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Browsing Posts published by EconomyGuy

I wish I had known earlier about how to teach my kids how to manage money in a powerful way. Truthfully I have only one kid so far, but I know that there will be more on the way in short order. The Elevation Group with Mike Dillard has made it a lot easier to understand how I can teach my children the art of grown wealth over time and how to manage it for the future.

Everybody has been exposed to the stories of those unappreciative people that simply inherit a ton of money. It’s not difficult to be shocked by these kids, and I’m sure their parents never wanted to see their hard-earned fortunes destroyed by spoiled kids. Tragically these kids have never learned the value of the wealth bestowed on them, and it simply disappears. Tragic, but not uncommon.

All you have to do is look around and you will see example after example of children who inherited a fortune and wasted it away in a couple of years. It is the same thing that happens to Lottery winners. They may all believe that it can’t happen to them, but it still happens over and over.

Why Is That?

They have no idea how to manage money, and they certainly have never learned how to grow wealth over time.

Mike Dillard and The Elevation Group bring out some interesting points that I had never though about. It feels good to know that responsible wealth management will be taught to my children at a young age. They will understand how important it is to prepare their kids too. Nice to know.

I didn’t even really have a clue what The Elevation Group was talking about before I looked at this website. Most of the topics covered have not been on my mind, and they should have been.

For example, did you know that $90.00 is created out of this air in the bank, as soon as you put $100.00 into your account? That’s not so bad right? Perhaps not, but did you know that 90% is going to be loaned out of that money as soon as it reaches the next bank? Now there is another $81.00 that can be given for a loan from that very same $90.00

Does that $81.00 actually exist anywhere? Only in the books, and chances are it is going to find it’s way to another bank where the same thing is going to happen.

You might be thinking, “That money may not go to bank. They are probably going to purchase something with it”, right?

Well, where do you think that retailer is going to put the money. Sure, their bank gets it and, of course, the same rules apply to that deposit too!

Because of the knowledge I am gaining from The Elevation Group with Mike Dillard, I understand that that chances are more than excellent that an economic collapse is on the very near horizon.

This was inevitable, the minute that we began “borrowing money into existence”, then things got even more sure when currency was longer required to be backed by gold. Makes by skin crawl.

The Elevation Group will most likely be the knowledge that I need to keep my family financially safe as the next couple of years begin to happen. This is approximately how long you and I have before the next Great Depression begins to wrap it’s icy fingers around our country. Only this time, it may very well be even worse than the last.

I am not trying to be all doom and gloom, but wouldn’t you want to know if your family is going to be in a bread line a couple of years from now?