One addition I believe will greatly add to the sosuave forum is the creation of a Financial Forum.
We know that the ladies love hard bodies (and the obvious happiness of being a fit Don Juan) so there is a Health and Fitness Forum. But a financially solid Don Juan will go much further than one without.
Look. Many guys I know, many husbands I know, live well below their financial potential. Why? Because they let their women do all the finances.
What is the woman's view on finances? "He doesn't know it yet," I heard one girl say, referring to her fiancée, "but he is going to start saving." Basically, with women in control of your finances, you will be SAVING, putting that money in the bank, getting permission to make any purchase through her, and spending very very little. "Live cheap," she says, "and save, save, save. All purchases now must go through me, for I shall pay the bills and balance the checkbooks." If she is like that, you're a bit lucky, for she could be the type who buys more and more liabilities (shoes, cars, houses) for a 'lifestyle' she believes is her birthright. If you live a lifestyle of 'be cheap and save', you end up remaining cheap. If you live a lifestyle of 'she-is-the-princess', then you end up in bad debt. In both ways, you end up becoming poor.
One of the greatest obstacles for men in our age is to get control of our finances. The biggest issue in marriages is money. By getting a grasp on this issue now, you'll be much more FREE and wealthier than before. The Industrial Age is over. The era of a man being an employee for one company and receiving a pension plan for retirement is over. There is no job security today.
A century ago, most people were farmers, merchants, i.e. business owners. It is only the Industrial Revolution that made a couple generations not have to obtain critical financial knowledge (you could simply work at one company and have them provide your retirement). Today, we do not have that choice. Our ancestors understood finances, why are we scared to know at least what they did?
It doesn't care how smart you THINK you are. You could be a lawyer or doctor from the most praised ivy league school. That is academic education. It makes you a good employee. But it doesn't help you financial smarts-wise. No matter how high earned income you obtain, three things happen: 1) The more you earn, the more you'll probably spend. 2) When you get a raise, so does the government. Why get a fat income if most of it goes to the government? 3) The higher your income goes, the LESS time you have.
What paychecks do rich people have? Did Bill Gates make his billions through a paycheck? Think about it.
Just as a MINIMAL, everyone needs to know these BASICS of Finances:
-How to make a Financial Statement (because the bank will not ask for your GPA but for your financial statement).
-What an Asset and a Liability is and how they differ and how they impact income and expenses (no, this is not taught properly at business schools)
-Basics of paper assets (dividends, how the law prevents 90% of people from the best investments, etc.)
-Basics of real estate (beyond the typical 'get tenant to pay bills while you let property appreciate in value’)
-Basics of business building (9 out of 10 new businesses fail because 90% of the people have piss poor financial knowledge).
-Understand what CASHFLOW is
-Understand what LEVERAGE is
There are two reasons why you have not been taught proper financial knowledge. One, is because we are fast exiting a period of time where financial knowledge was not necessary for the mass of people (but even today, pension plans are being slashed, and 401ks aren't even secure). Two, is because women found no need for it so we didn't either (hence Socrates’ wise saying of, "If you want to teach something to young men, teach it to women. For young men will do whatever the young women want.")
Why don't women need financial education?
Simple. YOU are the plan for HER financial freedom! She has her 'assets' (boobs, butt) and men will gladly subjugate themselves to her (they call this subjugation to her 'love'). Her 'love' for you is reflected in that you become an excellent workhorse. She will gladly 'stop working' for the sake of her children! Once you get going in your career, she thinks, "Thank god! Now I will never have to work again!" Many women now like to work as well. This is so she can have the LIFESTYLE she wants. So she spends more money on liabilities like an elaborate house, car, and turns cash into trash. You are her financial plan for freedom. If she gets pregnant, she can stop her work and have you provide for her (which itself, is fine). But the entire point is LEVERAGE. YOU are HER leverage. This is why many males work and work and work to make an environment where the woman can live, breed, and just live a stupid life of material comfort.
If women were educated financially where they could not depend on a boss or a husband for their financial future, we would see women not stay in unhappy relationships because of money and have women not look at a guy financially as a cat does a bird hungrily. But that, for now, shall remain a dream. What we can do TODAY is educate ourselves so our lives become something more than sidings to prop up a woman and her breeding ground. It would give us TIME and MONEY so we can do what we truly want to do, to embrace our talents, and fulfill our own potential in life.
Why Does Saving Means Losing?
My parents are very poor. Thus, they SAVED money and made little expenses. They watched every cent. They lived a life of cheapness. Guess what? They are still cheap. And they still have no money. When you cling so tightly to be scared of losing pennies, how can you risk anything significant in an investment? The emotional capacity is not there.
Financial education is more about your emotional side then your intellectual side (just as Don Juanism is). My brother has tens of thousands of dollars all saved up in a bank account. His wife is, "Save! Save! Save!" and "Live cheap! Live cheap! Live cheap!" They have lots of money but drive cars that are 12 years old. Even if they get money, they are still cheap. He cannot invest the money because his wife says, "That is too risky!"
Why does saving mean losing? I will use the dollar as the example. The dollar is not backed by gold. It is backed by nothing. So take out a dollar bill and put it in front of you. It is actually debt. The key to becoming wealthier and financially free is to think of money in other avenues than in currency. For example, if I convert my currency into real estate, my "wealth" will increase! Or if I convert my income into a business or paper assets (such as stocks), my "wealth" also increases. If I SPEND the money on bad debt such as cars, a house I live in, or a boat, I just go into debt.
If you save money, you are losing money. Dollars are constantly inflating. So having money in the bank, even with the bank interest, can mean losing money because the inflation rate often cancels out or is above your interest (unless you have lots of money in the account). And to those who still doubt this, take the entire nation of Japan. They probably have the best savers in the industrialized world. Well, Japan seems very close to be going into bankruptcy. How is this possible for a nation of savers? Because saving money is not the same as making money. And in order to make money, you need to understand how to convert it into other forms.
Arena of Learning
What could a Financial Forum look like? I would imagine it would be like St8up's Guide to Wealth (Take a look at it here http://www.sosuave.net/forum/showthread.php?s=&threadid=22304 ). I think we all could profit from a forum where financially successful people (and those studying to become) can gather and share. Personally, I want to find out which of our visitors are successful in business, real estate, and all so I can pick their brains out. I want to learn from these guys and Anything Else would be a poor substitute.
After all, such a forum would pick up its own jargon after a while. It would be loaded with financial terms that some people (who are just looking to get chicks) certainly don't want to be bothered with. Such a forum could still involve chicks, but just as the Health Forum goes into the body building jargon, so too would a Financial Forum go into financial jargon and be a great place for us unfortunates (of which I am one), born to poorer and ignorant parents, could defy our family cycle to become what we dream.
We know that the ladies love hard bodies (and the obvious happiness of being a fit Don Juan) so there is a Health and Fitness Forum. But a financially solid Don Juan will go much further than one without.
Look. Many guys I know, many husbands I know, live well below their financial potential. Why? Because they let their women do all the finances.
What is the woman's view on finances? "He doesn't know it yet," I heard one girl say, referring to her fiancée, "but he is going to start saving." Basically, with women in control of your finances, you will be SAVING, putting that money in the bank, getting permission to make any purchase through her, and spending very very little. "Live cheap," she says, "and save, save, save. All purchases now must go through me, for I shall pay the bills and balance the checkbooks." If she is like that, you're a bit lucky, for she could be the type who buys more and more liabilities (shoes, cars, houses) for a 'lifestyle' she believes is her birthright. If you live a lifestyle of 'be cheap and save', you end up remaining cheap. If you live a lifestyle of 'she-is-the-princess', then you end up in bad debt. In both ways, you end up becoming poor.
One of the greatest obstacles for men in our age is to get control of our finances. The biggest issue in marriages is money. By getting a grasp on this issue now, you'll be much more FREE and wealthier than before. The Industrial Age is over. The era of a man being an employee for one company and receiving a pension plan for retirement is over. There is no job security today.
A century ago, most people were farmers, merchants, i.e. business owners. It is only the Industrial Revolution that made a couple generations not have to obtain critical financial knowledge (you could simply work at one company and have them provide your retirement). Today, we do not have that choice. Our ancestors understood finances, why are we scared to know at least what they did?
It doesn't care how smart you THINK you are. You could be a lawyer or doctor from the most praised ivy league school. That is academic education. It makes you a good employee. But it doesn't help you financial smarts-wise. No matter how high earned income you obtain, three things happen: 1) The more you earn, the more you'll probably spend. 2) When you get a raise, so does the government. Why get a fat income if most of it goes to the government? 3) The higher your income goes, the LESS time you have.
What paychecks do rich people have? Did Bill Gates make his billions through a paycheck? Think about it.
Just as a MINIMAL, everyone needs to know these BASICS of Finances:
-How to make a Financial Statement (because the bank will not ask for your GPA but for your financial statement).
-What an Asset and a Liability is and how they differ and how they impact income and expenses (no, this is not taught properly at business schools)
-Basics of paper assets (dividends, how the law prevents 90% of people from the best investments, etc.)
-Basics of real estate (beyond the typical 'get tenant to pay bills while you let property appreciate in value’)
-Basics of business building (9 out of 10 new businesses fail because 90% of the people have piss poor financial knowledge).
-Understand what CASHFLOW is
-Understand what LEVERAGE is
There are two reasons why you have not been taught proper financial knowledge. One, is because we are fast exiting a period of time where financial knowledge was not necessary for the mass of people (but even today, pension plans are being slashed, and 401ks aren't even secure). Two, is because women found no need for it so we didn't either (hence Socrates’ wise saying of, "If you want to teach something to young men, teach it to women. For young men will do whatever the young women want.")
Why don't women need financial education?
Simple. YOU are the plan for HER financial freedom! She has her 'assets' (boobs, butt) and men will gladly subjugate themselves to her (they call this subjugation to her 'love'). Her 'love' for you is reflected in that you become an excellent workhorse. She will gladly 'stop working' for the sake of her children! Once you get going in your career, she thinks, "Thank god! Now I will never have to work again!" Many women now like to work as well. This is so she can have the LIFESTYLE she wants. So she spends more money on liabilities like an elaborate house, car, and turns cash into trash. You are her financial plan for freedom. If she gets pregnant, she can stop her work and have you provide for her (which itself, is fine). But the entire point is LEVERAGE. YOU are HER leverage. This is why many males work and work and work to make an environment where the woman can live, breed, and just live a stupid life of material comfort.
If women were educated financially where they could not depend on a boss or a husband for their financial future, we would see women not stay in unhappy relationships because of money and have women not look at a guy financially as a cat does a bird hungrily. But that, for now, shall remain a dream. What we can do TODAY is educate ourselves so our lives become something more than sidings to prop up a woman and her breeding ground. It would give us TIME and MONEY so we can do what we truly want to do, to embrace our talents, and fulfill our own potential in life.
Why Does Saving Means Losing?
My parents are very poor. Thus, they SAVED money and made little expenses. They watched every cent. They lived a life of cheapness. Guess what? They are still cheap. And they still have no money. When you cling so tightly to be scared of losing pennies, how can you risk anything significant in an investment? The emotional capacity is not there.
Financial education is more about your emotional side then your intellectual side (just as Don Juanism is). My brother has tens of thousands of dollars all saved up in a bank account. His wife is, "Save! Save! Save!" and "Live cheap! Live cheap! Live cheap!" They have lots of money but drive cars that are 12 years old. Even if they get money, they are still cheap. He cannot invest the money because his wife says, "That is too risky!"
Why does saving mean losing? I will use the dollar as the example. The dollar is not backed by gold. It is backed by nothing. So take out a dollar bill and put it in front of you. It is actually debt. The key to becoming wealthier and financially free is to think of money in other avenues than in currency. For example, if I convert my currency into real estate, my "wealth" will increase! Or if I convert my income into a business or paper assets (such as stocks), my "wealth" also increases. If I SPEND the money on bad debt such as cars, a house I live in, or a boat, I just go into debt.
If you save money, you are losing money. Dollars are constantly inflating. So having money in the bank, even with the bank interest, can mean losing money because the inflation rate often cancels out or is above your interest (unless you have lots of money in the account). And to those who still doubt this, take the entire nation of Japan. They probably have the best savers in the industrialized world. Well, Japan seems very close to be going into bankruptcy. How is this possible for a nation of savers? Because saving money is not the same as making money. And in order to make money, you need to understand how to convert it into other forms.
Arena of Learning
What could a Financial Forum look like? I would imagine it would be like St8up's Guide to Wealth (Take a look at it here http://www.sosuave.net/forum/showthread.php?s=&threadid=22304 ). I think we all could profit from a forum where financially successful people (and those studying to become) can gather and share. Personally, I want to find out which of our visitors are successful in business, real estate, and all so I can pick their brains out. I want to learn from these guys and Anything Else would be a poor substitute.
After all, such a forum would pick up its own jargon after a while. It would be loaded with financial terms that some people (who are just looking to get chicks) certainly don't want to be bothered with. Such a forum could still involve chicks, but just as the Health Forum goes into the body building jargon, so too would a Financial Forum go into financial jargon and be a great place for us unfortunates (of which I am one), born to poorer and ignorant parents, could defy our family cycle to become what we dream.
