Comments on: Robert Kiyosaki – New Rules of Money, Part 5/7: Good Debt Vs. Bad Debt

By: themuthasback

themuthasback — Sun, 25 Jul 2010 06:01:51 +0000

I get it… and you … I get it… and you know what? This is something that is never advertised when people sell the notion of the “American Dream”. The reality of the economy is that it’s built off of scarcity (plus) pyramid schemes galore. In an unbalanced socioeconomic system, the idea of “anyone can do it” is only half of the notion. “Anyone can get jerked like a mugg” is the other part of it. lol. But you seem to know these things already…

By: themuthasback

themuthasback — Sun, 25 Jul 2010 06:01:50 +0000

The ironic thing … The ironic thing about this (that irks me) is that there is really, truly a solution to offset intentionally-constructed unequal markets. Of course, it doesn’t help to be the only one of a few of the entire socioeconomic population who’re willing to “LIVE” it. If you had the FINANCIAL POWER to get involved in these Permabull-like activities (if it meant your “financial freedom”), would you consider it??? We’d have to answer that on our own….

By: themuthasback

themuthasback — Sun, 25 Jul 2010 06:01:49 +0000

Yes, religious, but … Yes, religious, but RIGHTEOUS!!!… Right on key!

By: lcbaudar

lcbaudar — Sun, 25 Jul 2010 06:01:49 +0000

@ themuthasback Yes … @ themuthasback Yes, I wonder myself. In the end there will be the blue and red pill. What is financial freedom but a never ending dependence on money itself. Money to represent trade, money to fuel our goals & aspirations, money to define our social class. And yet it is but money, paper and metal assigned a notional value. These objects bear nor deliver love. Like all other classes of species, we need not abide by the rules of money to enjoy the natural freedom of life. Sounds religious, eh?

By: themuthasback

themuthasback — Sun, 25 Jul 2010 06:01:48 +0000

I once shared with … I once shared with a professor of mine that both the rich man AND the poor man worries about money; the poor man worries about FINDING it, and the rich man worries about PROTECTING it. They are still both enslaved by the same game, experiencing the same “magnitude” of anxieties… Alas, do you know who’s FREE from the game in this kind of society??? The RETIREE (who keeps his daily “monetary expenses” LESS THAN his overall “monetary savings”). Kiyosaki, a RETIREE, attempts to show us how…

By: lcbaudar

lcbaudar — Sun, 25 Jul 2010 06:01:47 +0000

@themuthasback, … @themuthasback, Rofl. Yes I’ve heard of people on welfare expressing similar freedom, although I don’t exactly support the idea. What Robert is seeking to do is laudable given the few that will actually seek financial ‘gain’ from it. But he ignores the multitude of poor made poorer from it. This is best typified in his example of hedging gasoline costs by leveraging in oil. It might make him a profit, but it raises the gasoline price of every other user. How selfish. Poor dad would be ashamed.

By: themuthasback

themuthasback — Sun, 25 Jul 2010 06:01:47 +0000

…then, in the … …then, in the mean time, you may find CREATIVE WAYS to exit your life (your desires, your needs, your dependencies) from the monetary slave game, and let the rest of the uninformed / undisciplined world play that game all around you. Worry about YOUR freedom! If they don’t care to do the necessary work to be free, let “them” slave!… Can you see your financial invincibility? I… I…. I said CAN YOU “SEE” YOUR FINANCIAL INVINCIBILITY???!!!

By: lcbaudar

lcbaudar — Sun, 25 Jul 2010 06:01:46 +0000

You see Rich Dad … You see Rich Dad Poor Dad represented more than class struggle. It represented the glorification of money over ideals. Poor dad was a teacher helping educate. While Rich dad was a real estate developer. You want to INVEST in your community, build a school. Your profit – zero. Support your local church (Your profit – zero.). You want to make a PROFIT, lease out parking meters, give private loans at usury rates, out-source jobs to minimize overhead and escape emission regulations. Long live profit

By: lcbaudar

lcbaudar — Sun, 25 Jul 2010 06:01:45 +0000

@themuthasback Well … @themuthasback Well I don’t know about you, but I’m a product of my generation. Just another guy who bought into the multi level marketing scheme of real estate and how reading ’101 things rich people think’, won’t get you anywhere. Those people got rich selling books on ‘how to get rich’. Robert glazes over the true factors that strain our economy. The draining of capital from our labor into paper instruments that vanish in losses, creating no domestic investment in our standard of living.

By: themuthasback

themuthasback — Sun, 25 Jul 2010 06:01:45 +0000

Well, Ic, you seem … Well, Ic, you seem to have all the answers. The great thing about that is you’ll be very attractive to “lost souls”… When you stated “What is financial freedom but a never ending dependence on money itself”, it let me know that you have decided to only see the side of living that you WANT to see. I need not to attempt to motivate or educated you any longer. As long as you’re ok with your situ, that’s all that matters. Yet, each day you’re alive on this earth, you have a chance… to “SEE”…