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Learn
About Capitalism And Business
to Achieve Financial Freedom
By Peter Nguyen - Feb 27, 2008
During the return of the shuttle Apollo 8 in 1968, the son of a controller asked, “Who is piloting the shuttle?” The question was relayed to astronauts aboard Apollo 8, and one astronaut answered: “I think Sir Isaac Newton is doing most of the piloting now.”
This is a powerful insight that can be applied to achieving financial independence.
The first thing to understand is that capitalism was designed SPECIFICALLY so that you could become financially free — you can achieve this within a year or it could take you 40 years. It’s really up to you, that is, it depends on how much time you give yourself for achieving this goal.
However, if you believe that only by working can a person make money, then you will never become financially free. You will have to work until age 65, when you will be forced to retire.
So what else, if not working, will produce money? Capital.
Yet most people are not able to properly define “capital,” even though we do live in a capitalistic society. This is like following a game of soccer but not being able to see where the ball is.
One definition of “capital” is “money put to productive use.” The result is an increase in capital.
For instance, you could put your money into a bank account and earn 10% interest. Or you could invest it in the stock market and earn 20% (of course, there are more risks here). Or you could invest your money into your own startup venture and possibly earn a return of 500% (this contains risks also).
Workers — most of us — know how to use our bodies and our brains, but not how to use the capitalistic system or the business system. This is why only 1 person out of 20 will ever achieve financial independence.
They are lacking secret knowledge about capitalism and business (and I share those secrets with members of MCN:
http://millionaireconsultingnetwork.wordpress.com).
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