Financial Freedom: 5 Middle Class TRAPS जो आपको गरीब बना रही हैं
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Financial Freedom: 5 Middle Class TRAPS जो आपको गरीब बना रही हैं
In this video, we discuss 5 common mistakes made by middle-class that keeps them poor and because of that they never get financial freedom. Forget about financial freedom and achieving financial independence early (FIRE), they get stuck in the middle-class and often in the same state. If you really want to get rich, build wealth and achieve financial freedom early in life then you need to understand the game of investing, the game of money, the game of power of compounding. Once you understand all of these, you will understand the traps made by the bank. Bank offers us fixed deposit, fixed income policies, ULIP, early retirement policies which gives you very less return. Even less than inflation. This is why Indians even after saving a lot of money, they remain in the middle-class trap and never get rich.
Rich people get rich using the power of compounding, by earning dividends from the stock market.
They pass that financial education to their children and their children becomes even more richer. However, the poor children never get the real financial education hence their financial IQ remains low.
Poor people work on jobs and never understand the game of money. Watch this video to understand the middleclass traps.