Do you know the main difference between the wealthy and the struggling? Yes, clearly it has to do with money, but not in the way you think. There’s more than just bank account balances separating these two groups. Simply put; wealthy people think differently. They have knowledge that they keep to themselves, and don’t want you to find out about. The secrets of the wealthy are about money management and should have been taught in school, but weren’t. We call this wealth education.
So do wealthy people go to schools where wealth education, is taught? Not exactly. While some wealthy people may use fancy schooling to segregate themselves from the lower classes, this isn’t necessarily the reason for their wealth or knowledge. In fact, although it has long been believed that this is the case, studies have shown that a college education isn’t enough to bridge the gap between the wealthy and not wealthy.
So, if most wealth education is not taught in school how do you learn? Is there a crash course to wealth? I’m happy you asked. At Jay Morrison Academy, we teach you everything you need to know about what we call the equivalent of ABCs to wealth; the RBC’s. RBC is short for Real Estate, Business, and Credit, three crucial points to acquiring, and maintaining, wealth.
Real estate, or land/property ownership, has always been the key to wealth. It’s as true now as it was in the past. The number of U.S. residents that are renting their homes has increased, right along with the price of rent. This makes owning real estate a great means to cash flow and a critical component to acquiring wealth. If you’re not sure where to start, or exactly how to delve into the market of real estate, why not try our Real Estate class? Our curriculum breaks down strategies used to make incredible profits and avoid costly novice mistakes. .
Lots of businesses are started each year, but sadly many of them seem to end up barely scraping by or failing all together. Whenever small businesses are in the media, they certainly don’t make it look like running a business is the secret to wealth. But it can be. If you want to learn about the secret formula for establishing, maintaining, and scaling your enterprise, bringing your idea or vision to fruition, hiring, firing and understanding how to “always” have access to capital so that you can maximize profits.
People who aren’t wealthy seldom think much about their credit. But what you might not be aware of, is that your credit determines much more than your car loan interest rate. Did you know, for example, that your credit score drops a few points every time you apply for a store credit card? Or that your credit determines how much you pay for a phone plan or utility services?
Unfortunately for you and me, the number of businesses using our credit scores to determine what to charge us are ever-increasing, and our awareness of the practice is decreasing at almost the same rate. Like with most things, knowledge is power when it comes to credit scores. Want to know more about the many situations in your daily life that are impacted by your credit score, and maybe more importantly, want to know what to do about it?
Sign up for our RBC Curriculum to learn the insider strategies to building and repairing your credit, dissolving debt, adding stability to your life AND even starting or growing a business using your personal credit.