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RE: Why authority is an illusion
Think about it ; consider a financial planner or money adviser . . .
Would these people actually be giving advice on how to get others rich if they knew it themselves ? ? ?
Human nature says they would be keeping their opinions firmly to themselves and drifting around the Caribbean on their own personal yachts.
It is almost like some sort of Court ordered community service or something . . .
You will go forth and spend X amount of time helping others invest their hard earned money. Why would a financial adviser help others (even for a small fee) make money, truly these people must all be independently retired at the age of 30 . . .
Yes they would, since earning money requires more than just knowing how, but access to capital and labour (effort including attention etc.). Doesn't matter how much you know if you don't have those things, so while you manage your own money with your limited capital available, you can solicit out your knowledge and attention to help others increase their own capital, in exchange for a cut of that increase.
I think I get what you mean, and yes, you're right. Most people that try to tell you how to get rich are in actual fact getting rich from the people that buy their crap :)
I think these financial planners are like door to door salespeople, there boss tells em what to peddle and they do it. Not sure if these people actually balance their own cheque books in Real Life . . .
Hmm, because financial advise is not about how to make you rich, but how to get the best out of your money? i.e. how to avoid paying tax (tax avoidance =/= tax evasion), choosing best mortgage option etc