In order to become rich in the 21st century, you must stop thinking of wealth in terms of money. According to financial guru Robert Kiyosaki, the rules of money changed drastically in 1971:
- In 1971, President Nixon took the U.S. off the gold standard.
- In 1971, the U.S. granted itself the license to print money.
- Dollars are now backed by nothing
What is Money? Money is simply a by-product of your true wealth – your Financial IQ. Many people were good at making money under the old rules of money. It was far easier to make money under those rules because all you had to do was work hard, save, and invest conservatively. Today, it is much more difficult to make money and keep it if you do not have a high financial IQ. You need to learn how to invest money, that is why the gap between rich and poor is growing, not shrinking. That is why the middle class is being wiped out!
If you do not believe that the rules of money have changed, you’re toast. If you still think it is smart to work hard, save your money, and invest in a well-diversified portfolio of mutual funds, you will become poorer. THE OLD RULES ARE DEAD!
It’s time you take charge of your financial future. Start to learn to invest money. Surround yourself with those who are smarter than you and find as many mentors as you can. A mentor is define as someone who is already where you want to be. Your financial IQ is what will make you rich. Taxes, interest, and inflation can make you either poor or rich, It all depends on your financial IQ. Treat life like a learning adventure, and if you always strive to increase your financial IQ, wealth will come your way.
