Consume Product - Arete Network

Consume Wealth

posted 1 year ago by yudsfpbc on scored.co (+0 / -0 / )

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The "big secret" that you can find published in pretty much any self-help book published before the 1940s is simply this: Spend less than you earn and invest your savings wisely.

There was a fellow here posting about how he felt he was trapped in slavery. Let me tell you: slavery has been going on since the dawn of mankind, and people have been BUYING their way out of slavery for just as long.

How is it done?

Spend less than you earn. Invest your savings wisely.

That's it.

Take an assessment of your life. Where is your money coming from? Where is it going to? No matter what, never spend more than you earn. In fact, when money comes in the door, immediately take a chunk of it and put it in your savings, whatever form that is. Then, with the leftovers, go ahead and buy your food and clothing and such. If you can't afford it -- don't buy it. Learn to go without. Your ancestors lived on way less than what you think you need to survive.

Don't get into debt. Debt is for losers. If you borrow today what you pay back tomorrow -- you are enslaving your future self! If you are in debt, do whatever it takes to get out of debt, RIGHT NOW. Remember that BANKRUPTCY is a last-ditch effort to reset your life, so don't be hesitant to take advantage of it if necessary.

And because bankruptcy is an option -- you can settle, RIGHT NOW, your unsecured debt for pennies on the dollar. The credit card companies would rather get something than nothing.

Don't be stupid about this. Be smart with your money.

Invest that money wisely! Don't give OTHER PEOPLE that money so that THEY can get rich! Start today investing in your own businesses and buy things that are worth money now and forever.

The ideal life is this: You make money by doing nothing because your investments grow over time. You only ever work for yourself, building your own wealth. You have such an abundant life that you don't know what to do with the surplus, so you give it to God, your children (especially), your extended family and dear neighbors, WISELY, so that they too can succeed.

Success really is that simple: SPEND LESS THAN YOU EARN, AND INVEST YOUR SAVINGS WISELY!

IndomitiusOfCapua on scored.co

1 year ago 7 points (+0 / -0 / )

That's why the elite try their hardest to make sure all you can do is afford basic necessities so you literally can't afford to cut expenses and save. Still though, some people based on income alone given their genetics and upbringing will never be able to escape slavery.

Intergenerational wealth is one of the surest ways to get out of slavery. If you aren't born into wealth, you're more than likely to stay a slave but you might be able to ensure your children have more freedom.

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Leporidae on scored.co

1 year ago 2 points (+0 / -0 / ) 1 child

Never go into debt in order to consoom, but it's very different to take on debt in order to acquire assets that will grow in value faster than the usury will grow the debt. This requires you to know what you're doing, and is one of the things that let people create vast fortunes during the low-interest period we just had.

Uberen on scored.co

1 year ago 0 points (+0 / -0 )

Debt puts you in a dangerous position. It's better to build wealth slowly than to risk it all, and pay the jews interest on your ambition.

AshenWyvern on scored.co

Good post. An additional method I have learned is to write down things you want to buy which are not critical and over a certain price threshold (mine is $30, but even $10+ things might make the list). When you allow a few days to pass, review the list and see if you really can justify the expenditure. This reduces impulse buys significantly for me.

Maskurbator on scored.co

1 year ago 3 points (+0 / -0 / )

I do something similar. I open it on a tab on my phone and sit on it for a few months. And I go back and lot and them and close the ones that I don't care for anymore. And I something stays there for a long period of time and I still want it, I get it.

Hamberder6nein420 on scored.co

1 year ago 1 point (+0 / -0 / )

Debt is just another tool which can be used well. Inflation can make debt wise because my future money is almost guaranteed to have less buying power than my current money

ChristIsLord on scored.co

Also if you move to a different state figure out what taxes you'll ACTUALLY be paying. Moved to a blue state and made more money than I've ever dreamed of and I bring home about the same as I did making 11 an hour less. I get taxed for my township, the township my work is in, an occupational tax, school property taxes ON TOP of regular property taxes, right to work tax, high income taxes, gas gets an extra 50 cents a gallon tax. Some places here get taxed when it rains. I'm certain I'm missing some here.