Here"s What Has Happened In The Last 30 Years And Why You Shouldn"t Borrow Money
When Regan came into office the wealthy got tax breaks in hopes that they would spend their money here instead of the government spending it for them.
During this time we've seen gas shortages as well as rising gas prices, high unemployment, massive lay offs, and the top executives earning more money so that their pay compared to that of their workers grew by a margin of 600% or more.
During this time the number of credit card holders grew exponentially as Americans were encouraged to stimulate the economy by getting credit cards and spending more than they were making.
They were also encouraged to get loans for school, take out mortgages, refinance and borrow money to pay for necessities as workers pay was reduced, more production was demanded, and our wage increase has only risen about 2% while the top executives of the company consumed more of the profits, gave themselves bonuses, and are paid as much as 30- 100 bottom workers yearly salary.
With the lower classes reduced wages, the increase of debt from bad money management, and psychologically manipulating advertising designed to get you to buy against your will fast food companies grew, employee turnover rates sky rocketed, and places like McDonald's demanded more of their employees and got by with it because most of the employees had bills they could barely afford along with children they could barely feed.
American's stress grew exponentially driving most people to seek out short term methods of dealing with their problems in the form of drugs, alcohol, sex, self mutilation, shopping, eating and because of this pharmaceutical companies began to see increased profits and the demand for cardiologists and cancer treatment wards grew as well.
More and more people graduated from college causing a degree inflation where there are so many people with degrees now that the value of a degree is decreasing and the cost of tuition continues to rise.
We were told to go to college and get an education so we could get good jobs and now we've reached a point where there are so many people with degrees that the good job is becoming harder to get with more people holding the same degree applying for it.
So don't go to college on borrowed money and if you can't don't go at all.
You're not missing out and as Matt Damon said in Good Will Hunting "you just spend a hundred grand on an education you could have gotten for a buck fifty in late fees at the library.
" A lot of wealthy people never went to college and you do not need a degree or a diploma to run your own business.
Do not get a credit card and if you do use it to purchase assets and the same applies to loans.
Unless you're using that money to make money don't borrow it because that 5,000 you borrowed could very well end up costing you 50,000 or 100,000 in penalties, late fees, and variable interest rates.
Plus the interest, late fees, and over limit fees will grow exponentially and before long your minimum payment will rise until it's half of your paycheck.
If you have a savings or checking account with them you'll see less than 5% while they charge people 30% interest if they miss one payment.
The moment you sign that contract you give them power of attorney and they will use the law to secure their profits.
The law doesn't function primarily to prosecute criminals any more but rather to enforce the contracts made between companies and private citizens who coerce you into signing away your liberty.
The only way out is to manage your money better, spend less than you earn, become a smart investor, purchase assets, and become wealthy yourself and if you should become wealthy don't get greedy but help those below you and treat your employee's better.
If you made 3 million yourself this year live off the interest and share the profits with your employees while you invest and purchase assets.
The CEO of Ford this past year only took $1 in profit and encouraged others to do the same because he was all ready wealthy and managed his assets well.
The owner of McDonald's could pay his employees better and give them profit sharing because he's become wealthy from real estate too but he doesn't do it.
The shroud of the dark side has fallen and greed rules but don't let that stop you.
You could be so much more but you gotta take action right now and get rid of all the unnecessary purchases from your life right now.
Manage your finances and purchase assets and invest.
It's the only way.
And remember borrowed money is only good if you're using it to make money.
One more thing your homework for this week is to go somewhere to eat and anonymously pay for a poor families meal or to anonymously take care of someones debt.
If you can do that you're well on your way to shaking greed's hold on you.
During this time we've seen gas shortages as well as rising gas prices, high unemployment, massive lay offs, and the top executives earning more money so that their pay compared to that of their workers grew by a margin of 600% or more.
During this time the number of credit card holders grew exponentially as Americans were encouraged to stimulate the economy by getting credit cards and spending more than they were making.
They were also encouraged to get loans for school, take out mortgages, refinance and borrow money to pay for necessities as workers pay was reduced, more production was demanded, and our wage increase has only risen about 2% while the top executives of the company consumed more of the profits, gave themselves bonuses, and are paid as much as 30- 100 bottom workers yearly salary.
With the lower classes reduced wages, the increase of debt from bad money management, and psychologically manipulating advertising designed to get you to buy against your will fast food companies grew, employee turnover rates sky rocketed, and places like McDonald's demanded more of their employees and got by with it because most of the employees had bills they could barely afford along with children they could barely feed.
American's stress grew exponentially driving most people to seek out short term methods of dealing with their problems in the form of drugs, alcohol, sex, self mutilation, shopping, eating and because of this pharmaceutical companies began to see increased profits and the demand for cardiologists and cancer treatment wards grew as well.
More and more people graduated from college causing a degree inflation where there are so many people with degrees now that the value of a degree is decreasing and the cost of tuition continues to rise.
We were told to go to college and get an education so we could get good jobs and now we've reached a point where there are so many people with degrees that the good job is becoming harder to get with more people holding the same degree applying for it.
So don't go to college on borrowed money and if you can't don't go at all.
You're not missing out and as Matt Damon said in Good Will Hunting "you just spend a hundred grand on an education you could have gotten for a buck fifty in late fees at the library.
" A lot of wealthy people never went to college and you do not need a degree or a diploma to run your own business.
Do not get a credit card and if you do use it to purchase assets and the same applies to loans.
Unless you're using that money to make money don't borrow it because that 5,000 you borrowed could very well end up costing you 50,000 or 100,000 in penalties, late fees, and variable interest rates.
Plus the interest, late fees, and over limit fees will grow exponentially and before long your minimum payment will rise until it's half of your paycheck.
If you have a savings or checking account with them you'll see less than 5% while they charge people 30% interest if they miss one payment.
The moment you sign that contract you give them power of attorney and they will use the law to secure their profits.
The law doesn't function primarily to prosecute criminals any more but rather to enforce the contracts made between companies and private citizens who coerce you into signing away your liberty.
The only way out is to manage your money better, spend less than you earn, become a smart investor, purchase assets, and become wealthy yourself and if you should become wealthy don't get greedy but help those below you and treat your employee's better.
If you made 3 million yourself this year live off the interest and share the profits with your employees while you invest and purchase assets.
The CEO of Ford this past year only took $1 in profit and encouraged others to do the same because he was all ready wealthy and managed his assets well.
The owner of McDonald's could pay his employees better and give them profit sharing because he's become wealthy from real estate too but he doesn't do it.
The shroud of the dark side has fallen and greed rules but don't let that stop you.
You could be so much more but you gotta take action right now and get rid of all the unnecessary purchases from your life right now.
Manage your finances and purchase assets and invest.
It's the only way.
And remember borrowed money is only good if you're using it to make money.
One more thing your homework for this week is to go somewhere to eat and anonymously pay for a poor families meal or to anonymously take care of someones debt.
If you can do that you're well on your way to shaking greed's hold on you.