Posts Tagged ‘finances’

Financial MatrixThe book ‘The Financial Matrix’ is awesome! The Financial Matrix itself is pretty terrifying. When you understand a bit about history and human nature it should come to no surprise that it exists though.

The Matrix from the movie was system of control enslaving the human race without their knowledge. In the same way, the Financial Matrix enslaves people; it hides the enslavement from those trapped in its net like the machine in the movie, but no one is forced into this one. No one is coerced into it. People are brought up into it and enticed into it.

Orrin Woodward does a beautiful job explaining the whole concept in one chapter of his book (and in large part on this blog post he did). I encourage you to take a look at the post, along with all the other followup posts he did on the subject.

Just as Morpheus explains to Neo in the movie, so is it true for us today. (more…)

I had a chance to hear Claude Hamilton talk in Kitchener yesterday, and part of what he said was so profound that I have to share my interpretation of it. Understanding the concept I’m about to share can drastically change your life.

There are three time frames to consider: your past, the present, and your future.

The first thing to consider is where you are in life right now. How much money do you have, or how much debt are you in? How much of your time do you own, and how much is owned by others? To explain that last part, take my situation for example; I’ve sold 40 hours a week of my time to my employer (if you don’t count lunch breaks and travelling) for a certain amount of money – this means he owns that time and not me. How many friends do you have, and how good of a friend are they? How fit are you health-wise?

The answers  to those questions is simply the way things are right now in the present. You can’t change the present. Everyone is where they are in life because of what they did in the past. You can’t change anything in your past to make anything different today.

Since you are where you are because of past decisions, you need to start making decisions with a different level of thinking if you hope to change anything. If you are worse off today than you were in the past, then to not change your thinking means your life will actually get harder. (more…)

Financial FitnessA couple of years ago I went through a finance pack from LIFE that cost me almost $50, but has saved me between $70-$100 every month since. That pack consisted of a small book and 4 audio CDs which proved to be invaluable.

Well, LIFE has outdone itself this time, with a new product; the Financial Fitness pack. It doesn’t leave anything out when it comes to finances. I’ve never really looked into any finance materials before, other than my accounting class in school or from reading Robert Kiyosaki’s ‘Cashflow Quadrant’. From what I understand though, financial education usually only covers one side of finance.

What I love about this new pack is that doesn’t just cover how to spend less or just how to get out of debt. It doesn’t only cover how to save properly. It doesn’t just cover how to make more money. It covers ALL of that in the offense of defense sections of finance. But there is more! It also covers the ‘playing field’ which goes into how money works, giving you the information you need to prosper in any economy.

It goes through 47 principles of finance that make total sense when you read them, but that can really set you back when you don’t even know about them. (more…)

During my study of Austrian Economics, it has become very clear how government spending is bad economics. However, when I engaged in conversation with someone on the issue, it has always been difficult to have them understand the rational behind the school when they have not themselves studied the work of the Austrian school. This all changed the other day when I found a simple way that is easy for everyone to understand.

To really understand why taxes are bad, I believe it is important to understand how money is spent. I was listening to a CD about freedom called ‘Freedom Isn’t Free‘, in which Bob McEwan (6 term member of the US congress) was giving a speech. Based on everything I’ve read and heard, I’m going to share that information along with some of my own thoughts.

When you spend your own money on your behalf, you care about two things; the price and the quality. Nobody can make that decision for you as good as you can. Let’s take the example of bananas. When you stand looking at the bananas in the market, you look at the price and make a judgement on how long they are going to last. You also consider if perhaps you will have the nephews and nieces over this weekend because they might go bad.  Not only are you considering the price (you are probably buying them here because this store has cheaper bananas, or it’s cheaper than spending gas to drive further for them) but also the quality. You want to buy the banana’s that will bring you the most satisfaction – like not going bad before they are eaten.

It’s also important to remember here the subjective value theory. It basically says that people value things in different ways, and it is impossible for an exchange to be equal between two persons. For an exchange to be made, person A who has item X must value item Y possessed by person B more than he values item X. On top of this, person B must value item X more than item Y. If A & B gave the same value to the items, there would be no exchange as at least one of them was not gaining anything. In the example above, the buyer of the bananas values those particular bananas more than the money he would be spending.

So when you spend the money on yourself, you spend it at its peak value and, again, no one can spend it like you can. You decide whether you need the shoes, the clothes, etc. This is 1st party spending; something for you, using your money.
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