Jaspreet Singh

And so what happens to so many people is we go to school to get a good job, and now we go and get an income, and then we go and spend money, and that recipe is a disaster.

Just statistically, the majority of Americans are living paycheck to paycheck.

And by majority, it depends on which study you read.

It's somewhere between 55% and some people say as high as 78% of Americans have no money left over for a gift, a vacation, let alone an investment after I just pay my basic necessities.

And now the problem and question everyone has is why and how do I get out?

And in order to get out, because that's your question, you have to understand the why.

Because the reality, and this is going to sound harsh, but I learned this the hard way.

Our system is so rigged for the rich and the financially savvy, but we're never taught to be financially savvy.

What do I mean?

When you understand money, it's much easier for you to get that money and grow that money.

When you don't understand it,

You're the one that's making everybody else rich.

So in this system where you are working to make money and spend money, you're working to make everybody else rich except yourself.

Why?

Because the majority of America and really the world now is I make money and I spend money.

And every dollar you spend is a dollar going into somebody else's pocket.

And in our society, we live in what's called a credit-based economy.

What that means is if I make $100 from my job, I have the ability to spend that $100 plus more thanks to Visa, Amex, MasterCard, Discover, and all the other forms of debt out there.

And so if I go out and spend $100, I'm going to make you $100 richer.

If I spend $100 plus $50 on my credit card, I just made you $150 richer.