Wednesday, November 3, 2010

Wealth/Financial Disaster Ingredients

Knowledge + Discipline + Fear + Greed = Wealth

Ignorance + Recklessness + Fear + Greed = Financial Disaster

Above 2 equations from a book of Andrew Chia. Notice the common ingredients are Fear + Greed which took me by surprise. Is true when you come to think of it that fear & greed are present in humans. Is the other 2 ingredients that produces different outcomes.

How come the subject of $$ is not taught in schools?

Mass ignorance = Financial Disaster when the masses are woefully prepared for retirement.
Mass ignorance = Easier to rip & sell unsuitable profits leading to handsome profits for financial institutions.
Mass ignorance = Large numbers of people stuck in a job they don't like.

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