Mainstream financial education teaches scarcity and decline instead of building lasting wealth. The ultra-wealthy treat money as a multi-generational business, while most people are taught to spend down what they have. The real gap is understanding how the system works so you're not forced to hand control to advisors.
I am angry. I'm very livid at the financial education that's out there because I think that it really teaches powerlessness. It does teach like, oh, this is really complicated. You know, you want to turn it over to us, you want to give us control. And that lack of control then I think gets them into, again, a scarcity mindset of this middle-class mindset where I'm going to build my wealth, I'm going to draw down against it, and then whatever's left over, I'm just going to throw a few coins at my kids. That's not how the ultra-wealthy think. They think the foundational thing is, was they've built this wealth. They think this is a legacy business that I want to live for generations. That's a huge mindset shift. So education only, because I think the gap where people get stuck and they end up turning things over to investment advisors is because they don't know where they can get educated to understand what's the playing field, who are the players, and how do I play to win.
