Stupidity is voluntary.
Posted on 04/04/2005 10:46:18 AM PDT by ex-Texan
The average American in the year 2005 lives a fragile existence, in a struggle for survival that can be ended by missing a few paychecks. The carrot at the end of the stick which was formerly known as "the American dream" has been replaced by a whip that can best be described as the "American nightmare" * * * You no longer work to achieve a better life for yourselves and your children. You work to keep a roof over your head, and you pray that you don't lose it. You became a slave when fear replaced incentive as your motivation to work, but I still suggest that you work while you can, because if the company you work for can't send your job overseas, the U.S. government is allowing 2000 people per day to enter this country illegally, because they're willing to do your job for less.
It doesn't matter if you're a "white collar" or "blue collar" employee. If you're an American, you're too highly paid. There are billions of people who want your job, and your government is doing all they can to see that you lose it to them. You see, we're not really American citizens anymore. We are viewed by the government as "consumers" and "tax payers." Now we're just anonymous faces in the "global village," because our government has sold our nation to foreigners and international bankers, and the new bankruptcy law has doomed the American citizen to a life of debt slavery.
Government will insist that illegal immigrants are only doing jobs that Americans refuse to do, and you'll probably believe it, because if you're watching the "Mainstream Media" that endorses this nonsense, you probably still have your job.
Illegal immigrants are doing jobs that Americans always did, and every unemployed American I talk to cannot find a job anywhere. And just like the European immigrants that flooded this country before the economic depression of the 1930's, today's illegal immigrants also have no gripe with a government that has allowed them work for high wages in America, and send billions back to their homeland. Nor do they care very much about our constitution, bill of rights, or way of life. They're only here for what they can grab, and our government has welcomed them with open arms, because they're grabbing it from you.
You're already working much longer, and much harder, to achieve a much lower standard of living than the previous generation, and 25 percent of working Americans no longer even get a vacation. The Social Security retirement age has been raised to match the life expectancy of American males, so apparently, you're also expected to work until you're dead. When you do finally get a vacation, they only trip you'll be taking will be in a pine box, and that's only if you're one of the lucky ones. Most of us will only get the state-issued canvas bag that gets tossed into the pit with all the others.
If you don't mind the fact that you'll be working until you're dead, you might also want to consider the fact that you'll get nothing for your labor, because this nation's economy may be about to crash like a freight train, and when it does, everything you've worked for will vanish. After the depression gets ugly, and your family has made the adjustment from three meals per day to three meals per week, the newspapers will blame your hunger on "the economy," as if it were some magical force that uncontrollably ruined a couple hundred million lives. Nothing could be further from the truth.
Politicians and international bankers can manipulate national economies at will, much in the way the media manipulates your mind, and a decision has been made to impoverish Americans, because global government requires that everyone in the world have an equally low standard of living. Simply put, we're being robbed of all we've worked for, because our government wants us to be poor, hungry, and docile, dependant upon them for our existence, and in fear of them for our lives. The government of the United States is intentionally destroying the economy of the United States, because the politicians and the international bankers they work for have decided that the American way of life, and catering to the demands of the American constitution, is simply too expensive.
Regardless of how wealthy you think you are, you actually have no real money at all. The "federal reserve notes" that are in your wallet, and your bank account, aren't really money, but are actually only paper on a debt that can never be paid, not even by combining all the assets and labor of every American alive today. Any loan-shark with a third grade education will tell you "that paper's no good," and naturally, the foreign investors who allow us to float this debt, have come to the same conclusion.
What is commonly known as the "U.S. dollar," represents a debt that is owed by the U.S. federal government, to the federal reserve bank. The federal reserve bank happens to be the privately owned entity that lent the money that's represented by the paper in your wallet. The federal reserve act signed away everything you own, and the fruit of your labor as collateral on this debt, and as foreign investors are becoming increasingly unwilling to invest the $2 billion per day needed to cover the interest, our creditors will want to collect it.
I can personally attest that it is.
Your results may vary.
RE: BUILD WEALTH
Yep, Rich Dad, Poor Dad 101 ... know your real assets and liabilities, and understand what is generating cash flow and what is consuming it ...
A funny thing, the more positive my cash flow has become, the more of those offers I've received. It's almost as if, the less I come to depend on the lenders, the harder they try to break me down. (Good luck boys! ....)
Hmm...maybe all the delinquent owners went belly up. Sort of an economic version of natural selection!
BTTT
Wait a minute! In one post you're extolling the virtues of living below ones means, and in the next, you're the vulture ready to scoop up the foreclosed homes of The Clueless?
I like the way you think, LOL!
I'm the same way. We're going to be a little bit behind the Eight Ball for a while now, as we're starting up another new business, but we certainly wouldn't be doing it if we couldn't meet our monthlies. And we're NOT borrowing to get the business started, because we DO live below our means. :)
Cashflow. It's always cashflow.
RE: But that new construction price is caused by developers being forced to shun the lower half of the housing market due to the high costs of permitting in many localities. Few builders want to touch any single family units under $300,000 even in areas with relatively low housing costs. They were forced out of the "Levittown" model by government medling.
Ding, ding, ding! So true!
There's something in Proverbs about the debtor being a slave to the lender. Appropriate.
Same story here in San Diego now. $550,000 for a typical 30-year-old 1500 square foot house. Salaries haven't gone up, though.
I owe no one anything. I paid off my mortgage, paid cash for my cars and pay off the credit card balance every time I use it. It is really liberating to live within one's means. About twice a week I get a call from a debt consolidation company. Occassionally I've played along until they ask me what my current balance is. When I tell them ZERO they sound like eunuchs at an orgy. They have no idea how to deal with an American who has no debt. One of them asked me how I do it. I told her I never spend more than I earn.
Debt has become a tremendous problem in America today. Dave teaches you how to beat debt and build wealth with a plan that works.
Myth: Debt is a tool and should be used to help create prosperity.
Truth: Debt isn't used by wealthy people nearly as much as we are led to believe.
Debt is dumb. Most normal people are just plain broke because they are in debt up to their eye balls with no hope of help. If you're in debt then you're a slave, in the sense that you do not have the freedom to use your money to help change your family tree. According to a recent USA Today article about debt, 78% of Baby Boomers have mortgage debt, 59% have credit card debt, 56% have car payments.
It takes a lot of will, discipline, courage, and help to slay the debt monster. But it can be done. Imagine how much you could put toward retirement if you just didn't have a stinking car payment? This is how the wealthy build their wealth. Debt is really dumb. Welcome to the real world!
I will disagree with you slightly here, respectfully so, of course.
My fiance and I live in Phoenix, AZ, where we were able to secure a new construction home for about $120k. It is in South Phoenix, and, for all my fellow Arizonans out there, they know it's not the best part of town. But it's promising, and now we're looking at it's appraised value hitting $200k this year.
Here, the way the market is right now, people looking for your version of a starter home are outbid at least $10k higher than the starting price by investors who pay cash. The only option for most people is new construction because the builders don't allow investors to purchase new construction.
If you look for reasons to fail, you'll find them. Think about it.
This thread is right up my alley, because I hate debt. My wife and I owe $0 in credit cards. We have $0 in car payments. We bought a house in a rural corner of our state, with a slightly longer commute, but easy to manage housing costs and beautiful quality of life. We have a 20 yr mortgage that we pay off as if it were a 10 year. We have never borrowed against the house. And yet we don't feel like we have to do without much at all. We save and invest like crazy, too, in a combination of funds, 401Ks, money market accounts, etc. It isn't really that tough. You never know how long the corporate gravy train will last, so sock it away while you can.
It is amazing what sheep herders knew 3,000 years ago!!!
BUSINESS MANAGEMENT PRINCIPLES FROM AN ANCIENT SOURCE
"The more you have, the more you spend, right up to the limits of your income...."
"Savings are put into risky investments that turn sour, and soon there is nothing left to pass on to one's son. The man who speculates is soon back to where he began - with nothing."
"Wealth from gambling quickly disappears; wealth from hard work grows."
"It is poor judgment to countersign another's note; to become responsible for his debts."
"The intelligent man is always open to new ideas. In fact, he looks for them."
"Steady plodding brings prosperity; hasty speculation brings poverty."
"Any enterprise is built by wise planning, becomes strong through common sense, and profits wonderfully by keeping abreast of the facts."
"You are a poor specimen if you can't stand the pressure of adversity."
"Develop your business first before building your house."
"A little extra sleep, a little more slumber, a little folding of the hands to rest means that poverty will break in upon you suddenly like a robber, and violently like a bandit."
"If you wait for perfect conditions, you will never get anything done."
"Crooks are jealous of each other's loot, while good men long to help each other."
"It is possible to give away; and become richer! It is also possible to hold on too tightly and lose everything. Yes, the generous man shall be rich. By watering others, he waters himself."
"Plans go wrong with too few counselors; many counselors bring success."
> DEBT IS DUMB!! Live on less than you make....
You are absolutely right - one doesn't have to be a rocket scientist.
NOW that said: Come'n down to your XYZ dealership and buy
the SUV you ALWAYS WANTED !!
:o)
Stupidity is voluntary.
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