No matter how much you earn on Steemit or from any other source of income, if you lack basic financial education skills, you will probably not make much progress. It is true that financial education is not thought in schools, but thanks to great authors like Robert Kiyosaki who has explained the concepts of financial education to the level of any beginner. In his book "increasing your financial IQ," he simplified the process of acquiring financial education.

Traditional education teaches us to save money and invest in the stock markets. This teaching is obsolete, and if you still live by those traditional teachings about money, please read on.
Have you ever wonder how banks make a lot of money to build exotic buildings and pay their workers huge salaries? When you understand the answer to these question, then you will understand why bankers don't really care about how much you have in your savings, rather they care about how much you can borrow.

Whenever most of us turn over our hard earned money to bankers - they use it. One of the ways they use it is to loan it out to the rich and big businesses and make huge returns out of it in the form of interests.

Most people with little financial IQ simply turn over their hard earned money to the banks, whereas those with average or high financial IQ already have businesses in which they invest their excesses. They have an adequate financial education to start up businesses of their choice. They work for assets and create multiple streams of income. They don't believe in working for jobs and depending on salaries. They believe in financial freedom and not financial security. 

To increase your financial IQ, I'll recommend you read Robert Kiyosaki's books. Also, join the [Rich Dad's community](www.richdad.com). I am recommending Robert Kiyosaki because he will help you to understand that money, gold, bitcoin, steem, etc. can't make you rich, rather it is what you know about money, gold, bitcoin, steem, etc. that can make you rich. Ultimately, it is your mindset and your level of financial education that will make you rich. That is why I am directing you to the Rich dad's community.

If you are still in doubt about how you lose money whenever you save over a period of time, look at the picture below:

![dollar.jpg](https://gateway.ipfs.io/ipfs/QmNh7ng3ZVSvfyZYA3o9CQ8QtHfCWAbyAJvBJvhxcqJzka)
[source](https://www.google.com.ng/search?biw=1366&bih=588&tbm=isch&sa=1&ei=-wTeWqKWOOq56ATK7LPQBw&q=chart+to+show+dollar+against+bitcoin&oq=chart+to+show+dollar+against+bitcoin&gs_l=psy-ab.3...2687872.2702830.0.2703245.26.26.0.0.0.0.359.4822.2-18j1.19.0....0...1c.1.64.psy-ab..7.1.358...0.0.8o3LQpYFOFc#imgrc=FY58PgXJJppL4M:)

You can see how money keeps losing it purchasing power over a period of time.
This simply means that your saved money can no longer buy what it can buy after some years. Money depreciates in value over a long period of time and that is why savers are losers.

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