Académique Documents
Professionnel Documents
Culture Documents
Start Now 39
pg. 1
INTRODUCTION
pg. 4
PART 1
THE
EDUCATION
SYSTEM
pg. 5
The Lie that Keeps Us Enslaved
This book is not an invitation for you to
quit school. It is an invitation to learn more than
what the traditional schools are teaching,
because the job of traditional public schools is
to provide you with the necessary tools to
become an employee. This is the time when
your mind start to get train to run the rat race. It
is your responsibility to want more and to break
free.
pg. 9
potential and the ability to use those skills for
the greater good.
pg. 10
Teach Your Children
Financial Literacy
“An investment in knowledge pays the best
interest”
Benjamin Franklyn
pg. 13
PART 2
THE
UNFORTUNATE
REALITY
pg. 14
The real reason why schools
don’t teach finance
I will tell you the real reason why
personal finance is not taught in school. It is
because the system wants us to remain in debt.
It is because 70 percent of this country’s GDP
(Gross Domestic Production) comes from
consumerism. Yes, you read that correctly! If
we don’t spend, the economy of the United
States will collapse. This is why the average
American has an average of $15,675 in credit
card debt, $30,000 in student loans and $27,865
in car loans. The total debt owed by consumers
in the United States is more than 10 trillion
dollars. You are being trained to work until you
die, to spend every penny you make, and to get
into debt. While 97 percent of the population is
running in this rat race, the remaining 3 percent
are getting wealthier by the minute.
pg. 17
Stop Wasting Your Time
“Time is what we want most
But what we use worse”
William Penn
pg. 19
some of your televisions, cut the time you spend
on social media, and invest in your mind.
pg. 20
PART 3
HOW TO BREAK
FREE
pg. 21
Choose Your Friends Wisely
“Respect yourself enough to walk away from
anything that no longer grows you”
Daily Scrolls
“At first they will ask you why you’re doing it.
Later they’ll ask how you did it”
-Many successful people
pg. 23
“When the entirety of your earnings are
exhausted on food and shelter, your labors are
no longer viewed as an opportunity for economic
advancement, but rather as an act of self -
preservation. In the real world, that’s
called….Slavery”
-CND Williams
pg. 24
What is Personal Finance?
And
Why is important to know?
Budgeting
Saving
Investing
Banks
Inflation
Compound interest
pg. 27
teaching you how to distribute your money
properly.
As a guideline, your money should be distributed
as followed:
pg. 30
TheTruth about Banks
“You can never expect loyalty from an institution that
will do anything for money”
A.C. Pascacio
pg. 32
Moreover, keeping your money in the
bank will affect its value due to inflation.
Inflation simply means that as prices increase,
the value of your money decreases. Today,
$10,000 will only be worth $6,000 15 years
from now. Food, rent, phone bills, and gas will
go up and investing is the only way to keep the
value of your money. If you keep your money in
the bank for 15 years, the bank will still give
you $10,000 but that money will only be worth
about $6,000 in the future. You must always
find a way to beat inflation which usually goes
up about 3% each year. The things you purchase
today will cost 3% more a year from now.
pg. 33
“Do not save what is left after spending,
But spend what is left after SAVING”
-Warren Buffett
pg. 34
Invest, Invest, Invest
As I mentioned before, your financial
freedom fund should be invested, and only used
to buy things that increase in value. It should not
be used to buy a car, boat, or anything else that
decreases in value over time. This fund should
only to be used to create financial wealth. You
can use it to buy real estate, a business, stocks,
mutual funds, corporate or government bonds,
and any other investment that has the potential
to increase in value. Remember, not
contributing to your financial freedom fund is a
mistake you cannot afford to make.
pg. 37
Let say you invest $1,000 at a 10% annual
interest rate for 5 years, after year one, you
will have $1,000 plus $100 interest. Your total
will be $1,100. What compound interest will
do in the second year is pay you interest not
only on the initial $1,000, but on the $1,100
you now have. In year two, you will have
$1,100 X 10%= $110. The $100 interest you
got paid in year one has now earned you an
extra $10.
pg. 40
4) Keep negotiating your salary, bills, and the
things you buy. Always look for ways to
increase your income and lower your expenses.
If your employer does not give you a raise that
you believe you deserve, find another job. You
know your worth and companies should pay you
accordingly. Do not feel obligated to stay in any
job out of guilt because when a company isn’t
performing well and budget cuts come around,
you might be the first one they let go. Your
company does not care about you or your
family; it only exists to make money.
pg. 41
Here’s another rule of thumb: Don’t ever
pay for anything at full price. Buy the items
you need at discounted prices, whether it’s
groceries, clothing, car, etc. Never be
embarrassed about not wanting to pay full price
because the rich do it all the time. The rich hire
personal assistants to find them everything at
the best possible price from hotel reservations to
dinner reservations. They use their financial
intelligence to negotiate prices, and here we are,
paying full price just because we are ashamed to
pull out a coupon.
pg. 45
SOURCES
Websites
Raceforward.org
Hackeducation.com “Factory model of
education”
Hoffingtonpost.com
CNN
Google Finance
Yahoo Finance
Investopidia.com
Nerdwallet.com
Wallethub.com
CNBC
USA Today
Bloomberg News
Time Business Magazine
Books-
Videos
pg. 46
RESOURCES/HELPFUL SITES
Strongholdfinancial.com
To link all of your investment accounts and get them
analyzed for every fee and risk you are taking
Personalfund.com
Fund cost calculator- To check the fees that an
investment company is actually charging you
Cic Lite
Compound calculator
Moneychimp.com/calculator/discount_r
ate_calculat
Hightower--R.I.A. = Independent
Registered Investment Advisor
Look for investment advisors whom fiduciary duties
are to the clients and not to the investment
companies.
Business
pg. 48
ENTERTAINMENT
LADY GAGA $227 MILLION
BRAD PITT $240 MILLION
KIM KARDASHIAN $150 MILLION
TOM BRADY $131 MILLION
CURTIS JACKSON III $50 MILLION
MATTHEN STAFFORD $50 MILLION
KIM BASINGER $39 MILLION
CRIS BROWN $30 MILLION
---------------------------------------------------------------
---------------------------------------------------------------
A single person from the first list has more
money than all the people on the second list
combined. So why do we not know anything
about the first list and we know so much about
the second?
Source: TheRichest.com
pg. 49
FINAL NOTE
As I mentioned earlier in my book, my purpose
for this book is to pay it forward with the
information that I’ve learned over the years. I
want you to also break free. If this book has
help you in any way, please sign below and pass
it forward to someone else:-
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
____________________
pg. 50
I take full responsibility for all errors in this
book, please let me know if you find any, so I
can make changes in future copies.
A_C_PASCACIO@yahoo.com
Thank You!
pg. 51