This guy i know manages a food joint in town. The other day he mentioned how he'd just finished paying off his school debt. He looked 38, but I was more interested in the rate he'd been paying for 10+ years. How much did the bank get off with? But, he didn’t have a clue, go figure. Like a monthly mortgage payment, a person can get used to anything, without any qualms about it. Especially if it means impressing the people we don't care about with the things we can't afford. Don't get me wrong, you don't have to buy your house in cash. Some would even consider a mortgage "good debt," but how can you not be living above your means if you only have to put 20% down on the purchase? Can this 20% thing work with a candy bar too because I only have a quarter in my pocket?
To afford the property, most assume mortgages. After a 20% down payment, you take out a $200,000 loan &after 15 years of monthly payments at 4.5% interest rate, a person ends up paying $75,397 in interest. How much @Givenchy could that have bought you? Or stocks of @Tesla? Wherever you find investment, that money is better spent in your pocket. The lender's gotta make money too, Bernie! &fun fact, reason interest rates on school loans are higher than mortgage rates is because the bank cannot repossess a degree, Mr. Sanders. With no collateral, you are a risky investment. Anyway, I don't know anyone who would go into a relationship knowing the person on the other end is only 20% in, but somehow, it's the bank's fault. Spare me.
rich dad, poor dad by robert t. kiyosaki (pdf online)
tells a tale in economics about 2 different mind sets about money. let’s focus on “rich” dad since there are clearly enough “poor” dads in a country $19T in debt.
“for millions of ppl, they feel the fear of not having money. instead of confronting the fear, they react instead of think. they get a few bucks” &relive the “emotion of joy &desire &greed, &again they react instead of think. money is in control of their emotions &hence their souls” (no page numbers on a pdf)
“avoid this trap,” the author says more than once. “trap caused by 2 emotions: fear &desire”
this guy is all about the mind.. talks of not giving into your emotions bc that delays thinking.. &how the start of ignorance is when ppl use these emotions against themselves.. he’s big on choosing our thoughts.
most people only have 1 problem in mind, the bills at the end of the month. “money now runs their lives. or should I say the fear &the ignorance about $?”
“I live in fear every day that I won’t have a job tomorrow” #ratrace
overcome the fear of losing money –when market drops, its a perfect time to buy more shares! stock on sale! stock up.. it’s time in the market, not market timing!!
“worker works hard enough to not be fired, &owners pay just enough so that workers won’t quit” (a j.o.b. is short for “just over broke”) where is this daily activity taking you?
rich dad’s talking about the corporate ladder & how people work their way up it. he goes: “why not own the ladder?” boy responds inside his head, “my youth would not let me envision the possibility”
teaches boy not to work for money, but to have $ work for him.
look at BIG PICTURE, not carrot (suede ysl boots) dangling in your face
have more assets than liabilities (things making you $ versus taking your money)
income > expense; assets >income
in regards to taxes…
“no matter what the “take from the rich” crowd came up with, the rich always found a way to outsmart them. that is how taxes were eventually levied on the middle class. the rich outsmarted the intellectuals, solely because they understood the power of money, a subject not taught in schools.”
“he knew the law bc it was expensive not to know the law”
bc the rich “mind their own business” they look for ways to save on taxes (“1031”)
the rich pay less in taxes bc they capitalize on tax exempt investments (like 401k; contribute! this is "Free" money from your employer).
my Professor put this quote in his PowerPoint presentation: when learning how to walk, the baby doesn’t say, after falling 50x, “I’m not meant for this”
not failure, not low aim is crime –james Russell Lowell
reminder: keep up with joneses &you’ll be broke.. www.whyyourepoor.com
it’s weird that kim kardashian naked is normal in our society........................?! another day, another dollar, another nude. have you nothing to discuss, kimberly? have you no value to add yet MSM? (there were 2 debates this weekend). has my 16 year old sis seen the pic yet?
why can’t we get over selling sex? if we’re SO progressive, shouldn’t we be able to “sell” the product in a more innovative, less elementary way? it’s 2016 already. call me crazy, but we’re taking the easy way. we can do better than sell each other. that’s illegal.
plus, you’re married &other people are too. seeing you naked is not normal. it’s sacred. &pretending a supernatural thing is natural is dangerous.
but, kim k is our “Frankenstein”, like Trump; bought &paid for by us. She supplies the demand (economics rules the world). &I’m not dissing kim; in fact, I keep up. I think we’re in a codependent relationship. like a dog returning to his vomit, I’m sorry to have made you.
“all things are wearisome, more than one can say. the eye never has enough of seeing” (scroll, baby, scroll through the whole internet)
you know the episode of HIMYM when the gang misses the superbowl &can’t watch the recording until the next day after work? well, they spend the whole episode shielding themselves of the score. at one point, ted’s wearing this homemade contraption over his eyes &ears to pick up take-out food. (“be careful little ears what you hear”) his only guide, two holes punched helping him to maintain his focus as he struggles naturally, of course.
‘tis #life, no? get your goggles on.
if you don’t look does it go away? which came first, the supply or the demand?
i am no bird; &no net ensnares me. -charlotte bronte
"never give in, never give in, never, never, never, never -in nothing, great or small, large or petty -never give in except to convictions of honor &good sense." -w. churchill. 10/28/41
the man who does not read has no advantage over the man who cannot read. m.t
i am not afraid of storms, for i am learning how to sail my ship. -louisa may alcott
nothing in this world can take the place of persistence. talent will not: nothing is more common than unsuccessful men with talent. genius will not; unrewarded genius is almost a proverb. education will not: the world is full of educated derelicts. persistence &determination alone are omnipotent.
i am not an extraordinary man, &i am quite ordinary. but God chose me for something quite extraordinary. -a. valladares receives '16 canterbury medal.
not failure, but low aim, is crime -james russell lowell
a genuine leader is not a searcher for consensus but a molder of consensus -mlk jr.
i don't lose any sleep at night over the potential for failure. i cannot even spell the word. -"mad dog mattis"
soft minded men always fear change -mlk jr.
it is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. the credit belongs to the man who is actually in the arena, whose face is marred by dust &sweat &blood; who strives valiantly; who errs, who comes short again &again because there is no effort without error &shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worth cause; who at the best knows in the end the trump of high achievement, &who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold &timid souls who neither know victory nor defeat. -theodore roosevelt
be kind, but be fierce.-churchill
i cannot pretend to feel impartial.. -winston c.
"oh, shut up silly woman," said the reptile with a grin, "you knew damn well i was a snake before you let me in."
-johnny rivers, the snake
we are what we repeatedly do. excellence, then, is not an act, but a habit. -aristotle
no one can make you feel inferior without your consent. -eleanor roosevelt
i have nothing to offer but blood, toil, tears &sweat. -winston churchill, 1940
i keep my ideals, because in spite of everything i still believe that people are really good at heart. -anne frank
the most courageous act is still to think for yourself. aloud. -coco chanel
always be smarter than the people who hire you. -lena horne
art is the signature of man.
a dead thing can go with the stream, but only a living thing can go against it.
if you do not rise to the head not only of your profession, but of your country, it will be owing to your own laziness, slovenliness &obstinacy.
-john adams to his son, john quincy adams 4/23/1794
opportunities are usually disguised as hard work, so most people don't recognize them. -ann landers