MINDHUGS WELLNESS

For the best parts of our lives, most of us are advised to go to school, study hard, pass and get a good job with a good salary. This advice was all we needed in the industrial age. When the world changed and the rules of money were rewritten, the memo to change our mindsets in relation to money was somehow lost in transit. Today, the rich teach their kids to get financially intelligent, start and run big business and invest in appreciating assets. The poor still teach their kids to look for a good job and a good salary. The rich teach their kids to make money work for them, whiles the poor still work for money. This is one of the most significant reasons the poor get poorer and the rich get richer. PKT #BookAddict #SmartMoney

Lots of people are unsettled at the thought of sitting down to draw up a budget for their lives. It sounds too daunting for them. Interestingly, it is quite as simple as making a list of items you need, assigning specific amounts to them and having the discipline to stick to your own list. I think it was John Maxwell who said, "Making a budget is telling where your money where it should go instead of wondering where it went". If you don't know how much you spend on what, how do you improve your personal finances? A budget is the first step towards financial discipline and subsequently, financial freedom. Learning to master control over your financial life is learning to take charge of your destiny and destination. #SmartMoney #MandateBookClub

The rules of money changed in the summer of 1971 when President Nixon detached the American dollar from gold, in effect changing it from a gold standard (real money) to monopoly money (fiat currency). It meant money now drastically depreciated instead of appreciating. What did this mean? It simply meant that, if you just saved your money and didn't invest in appreciating assets or money making vehicles, the value dropped everyday. Funny enough, nobody will teach you this in school and even the bankers will not tell you the truth. In the new world of money, financial intelligence is king and what you don't know WILL hurt you. PKT