Why Most People End Up With No Money?

Statisticians tell us that only around 5% of people will retire independently wealth. This means that only 5% of sixty-five-year-olds can support themselves without family assistance. What is it that makes financial independence so difficult to attain? The simple answer is that most people have never been taught how to: earn enough money, keep it and use it effectively during their lifetime.
We receive education that teaches us to read, write and do mathematics. Then we are thrown into the world either to sit in a salaried job or to join the ever growing ranks of the unemployed. We are basically cut loose with no idea of how to be in business. Our formal education does not give us important life skills. Formal education may affect how much you make in a salaried job but it does not affect your chances of real financial independence.
Model the success of people you admire and learn from their mistakes. These people are the ones who have done it all and can give you invaluable advice on how to earn, keep and use money.