The Wealthy’s Secret: Debt and Taxes Are Your Best Friends

Why Working for Money Will Keep You Broke Forever

When you work for money, you’re lost. Since 1971, all the money in circulation has been debt.

As J.P. Morgan, one of the wealthiest men of his time, famously said: “Gold is money, everything else is debt.”

Knowing this, why work for money if more and more of it is printed every day? Why aim to get out of debt if money itself is debt? It all boils down to one simple phrase: “It’s the economy, stupid!”

Recently, I’ve received a lot of criticism for shifting focus from investments to discussing how the economy works. However, I believe this is the only real way to generate significant wealth.

If you love your job and simply want a diversified portfolio that compounds over 30 years so you can eventually live off it, this might not be the place for you. Still, regardless of your goals, I think these principles will benefit you.

This game is incredibly simple and starts with changing your mindset — learning to see debt and taxes as tools rather than burdens.

Here’s an example I always keep in mind: Suppose I invest $100k at a generous 12% return. By next year, I’ll have $112k. Compounding wealth this way takes a long…