Posts Tagged ‘Wealth’

Wiped Out

Posted: November 20, 2018 in Money Matters
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“There’s no point in building wealth during good times… only to see it wiped out in a financial crash.” -Chris Lowe

“Money is not wealth.  Wealth is goods and services.  Money is the medium of exchange whereby we acquire wealth.” -Dr. Paul Cleveland

“Persistence and self-reliance that are keys to professional success and building wealth over a lifetime….

Every bit of wealth you save earns you more freedom….

Taking responsibility means understanding where your money comes from, where it goes, and how to put it to work. And it means building up the kind of wealth that helps you sleep well at night and have the freedom to make the choices you want to make.”

-David Eifrig

“Be careful how you measure success. Or happiness. Or wealth. Or goals…. Maybe the most important rule, though, is this: Be the most successful person at being you.” -James Altucher

Money Value

Posted: August 28, 2018 in Money Matters
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“The value of money – or more specifically wealth – is the freedom it grants you. Everything else is nonsense.” -David Eifrig

“Persistence and self-reliance are keys to professional success and building wealth over a lifetime.” -Dr. David Eifrig

“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