Dave Ramsey Advice Not Valid Until This Happens...
Kiyosaki was right
Dave Ramsey advice prudent for an old world that doesn’t exist.
Mike Maloney says “Currency takes. Money makes.”
True money MUST be a store of value.
If something is not a store of value then it can only be considered a currency.
Why is this important to you?
Because most people are saving liabilities they think are assets.
Dollars are debt instruments.
They are IOUs to the Federal Reserve like we showed a week or so ago.
The top of each bill says “Federal Reserve Note,” meaning that it is owed back with interest at some point.
Dave, why would I save something that has no inherent value?
This is why the average person cannot get ahead.
This is why most people can’t afford a simple emergency payment or expense that comes their way.
They have been trying to save debt instruments they were told were assets.
The wealthy have known that in an inflationary world that you must get rid of the currency and trade them for assets (things of real value.)
In essence, if people were taught the monetary system we wouldn’t be in this predicament in the first place. But since we are, real education of the system needs to take place.
We MUST stop putting band-aids on bullet holes.
Silver and gold removed from the coins and gold removed from the dollar.
There is a reason government did this.
Ask yourself WHY the government would do that?
Robert Kiyosaki teaches that savers are losers.
This is because most still save paper dollars that have no value behind them.
They are no longer a store of value.
Robert also said that because people don’t think outside the box and few continue to educate themselves.
Dollars are fiat currency and all fiat currencies have gone to zero in human history.
Be careful what tool you are saving with.
Dave Ramsey will be right as soon as bitcoin is full circle.
Kiyosaki will be out of style once we have real money.
Once you have money as a store of value and increases in purchasing power over time like bitcoin then it will be easy for average person to save your money rather than go in to needless debt.
Dave’s teachings will amplify the good habits people have already built.
His teachings make little sense in a fiat world since he started, but he will have persisted and will end up seeing his teachings become true.
The irony in all of it is that he constantly is ripping on bitcoin (and gold/silver) and saying that it’s just garbage and people trying to gamble and chase money.
Bitcoin exposes people and shows their true colors.
Bitcoin shows people for the work they either put in or did not put in.
Dave is not wrong for teaching his principles.
Dave simply doesn’t understand what money is: a store of wealth for your economic time and energy.
He may be good at making money or teaching good habits, but he is unsure how the monetary system works.
Like a doctor or lawyer may be good at their jobs and terrible with money or understanding the system.
Same problems but those problems don’t claim to know how the system works and how to help people financially.
Dave is trying to reset people’s habits and how they function at a beginner level.
Fortunately in a hyper-bitcoinoization world that is all people will need.
They wont need need the ability to start businesses and invest in real estate if they don’t want to do that.
They don’t need to go out on the risk curve and become a day trader on the weekends just to get by.
They will be able to work at McDonald’s or be a doctor and if they save more bitcoin than they spend each month they will all end up wealthy.
This only works if you have money you are storing and not currency.
Mind you Dave’s theories also seemingly played out because of a 40 year bull run in bonds that kept rates lower on average each year and financed any of the blinders one made in their portfolio.
This is why he thinks “good index fund” will help you win.
If you look at the realities, people who have done this have just maintained and those who haven’t have been destroyed.
Kiyosaki is great for lifelong learning and getting the best version of yourself and constantly improving yourself.
Dave focuses too much on telling others what to do, in my opinion.
I feel that people should invest in their education and becoming financially literate.
Bitcoin (sound money) will let all flourish.
Stay strong,