Debt is Your Birthright: How to Overcome it: Financial Freedom, #168
By Joshua King
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About this ebook
You were born into debt, meant to stay in debt, and never to understand debt. The only way to fight back is to learn why debt is so destructive.
Getting out of debt won't be easy, but understanding why you were in debt can help you build your case to free yourself.
As bartering became more difficult, currencies formed to exchange money for items. However, societies needed central governments to protect the sanctity of these currencies.
Governments needed armies to protect these currencies, and generals needed money to feed and house soldiers. Governments then needed to generate tax revenue to pay for armies.
Finally, governments installed markets to allow soldiers and families to spend their income on items while generating tax revenues for the governments.
The moral of the story is that spending was always part of the government's and society's plan to keep pulling tax revenue from you. You never stood a chance. Now it's time to fight back. Good Luck!
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Debt is Your Birthright - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
Debt is Your Birthright
All Right Reserved Military Family Investing | 01 Debt is Your Birthright
02 Debt: The First 5,000 Years
03 Become Middle-Class Plus
04 Don’t Work Hard for Money
05 Education Destroys Creativity
06 Welcome to Stress Freedom
07 Earned Income vs. Passive Income
08 My 7 Principles of Wealth
09 Life is a Math Game
10 Are You Drowning in Debt?
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Also By Joshua King
MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
Debt is Your Birthright
How to Overcome it
01 Debt is Your Birthright
02 Debt: The First 5,000 Years
03 Become Middle-Class Plus
04 Don’t Work Hard for Money
05 Education Destroys Creativity
06 Welcome to Stress Freedom
07 Earned Income vs. Passive Income
08 My 7 Principles of Wealth
09 Life is a Math Game
10 Are You Drowning in Debt?
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All Right Reserved Military Family Investing
01 Debt is Your Birthright
You shouldn’t feel bad about being in debt; however, you shouldn’t be comfortable living in debt either. Debt is a very complex topic with a straightforward premise—debt is about control.
I’m fresh off the book "Debt: The First 5,000 Years," which changed how I view debt. There is nothing new under the sun, and our current debt situation has happened before.
I want to review how debt is always a part of our lives and how we can overcome it to find ourselves truly. Let’s begin.
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The origins of debt. Debt has always existed, even before physical currencies. People would lend three goats and ask for four goats in return.
There has always been some form of interest-bearing loans that would make one person the lender and another the borrower.
As bartering became more difficult, currencies formed to exchange money for items. However, societies needed central governments to protect the sanctity of these currencies.
Governments needed armies to protect these currencies, and generals needed money to feed and house soldiers. Governments then needed to generate tax revenue to pay for armies.
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Finally, governments installed markets to allow soldiers and families to spend their income on items while generating tax revenues for the governments.
Looking at debt today. Today, you can see the same trends. The number one expense of the US government is military spending.
We have shopping malls, online shops, cafes, gyms, ice cream parlors, doctors, hospitals, etc., generating tax revenues.
Everything costs money, and the middle class rapidly discovers that working hard for money is not paying off in the long run.
This has always been the case. People used to exchange their wives and children to pay down debts. These family members would become debt peons for other families.
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