Tag: money
Buffett on retirement
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
FOR PEOPLE RIGHT NOW WHEN IT COMES TO SAVING . >> I THINK IT'S THE SAME THING THAT MAKES MOST SENSE FRANKLY ALL OF THE TIME, AND THAT IS TO CONSISTENTLY BUY AN S&P 500 LOW COST INDEX FUND. KEEP BUYING IT THROUGH THICK AND THIN, AND ESPECIALLY THROUGH THIN. BECAUSE THE TEMPTATIONS GET — WHEN YOU SEE BAD HEADLINES IN NEWSPAPERS, MAYBE TO SAY WELL MAYBE I SHOULD SKIP A YEAR OR SOMETHING. JUST KEEP BUYING. AMERICAN BUSINESS IS GOING TO DO FINE OVER TIME. SO YOU KNOW THE INVESTMENT UNIVERSE IS GOING TO DO VERY WELL. THE DOW JONES INDUSTRIAL AVERAGE WENT FROM 66 1,497 IN ONE CENTURY, AND SINCE THAT CENTURY HAS ENDED, IT'S MORE OR LESS DOUBLED AGAIN. AMERICAN BUSINESS IS G. THE TRICK IS NOT TO PICK THE RIGHT COMPANY, IT'S TO BE — BECAUSE MOST PEOPLE AREN'T EQUIPPED TO DO THAT.
AND PLENTY OF TIMES I MAKE MISTAKES. THE TRICK IS TO ESSENTIALLY BUY ALL THE BIG COMPANIES THROUGH THE SFUND AND TO DO IT CONSISTENTLY, AND TO DO IT IN A VERY, VERY LOW COST WAY. BECAUSE COSTS REALLY MATTER. AND INVESTMENTS, IF RETURNS ARE GOING TO BE 7% OR 8% AND YOU ARE PAYING 1% THROUGH FEES, THAT MAKES AN ENORMOUS DIFFERENCE IN HOW MUCH MONEY YOU HAVE ON RETIREMENT. >> AT THE ANNUAL MEETING FOR BERKSHIRE HATHAWAY THIS YEAR, YOU INTRODUCED A SPECIAL GUEST TO THE AUDIENCE OF 40,000 SHAREHOLDERS WHO WERE WATCHING. IT WAS JACK VOGEL. WHY DID YOU WANT TO RECOGNIZE JACK VOGEL? >> I THINK JACK VOGEL HAS DONE MORE FOR AMERICAN INVESTORS THAN ANY OTHER PERSON CONNECTED WITH WALL STREET OR T BECAUSE WITH A NUMBER OF OTHER PEOPLE WE CAME UP WITH THE IDEA, HE WASN'T THE SOLE THINKER BEHIND IT BUT HE WAS THE GUY WHO IMPLEMENTED IT AND CRUSADED FOR NOW TRILLIONS OF DOLLARS IN LOW COST INDEX FUNDS. MOST PEOPLE ARE GOING TO HAVE BETTER LIVES, BETTER RETIREMENTS, THEIR KIDS ARE.
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Personal finance expert Suze Orman’s number one investment right now
Jason 0 Comments Retire Wealthy Retirement Planning
SO THERE YOU SEE SUPPLY AND DEMAND AT WORK WITH INFLATION AT A HISTORIC HIGHS IN THE STOCK MARKET CHOPPY, OUR NEXT GUEST SAYS THE NUMBER ONE INVESTMENT RIGHT NOW IS I-BONDS HERE TO EXPLAIN IS A PERSONAL FINANCE POWER PLAYER AND OUR DEAR FRIEND SUZE ORMAN HOST OF THE WOMEN AND MONEY PODCAST. SHE IS ALSO CO-FOUNDER OF THE EMERGENCY SAVINGS FIRM SECURE SAVE SUZE, IT IS ALWAYS GREAT TO SEE YOU. WELCOME. GOOD TO HAVE YOU BACK WITH US. LET'S TALK ABOUT THE I-BONDS WHICH I DIDN'T EVEN KNOW ABOUT, BUTMY NEPHEW-IN-LAW SAID YOU HAVE TO GET THESE I-BONDS. EXPLAIN TO ME WHAT THEY ARE, HOW THEY WORK, HOW I BUY THEM AND FROM WHOM. >> NOW SO YOU BUY THEM FROM THE TREASURY, DIRECTLY FROM THEM SO YOU GO FROM TREASURYDIRECT.GOV IT IS THE ONLY PLACE THAT YOU CAN BUY THEM, NUMBER ONE THEY RANGE IN PRICE.
YOU CAN INVEST FROM $25 ALL OF THE WAY UP TO A MAXIMUM PER PERSON OF $10,000, ALTHOUGH THERE ARE WAYS TO DO IT WHERE YOU CAN PUT IN UP TO 30,000 IF YOU HAVE A TRUST AND/OR A BUSINESS WHEN YOU INVEST IN AN I-BOND, I STANDS FOR INFLATION, YOU HAVE GOT TO MAKE SURE THAT FOR ONE YEAR YOU DO NOT NEED YOUR MONEY AND THE REASON IS FROM THE TIME YOU PUT IT IN TO ONE YEAR YOU CANNOT TOUCH IT. FROM YEAR TWO TO FIVE THERE IS ONLY A THREE-MONTH INTEREST PENALTY. THAT IS HOW THEY WORK.
THEY ARE ATTACHED TO CPI SO RIGHT NOW WHEN THEY ANNOUNCED IN MAY, THE CPI THE YIELD ON THE SERIES I BONDS WERE GUARANTEED AND ANNUALIZED AND IT'S GUARANTEED TO YOU SO THEY CHANGE EVERY SIX MONTHS THE INTEREST RATE CHANGES EVERY MAY AND NOVEMBER SO FROM MAY UNTIL NOVEMBER EVERYBODY WHO BUYS ONE RIGHT NOW WILL BE GUARANTEED AN ANNUALIZED YIELD OF 9.62% STATE INCOME TAX-FREE OBVIOUSLY YOU'RE ONLY GOING TO GET THAT FOR SIX MONTH, BUT THAT'S STILL 4.81% ON YOUR MONEY. WHEN THEY RESET COME NOVEMBER, LET'S SAY THEY RESET EVEN LOWER. LET'S SAY THEY RESET AT 7.11 WHICH IS WHAT THEY WERE PAYING BEFORE THEY RAISED TO 9.62, YOU ARE GUARANTEED THAT FOR THE NEXT SIX MONTHS ON AN ANNUALIZED YIELD SO THAT'S, LIKE, 3.56%, HALF OF THAT FOR SIX MONTH BECAUSE THAT'S WHAT YOU'RE GUARANTEED SO FOR THE YEAR IT'S 8.37% THAT'S ESSENTIALLY HOW THEY WORK THEY'RE FABULOUS THEIR MATURITIES ARE FOR — GO ON >> I DON'T MEAN TO INTERRUPT YOU, BUT I WANTED TO ASK YOU THOSE NUMBERS THAT YOU JUST — AND I GET IT, YOU EXPLAINED IT PERFECTLY.
THEY RESET EVERY SIX MONTHS AND ARE YOU GUARANTEED UNDER THIS PROGRAM TO MAKE A YIELD IF YOU HOLD THE BONDS THAT IS ABOVE THE THEN-PREVAILING RATE OF INFLATION? >> SO WHAT HAPPENS IS YOU ARE ABSOLUTELY GUARANTEED, AND WHAT'S SO GREAT IS THAT THE ONLY WAY A FINANCE PERSON CAN EVER USE THE WORD GUARANTEE SIDE USUALLY WITH A TREASURY INSTRUMENT BECAUSE IT'S GUARANTEED BY THE AUTHORITY OF THE UNITED STATES GOVERNMENT NO COMMISSIONS OR ANYTHING SO ONCE THEY DECLARE THAT RATE ON MAY 1st AND NOVEMBER 1st YOU ARE GUARANTEED FOR WHENEVER YOU BUY IT BETWEEN THOSE PERIODS, FOR SIX MONTHS YOU ARE GUARANTEE THE RATE THAT THEY DECLARED. AGAIN, THAT'S AN ANNUALIZED YIELD, SO IT'S ONLY REALLY GUARANTEED FOR SIX MONTHS UNTIL THEY RESET YOU KNOW, TYLER, I GAVE A MASTER CLASS ON THIS ON THE WOMEN AND MONEY PODCAST ON THE APRIL 17th EDITION OF IT. EVERYBODY SHOULD LISTEN TO IT BECAUSE IT TELLS YOU ALL THE INs AND OUTs, EVERYTHING YOU NEED TO KNOW THIS IS AN INVESTMENT. I'VE BEEN DOING THESE SINCE 2001 >> THIS DOES MAKE AN AWFUL LOT OF SENSE YOU EXPLAINED IT VERY WELL IN YOUR FIRST ANSWER IN TALKING ABOUT THE 9.6% RATE.
WE UNDERSTAND THAT THAT DOES CLEAR THE LEVEL OF INFLATION, BUT IF INFLATION IS SOMETHING LIKE 8.6%, AREN'T YOU MORE OR LESS JUST PROTECTING THE VALUE OF YOUR MONEY RATHER THAN REALLY GROWING IT EVEN IF INFLATION IS ONLY APERCENT LESS THAN WHAT YOU'RE MAKING. >> COURTNEY, YOU GOT THAT RIGHT, BUT DON'T YOU WANT IN MARKETS LIKE THIS TO HAVE A POSITION OF YOUR MONEY ABSOLUTELY RO TEKTED? WHERE ARE YOUGOING TO GO YOU CAN'T GO TO REGULAR BONDS, BECAUSE BONDS IF YOU ADOPTED IN BOND FUNDS FOR GROWTH, YOU'RE DOWN 10% OR 15%. YOU'RE DOWN SIGNIFICANTLY IN THE STOCK MARKET THERE HAS GOT TO BE A PORTION OF YOUR MONEY, WHATEVER THAT IS THAT YOU WANT PROTECTED, YOU WANT ESSENTIALLY IN CASH AT LEAST WHERE IT'S KEEPING UP WITH INFLATION WHICH IS EXACTLY WHAT THIS WILL DO VERSUS YOU'RE IN A MONEY MARKET ACCOUNT OR A CD OR WHATEVER IT IS AND YOU'RE GETTING 3% WHERE YOU'RE LOSING MONEY.
SO THIS IS A GREAT PLACE TO PUT YOUR — YOU MENTIONED AFTER FIVE YEARS, YOU MENTIONED 27 YEAR IS PUT FOR 30 YEARS >> I SEE, AND YOU CAN REDEEM THEM ANY TIME AFTER THE FIRST YEAR FROM THE YEAR TWO THROUGH FIVE THERE IS A THREE-MONTH INTEREST PENALTY AFTER THE FIFTH YEAR YOU CAN REDEEM ANY — YOU CAN REDEEM ANY TIME. >> WITHOUT ANY PEVNALTIES WHEN S EVER REALLY, ESSENTIALLY. SO YOU'RE IN THERE FOR A YEAR AND YOU REDEEM AFTER THAT, BIG DEAL. >> FINAL QUESTION WHICH COURTNEY TOUCHED ON AND THAT IS THAT THIS IS FOR A PORTION OF YOUR MONEY, IDEALLY MONEY YOU DON'T NEED TO TOUCH. IN SOME WAYS LIKE STOCKS, BUT YOU ACKNOWLEDGE THAT THERE IS WITH THIS KIND OF SAFETY MONEY AN OPPORTUNITY COST WHICH IS TO SAY IT'S NOT GOING TO BE YOUR GROWTH MONEY THE STOCK MARKET MIGHT RETURN YOU OVER THE FIVE YEARS OR THE TEN YEARS YOU HOLD THIS BOND MUCH MORE THAN 8%, 9%, A LITTLE ABOVE INFLATION, RIGHT YOUR GROWTH MONEY IS A DIFFERENT THING.
>> ABSOLUTELY. YOU HAVE GROWTH MONEY. YOU HAVE EMERGENCY SAVINGS ACCOUNT MONEY THAT WOULD NEVER GO INTO SOMETHING LIKE THIS BECAUSE YOU CAN'T AFFORD TO LOCK THAT UP FOR A YEAR, BUT YOU DO HAVE A PORTION OF YOUR MONEY THAT YOU WANT RIGHT NOW SAFE AND SOUTHBOUND BECAUSE EVERYBODY IS SO FREAKED, AND AT THESE INTEREST RATES, IF INFLATION CONTINUES THESE ARE A BIG WINNER BIG, BIG, BIG. >> WHAT'S THE PODCAST AGAIN, GO BACK.
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THE WEALTH OF NATIONS | PART 2 (BY ADAM SMITH)
Jason 0 Comments Retire Wealthy
As promised, here is the second part of The Wealth of Nations, one of the most influential books ever written about economics If you haven't watched the first part yet I'd advise you to do that now, as some of the takeaways here build on those from the previous part Let's continue where we left last time … Takeaway number 6: Accumulation and employment of capital What's the similarity between Michael and a country like the US, China or Sweden? It is that they get wealthy in the same way Allow me to introduce The Swedish Investor's "Stairway to Money" All copyrighted and original content, of course Each different step represents a category that an individual can spend money on To become wealthy a person wants to spend money on the higher steps and not the lower ones At the bottom, we have services meant for consumption These are the worst things that you can spend your money on, as you'll consume them instantly Vacations, dinners and video on demand all belong to this category The next worst thing to direct your money towards is products meant for consumption Products depreciating value from the time of purchase, but at least they're not as bad as services because you will still be able to sell them at a later stage, even though it may only be at a fraction of their original value Cars, clothes and phones belong to this category Then we have products that do not depreciate in value and that often keep their value through inflation Important entries in this category are collectibles and a house to live in And at the top, we have investments This is a very broad category indeed, and anything which is expected to generate more cash in the future than the outlay of money is today, plus a reasonable return, belongs here Therefore – starting a business, educating yourself, investing in the stock market, or renting out properties all belong here It's the same with countries If a country buys services from another country, money flows right out from it without being replaced with something else that is valuable If a country buys products from another country, at least some of the value is still preserved as products can be sold again at a later stage It is similar with a third step in our Stairway to Money A country gets rich by increasing its own productivity by starting businesses there, by educating its people so that their skill and dexterity increases, or by buying productive assets from other countries BUT …
… and this is unimportant but Neither people nor nations should be afraid of having expenses just because of this Both people and nations, if they want to acquire wealth, should focus on what they are naturally good at and then outsource the rest This is what we shall focus on next Takeaway number 7: Globalization – the shortcut to increased wealth Here we have. Michael Lewis, a 32 years old engineer He's working at a job where he's paid a base monthly salary, but he's also compensated for overtime For overtime hours, he nets approximately $30 per hour Given this, here comes a few questions for you: Should michael cook his own food? Should michael clean his own house? And, sorry now i'm getting a bit silly just to prove a point here, should michael build his own phone instead of buying one from apple? From a wealth standpoint the answer is no to all of these questions It makes sense for Michael to do what he is best at, earning money from that and then hire other people to do what they are best at for everything else that he demands Perhaps Michael can cook his own food, but it takes him about an hour to prep a single meal, which means that he does so at a cost of $30, because he could have spent that time working as an engineer Therefore, it doesn't make sense for him to do it as he can just buy a meal outside for $15 Similarly, he can clean his own house, but it takes him 2 hours to do So that's $60 for Michael, while he can hire someone to do it for $40 And as an engineer, he is capable of building his own phone, but it might take him something like 200 hours plus $200 in materials That's a $6,200 phone! Why not just go buy the latest IPhone for $1,000? If it doesn't make sense to do something at 6 times the price it doesn't make sense to do so at 2 times the price, and probably not at 1.5 times the price either It is the same with nations For nations to increase their wealth, they should be focusing on the things that they are really good at, and then hire other nations to do what they are best at For example ..
The US is obviously a leader in many different businesses, but among others, in the fast food and entertainment industry China is incredible at producing most products at very low prices And in Sweden, we are quite good at producing furniture … … sorry, I mean at making everyone else produce furniture for themselves, of course Now, should Sweden try to produce the same products that China can produce much cheaper? No. Should China compete head-to-head with Hollywood? Probably not. Should the US have everyone produce furniture for themselves? Definitely not! All these countries can be more productive, and in that increase their wealth, by simply doing what they are best at, and then trade goods with each other Also, to make another comparison between individuals and countries in their quest for wealth: Both of them will earn more by having rich neighbors or acquaintances People know that if they want to be rich, they should move where other people are rich And probably even more importantly – they should acquire rich friends It's the same with nations A country should want their neighbors and trading partners to be wealthy, because eventually that wealth will spill over to them, too Just look at this map But we've been getting this backwards for centuries now In the 18th century, Great Britain and France, probably the two wealthiest countries in Europe at that time, did everything they could to make business miserable for each other instead of cooperating They even went to war with each other! Today, let's hope that the two most important economies of our time, the US and China, don't make that same mistake Takeaway number 8: Why free trade is superior, and why governments shouldn't interfere As we talked about in the previous video – in a capitalistic society, money will naturally flow where the returns are higher and disappear from where their returns are lower In a society where the government does not interfere, two rules will guide capital – Capital is naturally employed where it can produce the greatest returns This is actually a good thing, because businesses like these are more sustainable than anything else They will employ people where there is demand and a real competitive advantage – Capital is also naturally employed in the home market, as this comes with less risk This is also good, because it creates working opportunities in the own country For these two reasons, it is totally unproductive when governments interfere with the market Just as an imaginary example: Say that we, in Sweden, would do something as silly as setting up a ban on movies created in Hollywood What would happen when such a ban is introduced? Excluding potential retaliation, it will yield higher profits for the film industry in Sweden than what would naturally be the case Therefore, more capital will be incentivized to flow to this industry But this business still isn't competitive on a global scale.
Everywhere else than in Sweden, people will still watch movies from Hollywood! Moreover – the capital in Sweden which goes towards the creation of film is capital that could have been directed towards something where Sweden is competitive on a global scale, like the previously mentioned furniture Generally, politicians must have a small dose of God Complex if they think that they are smarter than the aggregated thinking of the market when it comes to capital allocation decisions in businesses There are two examples when it might be necessary to introduce duties, bans and tariffs though: – For goods that are important for the defense or survival of the country – And when a tax is imposed even on such domestically produced goods You don't want to shift the favor to the foreign goods, at the very least Apart from that, governments should probably stay away from using duties, bans and tariffs on foreign goods They should not incentivize certain industries or disincentivize others, because the market is likely to do this very well on its own, thanks to the before mention two There are a few areas where a government is absolutely necessary for the wealth of a nation though, and that is what we shall cover in the next takeaway Takeaway number 9: What is the purpose of a government? According to Adam Smith, there are some tasks in a society that the market and private people have little or no interest in solving The four that Smith discusses are: – The defense of a country – The justice system – Some type of infrastructure – And basic education The defense of a country is absolutely necessary for its wealth to increase Interestingly enough, a country is more and more likely to be invaded the richer it is Or so it was in the old days at least ..
Consider the raids of Genghis Khan and his Mongolian savages of the much wealthiest cities of China Or how the vikings invaded many much more established societies in Europe The savages actually had the advantage at this time, as they were much more skilled fighters But that all changed with the invention of the firearms Firearms were expensive to make, and no matter how skilled an army of spears and bows were, it couldn't beat one equipped with firearms And so, the odds changed in the favor of the wealthy nations, who could afford these supreme weapons Anyways … A nation must be able to defend itself to sustain its wealth And as this benefits everyone in a society, it does make sense that a government has the responsibility of this task Justice, is similarly an expense that benefits everyone in a society In the old days, justice was often exercised by those in power, but one can easily understand how such a system can be very corrupt It is essential that justice and power are separated.
Otherwise – who should bring justice to those in command? Similarly, a justice system that is based on profits tend to be very corrupt too, so it doesn't lend itself well to the free markets It used to be like this too, everyone that wanted justice had to bring a gift to the judges As you can probably imagine, the person who brought the greatest gift tended to get a little bit more "justice" than everyone else … So to speak. Therefore, the task of bringing justice to its people should be paid for by a government But those that use the justice system often should probably pay extra for that Infrastructure, such as the most important roads and docks used for commerce of a country, is something that benefits everyone too But it doesn't invite the same conflict of interest as the justice system does, and should thereby often be held privately Infrastructure should be financed with revenue from the commerce which can be carried by means of it. Because in this way, money will much more seldom be wasted on infrastructure projects Some infrastructure projects can be important without being profitable, but in that case they should often come with a local tax, not a national one Without some type of basic education being free and probably also mandatory, some of the country's inhabitants, those that are born into poverty, will most likely never learn how to read write or count Such inhabitants are unlikely to increase the productivity of a nation Therefore, we want to avoid that this happens A benefit such as learning to read, write and count benefits everyone and it should be one of the purposes of the government of making sure that this is done Takeaway number 10: How should a government be financed? So ..
With defense, justice, infrastructure and education, a publicly financed government seems to be the most fair and logical solution But there are many different options of financing something, and some are definitely better than others Here are 4 principles for creating good taxes: Equality Each person should contribute in proportion to his or her abilities and in proportion to the revenue which he earns under the protection of the state It is difficult to make sure that the wages, profits and rents (the three sources of income which we discussed in the previous video) are all taxed equally, but they should at the very least be taxed equally individually Certainty Time, quantity and manner of payment must always be clear This is probably the most important principle.
A little bit of uncertainty is worse than a great deal of inequality Uncertainty leads to the potential corruption of the tax gatherer Convenience Taxes should be due when the contributor is most likely to be able to pay The consumer pays whenever he consumes a service or product, and the wage earner should pay taxes as soon as he gets the wage, not at some other time when he might already have spent it all Efficiency A tax may never be more burdensome to the people than it is beneficial to the government For instance … – As few people as possible should be required for gathering the tax – A tax should never discourage industry – And the degree of visits and examinations of the people shouldn't make them feel oppressed With these 4 principles in mind, i'd like to ask you a question: Do you think that it is a good idea for a country to have a wealth tax? In other words, a tax which is in proportion to the total assets of private people. Please comment with your answer down below! Alright, that's it for Adam Smith's Wealth of Nations Here are two unusual recommendations for further watching from other channels: You can watch me doing the Navy Seal's screening test for eight hours, if you want to watch me in a lot of physical pain Or, you could watch this summary of 79 of my book summaries Cheers guys!
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200 ★POWERFUL★ Abundance Affirmations & Images #1 – Wealth Prosperity Cash Law of Attraction Money
Jason 0 Comments Retire Wealthy
I can and will have more than I ever dreamed
possible. I feel good about money and deserve it in
my life. Great wealth is flowing to me now. I now create my wonderful, ideal life. I am thankful for the comfort and joy that
money provides me. I know I am abundant. I always have enough money for myself. Every day in every way I am becoming more
and more prosperous. I see myself as wealthy, and that’s who
I am.
I choose wealth and abundance. My wealth derives from honesty in everything
I do. I am worthy of great success. My greatest good is coming to me now. I love abundance in all its beautiful forms. I am wide awake to my abundance
I release all my negative beliefs about money and invite wealth into my life. I am prosperous, healthy, happy and live in
abundance. Wealth is my birth-right, my natural state
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in my life. My income is growing higher and higher now. Money is an important part of my life and
is never away from me. All my issues with wealth have disappeared. I clearly see opportunities to effortlessly
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Whatever I do, it always ends in amassing
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unlimited now. I always have whatever I need. Perfect abundance is my chosen reality. Money comes to me easily and effortlessly. Every day in every way, my wealth is increasing. I am destined to find prosperity in everything
I do. I am gracious for the wealth I have in my
life. I am free to do whatever I wish to do. Today is filled with opportunity, and I will
seize it. Being wealthy gives me joy, happiness and
peace of mind. I am now free to do the things I love.
Everything good is coming to me easily and
effortlessly. Thank you Universe for my great abundance. Feeling joyful attracts abundance. I allow all good things to come into my life,
and I enjoy them. Wealth is a positive expression of divine
energy. I can easily imagine myself having limitless
abundance. Money always flows to me easily. I realize that I can help others with my wealth;
so I stay wealthy. I am prosperous in everything I do. I am thankful for the abundance and prosperity
in my life. Abundance around me, abundance within me,
abundance throughout me. All my needs are met instantaneously. I know there is ample prosperity for all. I have the power to be successful.
I allow my passions to perpetuate good in
the world through my wealth. I let go of all resistance to prosperity,
and it comes to me naturally. I am magnetic to money, and it is magnetic
to me. Prosperity now happens to me. Money flows freely in my life. I am relaxing into greater abundance. I now release the goldmine within me. I am worthy of receiving prosperity now. I am willing to be more abundant now. I am now accumulating large sums of money. Like a powerful magnet, I attract all my desires
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I am extremely successful. I deserve the best and it comes to me now. I enjoy my prosperity, and share it freely
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life now. Abundance and I are one. I enjoy an abundance of money. My greatest good is here for me now. I attract money to me and I am attracted to
money. I am grateful for everything I receive in
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that I can help others with my wealth. I love money. I enjoy making money and strive to have fun
in every aspect of my work. Whatever activities I perform make money for
me. I believe anyone can be wealthy — and that
includes me.
I enjoy multiple streams of passive income. Money flows to me easily, frequently, and
abundantly. I give thanks that I am now rich, well and
happy. I expect lavish abundance every day in every
way. My ideas are incredible and I have the creative
energy to bring them to life. I always get everything for my greatest good. I notice prosperity all around me. I know that whatever I put out comes back
to me many times over. I recognize and embrace wealth building opportunities. All I have to do is ask for abundance and
allow it. Every day is a wealthy day. I always get what I wish for. All resistance to prosperity dissolves away. I automatically receive surplus. I am thankful for the unlimited flow of good
into my life. The more abundantly I live the more abundance
I will receive. I know that the world is prosperous. Prosperity is mine and I choose to live it.
I have the power to attract money. I open to the flow of abundance in all areas
of my life. I deserve to prosper in everything I do. I love the idea of having truly effortless
abundance. If others can be wealthy, so can I.
I place no limits on the amount of money I can make. I am always immersed in wealth. I attract money naturally. My bank balance is increasing everyday. I can see abundance everywhere around me. I attract prosperity like a powerful magnet. The Universe constantly supplies money to
me. I am living abundantly. I give thanks for the prosperity which is
mine. Money flows easily into my life. I accept and embrace wealth in my life. Unexpected income flows to me. I feel great joy in providing for my family
and those that I love. I deserve to prosper. I absolutely attract abundance. I am skilled at creating assets that make
me wealthy. Wealth and prosperity is circulating in my
life.
I always have enough money to fulfill my needs. Money and I are friends. I believe that more abundance is coming to
me now. Abundance within me, abundance around me. The Universe wants me to have great abundance. It is so easy for me to open to prosperity. I am easily led to the abundance I desire. I am deserving of abundance, no matter what. It is natural for me to be successful. I am successful in every way. Money is flowing to me. I respect my abilities to generate wealth. My circumstances are changing, and prosperity
is flowing into my life.
I believe I have the right to be prosperous,
abundant, and successful. All things I seek are now seeking me. Each day my life is filled with wonders and
magic. I allow the universe to bless me with great
abundance now. My good now flows to me in streams of success,
happiness and abundance. The seeds of great wealth are inside me. Abundance is simply a way of life, and I live
it. Each day is filled with endless expressions
of abundance. Unlimited abundance is mine. I will always be prosperous. Today I expand my awareness of the abundance
around me. Abundance and prosperity are my birthright. Money is positive energy that takes care of
my worldly needs and desires. My supply is endless, inexhaustible, and immediate. My life is prosperous. I am debt free, and money is constantly flowing
into my life. I define wealth and success my way, and I
create it.
I deserve prosperity, and I accept prosperity
into my life. I am a wealth creator, so I am always wealthy. Prosperity is alive in each area of my life. I am in a constant state of fulfillment. I am full of money making ideas. I have the right to be prosperous. I have more money than I could ever dream
of. Accumulating money comes easy to me. It is so easy for me to become a millionaire. Wealth comes to me from many sources. I love my abundance. I am happy being rich. I am grateful to be wealthy. Prosperity follows everything I do. I always have more than enough money.
I welcome abundance into my life. I am free to accumulate wealth. I enjoy sharing my wealth. My wealth allows me to do whatever I want. I am proud to be wealthy. I am a millionaire. I use money to make the world a better place. My prosperity thoughts create my prosperous
world. I am grateful for my wealth. I allow wealth to shine through me. Abundance flows to me. I am successful. Wealth flows to me easily and abundantly. I prosper in my finances. I welcome wealth with open arms. Being wealthy and staying wealthy is in my
nature, therefore I am always wealthy. Everything I need in life is mine. I invite wealth into my life. I am successful because I know what I want
and I ask for it. I am prosperous. Great Job !!!.
Maximizing your retirement contributions throughout your career
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
>>> IT IS NEVER TOO EARLY TO START PLANNING AND SAVING FOR RETIREMENT. HOW DO YOU KNOW IF YOU ARE ON THE RIGHT TRACK FOR YOUR FUTURE AND HOW SHOULD CONVERSATIONS EVOLVE AS YOU GET OLDER? JOIN US NOW TO EXPLAIN ALL OF THIS AND HOW TO MAXIMIZE YOUR SAVINGS IS CAMELIA ELLIOTT. THANK YOU SO MUCH FOR JOINING US . LET'S START RIGHT AFTER YOU GET YOUR FIRST REAL JOB AND YOU ARE IN YOUR 20s.
IF YOU LIKE YOU ARE NOT MAKING ENOUGH MONEY TO SEND ANYTHING ASIDE, BUT HOW SHOULD YOU BE INVESTING WHEN YOU ARE IN YOUR 20s? >> I KNOW THAT IT IS VERY DIFFICULT WHEN YOU'RE IN YOUR 20s AND TRANSITIONING FROM COLLEGE INTO SCHOOL. THE MOST IMPORTANT THING IS TO START EARLY. ONE THING YOU HAVE AS A BENEFIT IS CALLED COMPOUND INTEREST. IT CAN HELP YOU PREPARE FOR RETIREMENT MUCH EARLIER. IT WILL NOT FORCE YOU TO HAVE TO SAVE A LOT OF MONEY TOWARD THE END OF YOUR WORKING LIFE.
ONE OF THE MOST IMPORTANT THINGS IS TO ENROLL IN YOUR 401(K) PLAN. IF YOU NEED TO START SMALL, START SMALL. WHICH WE TYPICALLY RECOMMEND IS CONTRIBUTING THE EMPLOYER MATCH AND THE AVERAGE IS 4.5%. FOR THOSE WHO HAVE STUDENT LOANS, ONE OF THE GREAT THINGS BEEN OFFERED NOW IS IF YOU CANNOT CONTRIBUTE TO YOUR RETIREMENT PLAN, THEY COULD HELP YOU TO CONTRIBUTE MONEY TOWARD YOUR STUDENT LOAN. IT IS TAX-FREE MONEY TO HELP TO PAY DOWN STUDENT LOAN DEBT. THE LAST IS IT IS A GREAT TIME TO START A BUDGET AND GET ON THE RIGHT FOOT SAVING FOR RETIREMENT . ú>> I WISH THAT I TOOK THAT ADVICE IN MY 20s. LET'S TALK ABOUT LATER. IF YOU'RE IN YOUR 30s AND GOT RID OF YOUR CAR FROM COLLEGE AND ARE LOOKING TO SAVE FOR A HOUSE.
HOW DO YOU MODIFY YOUR CONTRIBUTIONS? >> AVOIDING LIFESTYLE CREEP IS ONE OF THE MAIN THINGS TO AVOID WHEN YOU'RE IN YOUR 30s. THINK ABOUT WHAT IS HAPPENING. YOU ARE BUYING A HOME AND HAVING CHILDREN. THERE'S SO MANY COMPETING PRIORITIES AT THAT TIME FOR YOU . ONE OF THE IMPORTANT THINGS TO DO IS CONTINUING TO SAVE. EVERY YEAR YOU MAKE MORE MONEY YOU COULD INCREASE YOUR CONTRIBUTIONS BY 1%. ALSO MAKING SURE THAT FAMILY MEANS DO NOT OVERSHADOW THE NEED TO SAVE FOR RETIREMENT. >> ONCE YOU SET IT UP AND THE MONEY COMES OUT, YOU DO NOT EVEN MISS IT. >> THANK YOU SO MUCH..
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Rethink Retirement – well-being beyond your bank account | Clare Davenport | TEDxBYU
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
Transcriber: Annet Johnson
Reviewer: gaith Takrity Do you ever dream of retirement? What’s your retirement dream? Is it pure bliss and relaxation? Can you almost feel that warm wind? Taste those fruity umbrella drinks? Lounging by the pool, endless games of golf,
walking on the beach? I’ve always loved vacations, haven’t you? So I think we’re really going to love
this constant vacation space in retirement too, right? It actually reminds me of a couple I know. Let’s call them, “Jeff and Jenny.” They’ve dreamt of retirement for years. Jeff had worked at the same company
for over 30 years.
He knew everybody. He was the life of the place. And Jenny, she’d often worked two jobs
so they’d have enough. They finally did. They moved to sunny Florida, of course. But something strange started to happen. Jeff seemed lost, lonely. They started to nip at each other. They started to quarrel. And Jenny, although she was
beginning to make community, really didn’t like to golf. She’d never been that sporty. She missed her long-time book club.
She missed her best friends, her kids, her soon-to-be grandchild. What was going on? Had they not done everything right? They’d moved to sunny Florida. They’d worked with
a smart financial advisor. They’d saved enough. I ask you, if this is the dream vision
for retirement – You see it in the adverts. Why is it that so many are
dissatisfied at this age? Why is it that depression
increases by 40%? Why is it [that] substance abuse,
divorce rates are climbing? Why is everyone lonely? And people’s self-worth is low? Surely we can do better than this. Look, I’ve spent many years consulting and coaching and researching
the ideas, tools, and frameworks that best support us
during times of transition, like retirement. Look, I’m not here to tell you
whether you should or shouldn’t retire, because maybe you should
or maybe you shouldn’t. It is up to you to design and discover. But I do want to share with you
what I know about these life changes, these life quakes, these life disruptors so we don’t end up
in a situation like Jeff and Jenny. Look, we know that transitions
are a regular part of life.
They can be trying and triumphant. They can be predictable and unpredictable because life often
doesn’t follow a straight line. But my research and others’ shows us
that if we bring our intention and attention to them,
we can improve our well-being. And we can improve our well-being
in retirement too. I like to think of it as an ROI,
a return on investment. But this time for our well-being. Think of it as the “ROI”
beyond our bank account, an investment portfolio
in human flourishing, your flourishing in retirement. Where “R” is where we reframe
our current definition of retirement. “O” is where we optimize
the well-being in retirement. And “I” is where we ignite
our way forward. So let’s “ROI,” Reframe, Optimize,
and Ignite, your retirement. Let’s start with “R”: reframe. Let’s reframe your current
definition of retirement. Look, even the word retirement
sends shivers down my spine. I really don’t like that word much. And when I look up the word “retire”
in a thesaurus, I see the strangest words: retreat, remove, exit, my personal favorite, “go to bed.” And, although I get it – It is very, very tempting
to go to bed sometimes, it does imply that we are
fading from life when in fact these years can be
some of our best years, some of our most flourishing years.
So then, how did it start? Well, historically, we never
abruptly retired. We gently moved from one stage
to another in life. And then rumor has it, this gentleman – I think he looks a bit scary, actually, German Chancellor, Otto Van Bismarck,
in 1889, created this idea, this invention of retirement
when he put in place disability insurance for those over 70. This idea was radical. But other countries followed suit,
making retirement age between 65 and 70. But what’s interesting about
this time period of 1889 was the life expectancy
was less than 44 years. A far cry from our 80′ish years today. So to be clear, this definition
or invention of retirement is over 100 years old and we have almost doubled our lifespan. So surely, can we not all agree that
we need to reframe, rethink, redesign … our retirement definition? Next, let’s “O” of the ROI, let’s optimize. Let’s optimize our well-being
in retirement. And it’s here we can learn
from some great science and research. Edward Jones asked over 9,000 retirees, “What gives you fulfillment
in retirement?” Their answers: being authentic, spending
time with those they care for, they love, doing interesting things,
things that help them grow, and being generous, giving back.
Interestingly, money was
at the bottom of the list. And, look, we know that money can
bring us freedom and flexibility. But research consistently shows us
that above a base level, money is not the secret ingredient
to happiness in life or in retirement. It’s also interesting to examine
the disconnect between what retirees are thinking about – connection, contribution, community, and pre-retirees are thinking about, which is pretty much their bank accounts
and this vacation view of retirement.
And when we look at
this vacation view of retirement, we find that over time it becomes the norm and starts to lack the joy it once did. It’s probably why
Berkeley researchers found that we have a sugar rush
of well-being when we first retire and then a year or two later
a fairly sharp decline. Behavioral economists might call it
hedonic adaptation, where one more umbrella drink, one more golf game just loses its sparkle. We can also look into the world
of positive psychology as we continue to “O”, optimize. We can examine the science of
what makes for a good life, a happy life, a life better than fine. And it goes by the acronym, PERMAV. I like to think of it
as my well-being playbook where “P” is positive emotion,
feeling good, hopeful, inspired, loving. It’s like a micro moment of joy: a good laugh, a good meal. “E” is engagement. Having interests in pursuits that fully
captivate us and take us away: help us grow, our relationships, having loving and authentic relationships
with another, with groups, with communities.
“M” is meaning, that sense of purpose,
something beyond ourselves. “A” is accomplishment, having positive progress in life. And “V” is vitality, investing in our bodies, in our minds,
because they both matter and they work together. Look, these elements collectively
make up our well-being. They matter, they work together, and we have to bring our attention
and intention to them because they can change. So it’s super important
in retirement to focus on these. We can also learn from the
blue zones of the world, those zones where people
fully embrace the PERMAV elements. They live flourishing lives and they live
an extra 10 to 15 years than most of us. The word retirement doesn’t even exist. Take Marie, for example. She’s amazing. She's 101, has her own garden. walks over a mile a day,
volunteers five days a week, and spends a lot of time
with her great friends and her six great grandchildren. She is thriving. She is optimizing her retirement years. Next, “I” of the ROI. Let’s ignite our path forward. Let’s take action. Let’s explore ideas. Let's sneak up on the future. We know that life is not
a fixed destination but rather a continual design project.
There’s not one best option for us. There's many great options
for us in retirement. We also know to break down
our ideas and our actions. We break them down small, so we feel comfortable taking action. We have a conversation, we explore an idea, we learn something new, but in a safe way. So we take some action. We adjust and edit and we take a little more action
as we ignite our way forward. So in closing, I invite you, all of you, to have a conversation
about your retirement.
But maybe a little differently this time. It is never too early
and it’s never too late. Let’s create a retirement canvas full of the colors and
textures of well-being and ignited by our boundless
designs and imaginations, like Jeff and Jenny did. They moved back from Florida. They still vacation there sometimes. They bought a smaller condo,
two doors down from their best friend. Jeff decided to go back to work part-time, and he’s taking improv
classes twice a week. And Jenny, she’s enrolled
in doing a Masters in English and still loving her long-time book club. They are prioritizing their friends, their family, and their new grandchild. They are thriving. So … what about you? Let’s begin to ROI
your retirement chapter. Let’s start with “R”, refrain. What does retirement now mean to you? And what beliefs are
no longer serving you? “O”, optimize. Who and what will you prioritize and how will you use your many,
many strengths and skills? And how does this compare
with those you care for? And “I”, ignite. What is one small step
you could take today to better understand
your “retirement act,” knowing the best can be yet to come.
Thank you. (Applause).
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Finance Cheat Code Only The Wealth Know 🤫 #shorts
Jason 0 Comments Retire Wealthy
this is a financial cheat code that the wealthy are not sharing with you and if you want to become rich you have to re-watch this video let's say you take out a loan which you don't have to pay any taxes on it the rich would use this debt to go and buy assets that appreciate your value they then use appreciated assets value as it grows to borrow even more money from the asset which is also tax-free and have the assets cash flow okay to the impassive income subscribe for more financial breakdowns.
Rethink Retirement – well-being beyond your bank account | Clare Davenport | TEDxBYU
Jason 0 Comments Retire Wealthy Retirement Planning Tips for Retiree's
Transcriber: Annet Johnson
Reviewer: gaith Takrity Do you ever dream of retirement? What’s your retirement dream? Is it pure bliss and relaxation? Can you almost feel that warm wind? Taste those fruity umbrella drinks? Lounging by the pool, endless games of golf,
walking on the beach? I’ve always loved vacations, haven’t you? So I think we’re really going to love
this constant vacation space in retirement too, right? It actually reminds me of a couple I know. Let’s call them, “Jeff and Jenny.” They’ve dreamt of retirement for years. Jeff had worked at the same company
for over 30 years. He knew everybody. He was the life of the place.
And Jenny, she’d often worked two jobs
so they’d have enough. They finally did. They moved to sunny Florida, of course. But something strange started to happen. Jeff seemed lost, lonely. They started to nip at each other. They started to quarrel. And Jenny, although she was
beginning to make community, really didn’t like to golf. She’d never been that sporty. She missed her long-time book club. She missed her best friends, her kids, her soon-to-be grandchild. What was going on? Had they not done everything right? They’d moved to sunny Florida. They’d worked with
a smart financial advisor. They’d saved enough. I ask you, if this is the dream vision
for retirement – You see it in the adverts.
Why is it that so many are
dissatisfied at this age? Why is it that depression
increases by 40%? Why is it [that] substance abuse,
divorce rates are climbing? Why is everyone lonely? And people’s self-worth is low? Surely we can do better than this. Look, I’ve spent many years consulting and coaching and researching
the ideas, tools, and frameworks that best support us
during times of transition, like retirement.
Look, I’m not here to tell you
whether you should or shouldn’t retire, because maybe you should
or maybe you shouldn’t. It is up to you to design and discover. But I do want to share with you
what I know about these life changes, these life quakes, these life disruptors so we don’t end up
in a situation like Jeff and Jenny. Look, we know that transitions
are a regular part of life. They can be trying and triumphant. They can be predictable and unpredictable because life often
doesn’t follow a straight line. But my research and others’ shows us
that if we bring our intention and attention to them,
we can improve our well-being.
And we can improve our well-being
in retirement too. I like to think of it as an ROI,
a return on investment. But this time for our well-being. Think of it as the “ROI”
beyond our bank account, an investment portfolio
in human flourishing, your flourishing in retirement. Where “R” is where we reframe
our current definition of retirement. “O” is where we optimize
the well-being in retirement. And “I” is where we ignite
our way forward. So let’s “ROI,” Reframe, Optimize,
and Ignite, your retirement. Let’s start with “R”: reframe. Let’s reframe your current
definition of retirement. Look, even the word retirement
sends shivers down my spine. I really don’t like that word much. And when I look up the word “retire”
in a thesaurus, I see the strangest words: retreat, remove, exit, my personal favorite, “go to bed.” And, although I get it – It is very, very tempting
to go to bed sometimes, it does imply that we are
fading from life when in fact these years can be
some of our best years, some of our most flourishing years. So then, how did it start? Well, historically, we never
abruptly retired.
We gently moved from one stage
to another in life. And then rumor has it, this gentleman – I think he looks a bit scary, actually, German Chancellor, Otto Van Bismarck,
in 1889, created this idea, this invention of retirement
when he put in place disability insurance for those over 70. This idea was radical. But other countries followed suit,
making retirement age between 65 and 70. But what’s interesting about
this time period of 1889 was the life expectancy
was less than 44 years. A far cry from our 80′ish years today. So to be clear, this definition
or invention of retirement is over 100 years old and we have almost doubled our lifespan. So surely, can we not all agree that
we need to reframe, rethink, redesign … our retirement definition? Next, let’s “O” of the ROI, let’s optimize. Let’s optimize our well-being
in retirement. And it’s here we can learn
from some great science and research. Edward Jones asked over 9,000 retirees, “What gives you fulfillment
in retirement?” Their answers: being authentic, spending
time with those they care for, they love, doing interesting things,
things that help them grow, and being generous, giving back. Interestingly, money was
at the bottom of the list.
And, look, we know that money can
bring us freedom and flexibility. But research consistently shows us
that above a base level, money is not the secret ingredient
to happiness in life or in retirement. It’s also interesting to examine
the disconnect between what retirees are thinking about – connection, contribution, community, and pre-retirees are thinking about, which is pretty much their bank accounts
and this vacation view of retirement. And when we look at
this vacation view of retirement, we find that over time it becomes the norm and starts to lack the joy it once did. It’s probably why
Berkeley researchers found that we have a sugar rush
of well-being when we first retire and then a year or two later
a fairly sharp decline. Behavioral economists might call it
hedonic adaptation, where one more umbrella drink, one more golf game just loses its sparkle. We can also look into the world
of positive psychology as we continue to “O”, optimize. We can examine the science of
what makes for a good life, a happy life, a life better than fine.
And it goes by the acronym, PERMAV. I like to think of it
as my well-being playbook where “P” is positive emotion,
feeling good, hopeful, inspired, loving. It’s like a micro moment of joy: a good laugh, a good meal. “E” is engagement. Having interests in pursuits that fully
captivate us and take us away: help us grow, our relationships, having loving and authentic relationships
with another, with groups, with communities. “M” is meaning, that sense of purpose,
something beyond ourselves. “A” is accomplishment, having positive progress in life. And “V” is vitality, investing in our bodies, in our minds,
because they both matter and they work together. Look, these elements collectively
make up our well-being. They matter, they work together, and we have to bring our attention
and intention to them because they can change. So it’s super important
in retirement to focus on these.
We can also learn from the
blue zones of the world, those zones where people
fully embrace the PERMAV elements. They live flourishing lives and they live
an extra 10 to 15 years than most of us. The word retirement doesn’t even exist. Take Marie, for example. She’s amazing. She's 101, has her own garden. walks over a mile a day,
volunteers five days a week, and spends a lot of time
with her great friends and her six great grandchildren. She is thriving. She is optimizing her retirement years. Next, “I” of the ROI. Let’s ignite our path forward. Let’s take action. Let’s explore ideas. Let's sneak up on the future. We know that life is not
a fixed destination but rather a continual design project.
There’s not one best option for us. There's many great options
for us in retirement. We also know to break down
our ideas and our actions. We break them down small, so we feel comfortable taking action. We have a conversation, we explore an idea, we learn something new, but in a safe way. So we take some action. We adjust and edit and we take a little more action
as we ignite our way forward. So in closing, I invite you, all of you, to have a conversation
about your retirement. But maybe a little differently this time. It is never too early
and it’s never too late. Let’s create a retirement canvas full of the colors and
textures of well-being and ignited by our boundless
designs and imaginations, like Jeff and Jenny did. They moved back from Florida. They still vacation there sometimes. They bought a smaller condo,
two doors down from their best friend. Jeff decided to go back to work part-time, and he’s taking improv
classes twice a week.
And Jenny, she’s enrolled
in doing a Masters in English and still loving her long-time book club. They are prioritizing their friends, their family, and their new grandchild. They are thriving. So … what about you? Let’s begin to ROI
your retirement chapter. Let’s start with “R”, refrain. What does retirement now mean to you? And what beliefs are
no longer serving you? “O”, optimize. Who and what will you prioritize and how will you use your many,
many strengths and skills? And how does this compare
with those you care for? And “I”, ignite.
What is one small step
you could take today to better understand
your “retirement act,” knowing the best can be yet to come. Thank you. (Applause).
Why You Shouldn’t Chase Money – Millionaire Mindset Wealth Principle #2 – Millionaire Mindset Ep. 4
Jason 0 Comments Retire Wealthy
– Millionaire attitude wide range principle second: Believe demands, not money. Please claim it together. Believe requirements not cash. If you chase after money, it'' s. really hard to obtain money. Chase requires. It ' s very easy to generate income. Believe needs, not cash. Below'' s a little fascinating cartoon. The hundred dollar bill having a conversation with a $1 bill. The hundred buck bill stated, “” You recognize, I had a great life. Wonderful house, fast cars and trucks, fantastic trips, and expensive dining establishments. The $1 costs said, “” All I ever did was to go to church, most likely to.
church, and most likely to church.”” A hundred buck expense.
What ' s a church. Make a lot more so you can offer much more, versus everyone placing a.
couple pair bucks the damn hat.What if you could make enough adequateCash you could donate give away even more cash the whole damn church together? Believe about it.
if I put effort right into it. Can I come to be a millionaire as well? I actually wish to become,.
no, a billionaire. She stated: Can I end up being a billionaire if I strive enough and put my initiative and strive for it? As well as right here'' s what she responded, she supplied some guidance: Change your focus far from what you desire, a billion bucks, and also.
obtain deeply, intensely curious concerning what the.
world wants as well as needs. Ask on your own what you have.
the prospective to supply that is so unique and also.
engaging as well as helpful that no computer can change you, nobody might outsource you, no one can take your product and make it much better and afterwards club you into.
oblivion, not actually, after that create that.
One thing. When you come to be a master.
of two globes say, engineering and also organization,.
you can bring them with each other in such a way that will certainly present hot ideas to every other, so they can have suggestion sex and make idea.
babies that no one else has actually seen prior to. And B,.
create a competitive advantage because you can move between the worlds, speak both languages, attach the people, mash the aspects to stimulate.
fresh, innovative understanding till you awaken with the.
revelation that transforms your life. The globe doesn'' t throw a.
billion dollars at a person since the individual desires.
The globe does not care. What'' s the word? The globe provides you money in exchange for something it views to be.
of equal or better value. Something that transforms.
an aspect of the culture, remodels a familiar tale.
or introduce a new one, alters the way people.
consider the category as well as use it in daily life.There '
s no road map,.
no blueprint for this. A whole lot of individuals will.
give you a great deal of guidance and the majority of it will certainly be bad.
as well as a great deal of it will be great as well as audio, yet you will.
need to figure out exactly how it doesn'' t put on you.
because you are coming from an unanticipated angle and.
you will be doing it alone up until to you develop the.
charisma and also reliability to bring in the skill you.
require to find with you. Have guts, you will certainly require it. As well as excellent luck, you will certainly require that also.”” A round of applause. (crowd claps) That'' s one smart spouse. That basically sums all of it. That just virtually – When I read that post, I'' m like, like– It is so good. It is like, wow. Like, charm! My benefits. Envision if that ' s just how clever the other half is, Elon Musk, my goodness. There'' s a claiming behind.
Love'' s the secret. – Legislation of tourist attraction, yes? Below'' s what
the.
make your reality.”” Right? You become what you assume about. That'' s what the legislation
of. attraction speak about. – [Male] I had a roommate.
that read this publication. – Yes. – [Male] And also she thought that you simply claimed to believe as well as not do anything.
– Yes. – [Guy] As well as advantages will certainly come for her. – Yes, you just need to think.
And also not have to do anything as well as excellent things will certainly come to you. – [Guy] That'' s exactly how she discusses it. – That'' s it. You see, the number of of you have. come across Believe and also Grow Rich? The amount of have not listened to. of Believe and also Grow Rich? Go read it.
– [Man] Okay.
– Okay, by Napoleon Hillside. Notification that the title, state it with each other– Think–.
Not visualize and expand rich. Not kick back as well as do.
Not hope and expand abundant. It'' s assume. That'' s not what the publication is around.
And also there'' s a fantastic publication that I likewise like, The Millionaire Fastlane by MJ DeMarco. And there'' s so many. Assuming alone never made.
anybody rich unless their assuming materializes itself.
right into constant activity. What are the two keywords? [target market together] -.
Consistent action.What are the 2 essential words? 2 word application of. Range develops millionaires,.
size develops millionaires. What is scale? Volume. Quantity. You intend to make millions? Market millions of something. Magnitude, deepness, transection size. Market a 2 million buck thing,.
five million dollar thing, 10 million dollar point. You can likewise be a millionaire. Scale and also magnitude together.
develops billionaires. You backtrack the resource.
of millionaire cash and you will discover numerous something. To make it straightforward and short, you intend to make.
It'' s very straightforward. You'' re not making the money that you want? Look at exactly how lots of people you'' re affecting.
you deliver in a marketplace.Tough to be a millionaire doing that, yes? As a business owner, if. you ' re giving a solution, you ' re only dealing with– Unless you have a great deal of. magnitude, bill a lot of cash, then it ' s difficult to be a millionaire. You believe in regards to you offer something, you sell to countless people. Yes, that ' s just how you arrive. Retrace the source of millionaire money as well as you'' ll locate millions of something. Fail to remember the legislation of tourist attraction,.
the law of love. The regulation of what? Affection. The amount of individuals do you influence states the more lives.
you influence in an entity that you regulate in range or in size, the richer you will end up being. The law of affection. See if you have something that are influencing numerous people. You can have a lack of confidence. You will make millions. Are there individuals making millions.
that'' s an absolute jerk.Anybody solution concern. Are there individuals making. millions they ' re the nicest people you have ever met? Money does not care. Money doesn'' t have a principles. It doesn'' t have an ethical. You'' re an evildoer, I'' m. not gon na let you'have me. Or you ' re
a great person, I ' m. gon na let you have some even more.
There are some of the nicest,. kindest individuals that I understand, entirely broke. There are also individuals.
It'' s nothing to do with each other, mmkay? Prior to I go right into that, take 2 mins. The first one, as well as the.
Go.
( Calle Ocho)”” by Pitbull Shake their hand and also say.
“” thanks for sharing”” please. (Audience murmuring) So show me, simply shout out the answer a-ha minutes, what it indicates to you simply the very first 2 concepts. What it suggests for you.
[Man] I think for me, comprehending that money is a circulation- – Blood circulation [Guy] – It'' s like flow. It helps with my financial investment purchasing, say the only.
way I'' m mosting likely to generate income is if I offer it, as well as, yeah, that'' s just exactly how I recognize it.- Sometimes you assume.
concerning it with economic situation what causes economic situation recession,.
it'' s a lack of -what? A lack of circulation. You.
hear it from the government. If you wish to help the.
economic climate from the U.S. You intend to assist the economic situation,.
Currently am I saying you wear'' t. desire to save any cash? You got ta go through that stage. When you save enough, you want to spend, you want to increase, yet.
you got ta master making it. You'' re efficient it. Perhaps for some of you it'' s tough to think. Making it is actually pretty damn very easy. If you'' re really great- simply take my word, making it.
You'' re. Money comes.
Way, method harder. Go to the mike guy,.
Give Earl a round of applause. (audience applauds) Give like a one min version of it- what the heck occurred. – Hi Earl.
you desire the longer variation, I'' m doing a longer variation on the 23rd.
I inform the story of exactly how.
I made a number of money so I made a 40 million dollar realm. And afterwards I screwed up and also I lost it all. 2008 struck me even more than it.
And also really, it'' s amusing. One of those things you talked concerning- number 3, right, not worthy- it'' s amusing, I sent you an email.
as well as I was in that stage not feeling, not worthwhile- right, I mean I made a million dollars, it'' s very easy to do. In fact the funny point.
is, Dan picked me up. He stated, you don'' t have. to strike a particular level to deal with me once again. It wasn'' t a question of merit. You'' re my friend, I wish to.
assist you anyway, let'' s do this. As well as, the amusing point is.
when I ultimately chose to leave my butt, 60 days, 6 figures. Six months, 7 numbers. I report back to Dan each week.
“” hey this is what I'' m doing” and the initial pair updates were attractive, “” hey check out this, appearance.
at this, look at this”” the last pair updates, not.
You can make it. Making it is stupid simple.
as well as I'' m making a lot more sales now than I was when I was marketing. So, the sales and also advertising and marketing.
fuction? Yeah, 100 percent. But keeping it is a bitch. – [Dan] I such as that quote, “” Making it is very easy,.
maintaining it is a bitch.”” that'' s truly, you ' re writing. this down? That ' s great. [Audience Praises] Place that on Facebook. I.
like that. Tweet that. – [Announcer] Ten times your financial resources. Ten times your organization. Ten times your advertising. Ten times your life. Hit the subscribe switch now.
How America’s Wealth Gap Shaped the Modern Economy
Jason 0 Comments Retire Wealthy
[Martin Luther King Jr.] The reality is that countless Negroes, as an outcome of centuries
of denial as well as neglect, have actually been left bootless. It is a cruel jest to
state to a bootless male that he should certainly lift himself
by his own bootstraps. At the dawn of emancipation, the total Black wide range in
Today that number is between 1-2%. The most destructive form of the racial riches space
is when we take individuals, human beings, as funding for others, as being an asset whereby
others can be enriched, can gather, can give resources from one generation to the other. [Martin Luther King Jr.
] They find themselves poor aliens in
this upscale society and also there is a wonderful offer
that culture can and also should do if the Negro is to acquire the
financial protection that he needs.The origins of the racial wealth space begins
when Black people went into the coasts of the United States as belongings funding. There were two types in which Black individuals offered as capital, the uncompensated labor that they offered, yet their sheer bodies themselves could be traded, could be traded and also stood as
a source of wide range and also wide range structure for White people. The slavery of Black individuals in America is what made the United state economic situation grow into the giant that it is today. At the begin of the Civil War, each servant was worth a standard of$ 1,000.
With the 13th Modification that released slaves, the point is that, that ' s not enough. When you ' ve had centuries of literally bondage imposed upon a people,'if you want real justice or true flexibility, there required to be not just that liberty from bondage, but actual coming with of sources so that individuals might pursue their resources. Expecting a people to to thrive as well as thrive without payment for all that unfair harm truly just established a system for fascism and also a system that was unjust.Toward the end of the Civil War, General William Tecumseh Sherman made an assurance to slaves that as quickly as the battle was over, they would certainly be provided 40 acres of land
as well as a burro. This concept of offering land had a dual function.
People that supported it saw it as a method to both cost-free the formerly-enslaved from their old masters and as a way to water down the power of these southerly land owners. A couple of months later, President Abraham Lincoln was shot and eliminated. His Vice President, Johnson, promptly eliminated this guarantee. When Andrew Johnson banned the Freedmen ' s Costs, he stated, look, this is a. White male ' s federal government, to ensure that was the impetus. But additionally used this idea that the government. doesn ' t hand out land, this is'commercialism. As well as the idea that this is a. free market as well as self-government'was really much used to damage. cases of the 40 acres, while at the exact same time the federal government is giving. away cost-free land out west via the Homestead Act.The Homestead Acts were a series of bills suggested to urge negotiation. of the American West. In all, 270 million
acres were given out as part of the bills. That land, which represents about 10% of the entire nation, was mainly taken from Indigenous Americans and also most of the 1.5 million Americans that took advantage of the. Homestead Acts were White. They were actually giveaways that provided White individuals. eventually a key ingredient to construct wealth,
and. that ' s resources itself, and also deliberately Black. people were not included.
The Homestead Act is a significant indication of united state federal government.'assisting in the buildup for White people and not. promoting it for Black people, but it ' s among many.The Homestead Act fits. into a larger context that throughout our United States history, well past enslavement, we. think of racial repression and also we assume that with emancipation, that all of an abrupt. we were a cost-free country, but a larger point to make is that if we think of a middle class, a middle, White, asset-building course, it was government plan. that produced it. What little financial successes Black people were able. to contend this moment usually spurred a great deal of. bitterness among Whites
. This resulted in countless. lynchings of Black individuals and other violent assaults, in some cases on whole Black. areas and also neighborhoods
. My name is Roy Woodle and I ' m not ashamed to be a Klansmen. Amen! This remained in the moment of heavy Jim Crow, it was in the moment of rising Klan
, and also while where. White supremacy was acquiring'this pseudo-scientific authenticity. It is the situation that throughout background, not only have Blacks not been permitted to collect land,
funding. and other kinds of source to the very same level as Whites, however when they were able. to conquer obstacles and accumulate those sources,. it ' s always gone through straight-out horror, straight-out seizure, due to the fact that we did not have the codification that comes along with federal government to safeguard the resources of Black people similarly that it was. protected for White people.Tulsa, for instance, in the. 1900s, there was oil boom with a great deal of wealth that. was in that area and so they built the Greenwood District and the main component of the.
city was this Black church.
It was really elaborate as well as gorgeous
. These areas are called. the Black Wall Surface Street, where it wasn ' t a sharecropping market, there were landholdings. The important things that took place was.
that the racial bitterness expanded. There were battles and truly just a total.
In that one day, Black Wall surface Road was ruined as well as 10,000 Tulsans were displaced. There ' s even evidence that. Globe War One bomber planes were made use of to melt the community.
The Tulsa Bloodbath was. Civil War and the 1940s, destroying a significant. On the one hand, those neighborhoods are clear examples of the methods
in which Black.
They can in fact grow. However on the various other hand,.
we romanticize the past.We define a nostalgia as if. we had these kingdoms of gold, when in fact, it was never the case that Black people had wide range en masse.
Slavery itself developed a. multi-trillion dollar wide range gap as well as the period promptly. As well as none of that consists of the one point that many individuals today can map their wide range. This legislation, for the initial time,.
As a matter of fact, the government. federal government went the other means.
Communities were redlined. The federal government produced.
maps that revealed the level of threat by area.
These had different shades and the riskiest was outlined in red.
This was really a lot a crude calculus however advanced in a way that they actually had heaps.
of maps throughout the nation as well as you would see the manner in which they mapped out a neighborhood and they checked out the
. house: Is it single-family? Is it industrial? Is it farmland? What are the features. of the neighborhood? Yet the top thing. that they considered is who lives there? So they would certainly say this is a. Black area, redline.And normally
what would certainly establish? Slums. What would develop? Neighborhood degregation. When you have funding. getting away certain areas as well as capital being flooded right into areas, the outcomes come to be evident. If you stayed in a Black area, because it was a Black community, you did not
get that FHA mortgage, you did not obtain that GI costs funding, you did not obtain the ranch
lendings. Today the legacy of those legislations is that your neighborhood. is quite racially-coded. This is exactly how racism obtains. ingrained in wealth. Word originated from Capitol Hill that Congress had passed. and sent to the White House the Civil Civil Liberty Act of 1968. Consisted of in the procedure was. a spots open real estate expense, which, when totally efficient,. would certainly prohibit discrimination in about 80%. of all real estate provided for rent or offer for sale in the United States. The Civil Rights Motion, and specifically the. Fair Housing Act of 1968, tried to place an end to. that discrimination. Fair real estate for all, all humans
who live in this nation, is now a part of the American lifestyle.
They didn ' t have much economic power as well as they battled to.
undo the decades of damage that had actually already been done.Since that time
the wide range. gap has in fact widened. In 1967, Black families had 1/5 the riches of White families. Today, that number is 1/7.
It ' s not simply that you have. It is likewise the opportunities; the ladders up for your kids are different in certain areas, non-existent in some neighborhoods as well as, rather honestly, tough to fall off of in other areas.
This tale is not all dismal. Similar to plan can be enacted to produce these unjustified disparities, likewise plan can be. enacted to remedy them.
We need something in.
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