The rich don't work for money

• If you fail to do that, you will spend your whole life blaming your boss, work.... for the problems. But it is your life and your responsibility.
• All of us fail. Successful people, however, take the setbacks and use them as an opportunity to work even harder.
• Money is a form of power, but financial education is even more powerful
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What I had to learn for a long time was not to depend on other people. People by nature blame adverse circumstances rather than blame themselves. But only when you don't depend on others can you achieve something in your life.

• Many go to school and think that is enough education, they work and think that more money will solve their problems. But the real problem is the lack of financial education. Why else are most lottery winners poor again after a while? They spent the money without knowledge and at some point it became less and less until they again had as little money as before they won the lottery. Many people think that more money will solve their problems. But when you have more money, it doesn't make things easier, it leads to bigger problems and debts.
• In school you only learn how to work hard for money and not how to make your money work hard for you.
• If you want things to change, you have to change yourself first.
• Because fear keeps people in their jobs. They are guided by their fear. These feelings rule the thinking, learn to think for yourself and not let it rule you.
• It's not about how much money you make, it's about how much you keep.

Assets and liabilities

• Why are not all people rich? Because they do not know the difference between an asset and a liability
• An asset brings in money,
• A liability takes the money away again.
• Here's a quick example: owning your own house is not an asset, it's a liability. Why? Quite simple. You spend money when your heating breaks down, you buy a new bathtub.... These are all costs. So if you want to buy a house, you first have to buy an asset that generates a cash flow that you can use to pay for the house and all the expenses.
• If you want to increase your expenses, you first have to increase your cash flow to the appropriate level.
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We have to manage to get the cash flow so high that it would cover all monthly expenses if we stopped working now. The surplus we get out of there we reinvest in assets. The more money there is in the asset column, the more the assets grow. And as long as we keep the expenses lower than the cash flow, we get richer and richer.

The history of taxes and their power

When people complain about saving too much tax, they should first of all know why there are taxes and then how they can use them to their advantage, because according to their principle the rich should not have to pay taxes. But they do, much more than normal people, they only know the loopholes that the state offers them, which are, for example, in real estate.

Originally there were no taxes, occasionally temporary taxes were levied to finance wars. In 1874, income tax was established in England. These historical dates conceal an important aspect: taxes were originally collected only from the rich.

They popularised the idea of taxes and won the support of the masses by telling them that they were only there to punish the rich. Although taxes were intended as a punishment for the rich, the system ends up punishing those who voted for it. Because the rich have to create jobs, housing.... and therefore do not have to pay so much tax.

In the end, the system is fair because it works the same for everyone. If one is willing to invest, it is in your favour

The rich invent money

Everyone has a certain talent, but most of the time we lack self-confidence.

• Financial knowledge requires both: courage and expertise.

Unfortunately, most people are not rich in the first place because they are terrified of losing. But failure is part of success.

Your knowledge is your wealth. Your biggest risk is what you don't know. There is always some risk involved, so just learn to deal with the risks and minimise them.

• Defeats inspire winners and destroy losers
• In school, mistakes are avoided, even punished. In real life, we learn from them.
• If a business opportunity is too complex and you don't understand the investment, don't do it either.

Work to learn, not for money

• I earn money with what I know. Everything I don't know costs me money. But when someone is arrogant, they consider what they don't know to be the least important thing.
• Arrogance = conceit + ignorance

Knowledge

The next step is to acquire as much knowledge about it as possible. Knowledge is power. For this reason, we need to educate ourselves our entire lives, because knowledge doubles every 2 years.

Since it is not easy to build up the necessary knowledge piece by piece on the internet and many statements are based on wrong assumptions, it is an advantage if you have someone who knows the subject and tells you everything you want to know about it. Below I show you a way to acquire the knowledge easily and without much effort.