“they can’t teach what they don’t know.”

2 ELITE MEMBER INSIDER SERIES THE 3 MONEY SECRETS YOU NEVER LEARNED IN SCHOOL

CONTENTS “THEY CAN’T TEACH WHAT THEY DON’T KNOW.” ................................................................................ 3

NOT ALL DEBT IS BAD DEBT! ......................................................................................................................... 5

SAVING MONEY IS NOT SMART! ................................................................................................................... 7

SCHOOL GROOMS YOU TO BE A GOOD WORKER ............................................................................. 9

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“THEY CAN’T TEACH WHAT THEY DON’T KNOW.”

School was a prison, we mean establishment, that most of us as children dreaded. However, as we have grown older, most of us have come to realize the importance of school.

And on the other end of the spectrum, we can see now as adults (through experience), where the school has failed us in many ways. We've all had those "I wish they would have taught me this in school," moments.

Unfortunately, a lot of these moments stem from a financial situation. For example, it's not until many young adults get out into the real world and try to purchase their first car or secure their first apartment when the importance of credit becomes known.

The plain truth is that schools are very one-sided in their teachings. They cover history, science, math, social studies, and other general topics that most of us have never applied in adulthood.


One interesting perspective is how the wealthy become... well... wealthy. Very seldomly do you hear of a financially successful individual credit their success to the education they received in school. While they will admit that school helped, not much more credit than that is given.

"Formal education will make you a living, but self-education will make you a fortune." - Jim Rohn

So, where do successful individuals give the most credit to where their wealth came from? From being taught and mentored by other successful individuals or through self-education.

Not to worry if you don't have a billionaire mentor on standby, because today we are going to cover The 3 Money Secrets You Never Learned in School! (Or rather, that they never taught us!)


NOT ALL DEBT IS BAD DEBT!

In school, most of us were taught to fear and hate this word. Ironic, isn't it? That grade school teaches u that debt is bad, but yet right after you graduate school (for those that go on to attend college), you are thrown into the nation's #2 leading causes for the debt—student loan.

So this one is arguably the most controversial. Some adults say that their student loan was the worst decision of their life. Others say it was the best investment. Depending on the circumstances, it can be either.

We all have that friend (or maybe that's us) that had no idea what they wanted to be but still chose to pursue a college degree. They went with something that sounded cool, took out a student loan, instantly dug themselves in $40k+ worth of student loan debt, graduated... And ended up never using their degree.

More than likely, they felt pressured to attend college, and instead of taking the time to figure out what they really wanted to pursue, they jumped in.

And then there's, of course, the engineer, the doctor, the lawyer, the dentist and like professions. These degrees are known for producing high grossing professionals.


Usually, when someone sets off on a path to pursue one of these professions, it was on purpose, not mistake.

Maybe they were positively influenced as a kid by someone in this profession, or perhaps their parents helped to guide them and teach them to pursue not only their passion but a career that would be financially rewarding.

The same example can be used interchangeably to describe many other topics. Another example is purchasing a home and the mortgage process that follows.

One family may decide to purchase a bigger home than needed or that they can afford. They've dreamt about a house like this for years, but never really took the time to create a budget and save for it.

They figured that since both spouses had decent-paying jobs, and that the banks approved them, they would take the opportunity to purchase their dream home. They knew that the monthly mortgage payments would be a bit out of their comfort zone, but regardless would make it work.

What they did not take into consideration was the "little" fee's that add up like HOA, insurance, maintenance, repairs, renovations, taxes, and such. The home quickly becomes more of a liability; then it does an asset.

Situations like this tend to end badly. Foreclosures and divorces are common results. The financial strains produced flow over to the relationship and turn even the most loving of couples against each other: bitterness, resentment, and remorse.

And then we have those who leverage real estate. They take out a mortgage, and even though they are in debt, they make it work for them. They may purchase a home that's well below their means of living. One that needs work, but that's fine with them!

They see opportunity! Buy low sell high! They make the needed renovations that boost the home value, and then they may turn around and refinance the home. With the additional money they receive from the refinance, they may go and purchase an additional home.

So why would they need a second home? Will they use it as a vacation home? Nope, purely rental income! As we covered earlier, they become the bank and or landlord for the tenants. Another method that has become more popular in recent years is even renting out their main home. Instead of making the full mortgage payment by themself, they approve a tenant to move in and then charge them 3/4 of their monthly mortgage as rent. With the right value-add property, a homeowner could even charge the tenant the full monthly mortgage as rent. The best of both worlds! Living for free while someone’s paying off your home loan. A method that takes care of the principal and adds to the equity at the same time.

And the same concept can be applied to vehicles as well. It's not debt that's bad; it's what kind and how you choose to use it. Is it serving you? Or are you serving it?


SAVING MONEY IS NOT SMART! Well, "just" saving money is not smart if you want to become wealthy. We'll explain. Rich people understand and practice the rule of putting their money to "work" for them.

They do work hard for their money, and they do save, but they save it specifically to invest it. School tells us (not even teaches us!) to only save money for a rainy day or to reward ourselves with certain purchases.

In reality, when we keep our money in a fiat like the USD or EURO, it is subject to inflation and deflation. Simply, $100 ten years ago won't provide as much buyer power today.

A $1 bill is still worth a dollar, but the prices of goods and services have increased, meaning it takes more dollars today to purchase those goods and services, which were technically cheaper even ten years ago.

A great (but sad) example of this is the situation Venezuela has been facing over the past decade, and which really escalated in the years of 2017-2020. The currency they were using became near worthless.

The same single coins and dollars they used to buy a loaf of bread, now took wheelbarrows full of coins. The answer? Citizens were putting their money into assets to hedge against inflation.

That was an extreme example of why at the core, it's never good to keep too much of your savings in cash. Even if things never get that bad where you are located, we want to be proactive now that we know that cash is not a good safe haven for our hard-earned money.

Incoming producing assets like digital currencies, real estate, stocks (those that pay dividends would be ideal), gold, silver, and like platforms are great alternatives to "park" your cash in.


Banks and financial institutions would do anything for you to not convert your cash in your bank account into other assets. Why? Because they make money off of your money.

Yea, another thing that school didn't teach us about money was that banks use our money to loan out to other people, charge them an interest fee, and then charge us for account fees and services.

The rich learned this at a young age. They were taught not to rely on banks, but to become the banks. This mentality of hoarding your money and never spending formed during the great depression.

It is understandable why the poor souls who suffered during the great depression of the early 1900s (caused by the banks) had this mindset. Although, as we know, times have drastically changed since then.

We are not saying that you should never use a bank, that you should never save, or that you should not work towards a rainy day fund. What we are saying is that you should allocate a specific amount of savings or emergency funds in a bank, and put the rest to work for you.

The people who get rich by saving usually die before they get to enjoy it. These are the stories you hear about a grandparent that lived a frugal life, saved every penny, lived like they were poor - and so their families thought they were poor.

Then after they passed, when the family received the inheritance check, they found out that grandpappy did indeed have money. He may not have been a millionaire, but he could have been if he had invested that money instead of "loaning" it to the banks for free.

Although real estate happens to be one of the more preferred assets that savvy investors tend to park their cash into, there are certainly various other vehicles you can utilize. Some people choose to invest in fine arts, some in shoes, cards, legos (yes, the price of vintage legos has skyrocketed), stuffed "beaned" animals.

We're not here to tell you what the best investment or save haven for your cash is, but rather encourage you to get out there, do some research and find what interests you the most.

You never know, it could be a hobby that you are passionate about that happens to be the best fit for you. In fact, those usually end up being the most rewarding.


SCHOOL GROOMS YOU TO BE A GOOD WORKER Wake up early, be on time, sit in a chair for eight hours a day, get a thirty-minute lunch, adhere to a schedule, ask to use the restroom, pay attention, and NO SLACKING OFF!

Wait, did we just describe our 9-5 job? We were actually referring to the school system that we all went through! But now that you have taken a step back, can you see the resemblance?

In school, we were taught that working for the same job for 40 years to receive a pension or retirement was the ideal goal, and everyone's dream for adulthood. But they forgot to mention that rarely does anyone ever become rich by working a 9-5 job.

They steer you in a direction to not take risks and jeopardize your stability. It's a paradigm of fear and scarcity that was

instilled into us as young children. So we should blame the teachers, right?

No, more like society and the "leaders" within the education space. If you share a similar experience to us, then when you were in grade school, entrepreneurship was looked at as risky and a path that should be avoided.

When in truth, it is entrepreneurs that help to build and support a country. But at the same time, not everyone was born to be an entrepreneur. So why are we telling you this? Well, we want you to keep an open mind.

You can still have a 9-5, but don't be scared to entertain other avenues to bring in income. If you always depend on your job for all of your financial needs, then you are at the mercy of your employer.

Ever heard of the saying "to them, you are just a number." Sadly, for most large corporations, that is the truth. When things get rough, and they miss financial deadlines and goals, they start slashing jobs.

They don't care if you have been with the company for three months, years or decades, you're just another brick in the wall! They send loyal employees home with the brown box or crate to cut costs while they keep feeding their executives fatter checks!


There is really no stability here. The goal is not to put all of your eggs in one basket. A phrase that was explicitly coined for investing, but since your time is money, this is an investment, and arguably the most important one.

Taking continuing education courses to become more knowledgeable (which makes you more valuable in the workplace) or courses to gain certificates to become specialized in individual skill sets or on specific programs is highly recommended.

This makes you more marketable as an individual, and just in case something did happen to your 9-5, you could always be confident that your skills and expertise are in high demand. Don't settle!

Keep your eyes open for better opportunities within your industry. Make it a habit to search through new job postings every couple of months. At your current workplace, seek mentors, seek opportunities that will add value to your life.

One of the main secrets that school doesn't teach you about money... Is how to make money! The Smart Way! And although a 401k can be an excellent way to save for the future, especially if a company offers a 401k match, it should not be your only investment.

We're not saying that it's terrible that school teaches us to be good workers, but we do feel that it's wrong that they are so one-sided and do not give us insights into other money-making avenues.

By now, you've already taken a few steps in the right direction (reading this article being one of them.) But don't stop here, keep searching, keep learning, and keep increasing your value that you offer to the world.

And now that you know the truth about school and what we were not taught, make sure to teach others what you know!

“they can’t teach what they don’t know.”

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