The Finance Expert: Simple 6 Step WEALTH Formula ANYONE Can Use To Become a MILLIONAIRE! | Jaspreet Singh
The School of Greatness
Revealing the Profitable Dynamics Behind Financial Uneducation and Poverty
Financial institutions benefit from keeping people financially uneducated by encouraging saving in banks and accruing consumer debt. Banks consider deposited cash a liability, lending it out to generate profits. Saving money in banks, with minimal interest rates, leads to loss of value due to inflation. Governments prefer financial uneducation to ensure individuals remain as employees and consumers, carrying the burden of high taxes compared to wealthy individuals. This profitable cycle perpetuates poverty and financial illiteracy.
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