Did you know that Elon Musk only earns $1 a year in salary? So why is he the wealthiest known person in the world?
Maximize shareholder value.
Finance is a game. If you haven’t figured this out yet, then you’re the one getting played.
This game has regular players and great players just like in the game of hockey.
Hockey great Wayne Gretzky famously said that he moves to where the puck is going to be.
Where is the wealth going to be? In the shares of companies where the stock is going up!
You see, the janitor trades time for dollars. The CEO (like Elon Musk) trades time for shares. You can do both. The dollars you made trading for time can be used to purchase assets (shares, property, crypto, shadow investments).
The CEO isn’t necessarily smarter than the janitor. Due to socioeconomics, opportunities, and the ovarian lottery, the CEO knows where the time payoff is going to be.
-Monk
- Personal Finance is a game. But if you haven’t realized this yet, then you’re the one getting played.
2. Because, you’re playing this game already but someone else is profiting (off of you).
3. Your Financial Literacy is the pathway to your Financial Freedom.
So, to the youth, young adults, and the mothers who raise them, Financial Literacy: Monk Says… Learn the Game