 |
PM |  | |
Quote | | |
Reply | | |
Full Topic | |
| Joined: | Mon Nov 21st, 2005 |
| Location: | California USA |
| Posts: | 6399 |
| Status: |
Offline
|
| Mana: |    |
In a word; greed.
The sky is falling.
Whoever is under it: beware.
Whoever is not under it: profit.
If you don't know if you are under it, then, it may be a good time to find out.
The sky is made to fall – by design. If people wise up, then, people will design something better.
If you the reader are worried and confused, then, please consider a simple rule – if you produce more than you consume, including the consumption called interest payments - if you earn more that consumed, then, you can get out from under the falling sky.
This is really very simple. Earning more than consumed proves that you increase the total supply of wealth in the world currently. The problem (the falling sky) is an accounting error. You may be blamed for the accounting error. That is secondary. If you earn more than consumed, then, you add more to the world’s wealth.
Example: If your surplus earnings are now going into a 401K savings plan, then, you may be under the falling sky.
What would happen if you could take that money and pay off your mortgage?
This:
A. If 401K money vanishes, then, you are not affected by that loss because you cashed in before the crash.
B. If you pay off your mortgage, then, you no longer have to pay a mortgage payment and you don’t have to pay mortgage interest every month while many people lose their homes since they can’t pay those payments.
C. You have a home to sleep in.
D. You could rent out a room in the house for extra income
E. If your job is under the sky and it folds, then, you don’t have to come up with the mortgage payment or interest.
F. You have more time to spend looking for work.
G. You are independent from the power of mortgage debt.
There are reasons why the 401K program was written in a manner that penalizes anyone removing those funds before retirement – anyone except the people holding those funds. Those people may remove those funds when those funds are invested poorly. Who profits?
Who needs to beware?
http://www.perfecteconomy.com/index.html
http://www.globalideasbank.org/site/bank/idea.php?ideaId=904
http://video.google.com/videosearch?q=money+masters&hl=en
http://video.google.com/videoplay?docid=-4312730277175242198
http://video.google.com/videoplay?docid=7374585792978336967
Investing your earnings is your responsibility; be accountable.