What From the Trash Man to the Cash Man Can Teach You About Wealth

Introduction

Many believe that wealth is only for a select few — those fortunate enough to be born into privilege, receive an elite education, or get lucky with a winning lottery ticket. However, what if that belief is exactly what’s preventing you from achieving financial freedom? From the Trash Man to the Cash Man by Myron Golden challenges money assumptions, revealing the power of mindset and approach to breaking free from poverty.

Let’s dive into some eye-opening principles from the book that could change the way you think about money forever.

1. Most People Get It Wrong: The Startling Truth About Financial Independence

Golden begins with a staggering statistic from the Social Security Administration: Out of 100 people who work from age 20 to 65, only 5% achieve financial independence. That means 95% end up either still working, dead broke, or relying on others for support. Earl Nightingale mentioned these statistics in his program and it still amazes me when I read it.

What sets this 5% apart?

According to Golden, it’s not intelligence, hard work, or even luck. It’s financial understanding. The rich don’t simply work harder. They work smarter…