MGTOWHow Not To Be Poor – MGTOW

How Not To Be Poor

Wandering MGTOW — Tue, 30 Sep 2014 07:59:54 +0000

My life experience has taught me some things about money.

* I am never sorry to have money in the bank.
* I am happier when frugal and less happy when free spending.

Dr. Helen Smith offers good advice in her blog, titled How Not To Be Poor:
http://pjmedia.com/drhelen/2014/09/29/how-not-to-be-poor/?singlepage=true

I can also recommend this book series:

* Rich Dad Poor Dad, by Robert T. Kiyosaki

Most libraries will have Kiyosaki’s books, and they are available from Amazon used cheap.

Reply To: How Not To Be Poor

loldude — Wed, 01 Oct 2014 17:12:32 +0000

Just wondering, what exactly do you do, personally, to earn money?

Reply To: How Not To Be Poor

Sigma London — Sat, 18 Oct 2014 23:42:25 +0000

Emigrate. One of the only good things about the destruction of the family is that without any roots it is easy to get up and leave. I’ve spent years crying over the family I never got to be a part of, but now I see it as an opportunity. Learn a useful skill broaden your search for a job. There is money to be made in the world for skilled Nomads.

Reply To: How Not To Be Poor

Tbowden1 — Tue, 11 Nov 2014 04:03:26 +0000

Didn’t Robert Kiyosaki become bankrupt a few years after writing those books…. not exactly the role model I would look toward for financial advice. Don’t play real estate like you’re gambling in Vegas.. that is a SURE FIRE way to become poor.

Reply To: How Not To Be Poor

RoyDal — Wed, 12 Nov 2014 09:05:03 +0000

Didn’t Robert Kiyosaki become bankrupt a few years after writing those books…. not exactly the role model I would look toward for financial advice.

You got me interested, so I looked it up. Here’s the link: https://en.wikipedia.org/wiki/Robert_Kiyosaki#Controversy

One of his companies did go bankrupt. The rest of his empire is going strong. He is rolling in dough.

Don’t play real estate like you’re gambling in Vegas.. that is a SURE FIRE way to become poor.

I couldn’t agree more. I would never gamble with my life savings. Not in a casino, not in an investment I did not fully understand. By the same token, I would never make casino bets the house shills do, and I would never buy something just because a real estate salesman said, “this is a good buy and will make you rich.”

Society asks MGTOWs: Why are you not making more tax-slaves?

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Keymaster — Mon, 17 Nov 2014 11:42:30 +0000

And don’t forget …….the market is FILLED with crooks. You can actually take their recommendations and invest against them.

I followed Apple VERY closely for the better part of 12 years and Jim Cramer is a f~~~ing CROOK. He says SELL when you should be buying and BUY when you should be selling. The BIGGEST contrarian indicator I have seen. And they pay assholes to create fear on stock message boards. It’s SO F~~~ED UP I have been deleted just for saying “buy” when Apple dipped. If ANYONE tries to tell you what to do with your money, you ignore them… nobody wants to see you succeed. They only want to see you go broke.

If you keep doing what you've always done... you're gonna keep getting what you always got.

Reply To: How Not To Be Poor

Tbowden1 — Wed, 19 Nov 2014 02:09:06 +0000

I couldn’t agree more.. If anyone is making millions of dollars from a legit profession, they won’t be teaching seminars at your local Double Tree Hotel conference room.

Reply To: How Not To Be Poor

Total Lee — Wed, 19 Nov 2014 14:26:44 +0000

I attended one of those cheesy hotel conferences that a date of mine wanted to attend and I came along. 3 minutes in I was rolling my eyes and knew it was a scam. I high-tailed it out of there and she’s all “where are you going?”. The whole room was beige, the napkins were polyester, the chairs were plastic and vynyl, and the idiot with the microphone had no idea what the f~~~ he was talking about.

When I was 12, cell phones cost $3,000-$4000 and my older brother (19) was all bright eyed about selling them. He went to one of these seminars and sold 2 to make other people rich. He quit within 2 weeks and It took him 5 months to get his commission check. He smelled a scam right from the start.

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John Doe — Tue, 02 Dec 2014 23:12:37 +0000

Don’t get into debt. You can have zero in the bank, but as long as you have no debt you are free.

On a side note, homeless people in some major cities such as New York, can make up to 150 dollars per day begging. So much for poverty…..

Reply To: How Not To Be Poor

Kalesaji — Sat, 03 Jan 2015 03:05:42 +0000

Our politics class in collage dealed with some of the mentioned aspects. I live in Germany and since recession was hitting the industry hard, it was one of the topics on how to run a succesfull financial market. It all breaks down to the principle of demand and supply. I know, everyone out there knows these basics and I sound like a broken record, but the important aspect is to keep focus on these principles. You can only buy something cheap, if noone wants it, or there is a whole lot of it in store. You can also only sell high if your options are either desired or rare. Now looking at the real estate crysis, you will notice that something was wrong with this market. Real estate was desired – sure, that is something you can understand. Who does not like the option of not having to pay rent, right? But the deal missed its other side. Water is an important good as well. Everyone needs it. But there is a lot of it at disposal, so it stays cheap – at least in the developed countries with good supply infrastructure. If water would start to become a very expensive good and still come out of the tub, you would start to doubt it’s price, right? The interesting aspect however is, that noone did that when real estate blew through the ceiling. America is huge, and real estate is something easy to find. But the prices rise. All these are symptoms of an unhealthy market. My teacher used to say about this something rather remarkable:

“I can’t tell you what makes you rich fast. But I can tell you what makes you poor fast – trying to become rich fast”

Whenever you encounter a market that offers a high intrest rate, double check wether this market is healthy or “sick”. If it’s a sick market, stay away from it. It is not your job to cure it, and trying to get your portion of it will surely make you loose a lot. Because a sick market is usally controlled by it’s sickness. Wether it is ruled by a cartell, controlled by representatives of politic parties or simply put up by a monopolist, you will have to play after his rules. It’s like going into a vegas casino. If you expect to win, you’re a fool. The bank allways wins. Unless there are a lot of independent banks in the same game.

While we are in vegas, let’s put it this way: A healthy market is like a poker tournament of some really good players. Those have been there for quite some time, sometimes they win, sometimes they loose, some have a lot of money, some have less. Sometimes a new person enters the table, sometimes someone leaves. If one person gets a royal flush, the crowd applauds. This is how the normal market works.

Across the room there also is a dark corner. It’s a corner with a roulett table and an ugly guy with a smug smile on his face offering a fast game to those who have the guts to play. Usually, he get’s those that think the poker game is boring, and they have to leave broke pretty soon, because he allways wins while they loose. But then he reallizes something. If people win at his table, they continue to play until it’s all gone. So he let’s everyone win. Noone looses. And the crowd moves away from the poker table into the dark corner, and soon even the professional players on the poker table tune into the dirty game. Once everone is involved, the smugface starts to make everyone loose. Noone wants to play roulette anymore. Smugface has a lot of money and runs of with an even brighter smug smile on his face, while everyone looks ashamed of himself towards the empty poker table. The profesionals start to play again, but the pot is much smaller.

I think this metaphorical explaination allows a brief view into the problems of a sick market.
To sum up what is important on recognizing a sick market:
– Everyone wins
– The proportions of demand and supply are distorted
– It grew from small to big, not vice versa
– It’s transactions gain and loose quickly- A mayor party is involved, but does not play by the rules the others do

If you are in vegas, you may go and play roulett. You will lose money, but it is fun and you will have a good time. Don’t play roulett on the financial market. Poker is the game to play. Because Poker actually has a winner. Because it is the only game, the bank does not win. Don’t gamble in games, you can’t win. Don’t gamble on the financial market. Play Poker.

My advise based on my knowledge. You may distribute this if you found it enlightening. Please give me some feedback.

Cheers,
Kalesaji