Most people blame low income for financial struggles, but the real problem is the leaking bucket: interest payments on financed cars, homes, and education that never come back. The Rockefeller family got rich by recapturing that interest instead of losing it to banks.
Since we now know what a bank is and how banks work, we need to discuss the real problem here, the leaking bucket. Most people actually believe that their biggest problem is the amount of income that they're making, when in reality it's not. It's how much capital leaks out of their system over time. If you think about every major decision that you've made and every major purchase financially, that could be cars, homes, investing in businesses, starting a business, education. It all involves financing, and that financing means interest. Interest, because you don't have one without the other. Now the key question here, where does that interest go? Because for most of us, chances are it's probably not coming back to us. In the Vanderbilts, they spent their principal, but the Rockefellers actually recaptured the interest. Want to learn more? Just visit watchibc.com. That's watchibc.com.
