Friday, August 21, 2009

Why being middle class is not good enough

One of the many important teachings
that I gathered from the millionaires' workshops
I attended in the past 9 months
is the realization of the middle class crisis.

According to Robert Kiyosaki and many others
the current middle class is soon

This is due to
the new capitalism system after 1971,
the abuse of debts in current financial system and
the poor financial education in general.

When a big financial tsunami hits,
most of the middle class people who
preferentially save their hard earned money
will lose their money substantially and
downgrade to poor class.

The already poor class people will suffer the most.

Whereas, the rich and super rich class will be cushioned
by their higher financial IQ and cash flow investment.

In Kiyosaki's seminars and books,
he repeatedly expressed his concern of
wide spread financial-illiteracy,
and hence his good will to educate.

He believes financial IQ is the only key to
draw the middle class out of the crisis.
He foresees, the vanishing middle class will
segregate into the poor class and the rich class
depending on whether they are willing to
increase their financial IQ.

Well wishes,
Kee Yew

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...