Tue. Nov 29th, 2022

As a good citizen who worked hard all of my life, last year I started wondering what happens to all of my money. I was constantly digging in to my overdraft and couldn’t remember the last time I didn’t have a personal loan. Sure, I had normal expenses. I am the only worker in our house and we run a car along with the usual stuff, mobiles, Sky TV etc.

However what I did not realise was how much was stolen from me by the government. It seemed I had been sleepwalking through adulthood not realising what was happening. I was part of the biggest cash heist in history and I wasn’t the only one! My money, which I work hard for was been stolen from me via taxes, inflation, debt and my diminishing pension. WOW! But what could I do to prevent this?

One thing is certain and it is that there are winners and losers when it comes to money. 96% of us are in the losers bracket, herded around like sheep, happy and content if we have a small amount of money at the end of the month. There are however an increasing amount of people who are experiencing too much month at the end of the money!! When I say increasing I should say cascading.

The last 2 governments have told us untruths about the “global recession”.

Try telling parts of Asia we are in a global recession, I was visiting my best friend in Singapore earlier this year and the future was looking very bright. The massive growth taking place in China and India is all over the press. Sure, they have a long way to go but they are moving in the right direction.

Try telling emerging countries like Brazil that they must tighten our purse strings and save for a rainy day. The truth is that 88% of countries have a higher growth rate than the UK. These are countries like Poland, Azerbaijan, Lebanon, Uganda. Nigeria and Ethiopia to name a very few. These countries are managing their growth perfectly well during this “global recession.”

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But what can we do now?

The answers will divide opinion but my own view is we have to become more entrepreneurial. We can no longer rely on the government of the day to look after us. We have to start listening to the right people, we have to change our mindset to adapt to a changing world. Simply put, we have to start to look after ourselves.
We have to change the way we think through education. Schools have 2 types of education, academic and professional. These are very important but they do not teach us financial literacy so we must learn this for ourselves. When we learn it we must start to educate our children and encourage them to educate theirs. Financial education has nothing to do with how academic you are or how much money you make, but more so what you do with the money you make.

Last June InvestUS attended the National Achievers Congress at The Excel Arena on the bank of the River Thames. There were 3500 entrepreneurial minded people at the congress. Most of the people attending were very successful and considered the £250 ticket price, a bargain. The energy created was incredible, the education was mind-blowing and the speakers were some of the most inspiring people you could ever meet.

During the afternoon of day 2, a straw poll was taken. Attendees were asked a series of questions and had to remain sanding if a particular statement applied to them. The net result was staggering! Out of 3500 attendees at this congress, only 7 people went to university, got the grades they studied for and were now working in their field of study. Of those 7 people, all were investors so they were excused by the other 3493 bewildered delegates. The average student leaves University with good grades and £23 000 of debt. If we take the conference, around 2000 people were still standing at the “did you go to university stage”. 2000 people will create £46 million of debt. Many of them will struggle for successive years to pay this money back, this is no way to start your working life. I will leave it to you to work out the relationship between £46 million of debt vs 7 people working in their field of study. My brain is scrambled trying to comprehend it.

By rahul