Save, do not spend, but invest, in properties that are depreciating like cars, or invest in banks, insurance companies or energy companies or car manufacturers who will claim bankruptcy and have the Government bail them out using your tax dollars. Save! That’s the Mantra! Save and you shall become rich. Spend and you shall become poor. And it took a decline in the stock market, a plunge in the Dollar value and a chars in Europestock market to realize this. Further, it took the stupid channel on cable having an intelligent looking pretty face read of the teleprompter read out “..now we have an expert in Econocomic who is an author of : Another wise crack quoting flawed statistics to create fear for personal monetary benefits”
So what does these experts and so-called financial and economic Gurus say to the common man? Do not spend, save. Do not buy your fancy phones, cars, and luxuries of life that you so desire having worked your life off and pay a good chunk of it to the government. But do put the remaining pennies you bring home into a jar and “invest” it in companies that will either pay you minimal dividends over time or win your trust to invest more over a short period of time and finally declare bankruptcy once they have got all that they can make off you. Oh yes, do not worry, your tax dollars will bail them out should they fail and keep them afloat to ensure that they continue taking your money.
Show me a man who became rich by saving and I will show you a few hundreds to one who became rich by earning more. Saving will help you not get poor, but earning more is the only way to become rich. Simple and common logic points to this basic fact. Ensure that your “needs” are fulfilled and put aside some if you have for a rainy day before you go get your “wants”.
The true fact is that the experts were wrong and continue to be wrong. Economy will not collapse, invest in real estate, build and they will come, people will buy anything that is cheap, invest in technology, invest in energy, and so on and so forth are all advice that never stuck. The experts who quoted them now sing a different song.
The common man pays. Pays for the governments blunders, pays as an investor, pays to take his own money out of a bank, pays his taxes, pays for his living, his needs, his wants, his familys’ needs and their wants and pays for his death. The people who find ways to take the common man’s money are those who make money. And amongst them who finds a way to take more money from the common man in exchange for something he needs, wants or places a higher value becomes rich. And those who do this frequently become richer. Trade: at its basic best.
We are forced to pay more of our hard earned money for many basic things that we shouldn’t. Health care, water, electricity, roadways and insurance are some that our tax dollars should cover. Yet we are forced and/or convinced to pay for such basic and rightful needs of ours by age old philosophies, systems and concepts that are backed up by statistics that are produced by vested interests of the companies that service these industries. Spend! Not save! Yet the so called experts harp away the magic mantra of “Save”! Really genius? You have a platform today to dish out your cheap good for nothing advice because you are getting “paid” to say this and by creating some sort of fear and diversion from the reality where you make more money for fear mongering. When is the last time you saved? And if you did, what has it done to your wealth?
The facts remain to be facts. Not much that diverts from basic common sensibilities and logic.
- Strive always to make more money. Earn more, innovate, think of ways to make more money by exchanging goods and services that others see value in.
- Yes, do spend. But spend wisely. But your needs and your wants as and when you can afford it.
- Save for a rainy day. Put some money aside just in case of emergency.
- Enjoy life. Be happy and realize that many of these things can be sweeter with more money.
- You live once, so do not live in constant fear and do not be foolish to pay high monetary value on momentary pleasures.
- If you have excess, help others and the needy who cannot fend for themselves.
- Invest only on secure ventures that ensure good returns. And you are willing to take chances, do not crib or cry when they fail you.
- Make money and then spend it. Not the other way around.
- Buying in credit with interest is nothing but fulfilling your wants by paying out of a possible income in your future for the product and paying more to the middle man in interest for allowing you to do so.
- Remember that you can buy for $100 more today than what you can get for the same $100 a year later.
- Learn to differentiate between depreciating assets and appreciating assets and put your money in the right kind.
Rather live a poor man with expensive experiences than be the richest man in the grave having lived a life of no pleasures.
Many experts have been very wrong. Many experts fail in their concepts. And ideas that seem to be true are dependent to that specific time, conditions, circumstances and period (which isn’t long). It never works if any of these parameters change. Ideas, concepts, theories and philosophies need to progressively evolve. Sadly they seldom do. New changing conditions do not adhere to age old paradigms. And economics is one constant proof of that. The economic super powers of yesterday are the rapidly dwindling debt holes of today. And those who were brandished as the poor nations and a country laden with street beggars are the economic stalwarts of today.
This comical madness of econophobia shall continue as long as we feed them with our money. First make yourself rich by earning more. Then perhaps invest with great caution and for decent returns gradually. Greed will get you. Greed will make the other man richer with your money. If you are greedy that is a great thing. It makes many people become rich and gives you a “chance” to become rich as well. But the “chance” is yours and only yours. For the gains for others are a sure fact.
Earn! Earn more!
Spend and rejoice of the money you earn.
Spend for good returns, or on things you place value in and not on those that give you nothing in return
Save just enough for your future (the future when you will not want to earn and live a retired life).
Save for emergency expenses.
Invest in yourself first! Invest in your happiness, life, and quality of life.
Invest in other ventures only on secure and substantial returns.
Gamble! A little risk is good. Simply because the returns are very good!
But do not blame a system or others for your greed!
Do not hate the successful and the wealthy, instead work towards becoming one of them or choose and work towards a comfortable economic state you are happy with.
Lastly, have some realistic expectations. You are not entitled for anything unless you work for it. NOTHING comes for free or easy. Ask your self what have you done or doing to get what you want.
Here are some select quotes:
If all the economists were laid end to end, they’d never reach a conclusion. ~George Bernard Shaw
A happy life is one spent in learning, earning, and yearning.
Every day I get up and look through the Forbes list of the richest people inAmerica. If I’m not there, I go to work. ~Robert Orben
Education is not solely about earning a great living. It means living a great life.
Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair. ~Sam Ewing
A bank is a place that will lend you money if you can prove that you don’t need it. ~Bob Hope
Business is the art of extracting money from another man’s pocket without resorting to violence. ~Max Amsterdam
When it is a question of money, everybody is of the same religion. ~Voltaire
Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the “gotta have it” scale. ~Zig Ziglar
Economists are coming to acknowledge that measures of national wealth and poverty in terms strictly of average income tell you little that is significant of the health or viability of a society.
Rowan D. Williams
Economists report that a college education adds many thousands of dollars to a man’s lifetime income – which he then spends sending his son to college.
Economic Disparity Complex:
However, we are collectively witnessing a growing sense of self entitlement by the have-nots and a general sense of anger at those who have. As opposed to taking charge and responsibility of their own state of economic conditions, and taking steps to earn more and develop towards becoming successful, many choose to blame those at the opposite end of the spectrum for their lack of initiative or the system. Strangely, those who are considered to be wealthy in USA the now notorious 1% consist of many who crossed the width of economic disparity by making choices and working hard towards building their wealth. They chose to innovate, invent, take risk, work harder, and take advantage of those who spent their hard-earned dollars in exchange for their offerings. For example: It is largely the middle class and to a great extent the lower earning members of the economic ladder who seem to spend their hard-earned dollars on fancy phones and gadgets that are developed and sold by those who become wealthy. The strange and ironic fact is that the remainder of this 99% choose to spend their time to use the same cell phones and online social media to organize protests against those who became wealthy by selling these very tools.
Once again, out comes the “experts” with the statistics and advice on the 1% of the evil “wealthy”. The wealthy own majority of the shares in big companies, they earn more than the 99%, they live in bigger houses etc. Yeah? What are they supposed to do with the wealth they earn? Not invest in business they choose? Dont buy things they like? What about the philanthropic contributions they make? If they have earned it they can choose to spend as they wish. Like wise, those who are at the lower end of the economic ladder have all they need and the freedom to make real choices and actions to become wealthy. They can “get rich or die trying” – right Curtis? If only these half-baked statistics from these so-called “experts” were unbiased and gave the point of view for both sides. Then the number will perhaps indicate towards what the 99% should and could do to cross the economic disparity.
Being wealthy isn’t a crime neither is being self-sufficient and happy where you stand. The “American Dream” isn’t just being a millionaire or wealthy. For many it is owning a house, raising good and balanced children, sharing good and happy memories, a cozy family dinner at Thanksgiving or owning a sports car close to their retirement. And for those who want to do all this and more, there is nothing stopping you from working harder, smarter, taking risks, being innovative, and making more money. The difference is in your attitude, approach, will and choices.
For every person who says they do not have enough money to put themselves through school, there are several who work two jobs and put themselves through school.
For every person who blames the tax system and the amount they pay in taxes, there are several who take advantage of the welfare provided and several more who pay the taxes and still achieve their dreams and ambitions.
For every person who spends time blaming the system and the “wealthy: there are several who work hard and find ways to become wealthy.
For every person who resorts to borrowing money or living on credit there are several who strive hard to earn that money and live within their means.
There is no use of fear mongering and marketing what I call “Econophobia” by the media and the silly statistics put forward by the experts. They are no reliable than the weathermans’ predictions. If the past statistics have proved anything, it is totally unreliable and will change faster than you expect it to change. Your success and economic condition lies in your will, ability and desires. There is no one that can be blamed for your failures but yourself. Stand up and make the changes you need to become successful!