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What is Velocity of Cash Flow? | Wealthy Mindset | Freedom | "MASTER INVESTOR" #wealth #biz
What is Velocity of Cash Flow? | Wealthy Mindset | Freedom | "MASTER INVESTOR" #wealth #biz #livestreaming #business #live #masterinvestor
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There is just one method we should invest if we intend to do so. The Master Investor method of investing is to make passive income.
Most people have been told the wrong advice about money, such as "The best thing a person can do with their money is save it," but the reality is that that would be the worse strategy for today’s economy. Money is no longer real money.
Such advice is nonsense because is a loosing strategy. Savers are losers. Good debtors are winners and wealthy in today’s economy. We have to keep our money moving if we want to be wealthy. The amount of wealth we possess is determined by the velocity of our cash flow.
Naturally, majority of people due to a serious lack of financial education they keep the historically low interest rates away from their kids because they themselves don’t even know the importance of studying money and how to become wealthy through investing rather than saving money.
Majority of people will need replace old beliefs with updated beliefs base on the new rules of money.
Or the ability of inflation to gradually devalue money, making it worthless to be a billionaire by the time we retire.
These are unpleasant realities of finance.
The "wisdom" to conserve money appears to be ageless because it persists despite being demonstrated to be incorrect. "Financial experts" still promote the notion that saving money makes us a millionaire.
We do not learn about money in school. Poor people don’t know what these straightforward charts showed here. The best thing we can do with our money is save it most people would confirm about money but that is a poor mindset because money is no longer real money.
The misguided belief that saving money is beneficial
We post an image of a savings register and a piggy bank in an article about the three steps to real estate investment wealth.
According to an old proverb, "A penny saved is a penny earned." other than when it isn't.
It is not criticizing savers as individuals when we suggest that they are losers. Many wonderful people take the financial savings advice to heart.
Finishing reading the article: https://masterinvestor.substack.com/p/what-is-velocity-of-cash-flow
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As we say here, “Money is just an idea backed up by confidence.” An asset puts money in your pocket. A liability takes money out of your pocket.
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