Posts Tagged ‘free’

Free of Cost?

Posted: July 16, 2018 in Money Matters
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“The cost of ‘free’ is usually expensive.” -P.J. O’Rourke

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“Traditionally, inflation has been defined as ‘an increase in the amount of currency in circulation’….   Unfortunately, in recent decades, even dictionaries have been offering a revised definition of inflation, as ‘an increase in the price of goods and services’….

The purpose of bank-created inflation is to extract wealth from the populace.  By regularly increasing the amount of currency in circulation, banks create an environment in which the concept of debt appears to be beneficial. As a result, virtually everyone in today’s society not only has debt; he actually believes that he couldn’t improve his life except through debt….  In essence, the inflation concept was invented by banks as an invisible tax—a means by which they could extract wealth from the populace.

In effect, the individual is used by the banking system as a milk cow. For his entire working life, inflation is carefully adjusted to extract as much monetary value from his labours as possible, whilst still leaving him capable of continued production….

Refuse to borrow money for any situation. Yes, it will mean that, as your friends show off their new cars, you’ll be driving an older model. They’ll also live in nicer houses than you and they’ll ‘own’ their own house before you do. But, at some point, since you’re free from debt, you’ll pass them by and eventually retire well.

By understanding inflation, and acting on that understanding, the odds of living your life as a milk cow can be greatly diminished.”

-Jeff Thomas

Banks are keeping billions of dollars from Americans…  Right now, according to the Financial Industry Regulatory Authority, about $350 billion is sitting in brokerage accounts earning an average of 0.12%. That’s about $420 million in interest.  But if all those people with that cash just sitting there moved it to an account earning 1%, the interest earning soars to $3.5 billion a year.  That’s like leaving nearly $3.4 billion in free money on the table.  Make your money work for you.  Stop letting these banks steal your interest.” -David Eifrig

“Getting money without working for it is probably more often a detriment than a boon to civilized behavior….  But Bell [Clive] is completely mistaken if he thinks that free money alone, handed out to the mob, will bring a more enlightened, more literate, and more sophisticated society.  Instead, it will make us poorer in every way – economically and socially.  And culturally.  It will be a disaster.  It’s work, challenges, and struggles that give meaning to our lives, not money.” -Bill Bonner

Future Income

Posted: March 11, 2017 in Money Matters
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“Money saved generates future income.  Income is what sets you free.  And freedom is what truly makes us happy.” –David Eifrig

“Have you quit on yourself?  It’s that time of year when most folks give up on their New Year’s resolutions.  According to a survey from the University of Scranton, after one month, 46% of people have already quit working on their resolutions. 

And among the top resolutions is to start exercising.  I want you to walk.  Walking is easy, free, and just about anyone can do it.  Even better… walking helps you live longer.  A brand-new study from the U.K. showed that substituting 30 minutes of light activity, such as walking, for 30 minutes of screen time, cut risk of early mortality.

If you feel like you’re in a slump or have a problem with the blues, get out and get walking.” -Dr. David Eifrig

Life Choice

Posted: January 22, 2017 in Thought for the Day
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“Are you taking orders from the masters?  Every day, I wake up and choose to stay free.  To work on what I want to work on.  To play when I want to play.  I choose to live the life I always dreamt I would live.  Today you have to choose too.” –James Altucher