We all know that online media is owned by the rich people that live in our society. Now we know that only a small percentage of families own the entire world’s wealth. Do you think that these wealthy families want their secrets out, so everyone can become wealthy too? No, I don’t think so.
They don’t want us to know how they manage their long term and household finances because they like all the wealth to themselves. But some smart people have cracked their code and have tried to make it available to the masses.
Here are a few things online media doesn’t want us to know about household finances:
Your salary isn’t that important
We are all part of a rat race where we work long hours to get paid every two weeks or once a month. We put in all of our energy into making ends meet. These rich people don’t want us to know that having alternative streams of income will be worth more and will help us better manage our household finances. These can include – rent from a property, dividends on stock, return on bonds, interest income from mutual funds or savings account, etc.
Staying informed about the market
The online media and rich people don’t want us to know about the market because timing is key. These elites know when and how the market is going to turn, but they don’t want to make it public. As the general public, we live on day-to-day expectations of how the market will be.
Having strong connections
The rich people have more connections than an average, middle-class person. A senior portfolio manager at Arlington Capital Management said, “the wealthy person has three best friends: her attorney, her accountant, and her advisor. The wealthy tend to use the law and tax code to their advantage when figuring out how to maximize their wealth, especially over multiple generations. They are not afraid to spend money upfront for counsel to get these answers’.
This leaves us, middle-class families, with fewer connections who can help us make informed decisions. Whereas the affluent can use their sources for additional income streams and manage their household finances well, the online media does not want us to know.
Spending on food
When we see ads or read online reviews of new eating places, we are tempted to visit the restaurant. We don’t know that online media doesn’t want us to know that rich people don’t waste their money on things like eating out. One major part of household finances is the money we spend on eating out. This money can be saved and used on things like re-investing.
Do you think these rich people are regular employees like us? No, they are bosses, they are entrepreneurs. What online media doesn’t want us to know is that it is better to be a business owner than an employee. Even if your venture is small – you will still be a boss. Managing your own business teaches you skills in managing your household finances well.
Don’t use your money
Do you think that rich people use their own money to run a business or other financing purposes? No, they leverage from other people’s money, which is an art they have mastered well. People who don’t belong to the upper-class think of ways of raising capital for their startup as they know without money, starting their business would be impossible. Online media doesn’t even want to teach us tactics of using other people’s money.
Now that we know that online media doesn’t want to see how rich people manage their household finances, we should get on top of our game and free ourselves from this corporate slavery. Entrepreneurship should be the way forward, and by being our boss, we will be more responsible and will make more money. This, in turn, would mean that we will be able to manage our household finances better. About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity.