Tag Archives: wealth

UPDATED NEW QUOTE BY ULDIS SPROGIS 1602!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 1471!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 1177!!!

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SOME IMPORTANT LIFE LESSONS!!!

Most of the lessons were pretty spot on but they omitted the importance of selfeducation on almost a daily basis to make improvements in your life and present circumstances. Other than this important point the presentation was comprehensive enough. If you want to improve yourself and make some sacrifices for a better future then search and read my blog articles and maybe some of my books which might interest you. Best wishes. Uldis

If you are young and still dream of making it big wealth wise here is a video which will prepare you for some of the sacrifices which you may have to make in life.

If you liked this evergreen truth blog then read more of them, about 4400 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 964!!!

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If you liked this evergreen truth blog then read more of them, about 4000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 912!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 833!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 526!!!

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If you liked this evergreen truth blog then read more of them, about 3500 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 362!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 337!!!

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If you liked this evergreen truth blog then read more of them, about 3200 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 288!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 236!!!

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If you liked this evergreen truth blog then read more of them, about 3100 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 231!!!

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If you liked this evergreen truth blog then read more of them, about 3000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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UPDATED NEW QUOTE BY ULDIS SPROGIS 240!!!

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If you liked this evergreen truth blog then read more of them, about 3000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT OSTENTATIOUS+

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Ostentatious: adj. displaying wealth extremely and inefficiently trying to impress

Conspicuous consumption is an example of ostentatiousness but great ostentatiousness is a wedding costing millions of dollars or having more than twenty luxurious residences all over the world.

Ostentatious humans spend money extravagantly and foolishly trying to impress others and it is a habit which lands most in financial bankruptcy sooner or later.

If you liked this evergreen truth blog then read more of them, about 1900 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT PROMOTION+

promotion

Promotion: n. motivating and helping a subset(s) to grow in importance frequently by increasing (rank and/or privilege) and/or wealth

 

Getting promoted means that you have become more important and that is reflected in an increase in rank, the acquisition of a privilege, or an increase in salary or commission.

In school grade promotion is a bad example of being promoted for achieving a minimum standard of learning skill even though the reality is often that you are being promoted merely because you have had another birthday and are older by a year.

Unless you have achieved a top rank not being promoted for a very long time frequently means that you have ceased to grow in your job and are stagnating or doing the same basic thing year in and year out. Not everyone craves promotions because with a promotion frequently comes more responsibility and more stress which some humans just want to avoid.

Product promotions or ad campaigns are designed to increase product importance in the market place.

If you liked this evergreen truth blog then read more of them, about 1900 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT PROFLIGACY+

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Progligacy: n. using very inefficiently and relatively in great quantity a subset(s) suchas natural resources and/or money

Profligacy basically means inefficiently wasting too much money and natural resources on trivial rather unimportant things or wasting too much on things that you want and don’t really need. The United States is a profligate throw away nation and the result is growing irresponsible behavior which causes pollution, environmental damage, and human relationship damage.

We are not careful with our possessions and that includes an increasing difficulty in maintain good human relationships because we don’t value the right kind of relationships but consider them throw away relationships also.

Recycling is only a partial solution to profligacy and we must learn to live sustainable efficient lives. Scarcity naturally encourages thriftiness and efficiency. Where there is abundance and wealth profligacy is often a natural tendency which is hard to reverse unless a crisis situation is reached which puts an end to profligacy.

Great credit card debt and governmental debt is an example of profligacy which eventually threatens to bankrupt many personal and then national finances.

Governments which encourage financial profligacy are doomed to have a massive harvest of irresponsible profligate citizens with most eventually doomed to live a life of poverty and misery.

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT STATUS+

StatusLogo

Status: n. rank and relative position within that rank and the degree of influence on others

You can have the rank of actor but there is a big difference in a popular celebrity actor and one who is barely making a living at it and is forced to take on other menial jobs to survive financially. You can be a high status actor or a low status actor within your actor rank or classification.

When you have high status then you can surround yourself with high status friends and material possessions commonly found among successful humans. You can also have high status, not too many high status friends, and live a relatively humble or moderate existence with an average car and house and nothing outstanding. Most humans function somewhere in between those two extremes of flaunting your status or not flaunting it at all.

There are also status conscious humans who have low status but think that it is appropriate to surround themselves with the better things in life and frequently go into great debt trying to live up to those unrealistic high status standards.

The term status symbol is frequently associated with something very expensive or exclusive. Awards for achievement and membership in exclusive clubs are frequently highly valued by status conscious humans. If you stand out from the crowd in some special way then you have greater status than someone who does not stand out from the crowd.

In society reputation and integrity are very important and frequently those with an excellent reputation and integrity are the ones which also have the highest status even though much money sometimes is a leading indicator of status within societies.

Humans are frequently confronted with the dilemma of making much money deceptively in the short run or making a reasonable amount of money without severely exploiting others. Businesses are constantly confronted with the moral dilemma of putting the most emphasis on the bottom line or short term profit or satisfying a customer base in the long duration and making a modest short term profit.

Brand loyalty is much coveted by businesses and it is a status symbol in the business world which frequently stands for the good reputation of a highly desirable useful product or service.

Wanting power, pride, and wanting to be better than others are the motivating factors which promote the quest for status. Greater status is frequently conferred upon what could be considered the dominant humans in society who frequently serve in rather prestigious leadership positions within that society.

 

If you liked this evergreen truth blog then read more of them, about 1300 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT AMBITION***

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Ambition: n. setting of a goal(s) with an intense desire and it is usually a goal(s) with a relatively great importance in society.

Many humans confuse ambition with making and achieving any goal such as owning a big house, luxurious car, yacht, traveling to many places, seeing interesting events in different countries, doing different sports, or in effect making a bucket list of things to do and trying to do them all. This abundant activity is really not true ambition but doing a large quantity of rather mundane things in your life which other humans with enough money can also do relatively easily.

True ambition for humans with great memory for names and events is making loftier goals, setting your sights high, and trying to achieve prestigious leadership positions in politics, business, military, religion, and relatively big organizations such as non profits. Those who have a very good memory and ambition can aspire to excelling in careers such as medicine, law, science, engineering, computer science, and acting.

Too many are delusional and aspire to celebrity status in the media and music. Some humans just want to ambitiously make much money and rather quickly so they try to get a prestigious position on Wall street or try to become a leading banker.

Many are very ambitious with little inborn talent or average memories and think that through hard work and persistence that they will achieve their lofty goals only to discover a sea of disappointment, failure, and premature burnout. You can become a leader in a big pond or a small one and if you feel that you don’t have enough natural talent to make it nationally or internationally then settle for becoming a leader locally.

The fascinating truism about ambition is that when you achieve your goals you are never satisfied and want more success or even greater prestige or celebrity status. Historically great conquerors and leaders unsatisfied with their great achievements and power tried to become immortal gods and failed miserably. Our true ambition would be to live forever and knowing that this is impossible we hope that our celebrity is so great that future generations will remember us forever for our achievements.

Even greatly propagandized written works like the bible and other religious works will not live forever except perhaps on some digital storage device out of reach for most in the general public.

The archaic written word or language is changing and religious writings need some serious updating if they are to keep their relevance in the 21st century.

 

If you liked this evergreen truth blog then read more of them, about 900 so far, and one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT SACRIFICE

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Sacrifice: v. to extremely attach to a goal(s) which frequently causes an extreme decrease in the variety of personal goals and/or a large change in material wealth

Sacrifice means ignoring many desirable personal goals in the pursuit of one or relatively few other goals such as extreme wealth and/or professional success.

Altruists are not the only ones making personal sacrifices to achieve their primary goal.

Many leaders and celebrities sacrifice family, close friendships, and relatively mundane pleasures for leadership or celebrity success.

Working hard to acquire new skills and knowledge seems like sacrificing a life of leisure and indulgence for many but to the hard workers it is means opening up new possibilities for future beneficial opportunities.

If you are not ignoring important things then you are not sacrificing them and if you are ignoring trivial things then sacrificing them is almost an obligation.

If you liked this evergreen truth blog then read more of them, about 900 so far, and one or more of my evergreen truth books, especially  COMMON SENSErays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT LUXURY

Luxury-Homes

Luxury: n. an expensive sensory experience(s) and/or a subset(s) which frequently also implies the relative rarity of the experience(s) or subset(s) and it frequently is not a necessity

A luxury is not a necessity but that still does not keep some humans from desiring it intensely. We frequently envy or dream of having what we don’t or can’t have and luxurious products such as designer clothes, mansions, yachts, airplanes, and expensive cars are high on the list of desirable things which some humans deeply crave.

Luxury is a status symbol for many who view it as a symbol for successful rich living and that is why it has so much allure.

Con artists frequently use luxury items as a background for their con games misleading investors into thinking the con scheme is a big money maker when in fact it is only a luxurious front designed to cheat you out of your hard earned money.

If you liked this evergreen truth blog then read more of them, about 800 so far, and one or more of my evergreen truth books, especially  COMMON SENSErays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT GREED

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Greed: n. desiring selfishly and frequently classified as the accumulation of excessive amounts of possessions and/or money for personal use

A greedy human can be a poor human who is excessively selfish and thinks primarily only about personal gain. True greed is frequently associated with humans who have succeeded in accumulating vast wealth and tend to keep it all to themselves for their own personal benefit.

Perhaps the greediest of all individuals are the Ponzi con artists who con humans out of their money and give nothing in return while living very luxurious lifestyles.

Another example of excessive greed is technological internet start up companies which show almost no profit and grow excessively in value for a short duration only to result in eventual bankruptcy without benefiting the committed investors.

Wealthy business humans making a profit providing necessary information, goods, and services are usually not that greedy because they frequently benefit other humans who have profitable relationships with the business so there is mutual benefit.

Big money or great power tends to corrupt individuals who get greedy and want to make even bigger amounts of money and have greater power with unjust monopoly actions or lobbying government for unjust special interest legislation.

Excessive greed is also destroying the biodiversity of the food supply and wilderness real estate which is very tragic because the long duration survival of humanity depends on the conservation of biodiversity. Just laws are necessary to reduce the devastation brought on by excessive human greed.

 

If you liked this evergreen truth blog then read more of them, about 800 so far, and one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT POLYGAMY

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Historically polygamy was acceptable for wealthy ruling monarchs or more accurately top leaders and it was an excellent way of reproducing talented offspring for the next generation of rulers. It also was an excellent way to avoid adultery and promiscuousness because instead of being promiscuous or adulterous you could just marry your next infatuation. Even in the modern age some Arabs are polygamous and they are carrying on an ancient acceptable tradition.

The only disadvantage of polygamy is that the money power in the world could potentially be once again in very few hands and some of the power would be transferred as inherited wealth to humans who don’t deserve it or have not worked for the money and are really undeserving corrupt manipulators or spenders of it. Inheritance based on merit would not apply in many cases and a new immoral generation of incompetent rulers could potentially arise. It should be the responsibility of the wealthy male to determine who the most deserving of his offspring should inherit his wealth and it need not be the first born but rather the most meritorious one or two or three.

Polygamy should be legalized in the west for very wealthy males with incomes in the many millions or billions so that they can reproduce potentially talented offspring for the benefit of future generations. In case of divorce which may be relatively frequent in the west, they should be required to set up an escrow account with the government so that the divorced women and offspring would not have to go on government welfare but would be financially provided for.

Not so obvious is the fact that most common humans should be monogamous and not be polygamous because in case of a divorce or financial breakdown there would be many divorced women with offspring without alimony payments all going on government welfare at taxpayers expense.

With a social incentive to become rich and legally be polygamous many males would be motivated to make much money and then they could brag about how many wives and offspring that they have and not how many airplanes, yachts, mansions, and cars that they have. Put your money where it counts the most, in the next generation of humans with excellent memories.

Yes, there will be many talented writers, scientists, business humans, and technologists who will never be very wealthy and should theoretically all reproduce with many wives and offspring but life is not fair or just and only an enlightened society will be able to judge talent objectively and not subjectively.

There is primarily only one objective measure of talent and that is how good a memory you have which means that you can learn information and skills at an incredibly fast pace. Yes, there are idiot savants but those are the few exceptions to the rule that excellent memory is a primary need.

There are many humans with high IQ’s doing some pretty stupid things so IQ alone should never be used to judge how smart and talented an individual really is. A lifetime is ultimately the determiner of how smart and talented you have been and no subjective culturally biased test of mental ability will predict how smart or talented you will be in life. Excellent social skills are frequently more important for leaders than book learning and scoring high on a standardized test.

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THE TRUTH ABOUT WEALTH

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Wealth: n. having (ingus and/or money) and/or having land with (plants and animals and/or water) and/or air

I am no expert on wealth because I am not wealthy but there are some truisms about the wealthy which I believe are true.

There are basically those who achieve wealth in their lifetime, those who inherit wealth, and most of us who have no hope of ever getting wealthy.

Those who inherit wealth may add to it but frequently a youth of luxury without hard work and learning useful skills in life leads to profligate spending as adults, shallow personalities, and many experience bankruptcy or a tragic life of failed relationships frequently accompanied by heavy use of alcohol and drugs.

Having too much free time on your hands and associating with bad humans who want the wealth which you have frequently leads to dysfunctional lifestyles for those who inherit wealth and have never really learned how to increase it or earn more wealth.

Those who earn great wealth are frequently interesting humans who have come from very poor or middle class families and have struggled to make it big. Some actually lose their wealth sometimes more than once taking on big risks but somehow manage to come back and earn much more wealth than the average citizen is capable of. A useful education, hard work, determination, taking occasional big risks, and the right social connections are frequently what makes self- made humans highly successful and wealthy in life.

In the past with a steadily growing economy it was possible to gain money or wealth steadily with relatively conservative investments of about 6% and become a millionaire at retirement age. Today with banks paying almost no interest on savings accounts, stocks being an uncertain investment in the long duration due to large corporations with minimal growth, with inflation eating away at the value of saved money, and little opportunity for small businesses to thrive, the common citizen has little chance of accumulating wealth during a lifetime and many decide to spend everything which they earn and live from paycheck to paycheck.

The wealth of the US is greatly decreasing with ever larger debt annually and many private citizens are also in great debt causing a precipitous decrease in the middle class as the rich get richer and almost everyone else is getting poorer and poorer.

The bad financial system of the nation which does not encourage thriftiness or conservative investments has created a system where getting wealthy is increasingly impossible for the average citizen. The emphasis on short term financial investment is threatening the very foundations of a long duration healthy economy.

Those who control almost all the wealth in the world are the international banks, international corporations, and billionaires who with the help of special interest legislation and laws are all getting wealthier at the expense of the middle class and the poor who are either working or are on welfare and buy goods and services promoting the rich.

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THE TRUTH ABOUT ECONOMICS

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Economics: n. knowledge corresponding to (production and/or consumption) and/or the transfer of (money and/or ingus) which is the addition and/or subtraction of money and calculating percentages of money transfers

Ingus: n. information and/or goods and/or services

A simpler way of understanding economics is to say that it is HOW WEALTH IS CONTROLLED BY MONEY AND LAWS.

Wealth: n. having (ingus and/or money) and/or (land with plants and animals and/or water) and/or air

 

Economic units controlling the wealth are plants, animals, humans, organizations, businesses, governments, and banks. The most powerful controlling units are the banks and governments but the most important economic units are the plants and animals upon which our ultimate survival depends.

Plants and animals are powerless economic units because they don’t control money but they do control energy, what money represents, and the land around them so biodiversity is vital to the survival of humans on the face of this precious planet.

Laws should provide for the just distribution of wealth between all the economic units. Bad laws or the absence of good just laws is the primary reason for the sad state of the world today because making more money alone is mostly worshiped and not worshiped is the just way that it should be used for the benefit of the world eco system.

Wilderness plants and animals are efficient thrifty non-polluting economic units utilizing the least amount of energy to survive and humans are the most inefficient profligate polluting units using the most energy or money to survive. It is time for humans to start living more efficiently with a morality which promotes biodiversity and radically reduces profligacy with efficient non-polluting behavior.

Teaching humans to be thrifty with fat reserves for emergencies or saved up money for emergencies is a dying good and vital habit but the economic system does not encourage thriftiness. Non thrifty profligate organizations, businesses, governments, and banks are operating without money reserves for emergencies and the consequences are that there is inflation with much counterfeit money circulating in the economies of the world devaluing the worth of money. Not being thrifty and efficient means no long range planning is possible for economic units and more and more of the economic units will be living in crisis mode on the verge of bankruptcy.

It may seem financially undoable but what the world really needs is a stable money supply which maintains its value over time. Competing governments with unique currencies with control over the quantity of money circulating makes it physically unlikely that the value of the currency can be maintained at relatively constant value worldwide unless all the currencies are identical. A uniform world currency is still a dream of the most powerful and rich worldwide but whether it will ever become a reality is still a big question mark.

Banks control the money supply with lending and the charging of an interest rate which concentrates wealth and power to lend more at a future date. A just world unified currency would be to lend money at no interest rate because you already have control over world currency and this would guarantee a more value stable money supply and encourage savings for the future in all the nations of the world.

The key to an economically healthy nation and world is a thrifty moral working family unit which lives within its means and produces wealth for the nation and world and raises competent offspring who also join the workforce so that future generations may benefit from the fruits of labor of the previous generation. Break up a healthy family unit and it leads to dysfunctional offspring who will not reproduce effectively and frequently become a financial burden on the nation and world.

 

China has no social security and the savings rate is the highest in the world for about 20% of the population but unfortunately the value of their currency is not stable with a high inflation rate and it will severely reduce the value of these savings. China has many thrifty family units and cohesive families and it is one of the primary reasons why it is doing so well economically. If the Chinese economic model becomes identical to the US which doesn’t encourage savings and the family units begin to break down then China will also begin to teeter on the edge of financial bankruptcy.

Economics is the study of production, consumption, and transfer of money and/or ingus in society. Money is either added or subtracted and percentages of money are calculated which basically is calculating interest or profit on money. Economic risk calculations are also done using percentages of money and supply and demand calculations or considerations.

Profit is a measure of economic efficiency but unfortunately economics and profit alone can be very stupid in determining the health of the food being produced or the quality and necessity of the ingus being produced.

Unhealthy food and bad quality ingus is possible if profit is the only standard of excellence used. You can make great profit from crappy food and bad quality ingus which can be consumed by a gullible public who doesn’t know the difference between what is sustainable and necessary and what is mediocre or bad quality wise.

A smartly educated informed public is vital to maintaining quality in the deceptive marketplace where illusion too often dominates in the pursuit of the mighty dollar and quick profit which often distorts good healthy long duration social norms and goals.

If you liked this evergreen truth blog then read more of them, approximately 700 so far, and one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

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13 LITTLE KNOWN FACTS ABOUT MONEY

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FACT: You frequently can’t tell a millionaire when you see him or her:

 

Most selfmade millionaires are not pretentious and don’t flaunt their wealth like those who inherit great wealth do to compensate for their absence of true personal achievement in this world. Most selfmade millionaires got wealthy by being frugal and tend to maintain a frugal personal lifestyle in public.

 

 FACT: It takes money to make money if you are an investor:

 

It takes money to make money if you are an investor but unfortunately most investments are money losers because there are few areas of the economy which are growing rapidly enough to return a profit greater than the inflation rate or the rate at which money loses value.

It is a smart move to invest some of the money which you are earning in real estate or land which historically keeps pace with inflation. You may not make a great profit on real estate unless there is another artificially inflated real estate market but at least you can feel secure in the historical fact that no one is making more land or real estate and that the chances are good that it will increase in value if you find a good location which is not in a city slum or close to a bad neighborhood.

 

FACT: You can save money without making much of it:

 

If you can’t save about 5 to 10% of your income on a regular basis, no matter what your income level, you will probably be living from paycheck to paycheck for the rest of your life because you haven’t learned to set financial priorities in your life and your wants will always exceed your needs financially.

My book HOW TO SAVE MONEY can help you greatly to get started on a thrifty secure life by getting rid of your bad money wasting habits which will only grow if you live from paycheck to paycheck.

 

FACT: You don’t always get what you pay for:

 

A large price tag does not always mean that you are getting the best product for the least amount of money. Pay too much for a car and it will wind up costing you more in repairs, gas, and maintenance in the long run. Buy an expensive home and you will waste much money on maintenance, taxes, and large utility bills.

Buy products cheaply which will perform the same utilitarian functions as the expensive items.

Only in food should you pay more for as much certified organic food as your budget can afford because it will translate into lower health costs in later years.

 

FACT: Money is frequently not the root of all evil:

 

You need the tool- money, for good or bad purposes or goals in life. If you LOVE money to the exclusion of other important things in life it can have very bad consequences in your life and could be called a means to evil ends.

Preoccupation with money almost all the time means that relationships with family and close friends will suffer and you will be tempted to con humans out of their money to get more of it for yourself. You will never be satisfied with the money that you have but will be wanting more to your last dying breath and you will never learn to share or give away some of that money to a worthy cause such as wildlife preservation or research into a cure for a serious human illness.

 

FACT: You should save some money for a financially unpredictable retirement:

 

Setting aside or saving about 5% to 10% of your income and avoiding risky investments like the stock market is the smart thing to do. You never know if you will lose your good paying job just before retirement and be forced to live on a greatly reduced social security check. It may even be the case that social security will go belly up financially in the not too distant future and you will be forced to live on even less than you anticipated early on in life. Because of a severely reduced social security check in the future you may have to leave the country and live in a third world country where the living standard is much lower and affordable.

 

FACT: You don’t have to be an expert before you get started with investing:

 

The internet and global monopolies are making most investments a crap shoot which just loses you money in the short and long duration. Stick with land and real estate investment but even here stay out of bad locations close to high crime rates and distressed areas in cities and towns and suburbs.

FACT: Money is frequently not the source of happiness for people above the poverty line:

Above the poverty line most people are roughly equally happy. Having more money generally translates into more debt and having greater expenses to take care of. Frequently problems with offspring exist who are spoiled by the money and have lost the ability to judge its true worth and don’t realize or understand that it takes much personal effort and financial knowledge to make and maintain much money.

Scientifically it has been shown that true happiness originates from living in the moment and doing things which make you feel that you are progressing in life such as learning something new or doing something worthwhile or doing something you like. Buying material possessions cause momentary happiness which speedily fades and can mislead you into impulsive shopping where you are trying to live a happy life with a potpourri of material possessions but wind up very unhappy and deep in debt.

Frequently immature and gullible celebrities gain early fame and can’t handle the stress and temptation of a party life and this frequently results in addiction to legal and illegal drugs, promiscuity, loss of selfrespect, and sometimes even premature ill health or even death.

FACT: A big income will frequently not keep you out of debt:

The wealthy generally have greater expenses and more debt accumulated for more luxuries. Unless they have money set aside for emergencies, they’re both a paycheck away from disaster.

Debt frequently rises with income with conspicuous consumption. What keeps you out of debt isn’t a high income or net worth. It’s not borrowing money.

FACT: Money will frequently not help you find true love:

Money will initially attract the opposite sex but if you are a shallow personality with little ambition, poor social skills, little smarts, little selfconfidence, and with a selfish large humorless ego you will not succeed in getting admiration or affection or loving devotion from the opposite sex.

If your personality is overly pretentious and you have inherited the wealth and not earned it then you may be victimized by a pretentious spouse who will try to get and/or steal as much of the money from you as they can get away with.

You will always be plagued by doubt. Does or did he or she want to marry me for my wealth or my personality?

FACT: Money will only sometimes let you meet interesting people:

The country club is filled with rich humans with inherited wealth who are vain, myopic, pretentious, and judgmental and are boring because they never had to overcome adversity which is what builds character and makes people interesting to be with. Humans who have never struggled in life are frequently shallow uninteresting personalities who are frequently boring to be with.

FACT: Money will frequently not buy close friendships:

Money will buy attention and many people who will want some of it for themselves by hanging around with you and not caring a bit about becoming true friends or humans which you can depend on in times of emotional need and sometimes financial need. Rich people frequently find that humans who they knew before they became rich are more reliable friends than people with dubious motives who befriended them after they became rich or celebrities.

Friendship based on compatible personalities is far more reliable than friendships based on what you can do for your new found friends. If you find any new friends after you become rich there is a large probability that they will also be rich friends who started from scratch and became rich themselves.

FACT: The world is filled with get rich quick schemes which don’t work:

Promises of making much money gambling, blogging, investing in risky stocks, starting an internet retail business, and working a few hours on the internet are all scams designed to part you with your money which may only be as little as a $25 investment toolkit or the cheapest penny stocks around.

A trusting sucker is born every second and there will always be con artists wanting to take advantage of this unfortunate fact by making claims which are too good to be true. Usually the fictions are in the form of promises that with very little time or money invested you can make outrageous profits or money. Beware!!!!!!

If you like this evergreen blog read more of them and read one or more of my evergreen books, especially COMMON SENSE.

Enjoy!!!!!!