The trap includes trading time for money. A trap that makes people work 8 hours a day in order to get paid only for that 8 hours you worked.
This trap is all about people working hard for 40 to 45 years of their life before they are able to retire.
The Money Trap also includes bad debts ruining your life.
So, generally, there are two kinds of debt: Good debts &amp; Bad debts
Good debts are mostly taken for business/investment purposes.
Bad debts are usually taken for buying cars, phones, clothes, etc.
Get Rich Quick Scheme is one of the worst traps when it comes to money. 
Life might take you to a vulnerable position that drew you closer to such schemes or a guru telling you, you can get rich if you just bought that course.
It's not important if you're earning more than six figures a year then you might not fall into this trap. Lack of Knowledge can lead you to nothing left by the end of the year.
Money is owed to those who own value in order to generate it, in your 9-5 job also the value you provide during this time is the amount you get paid for.
So, in order to not fall into these traps, identify the relationship with your money, learn the proper knowledge regarding passive income, investing, management of money, etc.
If you found this article useful:
<ul>
<li>Follow ME</li>
<li>Like it,</li>
<li>BOOKMARK IT.</li>
</ul>
Quote of the day ~ Become a ghost. Forget attention. Just grow in private.
fin

The **trap** includes *trading time for money*. A trap that makes people work 8 hours a day in order to get paid only for that 8 hours you worked.

This trap is all about people working hard for 40 to 45 years of their life before they are able to retire.

The Money Trap also includes bad debts ruining your life.

So, generally, there are two kinds of debt: **Good debts & Bad debts**


**Good debts** are mostly taken for business/investment purposes.

**Bad debts ** are usually taken for buying cars, phones, clothes, etc.

**Get Rich Quick Scheme** is one of the worst traps when it comes to money. 
Life might take you to a vulnerable position that drew you closer to such schemes or a guru telling you, you can get rich if you just bought that course.

It's not important if you're earning more than six figures a year then you might not fall into this trap. Lack of Knowledge can lead you to nothing left by the end of the year.

Money is owed to those who own value in order to generate it, in your 9-5 job also the value you provide during this time is the amount you get paid for.

**So, in order to not fall into these traps, identify the relationship with your money, learn the proper knowledge regarding passive income, investing, management of money, etc.**

If you found this article useful:

- Follow ME
- Like it,
- BOOKMARK IT.

Quote of the day ~  Become a ghost. Forget attention. Just grow in private.

**fin**

