In 1971 President Richard Nixon changed the rules of money. That year, the U.S. dollar ceased being money and became a currency. This was one of the most important changes in modern history, but few people understand why.
In recent years, the U.S. government has been creating money out of thin air through what is known as quantitative easing. This means they bolstered the Fed’s balance sheet by buying U.S. Treasuries to keep interest rates low, hoping to spur the economy through this artificial means.
For both millennials and Generation Z, it’s not too late, but it starts with financial education. Listen as host Alexandra Gonzalez-Ganoza explains how those who still save money as a means to get rich are losing in this economy, the three things stealing your wealth, and what you should be doing instead.
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Please read carefully.
This is not financial advice. You may be asking, “What does that mean?”
Let me explain…
Do not just do what I, my team, or my guest say. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.
YOU must take responsibility for your future and your success. That is why you are here. Neither I, nor my team, nor my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.
We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.
Also, understand that we are REAL teachers. We practice what we preach. With that in mind, we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.
Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.