The M Word stand for ‘Money’. People are scared to talk about the M word. It’s a social stigma that’s ingrained from birth. That needs to change.
If people were more comfortable talking about money, society would be better off. People would be able to leverage this, to become wealthier. If people were comfortable talking about money, people would be able to make more. Save more. Invest more. And create generational wealth.
But people aren’t. Those who are comfortable talking about money, are ridiculed. Those who do something different, are also ridiculed. Why become financially free, when you can buy a new Gucci belt? Or the new IPhone?
This is why the rich stay rich, and the poor stay poor. The rich stay rich by pretending they’re poor. The poor stay poor by pretending they’re rich. The poor spend $150 on a pair of Flip-flops from Gucci (or another similar brand). The rich spend $2 on a pair of Flip-flops from a thrift store.
The poor don’t understand what an investment is. The poor think that consumer expenses are investments. New cars. A boat. And a big house. The rich know better. The rich know these are not investments. The rich know that their money needs to compound. Real Estate investments (Houses, office buildings etc.) And stocks.