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RE: The rich buy assets, the poor liabilities and that is a secret of getting rich!

in LeoFinance • 3 years ago

This is one reason why the poor remain poor and the rich becomes even richer.
I think poor people are not financially enlightened enough to make decisions like this as they are not aware of it.

This is an eye-opener also for me.

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3 years ago in LeoFinance by
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     3 years ago  

    Exactly! Financial Education and reasoning skills using math are in sufficiently focused on in education.

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     3 years ago  

    Exactly,
    You state the most important point, the lack of financial enlightment, basically financial understanding, is the reason the many people get entrapped in debt.

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     3 years ago  

    I second your thought. Thinking of rolling enlightenment programs to this cause

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     3 years ago  

    I like that Financial zEnlightenment.
    It’s as if someone has shone a light on the answers to important questions or focused our attention on important concepts.
    Good post!

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