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INVESTING BRIEF

Investing Brief simplifies personal finance, investing, saving, and wealth creation with practical insights to help you make smarter financial decisions.

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You’ve Been Programmed for Poverty — Avoid These 10 Traps

12 min read5 days ago

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Photo by Jon Tyson on Unsplash

We have a system set up where most people are broke and stupid. How? Banks profit when you’re in debt; corporations profit when you buy their products.

Governments profit when you’re just an employee, not an investor or a business owner, because you’ll pay the most in taxes.

If you don’t want to be known as the person who makes everyone else rich and get stuck in this system, you need to stop doing these things.

In this story, I’m going to show you 10 things that you can stop doing to get you out of this system and create real wealth for yourself.

1: Don’t spend money you don’t have.

What that means is: watch out for the three C’s: cars, credit cards, and lines of credit.

#CARS

When most people think of cars, can I afford a car, they think, “ Can I afford the monthly payment on that car? Can I afford the $600 a month lease payment? Can I afford the $584 a month on my monthly payment? But when you want to actually afford a car, I want you to understand that your car is a liability.

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INVESTING BRIEF
INVESTING BRIEF

Published in INVESTING BRIEF

Investing Brief simplifies personal finance, investing, saving, and wealth creation with practical insights to help you make smarter financial decisions.