job market go up or down.
So plain and simple wealthy people collect assets while the poor and middle class collect debt.
If your bank account is not backed by assets today! It is definitely something you want to address immediately! One asset that people are rushing too today because of the sheer bargain that and value that it provides in today's up and down market is precious metals.
Gold and silver are definite steel, particularly silver.
This one strategy has been responsible for creating thousands of wealthy individuals who have gone on to become multi-millionaires in a so called down economy.
If your ready to make the jump and take the leap of faith then you must invest on educating yourself and increasing your financial IQ, you becoming financial free is more then just a possibility, if you can learn and implement these wealth building strategies it can be a reality.
For more information on how you can get your hands on assets and get your hands off debt check out the resource box at the bottom to get you on your way to manifesting wealth.
But here is a question, what are the wealthy people doing about it? Why is that the struggling people just seem to sink into more into financial despair while the wealthy are barely affected? Do they have some genius wealth advisor? Or do they do they know something that poor and struggling people don't? Considering many of the people who lost homes during the mortgage crisis had financial advisors it is clear that it is the latter.
You may have heard the term financial "IQ" Whether you like it or not, the fact is that the majority of people today have very low financial IQ.
Wealthy individuals today have an arsenal of tools and strategies that they use to maintain and create wealth.
In this article we will cover just one but it is an absolutely crucial one.
So put away the distractions and listen up! It is time to start paying attention to your financial wealth.
So what is this strategy? it is called collect wealth, sounds simple enough right? Well lets elaborate.
Now the following may seem very foreign for the average person and for some even down right confusing.
But by the end of this article it should all be crystal clear; Today the average person has no idea about wealth management.
Today 80% of people are involved in debt collection and only about 20% actually collect wealth.
Now by debt collection I don't simply mean racking up the good old credit.
Today most of us collect paper money or US dollars and hope to grow it some how; Whether it be in the stock markets or in real estate.
Paper currency is inherently debt, it is more complex than this but for now that is all you need to know.
So the more Paper money or dollars you collect the more debt you collect.
Wealthy people do not chase paper currency or collect it; They collect tangible assets.
Lets have a brief history lesson, when president Nixon severed the relationship between the US dollar and gold it meant that the US dollar was no longer backed by anything.
So today the more money that gets injected into the economy by all the bail outs the value of your money and savings plummets.
So if you have been collecting for retirement for years you pretty much guarantee that your savings will not be worth as much as they were in the past and will most likely continue to lose their value.
So the more you collect the less you're saving! Make sense? Well look at this way, imagine your bank account is a bucket and your collecting water for when the rain stops and the drought comes, but the bucket you have has several leaks and you just can't seem to increase your savings of water.
So what do you do? Well you don't try to collect harder and faster so that the speed at which your losing your water will be slower than your speed of collecting your water.
That would be just stupid, wouldn't it? So if the wealthy of the world are not collecting money than what are they collecting? Do not get me wrong this is not to say that rich people do not have money in their bank accounts, obviously they do.
But what makes the bank account of the wealthy so much different than that of the average person is that their bank accounts are backed by assets, so they do not worry when the currency loses its value or the stock market and job market go up or down.
So plain and simple wealthy people collect assets while the poor and middle class collect debt.
If your bank account is not backed by assets today! It is definitely something you want to address immediately! One asset that people are rushing too today because of the sheer bargain that and value that it provides in today's up and down market is precious metals.
Gold and silver are definite steel, particularly silver.
This one strategy has been responsible for creating thousands of wealthy individuals who have gone on to become multi-millionaires in a so called down economy.
If your ready to make the jump and take the leap of faith then you must invest on educating yourself and increasing your financial IQ, you becoming financial free is more then just a possibility, if you can learn and implement these wealth building strategies it can be a reality.
For more information on how you can get your hands on assets and get your hands off debt check out the resource box at the bottom to get you on your way to manifesting wealth.