As you will see from my DEBT page, it is nearly impossible to create or build wealth with DEBT. YOU NEED MONEY TO MAKE MONEY. That is why the rich get richer, and the poor stay the same. Of course, there are always exceptions. You will always find a few who manage to go from living in poverty to living in DEBT. You may even find fewer who are able to go from living in DEBT, to becoming part of the Investor class.

However, if you’ve bought into the notion that you need to take on $100k in Student Loan DEBT in order to be successful and build wealth, just know that you fell for the Okey Dokey. The Student Loan DEBT that you straddle yourself with is designed to keep you in the Wage class because as long as you have DEBT, you are a slave to your wage. Have you ever considered why it is that NO STUDENT LOAN, Private or federal, can be discharged in Bankruptcy but a Billionaire can file Bankruptcy multiple times and remain a Billionaire? Just think about that for a second…

Same goes for Home ‘Ownership‘. We think that buying a home is an investment because we have no idea what it means to invest. We take on 30-year debt instruments because they have led us to believe that the value can only go up so it’s ok. Ask all the people who lost their homes in 2007, 2008 and 2009 if it was a good “Investment”. When you straddle yourself with DEBT you not only make yourself a slave to your paycheck, you also make yourself super vulnerable to economic downturns.

We have all been fooled into thinking that the American ‘Dream’ can be achieved through education, hard work and determination.

I call BS. It’s called a DREAM because you have to be asleep to believe in it. We need to clearly define what WEALTH is. We need to define what it means to be in the ‘middle’ class and why the wealth gap will only continue to expand, as long as we keep believing in these lies, participating in this system, and working to maintain the status quo.