It does make sense, many friends around me are barely enough with monthly incomes, they even too believe in paying high price Insurance will save their ass from any emergency.
medical insurance,saving insurance,education insurance are not a need. even they will give you dividen depend on the profit of the company investment.if they gain,you got dividen,if loss, you have to continue paying premium if your insurance polisi let's say you only have to pay premium for 10 years.after that let the dividen do the job. what you pay for medical insurance will burn a big part of it. if you start save for your child when he/she was born, after 18 years, the amount you can get ? compare yourself.
Well as Robert Kiyosaki said, there should be a class called "personal financial class" in primary and high school because there is no such class.
Many people who have high educated background but still got into financial crisis or high debt. Many of us are educated by our old folks where most of them are from work hard pay enough age.
Nowadays we should adapt the way of work smart pay high, not to meant some Forex Scam or Ponzi Scheme. That's why we are here to study and invest in stock market to earn more profit rather than work hard and been taught that stock are evil, go for Fixed Deposit.
Hopefully more younger start learn some financial knowledge from FREE internet world with just spend even 5 minutes to watch a short video or read an article.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Bruce88
1,130 posts
Posted by Bruce88 > 2017-04-13 15:11 | Report Abuse
How far it's true ?