Eben Pagan said he was releasing a Self Made Wealth video everyday and even though it is the weekend, he has published the Second Dirty Secret Of Money.
Basically money loses itself, it has a whole in its own bucket.
It's called inflation.
$100 today is not worth $100 in a year's time because prices increase over time and less can be bought.
The aim is to use your money to buy wealth generating or income generating assets.
Eben makes the valid point that you can't win the money game if you don't know the rules everyone is playing with -and how the rules are stacked against the consumer. You just have to look at the big profits of the financial institutions and the huge bonuses people get for moving money around.
You can see this second Self Made Wealth video from Eben Pagan at:
The Second Dirt Secret Of Money Video (not yet available) - see video 1 affiliate link
One point I would take issue with Eben on is his statement that money is not an asset.
Try telling that to someone without money.
Money provides security and freedom. It gives you control over your life.
But I accept that money is not an efficient asset.
Cash in the bank is eroded by inflation and it is rare for the after tax interest to cover the rate of inflation and give you a positive return.
However money is a relatively safe and predictable asset and if you don't think property will increase and more decrease or if you don't think stocks or bonds will increase and may decrease, then money is the asset to hold until conditions change.
Money is passive and neutral, you will lose wealth and purchasing power gradually. Other stores of wealth can give you big gains - or big losses.
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