Building Wealth 101 - Follow the Masses, I Don’t Think So

Building Wealth 101 - Follow the Masses, I Don’t Think So

Is everyone using the wealth building strategy? It is probably wise to look in another direction. Keep that idea in mind as you read this blog.

You have been lied to in regards to how to make lots of cash. When I say lots of cash I mean up to 100% profits. If this amount of profits seems far fetched keep reading. I will tell you who lied to you, why they lied and what you can do to fix it and make a ton of money. I will even tell you where to earn big money now.

THE LIE

We have all heard of this wealth building strategy. Or should I say mindset?

Investment fund managers and so-called analysts and experts have deceived the public into believing that earning 4% - 11% a year is good. They have suckered you into thinking that if they help you earn profits of 15% - 22% a year you should bow down to them and call them king or queen.

These liars want you to think that since they went to leading schools that they know best how to manage your money. I have yet to see a school really teach a person how to grow money. If these schools taught the liars how to grow money they would not have so much student loan debt.

I recently read a full page advertising for a major mutual fund company where they used an example, that if you invested $4,000 at the age of 35, hypothetically if your investment grew at 8% annually you would end up with $59,141 at retirement. In the small print they tell you that the ending value does not include taxes, fees, or inflation. You and I know that if you back out taxes, fees and inflation you would probably be left with your original $4,000.

The advertising goes on to tell the readers that they should not stunt their IRAs growth and should contribute every year. They want you to contribute to their fund of course. Why would you continue to contribute to their fund and at best end up with $59,141 for your retirement in 30 years? By the way, the advertising does not mention what the mutual fund actually made the previous year. This may be because the mutual fund actually made less than the 8% they talk about.

WHY THEY LIED

The liars lied to protect their own interests. The liars can comfortably invest your money without too much thought and earn single digit and sometimes low double digit profits for you. They can put your money in an index fund such as the S&P 500 or the Dow, which are a group of stocks that are supposed to mimic what the overall stock market is doing.

In taking this approach if they lose your money they can say, well everyone lost money because the overall market was down. In other words, you don’t really expect them to make you money even when others are losing money do you? Come on this would require too much work on their part.

It is easier for the liars to collect their fees from you regardless if you make money or not by simply investing in the same manner as their counterparts. This way they do not have to worry too much if you decide to take your money out and move it to another mutual fund, because for the most part there is little difference in the way they are all performing.

If everyone is using a wealth building strategy – it is probably not a good wealth building strategy to use.

Tune in tomorrow for the follow up to this blog.

If you are interested in learning how to create a money making discipline for yourself, right now, then go here. www.themoneymotivator.com . Learn confidence creating secret wealth building strategies that you can use forever.

David Wells has taught others how to establish a debt reduction system that can be used in good times or bad. To learn some wealth building strategies and money making secrets go here. www.themoneymotivator.com