The Death Of The Career Politician

Republican Senator Ted Cruz was a hit on the Jay Leno Show the other night with a few common sense observations that anyone with half a brain realizes.

Watch them here Ted Cruz

I am going to tackle an issue that I believe is way over due: term limits. We learned our lesson after FDR and added Presidential term limits. I think it’s about time we learn our lesson about Congress and term limit them!

Some pundits and talking heads will make the case for no term limits because “what if our side has a great politician in there?” Sorry, this always ends badly. The longer you stay in Washington and the longer you are away from “real life”, the more you stray from common sense.

This simply means that you have to run more decent human beings.

This will also benefit the country because more “good” people will want to run if they know the MOST they could even be in office is two terms, say.

On the flip side, it will discourage some “misguided” people who want to “get in” just to self-serve and save themselves and their family from all the destruction being driven by the political class. Just in case anyone didn’t know, the elites in Washington (President, Cabinet, Congress, Aides, etc.) don’t have to abide or follow many of the laws passed by THEMSELVES! Like the dreaded Obamacare just to name the most recent and pressing issue.

Who says that politicians are some special class of people? They do! Why are they exempt from laws they passed?

If the laws and regulations they pass are so amazing and will benefit the rest of us so much then why wouldn’t the Congress and the President want to abide by them? Hmmmmmmm……

Americans are sick and tired of the games being played in Washington. You are going to see many changes the rest of this decade. They will come in many shapes and sizes. One that must occur if we are to right the ship is congressional term limits.

NO MORE CAREER POLITICIANS!

Our Founders believed that service was just that, service. Not a place to grow comfortable and secure sweetheart deals and run the country in to the ground.

It is about time the people take back the country from the political elite before it is too late. There is a shrinking window of time where that is still possible.

Ted Cruz, Rand Paul and the like will lead this revolution that will galvanize many Democrats and Republicans, young and old, black and white. The simple reason being FREEDOM is something that both sides of the aisle can agree on. Enough said.

Education Is The Destroyer Of Slavery

This decade is going to prove to be very volatile. The world is teetering on the edge of a cliff. There are things you can do and there is hope!

You MUST get educated! That is the most important thing you can do. No one can tell you exactly what do. Each situation is different and you must educate yourself and devise your own plan.

The world’s demise could be your biggest opportunity!

Why Gold and Silver Are SO Important

This site is run by one of my favorite mentors, Mike Maloney. He is phenomenal at education and informing people about the upcoming storms.

You can find pretty much anything you need to know on his site. Plus he regularly talks about other people he looks up to and learns from!

Enjoy!

And The Next Crisis Is…

Its hard to say what the next financial crisis will be in this country. Will it be housing again? Commercial real estate? Or will it be Social Security or Medicare going bankrupt? Maybe the U.S. dollar collapsing or most likely the Japanese yen going bust?

I think there is a good argument to be made that it will be the pyramid scheme we’ll refer to as student loans.

The Next Crisis?

Our politicians wont let this happen because, you know, “it wouldnt be fair if someone couldnt go to school only because they couldnt afford it.” I mean we just heard the President say this again in another campaign speech earlier this week: “its not that we need equal results, everyone should have equal opportunity.”

I hate to break it to people but thats not life. You make your own breaks. If you are older than the age of about 10 you should have realized this. You level your own playing field or you dont. Its that simple. I would have loved to have Wayne Gretzky or Bobby Orr coach me my whole hockey career but its not that simple. You cant make life FAIR no matter how hard you try or how many government programs you scheme up.

They are going to try and make college free someday, MARK MY WORDS!

The President may mention it before he leaves office. I would put money on it actually.

Americans have to realize that they cannot have their cake and eat it, too.

You cannot be the most prosperous and free country on Earth and think you can still pay for everyone to sit home and produce nothing.

The printing of money will only get you so far, just ask the Romans! Our joy ride WILL come to an end if we keep traveling down this delusional “shared wealth” vision.

If it worked then America would have been modeled after every other country that existed prior, but it wasn’t. There is an excellent reason for that.

The Death Of The American Dream

Financial Education Blog

Why the Impending Financial Crisis is Creating a New America

Posted July 23, 2013  By Robert Kiyosaki

I believe that the American Dream is dying because many of us have lost our moral compasses. Our schools are not fulfilling the educational needs of our students, nor are they being kept safe. We see so many kids, especially from poor neighborhoods, who turn to street crime and violence.

Rich dad often said, “Needy people become greedy people. Greedy people become desperate people. And desperate people do desperate things.”

The greatest gift my rich dad gave me was showing me both sides of the Employee-Entrepreneur coin. He exposed me to the life of an entrepreneur and offered me an environment in which entrepreneurial thinking could thrive. Today, I do not need a job, a steady paycheck, money, bonuses, government support, or Social Security and Medicare.

Financial independence

The Rich Dad Company propelled Kim and me into financial independence. We do not need paychecks. We work because we love our work, sharing what we know so others can also grow and prosper.

While we make a lot of money, most of that money does not go into our pockets. Most of the money is spent on growing the company, investing in new and better technology, more people, and new product development. That is what true capitalists do.

But Kim and I are the exception, not the rule. Today, in America, we have a growing problem. People are becoming increasingly dependent on the government as the gap between the rich and the poor continues to widen.

The rich are getting richer

According to the Congressional Budget Office, the increase in incomes between 1979 and 2007 in the United States looked like this:

Poor: Income grew 18% over 30 years
Middle Class: Income grew 40% over 30 years
Rich: Income grew 275% over 30 years

Then in 2007, the bottom fell out when the boom went bust. Today, incomes for the middle class and poor have stopped going up, yet the rich seem to be getting richer faster.

In 2011, the number of Americans living in poverty grew to 46.2 million people. That translates to approximately 1 in 6 Americans who now live in poverty, and that number is growing. When a person has no property, they join the ranks of the poor and become dependent upon the government to take care of them. Oftentimes this leads to increased violence, both on the streets and in our homes.

Students on food stamps

Nearly 47 million Americans rely on federal food assistance benefits (food stamps), a 12-year high attributed to the weak US economy and high rates of unemployment over the last five years.

A lesser-known fact is that college students are among the fastest-growing segment of our economy to rely on food stamps. As tuition fees go up and financial aid opportunities vanish—and parents who were once a source of financial support have lost jobs or homes and become ineligible for college loans for their children—students have had to fend for themselves.

The next poor

Are teachers headed for the ranks of the poor?

In 2011, the California State Teachers Retirement System, CalSTRS, realized it faced a long-term deficit of $56 billion. A deficit is the gap between assets and estimated
liabilities.

CalSTRS collects $6 billion a year, but needs $10 billion each year to meet its obligations. A shortfall of more than $4 billion a year is a lot of money, especially for government bureaucrats who do not know how to invest or how to make money.

If the California teacher’s retirement plan goes bust, the taxpayers will be stuck with yet another massive bailout. Worst of all, millions of teachers will slide from the middle class and join the poor.

Again, repeating the words of John Bogle: “The whole retirement system…in the country is in, I think, very poor shape and it’s going to be the next big financial crisis in the country….”

The new America

All of these statistics translate to one thing: the American Dream of go to school, get a good job, buy a house, andinvest in a portfolio of stocks, bonds, and mutual funds is dying. Financial crises are creating a new America. Today, the middle class is disappearing and the gap between the rich and the poor is growing.

For some, this is discouraging. Many people choose each day to give up on their dreams and to be increasingly dependent on the government. They give up their freedom for security—though if CalSTRS is any indication, that’s not security at all.

In today’s new America, there are only two options: increase your financial education and learn to create your own wealth by playing by the rules of the rich, or become poorer and poorer and rely on the government and the rich to take care of you.

Which sounds more secure to you?

I fear our financial crises will only continue to grow. The rules of money have changed and you must adapt. Today, I encourage you to first come to grips with the new America and then to resolve to do something about it.

By increasing your financial education and starting a business or investing, you can set yourself up to thrive while others struggle to survive. Start today.

If You Take On Risk, You MUST Get Paid

Debt and risk usually go hand in hand. But making sure you are paid for taking risk is not always something one thinks about.

When most think of investing they think of RISK or GAMBLE.

This is not true with a financial education.

You can begin to see how the more investing and/or debt you use the more wealthy you can get.

By adding good debt (a rental unit that someone else pays the mortgage for) you can begin expanding and creating wealth.

If you are taking on a debt you MUST be paid for it. This is making profit in the acquisition of a deal rather than the sell of a deal. A deal must be profitable right away or it is useless. You cannot hope the market changes or that you might get renters. Everything has to be under control when you buy the property.

Same goes with stocks or any other asset class. Leveraging yourself, infinite returns and insurance on your assets is the name of the game.

Most will not take the time to become educated in money. It’s not important enough to them. If that is you, that is fine. But for those who take it seriously, there is a world of financial education waiting to be had.

The game is stacked against you. You can keep getting the game played on you or you can play the game. It’s your move.

Be Prepared

Preparation is something of a dirty word in certain areas of life, and other areas it is highly applauded – culturally speaking.

If you are buying home insurance or life insurance people will not bat an eye at you. Heck, buying car insurance is mandatory and you are in big trouble if you are found not to have any.

Then you hear people talk about money insurance or food insurance…wait, no you don’t.

Why don’t you?

The people who do talk about these things are often labeled crazy or “preppers”.

First, lets take a look at those terms and what they mean.

Food Insurance: is either storing canned food/dried food and water.

Money Insurance: is converting your fiat currency in to things of value like commodities – gold, silver, rice, grain, sugar, oil, etc..

If insurance is something that our society seeks – Medicare, Medicaid, Welfare, car insurance, home insurance, etc. then why are people who prepare to keep their money and stay alive shunned and labeled “crazy”?

To me, I believe it is something that the media and modern culture have rammed down our throats. They label people as “preppers” and extreme for actions that in the end will either directly save your life or protect and expand your wealth.

I believe we can find our answer in history as well. Government does what it can to seek power. They ALWAYS have and ALWAYS will. The people who generally seek those positions are people who want power and the government is a great way to take advantage of that. Fortunately, now, there are a lot of people who have sought office and will continue to seek office because of a calling to serve the people of this country and return it to the accountable and responsible government laid out in our founding documents.

Roosevelt did it, he sought power and won. Not by winning elections but by confiscating gold from the citizens. He brought the power to the federal government from the states possibly more than any other President in American history. He stole wealth and made people like it. The government increased its money creating capacity exponentially under Roosevelt, not to mention the social programs he constructed which we are feeling the effects of today like Social Security.

This is what government does effectively – steal your wealth and keep you dependent. I truly believe they ridicule gold and silver investors and food savers because they want you totally dependent on them. If everyone is prepared for disasters than who needs government? Government does not want that, that means less money coming in and fewer votes – less power.

That is why they always want to tax you more. Speaking of that, inflation is a constant tax. The government is stealing your wealth and many people do not even realize it.

America’s problem is our apathy and our memory. Most Americans don’t remember all the recessions our country has had nor do they believe any of these bad things we see happening all around the world can happen here. I hate to break it everyone but they CAN and they WILL if we continue to implement the same failing strategies.

This is exactly why it is imperative that people wake up and become prepared. We are on our way to $20 trillion in debt. Baby Boomers are just starting to retire and the programs they depend on for retirement are already on their way to bankruptcy, not good! The dollar has lost 95% of its purchasing power since Nixon took us off the gold standard in 1971. The Federal Reserve is approving Quantitative Easing (printing money) every month for the foreseeable future. Our credit rating will come in to question again as to whether we can make good on our debts.

The list goes on and on. That list is not good. That list should tell you a few things; you need to get educated and you need to get prepared. Find out what government is doing with the money you give them. Then you need to take action. The dollar will collapse, most likely in this decade.

What will you do about your money? Do you really think that paper assets are the way to go right now?

What will you do if a natural disaster hits or an economic disaster?

These are important questions to ask yourself.

Having car insurance, home insurance, and Medicare aren’t going to matter when you know what hits the fan. Get prepared and educated and start your path toward independence.

Get the insurances that you will really need. You will sleep better now and then!

Passive or Residual Income!

Passive and/or Residual income. You MUST add these words to your vocabulary.

To become truly wealthy one must add to their portfolio on a continuous basis. That means income coming from 3 different angles, then eventually just two different types of income.

Passive/residual is the easiest of the wealthy incomes. This is income that is coming in from assets every week/month without you having to do anything. It is often said that your true wealth is defined by the amount of a days you can live with no money coming in from a “job”.

The three types of income:
1). Earned/Ordinary Income – trading time for money
2). Passive Income – money coming in whether you “work” or not
3). Portfolio Income – your money working for your money

You must understand all three but passive will be your best friend in the short, medium, and long term. It is something that you should be actively learning about everyday.

Taking your paycheck and turning it in to passive income will help earn more and keep more. Doing things like starting a network marketing business or acquiring rental properties are some of the easiest and fastest ways to do this.

Who wants to work hard for their money their whole life? Why not have your money work hard for you?

You spend money 24/7 so why not make money 24/7. Earning a paycheck is fine. And that’s how you have to start. But, learn how to pay yourself before you pay the bills. Deposit that money in to assets that will give you cash flow or tax shelter.

The options are many and are greatly rewarding! Financial education is the wave of the future. We are entering unprecedented times like this country (and the world) have never before seen.

By giving yourself a financial education you are giving yourself a massive advantage compared to the 99% of people who don’t take time to educate themselves.

A Theory About Cyprus

This may be a month or so after the bank deposit raid that took place in Cyprus but it is STILL relevant because it hasn’t happened here yet, but will in due time.

I believe one of the big reasons it got such little media coverage in the western world is because that is the plan going forward here. The media dictates what they think the public can handle – just like the government gives you just enough money left over for what it thinks you need to live on.

I think the biggest reason for this silencing of the raid was due in large part because the heavy-hitters are not ready to show their cards yet. We are on the “turn” and the powers-that-be are not ready for the “river” quite yet. They are still gathering all the gold and silver they can find and stashing it away while the public blindly believes that the economy is on the road back to recovery. I mean hey look, the Dow is well over 15,000 and continually setting new highs, right?

We have seen ebbs and flows, recessions and depressions before, but we have never seen anything like what is coming in the future; an economic collapse on a global scale.

All the past hiccups were between only a handful of countries. Now, nearly every country in the world minus some African countries are involved in this debacle. Add to that, this is one of the first times the gold and silver market has had such a massive audience.

When things start hitting the fan people will ultimately turn to the world’s only real money: gold and silver. When they do its going to be the same gold and silver we have been trading around for thousands of years. Yes, we have obviously mined more in that time but the quantity still remains fairly low – a little over 5 billion ounces.

To put that in to perspective, we are about $17 trillion in debt as a country alone. Then you look at the world and we are on the hook for quadrillions of dollars in derivatives. See, governments can print money, they can’t print gold and silver.

When it all comes crashing down you are looking at nearly the same quantity of gold and silver being ravaged by a consumer base hundreds of millions of people larger than the last bubble in 1980.

Talk about a bidding war.

We are going to see prices in the stratosphere for people who want to preserve their wealth and not be totally wiped out by the reset that WILL take place.

And it WILL happen.

We are printing $85 billion a month, have been for years and will continue to do so for another 2 years. This makes the money you have worth less and less each day, don’t believe me just watch:

What has the price of gas been since 2008?

What has the price of milk been since 2008?

What has the price of sugar, wheat, rice, etc. been since 2008?

This isn’t something that happened because of which President came to power in the last few years. I mean some helped more than others. But George W. Bush and Barack Obama were focused on bailing the “too-big-to-fail” guys out while you were footing the bill.

This really started once we created the Federal Reserve in 1913 (Woodrow Wilson) and compounded it with Social Security (Franklin Delano Roosevelt) and Medicare/Medicaid (Lyndon Baines Johnson) and then ultimately coming unhinged when the U.S. (Richard Nixon) took the world off the gold standard.

This is when savers became losers and debtors began to win.

Financial education will help you through this mess and give you a fighting chance to survive the decade or two of turmoil we have ahead of ourselves.

 

Some recommended books to start off your education:

“Why ‘A’ Students Work For ‘C’ Students and ‘B’ Students Work For The Government” by Robert Kiyosaki

“The Creature From Jekyll Island” by G. Edward Griffin

Success for life!!

Rich Dad Education - Real Estate Blog

“Success is the ability to go from one failure to the next without the loss of enthusiasm.” This quote is from Sir Winston Churchill. I chose it because as a real estate investor, I think it speaks volumes about our business.

We all chose real estate investing for different reasons. Some of us do it as our sole source of income. Others do it as a part-time business as we hang on to our “normal” jobs and until we finally make the decision to go “all in.” One thing we all have in common is that we all did it because we want to make more money. Easier said than done, huh?

Every business is going to experience some type of lull or slow down. Most of you have already been through this at one time or the other, myself included.

So, how do you stay motivated through these times?

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Elizabeth Warren: “The Rich Didn’t Get Rich On Their Own”

Elizabeth Warren is the special advisor for the US Consumer Financial Protection Bureau running for senate against Scott Brown in Massachusetts in next year’s election. She was also the first chairman of the Congressional Oversight Panel, appointed by Harry Reid. She is the one who approved TARP, so you can see she has a good track record.

Here she is saying that nobody got rich on their own. She claims that rich people use the roads, school systems, and police that everyone pays for (oh wait except for half of the country who don’t pay income taxes). Elizabeth Warren

So my question to her is; “How the hell did anyone become rich before this country had roads, or a police force, or school systems?”

Socialists will come right out and let you know who they are. You just have to be adept and alert enough to peg them. Their arguments are petty; based on emotion, greed, and jealousy of people who work hard. It drags the country down by letting those with less believe that success comes from the government instead of their own hard work.

What does this teach a person? It’s like going to the store with your child and buying them every single thing they ask for. They never learn the incentive of hard work to achieve success. They expect success to be given to them.

For some reason – well I know how its become this way, but that’s for a different time – this country has developed this, entitlement disease. People expect that since we are a prosperous nation that every single person in the country deserves health care, a good job, benefits, a pay raise every couple of years, a good home, good food, etc.. Somebody please tell me where in the Constitution you are guaranteed those rights?

You are secured the right to life and liberty by our creator; other than that you are on your own – in other words, it is up to you to keep it. It is up to you to become skilled, educated, efficient, and prosperous. If you want to be lazy and a bum, then go ahead, its your choice. That’s the great thing about America; you have the freedom to choose.

The BEST evidence of this is our ancestors; they came over here for that opportunity and freedom. They left their homelands behind because of oppressive, handout, entitlement governments. This is why our country is the greatest on Earth and a beacon of hope for every person on this planet.

Ben Franklin was asked by someone right after the signing of the Constitution about what kind of government we were given. He replied, “…a Republic, if you can keep it.”

We have become those very people who our ancestors struggled and many risked their lives to escape. We are not keeping our end of the bargain.