Espiya Newstand (Current Events, Classifieds, Events) > Current Discussions
Asset Vs. Liabilities - Why the rich get richer and the poor get poorer
TobleRONe:
its just perspective. kung sa tingin mo pay yourself first, that's your perspective.
sa tingin ko naman maging kuripot or just simply save.
both end result... you'll still have saved some money.
=====
sa mga mahihilig naman magspend, sa tingin ko, dapat they know how to say no.
no, i'm not going to buy a new gadget/phone. since my old phone still works.
no, i'm not going to buy new shoes. since yearly my brother in law sends me new shoes.
no spending too much on gimmicks.
no buying of unnecessary things.
A7x:
Kurabo is correct, proper planning or goal setting is a must if you want to change your financial status. I just want to share something I'm using right now to raise a capital..Not to brag or anything pero I hope maka tulong sa hindi pa naka rinig.. Basic lang po sya pero effective.. I heard meron 80/20 rule at meron din 70/30. I'm using 70/30 right now and at first I was hesitant pero after 6 months I was surprised sa na accomplish ko. Ang ibig sabihin nang 70/30 ay sa 100% income ko every month I set aside the 30% I even break it down to 10% kasi gumawa ako nang 3 savings ang first 10% sa retirement savings ko ang 2nd sa investment savings (I play with this money to buy assets so even if I lose it I still have my retirement savings intact) 3rd is sa church. Ang remaining 70% naman ay budget ko na sa bahay, kuryente, tubig, atbp.. Nung una kinukulang ako kasi maraming utang pero I used it as motivation na humanap nang extra income na part time to compensate. after 6 months na feel ko yung effect nya I hope tuloy-tuloy na sya.. gaya nang sabi ni toblerone its all in the mind..
geshpenst:
even if the poor and middle class buy/get assets, they will still not get to the level of the moderately rich. why?
ASSET MANAGEMENT.
laws are ever changing to suit the pockets of those in power. real estate brokers for example: instead of any 4-year course grad, they will now instill it's own course! as in you will graduate from college as a real estate brokerage grad! akalain mo nga naman: rerenta ka lang, kelangan pa ng middleman(aka the broker). dagdag gastos.
don't think about where the line is drawn (aka poverty line, financially educated, etc.), think about WHO draws the lines!
-Nassim Nicholas Taleb
peperahan lahat ng pwedeng perahan. that's the motto of the upper-class and those in power. and (for some)their kids are educated early by their parents' examples and seeing it suceed. see the TRAPOs (traditional politicians). that's the difference between the upper/elite class and everyone else. ika nga sa OUTLIERS, they have reached over 10000 hours of schooling in financial and asset education, iba ang pananaw nila tungkol sa pera and power.
see those who teach "financial education": they get their money from teaching others how to make money... ::laffman
whether their student succeed or fail, wala na sila dun, they still get their money. smart, di ba?
A7x:
--- Quote from: geshpenst on September 23, 2014, 09:58:18 am ---even if the poor and middle class buy/get assets, they will still not get to the level of the moderately rich. why?
ASSET MANAGEMENT.
laws are ever changing to suit the pockets of those in power. real estate brokers for example: instead of any 4-year course grad, they will now instill it's own course! as in you will graduate from college as a real estate brokerage grad! akalain mo nga naman: rerenta ka lang, kelangan pa ng middleman(aka the broker). dagdag gastos.
don't think about where the line is drawn (aka poverty line, financially educated, etc.), think about WHO draws the lines!
-Nassim Nicholas Taleb
peperahan lahat ng pwedeng perahan. that's the motto of the upper-class and those in power. and (for some)their kids are educated early by their parents' examples and seeing it suceed. see the TRAPOs (traditional politicians). that's the difference between the upper/elite class and everyone else. ika nga sa OUTLIERS, they have reached over 10000 hours of schooling in financial and asset education, iba ang pananaw nila tungkol sa pera and power.
see those who teach "financial education": they get their money from teaching others how to make money... ::laffman
whether their student succeed or fail, wala na sila dun, they still get their money. smart, di ba?
--- End quote ---
Again, the answer goes back to becoming financially educated. Yes, you are correct the subject of money was never taught in school. School teaches you how to become an employee. "To work for money." "To work for the rich." The world is full of people na gusto makalamang nang kapwa yes, thats always given. But if you educate yourself, stop blaming the government or other people and start to take control of your life then you will find peace and financial freedom that you've been looking for. Sometimes, we let life pushes us into submission. Deep down we are terrified of taking risks. We really wanted to win, but the fear of losing was greater than the excitement of winning. Deep inside, you and only you will know you didn't go for it.
geshpenst:
--- Quote from: A7x on September 23, 2014, 10:52:22 am ---
Again, the answer goes back to becoming financially educated. Yes, you are correct the subject of money was never taught in school. School teaches you how to become an employee. "To work for money." "To work for the rich." The world is full of people na gusto makalamang nang kapwa yes, thats always given. But if you educate yourself, stop blaming the government or other people and start to take control of your life then you will find peace and financial freedom that you've been looking for. Sometimes, we let life pushes us into submission. Deep down we are terrified of taking risks. We really wanted to win, but the fear of losing was greater than the excitement of winning. Deep inside, you and only you will know you didn't go for it.
--- End quote ---
and that's the thing: WHO GIVES THAT "FINANCIAL EDUCATION"? what incentive do they gain from teaching "us" (aka the masses) ? what are they teaching? (aka are they leaving something out? leading us to another viewpoint that supports their motives?) why the hell should we trust WHAT THEY ARE SAYING?
that's the basic difference between the heirs and the ones getting their "financial education". the heirs do not just hear what their elders say, but WHAT THEY DO, HOW THEY ACT. and they've felt the consequences of those actions/decisions made by their elders (either positive or negative) in their daily lives before. compare that to a "financial education" student that learns in a classroom/hall during a seminar. a big difference.
i can teach you how to drive, but i cannot tell you what to do in a specific situation unless I'M ALSO THERE. not 'was there', but ALSO THERE.same with that financial edumacation.... ::laffman
why the hell would they help you earn money..? unless THEY also NEED YOUR MONEY...
question is, are you guys going to that "financial education" getting the most bang for your buck? or in the end will just be screwed over?
learn the rules/laws, see the people themselves IN ACTION, is the best way to learn, and sadly not allowed by most who push "financial education"... smoking::
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