Exposed: Why Schools Will Never Teach You About Money
Published: 2023-11-13
Status:
Available
|
Analyzed
Published: 2023-11-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The US government profits from citizens being in debt.
"our economic system as it stands today would fail why because of three reasons number one our government profits when you're in debt"
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The US government's largest asset is loans receivable.
"the government's number one largest assets are loans receivable that means that the United States government's number one largest asset on their balance sheet are the loans that they have lent out to other entities"
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Federal student loans are the most lucrative asset for the US government.
"out of all all the loans receivable the largest and the most lucrative asset here for the United States government are federal student loans no other loan type even comes close"
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Banks profit from individuals being in debt.
"Banks profit when you're in debt"
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Interest income is the largest revenue source for credit card companies.
"what you'll see is again their largest income generator every year has been interest income it's even larger than their interchange income"
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Corporations profit when consumers spend all their money and are in debt.
"corporations profit when you spend all your money and are in debt"
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Consumer spending, even if it leads to personal debt, is beneficial for corporations and the economy.
"in scenario two you're doing what's good for the econom because you're spending money it's good for Gucci but it's not so good for you because now you're staying deep in debt"
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The economic system consists of businesses, investors, and consumers.
"our economic system is made up of three different players you have the businesses these are the entrepreneurs that create businesses you have the investors that own a piece of the businesses and then you have the consumers everybody's a consumer"
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Becoming an investor is necessary to succeed in the financial system.
"you have to become an investor to win in this financial system period"
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Consumer spending in businesses directly benefits investors.
"when you spend money in this business this is going to benefit the investors because the investors own a piece of the business"
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Product prices have consistently risen faster than wages for decades.
"the prices of things have risen faster than people's wages we've been seeing this happen before the pandemic we've been seeing this happened for many decades now"
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Individuals who transition from being solely consumers to becoming investors are the ones who succeed.
"most people get stuck here as consumers the people that win are the people that break out of this and start putting the money here"
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Money should be used to buy assets such as stocks, real estate, or businesses.
"you got to take some of this money and use it to buy assets again these could be things like stocks it could be things like real estate it could be things like buying or building your own business"
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Paying down credit card debt offers the best immediate return on investment.
"if you have credit card debt you are not allowed to purchase any of our briefs media products because well the best return that you can get right now is paying down the credit card debt"
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