The BIGGEST LIES You've Been Told About Money That Keep You Poor

What have you been taught about money? More importantly, who has been the provider of your financial education? We’ve all been sold a story about money. It starts young, in school, when we’re taught to work hard, save diligently, and trust the financial system to take care of us. But what if I told you that much of what we’ve been taught is a lie? These lies aren’t just harmless myths—they’re part of a system designed to keep us living paycheck to paycheck, paying interest to other people, and never truly breaking free.

Let’s peel back the layers of this system, starting with its origins in 1913 and, more importantly, discover the one simple change you can make to take back control of your financial future.

The 1913 Turning Point: The Federal Reserve and the IRS

In 1913, two monumental institutions were created: the Federal Reserve and the Internal Revenue Service (IRS). While these entities were sold as solutions to stabilize the economy and fund public services, their true legacy has been to trap individuals in a cycle of dependency.

The Federal Reserve, a privately owned central banking system, controls the money supply. By manipulating interest rates and printing money at will, it devalues the dollar over time, creating inflation. Meanwhile, the IRS ensures that a portion of every dollar you earn is siphoned off before it even reaches your hands. Together, these two systems make it nearly impossible for the average person to build wealth.

If you have a family and kids like us, you have seen the cost of inflation over the past few years. Think about how much it costs to go to the grocery store, much less take your family out for a meal. Inflation eats away at your purchasing power, meaning the money you save today will buy less tomorrow. Taxes take another chunk, leaving you with even less to work with. On top of that, we’re conditioned to borrow money for major purchases—homes, cars, and education—leaving us paying interest to banks and lenders for decades.

And every time the financial system breaks, what happens? The government steps in with a solution—one that always benefits the system more than it helps you.

The Fox Guarding the Chicken Coop

Think about it. Every time there’s a financial crisis, the government or the financial system swoops in with a “solution.” Whether it’s bailing out banks, printing more money, or introducing new programs to “stimulate the economy,” these fixes almost always create more problems for the average person.

For example:

• 2008 Financial Crisis: Who got bailed out? Big banks. And who paid the price? Everyday Americans, through job losses, foreclosures, and years of stagnant wages.
• COVID-19 Pandemic: Stimulus checks were handed out, but inflation skyrocketed, eroding the value of those payments and everything else we earn.

These solutions are akin to letting the fox guard the chicken coop. It’s ridiculous. The very entities that created the problems are the ones offering the solutions, and their primary goal isn’t to help you—it’s to protect the system.

It’s absurd when you think about it. Why would we trust the same system that profits from our debt, controls the value of our money, and taxes us at every turn to suddenly act in our best interest? The truth is, they’re not going to save us. We have to save ourselves. Read that again. 

The Lies You’ve Been Told About Money

The financial system perpetuates these lies to keep you in the cycle:

1. "Debt is normal and necessary."
   We’re told it’s okay to finance everything—from a car to a vacation—because debt is just part of life. But every dollar you pay in interest is a dollar stolen from your future and from your kids and grandkids.
2. "Save your money in a bank for safety."
   Banks offer you tiny interest rates that can’t keep up with inflation. Meanwhile, they lend your deposits at much higher rates, profiting from your money while you lose purchasing power. Watch our training video to learn the absurd amount banks make annually off every dollar you’ve deposited.
3. "Investing in the stock market is the only way to grow wealth."
   Wall Street convinces us to park our money in volatile markets, taking on all the risk while financial institutions collect fees, no matter how the market performs.
4. "Taxes are unavoidable and fixed."
   While taxes are a reality, there are legal ways to minimize them—but most people are never taught these strategies.

These lies are designed to keep you in a cycle of earning, spending, borrowing, and paying taxes and interest—ensuring the system, not you, thrives.

The Simple Change That Breaks the Cycle

Here’s the good news: breaking free doesn’t require drastic changes to your lifestyle or taking on more risk. For the risk averse and your spouses that are risk adverse there is not a more stable solution that we have found. It’s so simple it’s silly. It comes down to making one simple change: pay yourself first and change where you store that money.

Most people save what’s left after expenses—a strategy that rarely works. Instead, set aside a percentage of your income as soon as you get paid, 10% or more. But here’s the key: don’t leave that money sitting in a traditional savings account where it earns next to nothing and loses value to inflation.

Instead, store it in a specially designed “cash rich” whole life insurance policy. This isn’t the kind of policy your parents bought to cover funeral costs—it’s engineered to build cash value you can access at any time, for any reason, while continuing to grow. These policies are issued by mutual insurance companies that pay dividends and offer guaranteed growth, free from the volatility of the stock market.

Creating a Guaranteed Legacy

By making this one change, you’re not just securing your financial freedom—you’re creating a legacy. The death benefit from your policy ensures that your loved ones will be taken care of, no matter what happens. And by teaching these principles to your children, you’re empowering them to break free from the lies of the system as well.

The system was designed to keep you trapped, but you don’t have to stay in it. The choice is yours: keep living paycheck to paycheck, or take back control by changing how you think about and use your money. As Einstein said, “You have to understand the rules of the game and then play better than anyone else.” Until today, you weren’t taught the rules but now you know what to do.

The first step is simple: pay yourself first and store your money in a system that works for you, not against you. Make the change today, and start building the financial freedom and legacy you and your family deserve. Reach out and schedule a strategy session with one of our Money Mentors and start your path to financial freedom.