Credit and Debt

Posted by on Jan 4, 2016 in Uncategorized | 0 comments

“Rocket Science” Money Tips for 2016

3 CERTAIN ways to go from DEBT to WEALTH

 GoldBag300 1)   EARN before you spend

2)   Spend LESS than earned

3)   Accumulate savings

 

Why the emphasis on EARN?

http://quoteinvestigator.com/2014/06/06/world-owes/

“No, my son, the world does not owe you a living. The world does not need you, just yet; you need the world…

But don’t fall into the common error of supposing that the world owes you a living. It doesn’t owe you anything of the kind. The world isn’t responsible for your being. It didn’t send for you; it never asked you to come here, and in no sense is it obliged to support you now that you are here…

When you hear a man say that the world owes him a living, and he is going to have it, make up your mind that he is just making himself a good excuse for stealing a living. The world doesn’t owe any men anything son. It will give you anything you earn…”

Perhaps it is in someone’s interest to have us blame someone or something else for our condition?

Perhaps if someone else is responsible then we develop an unhealthy dependency on that someone or something?

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=dependency

de·pend·en·cy

dəˈpendənsē/

noun

1. a dependent or subordinate thing, especially a country or province controlled by another.

2. dependence.

“the country’s dependency on the oil industry”

synonyms: dependence on, reliance on; More

 

This idea that someone or something else is responsible for what we are, what we do and what we accomplish has been used as a control mechanism – for a LONG time.

Of course if we earn our income before spending it and we spend less than we earn, then we will have a surplus of money. Is this not a much better idea than being broke?

3 CERTAIN ways to go broke

1)   SPEND before you earn

2)   Spend MORE than earned

3)   Accumulate debt

 Credit Cards

 

Did you ever hear from anyone the idea that you absolutely MUST HAVE GOOD CREDIT?

Did you ever ask why?

Were you given any other answer than – “So you can borrow money of course!”

Borrowing in order to have credit results in an obligation to pay.

This is also called DEBT.

 

Credit Trap

Turn on your TV, pick up a magazine, turn on the radio, surf the net, what do you see?

Credit Card ad

Is it possible that we are constantly conditioned (or brainwashed) into accumulating debt rather than savings?

Does our government set a good example or insist that we educate our children in the BASICS OF MONEY AND FINANCE?

How effective are our elected officials at applying sane financial basics?

 

Debt Graph

 

Perhaps some ethics deficient individuals rely on the “rest of us” believing that money and finance are way too complex for anyone other than themselves to understand?

 

Loan Shark1

Want to break free from the debt trap and achieve Financial Freedom?

Maybe it would be a good idea to start by learning the basics of money and finance.

These are the exact same basics that the “very best” economic minds apparently either do not understand or understand too well.

Yes it IS A GAME.

Perhaps more of us need to understand the rules?

3 bags for Jan 2015 FB ad

Leave a Reply

Your email address will not be published. Required fields are marked *

Join the Competence Club

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!