You may get angry if I tell you your financial future has been decided. You probably may take it as a cheap joke. But it is not. Over 70% of people are constantly moving from paycheck to paycheck, 20% have something saved in an account or a pension plan for retirement, while just 10% controls the nation’s wealth.
A fact known only by a few. You want to know while over 90% of people are poor and will remain so?
I know what you are thinking and you are wrong!
Let me make it as plain as it can be
Over 70% of people are constantly moving from paycheck to paycheck, 20% have something saved in an account or a pension plan for retirement, while just 10% controls the nation’s wealth.
What is the reason for this disparity. It is hidden in our society. The cruel devil that constantly force a lot many to remain poor. And I am here to make the “unknown mystery man” known.
First of all, we all want to be rich, in a sense we dread waking up to a 8 or 9 o’clock job and getting home 4 or 6 o’clock. The routine has been a killer to many people. A sea of people doubt if there is anything asides it.
What a sec, is there a saviour? Is there anything that could be taught the most dumb mind among us that will distill the mystery?
Just breathe
Every question roaming all round your mind about money has an answer, but first of all,
Let me set the plains straight
There are basically 3 different income types, all others are simply under these.
3 Types Of Income
1. Earn Income: You get this kind of income when you have a job, you walk in a bank as an accountant, you are a nurse. You get paid for being an employee.
2. Portfolio Income: You own a share in Amazon for $100 and then sell it off for $200. This is also called capital gain.
3. Passive Income: This is a steady stream of cash. It is also called cash-flow.
Now you know, so what’s so special what the information above?
Everything!
The single most important reason why over 90% of the World population is struggling financially is a hard missing truth not told a bulk of us. One which was not added to our learning in school. It is called “Financial Education” and the number one expense of this raving crowd is tax.
Like I said you didn’t see that coming.
Most wealthy people don’t want you to know that you pay more tax than they. Rather, most wealthy people don’t pay tax. AND IT IS NOT ILLEGAL.
They get task breaks.
The rich depends on passive income, they create streams of income by building businesses providing jobs to over 500 and more people. They provide housing, they provide food and for doing that they get tax breaks. For these few 10% they get to go free from tax because they decide to do what the huge 90% have failed to do.
According to Robert T. Kiyosaki,
“Taxes are incentive, the reason I get tax break for real estate is because I provide housing. I get tax break for providing jobs, I get task break for providing oil, I get tax break for providing food.”
Your miracle is understanding the tax code, that is, the tax law. The law is for everybody to use if and if only you have the right financial education. More so, it is a telltale that building up passive income is the best strategy to avoiding the pin down of taxation.
To get it right, being an investor and a business oriented individual is your best bet. And as you do keep in touch with an attorney and the constitution for better understanding of how to apply the Law to favour.
If you will be rich, it will depend on your financial education.
Cradle of Massive Wealth 