Working Hard No Longer Works

According to data released by the Social Security Administration, in 2014, 51% of US workers earned less than $30,000. The median wage was estimated to be $28,851.21 for 2014. The data also shows that approximately 67% of US workers earned less than $45,000. Before considering taxes, $30,000 per year comes to around $2,500 per month. Housing and food expenses alone eat away at nearly half of this. After considering that so many people – over half of all workers – take home such meager earnings, it’s easy to see why hordes are finding it difficult to make ends meet. In fact, a number find themselves in the red each month because of not having enough money. Many people are learning the hard way that working hard no longer works.

Working hard used to work in our grandparents’ generation when wages went further. Today, this simply isn’t the case any longer. The costs of everyday goods and services are just too high for the typical worker. This means that in order to get ahead the typical worker has to change their way of thinking and get with the new program! In other words, they have to develop a financial education and learn to have money work hard for them, like the rich. Since 1971, when the rules of money changed, earning a living through a job has become a waning concept. Still, scores of people either refuse to change or do not know that they need to. And they suffer as a result.

THE NEW PROGRAM

In this day and age, it’s about having money work hard for you, instead of working hard at a job. However, this is achieved through financial education. Since schools train students to become employees rather than rich, most people are clueless about financial education.

At the core, financial education emphasizes the importance of owning assets, or things that put money in your pocket. Examples are stocks and bonds, businesses, real estate, and precious metals, like silver and gold.

• Stocks and bonds
• Businesses
• Real Estate
• Precious Metals

The new age requires that people learn how to accumulate assets to cover the costs of everyday expenses. With enough financial education, it’s possible to cover way more than everyday expenses. It’s possible to even become rich.

The key is financial education, however you slice it. Most people choose to just adapt to their hardships and endure the pain until the point at which they can no longer. That’s not smart when a world of opportunity awaits you through financial education.