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Lies About Making Money : Don’t Listen to the TV

Saving Money Will Make You Rich

In my previous post, I talked about Budgeting Time with as much rigor as you would watch your Money. This post will be about Making and Saving Money.

Budgeting will allow you to live an organized and well managed lifestyle, but it will not make you rich.

There is so much BULLSHIT on T.V. , written in books, and recorded in Youtube videos, telling YOU that if you wisely watch your spending habits, you will make it.

YOU WONT.

Cutting your morning coffee, buying chicken instead of beef, and getting Coors Light at the bar will not do a single difference for your success. Even by doing the math, the most that you will save is about a hundred dollars per month. A penny saved is still a fucking penny.

Poor people are already pinching pennies, and the middle class lives modestly. The only thing which makes you rich is more MONEY. There is only one way to make more money and that is to develop your skills. With what money you already have, it is a higher and less risky return to invest in yourself than in someone else. When you put money is in the bank, you can’t use it. When you are buying stocks, you are investing in a business that you don’t control.

THE LESSON: Invest in Yourself

Wealth Is About Money

Wealth is all about VALUE and not only about Money. This is Why So Many Lottery Winners go Broke. Poor people who win the lottery are still poor; being wealthy is a personal trait. Wealth is the definition of having or creating a large amount of value. Unsuccessful people don’t have the skills to manage their resources and cultivate it. Regardless of whether you think that having more money is the means to success, it is not.

Look at the country of Venezuela. Everyone has a lot of money, but they are dirt poor. Their money has NO VALUE.

Money in and of itself has no value, it is a means of exchange.

What is Value? True value in wealth is your skills, your capital, and your resources. Money and capital are often terms used interchangeably, but they are not necessarily the same thing. Capital is a tool that you use to obtain a resource with great efficiency. A fishing rod is a piece of capital. You use the fishing rod to catch fish, your resource. Your mind, your skills, your hands are also “capital”.

Being wealthy means having a lot of fishing rods and the potential to catch a lot of fish. Being wealthy means being the FISHERMAN. Not the consumer.

THE LESSON: Be the Fisherman

Wait And It Will Come

We have all heard the advice:

“Invest In Mutual Funds”

“Invest in a Home”

“The Market gains over time”

Ladies and gentlemen, this is all BULLSHIT.

Now, I am not telling you to not do these things. They are an important step to building a mildly comfortable lifestyle. With consumer debt at an all time high, a boom and bust cycle which occurs every ten or so years, it is predictable that your money will be WORTHLESS over time. When you need it, the Dow will be Down, when you want it, the market will be in a “slump”, and when you least expect it, the market will crash. It is not a matter of “if”, it is a matter of “when”.

With this in mind, many of my readers are from the United States. We are the richest country in the world. But you have all heard the saying: Don’t Put your Eggs in One Basket.

So why are we all investing in these accounts and funds located in America? We are no more Vulnerable than Mexico, nor less prone to Stagnation as Canada. Plant your flags in many different places, and become robust to the unexpected. It can occur anywhere.

Yes, I am talking about placing investments in foreign countries. But keep in mind it is not all about Money. Your Money is still Money, prone to devaluation whether in America or abroad. Travel abroad, and gain cultural insight, experiences, and connections in places where you want to diversify. With an ever connected world through the internet, National Identity is Dead. While it is difficult to gain access to opportunities in foreign countries, with the advent of the Internet, remote work is ever more common, the Nomadic Minimalist lifestyle is a common place trend, and smaller countries are opening up to foreigners in rates never seen before. Opening a foreign bank account is easier than ever before, and it is not a bad idea to marry (if you can AFFORD to Marry) a foreign spouse.

You can become an e-resident of Estonia for example.

THE LESSON: Don’t Put Your Eggs in One Basket

 

Credits and References

F.U. Money: Make As Much Money As You Damn Well Want And Live Your LIfe As YOu Damn Well Please!

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