How to Go Bankrupt
This financial storytime video explores the new age self help gurus have been teaching the secret or the law of attraction in order to get rich quick either online, in stocks or real estate. They preach form the likes of Napoleon Hill Think and Grow rich or the Hermetic Tradition. As Above, so Below the saying goes. The problem is that it leads to a cult of toxic positivity that doesn't give you the real philosophy, theology, or even psychology behind wealth generation. It is important to note that quiet quit is not the path of this cycle. Quiet Quitting can be useful to buy time and energy for your own entrepreneur and self employed business.
Everyone wants to get rich quick with no experience or effort but few understand why celebrities and athletes go broke shortly after earning their wealth. Wealth on average lasts 3 generations the grandfather breaks his back earning it, the father relaxes and finds a work life balance while the son buys the Lamborghini, and travels the world. The son can get lucky where athletes make millions one year. And then athletes go broke the next. We also see this on r/wallstreetbets where religious father blows generational wealth in 2 days as outlined by Kamikaze Cash. People get blinded by greed as they should be looking up how to trade stocks for beginners, but instead are looking up stock options strategies and credit spread. Wall Street Bets (WSB) is another great place to observe the cycle of hedgies. The son here believes themselves to be a wsbgod but is low on the religion totem pole as they trade their wealth for bankruptcy. The son can get lucky and brute fore how to win the lottery - 100% Guaranteed. But lottery winners go bankrupt and end up worse off.
Fake guru and the media will spend all their money and time appealing to the son inside of you. They will flash their mansions, sports cars, and thousands of dollars all to get you to invest in their course. The most infamous of these courses was the "Here in My Garage" YouTube Ad by Tai Lopez. Opening the floodgates to the guru courses and mastermind programs promising financial freedom, a laptop lifestyle, digital nomad, and the ability to travel around the world.
Some examples of the new age guru inspired by Tai Lopez that have been targeted by coffeezilla, Mike Winnet, James Jani, and Spencer Cornelia
Kevin David had taught Amazon FBA and dropshipping
Dan Lok taught sales
John Crestani taught affiliate marketing
Iman Gadzhi taught Digital Marketing Agency (AKA SMMA)
Sam Ovens taught Consulting
And Samuel Leeds taught Real Estate Investing.
Each understood how to sell you on the dream of getting rich quick and how they went from being broke and in debt but after starting their business they began making six figures a month to millions a year all while traveling the world financially free. All you need is a laptop and you can have the fancy cars too.
Others exist to teach you wealth building principles but still prey on your fear with video titles such as Graha Stephan's No More Gas The Worst Energy Crisis, The Fed Just Crashed the Market, The Fed Just Reset the Housing Market, Dollar Crisis Explained.
Some like Dave Ramsey will flipflop with Biblical Wisdom for Financial growth but will be quick to expect you to work hard for his wallet while giving you little in return. The mindset of the grandfather is one who builds wealth for his family instead of working a typical 9 to 5. While we all love stories of Corporate greed, and theta gang going bankrupt that people like Joshua Fluke and kamikaze cash will promote if you don't meditate on wealth and self reflection you wont be able to break through the curse of wealth. If you can then you will be able create generational wealth. Make money so your kids never have to work but teach them the meaning of hard work.
You can learn How To Use The 2023 Recession To Get Rich despite the next great reset or wy the uk is collapsing it is all about the psychology of money.
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