The Relationship Between Knowledge and Your Finances

The Relationship Between Knowledge and Your Finances

Grid Economics 101
Why Coal Has No Future-Brian Palmer NRDC

The tax bill that Republicans and Trump passed has put the average worker in a very bad spot.  If you were born into poverty you have a very low chance of getting out of the poverty cycle.  It’s a hard truth but it is also based on the average way people approach their livelihoods.  We get a job and stay as long as we can or until something better comes along.  Most people don’t, or can’t afford to save much if any money.  The majority sure can’t afford to invest any money.  They have none to spare.  This normal work cycle is what the economists base their projections on and those projections will be true for the majority of the populace but they don’t have to be true for you.

The reason I write this blog is to pass on knowledge I have learned over the years.  So much of what I have told you and will tell you in the future is what I learned while working.  No one gave me this knowledge in advance.  I wish someone had.  I wasted so much time.  You are not going to get ahead doing the same thing everyone else does.  You are going to have to put more work into it.  You’re going to have to find another income stream.  I’ll write an article on that next but for now there is another thing you can do to protect yourself.  You can look for knowledge.  The main thing people like big businesses, the rich and republicans depend on is being able to con you into believing what they tell you.

You don’t have to become experts in everything.  That wouldn’t be possible even if you wanted to do it.  But having some basic knowledge can go a long way in protecting you from poor decisions or buying into con jobs.  Let me give you an example.  In the post Automation and Robotics are Coming I mention the issues with the coal industry.  Trump promised coal workers he would bring it back.  Those workers chose to believe it because they wanted it to be true even though they knew it wasn’t.  In regards to our livelihood, this is about as destructive a thing as a person can possibly do.

They may have kidded themselves but if you want people in office who have your best interest at heart you need to be able to tell when you are bing lied to.  I’d like you to take a look at this short video by Brian Palmer which is on the National Resources Defense Council‘s (NRDC) website.  It gives you information about the electrical grid you need to understand why coal power plants are not coming back.  It’s only 2 minutes and 21 seconds long.  That’s all it takes to give you an understanding of how things work regarding the coal issue so that you can make knowledgeable choices.

In less than 2 1/2 minutes you were shown how Scott Pruitt tried to con you and why what he said is just that, a con job.  This is just one example of getting the knowledge you need to make a good decision.  If you want to advance in life you need people in congress who are not tearing you down to give more money to the rich.  You need people who are working to make things better for the average worker.  To get those people in congress who will help you not only do you have to vote but you have to know what you are voting for.  Knowledge is key.  Don’t stop learning just because you are out of school.  It will be detrimental to your livelihood.