This is How The Rich Use Money....
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The video discusses how traditional schools and society have failed people in terms of understanding finances. The speaker emphasizes the importance of budgeting properly, which means learning how to stick to a budget so you can put money aside every month and grow your savings account. It's important to understand what is important to you and work that into your budget, but don't overspend and try to look wealthy. The goal is to have some financial security and be able to enjoy the things that make you happy without going into debt.
The speaker also discusses the importance of investing and creating multiple streams of income to achieve financial security and freedom. Investing is essential for creating extra money and securing your future. It's important to diversify your investments and look for ways to make money and invest it wisely. The speaker also emphasizes the importance of understanding taxes, which can be confusing due to the involvement of lobbyists, politicians, and wealthy individuals. By taking these steps and educating yourself on personal finance, you can achieve financial stability and enjoy your life without going into debt.
The speaker encourages people to educate themselves on taxes by talking to experts, networking, and watching videos. The fourth step in managing personal finance is routine, which involves managing expectations and multiple streams of income. Although it may be hard at first, managing personal finance will eventually become second nature, and people will be financially and fiscally strong and smart. The speaker encourages viewers to subscribe to their channel for more information on creating wealth and managing finances.
The video discusses how traditional schools and society have failed people in terms of understanding