I've been busy lately boning up on The Market, with a dash of economics. And the reason is I've had a revelation. And it is this:
Growing your fortune is an investment in Liberty.
In so much conversation in the political blogosphere and in all the strategies of retaining our freedom, this is completely overlooked. Bottome line, (pun intended!) you've got a lot more options and a lot more flexibility and a lot more freedom if you've got money. Personally and collectively.
If I'd understood this when I was young, I'd be long gone from the California madhouse already...in my lovely mountain retreat of many acres, with my dogs and my guns...
But instead, I'm still working, dreaming of escape. All because I didn't understand the connection between money and liberty; especially in an empire oozing toward tribal, socialist chaos.
So here's the deal. If you want to be freer and happier in crazy times, when Big Government is making monumentally stupid decisions that will ensure the least prosperity and least happiness for the most number of people, get rich.
Luckily, we still do live in a Free Market society (more or less) and we still have a chance to make it on our own. The idea here is to take advantage of that oversight by the Liberals...or at least their inability to completely destroy, as of yet, the mechanism for getting rich in this country. Obie will work hard to dismantle it, of course. And Hillary is gunnin' for anyone above the poverty line. But for the time being, there is still the opportunity to garner the riches necessary to guarantee for our lifetime, at least, the blessings of independence.
And if we do it right, we can leave a growing fortune to our children, and with it they will also inherit independence. We can't give them a better legacy than that.
If you want to get rich, you need one of two things: money or time. If you'v'e got time—if you're young—a little invested wisely now will grow to a lot over the years. If you've got less time, but more money, investing it wisely now will generate more.
I can't emphasize enough that if you are under 30 you can be actually, honestly, truly RICH by the time you retire IF YOU START NOW. I wish I had.
It doesn't take a lot. But it does take discipline. You can't use that credit card for all those cool things you can't afford. You have to live within your means—spend less than you make! And you have to start putting something away today!
It doesn't have to be a lot, it just has to be consistent. A small sum every payday will grow exponentially over the years, and you will find yourself very comfortable as you reach your 50's and 60's. Life is still fun at that decrepit age, unlikely as that might seem to you right now, but it's a LOT more fun if you've got money.
Get started right now. Open a savings account. No, it's not a great "investment", but it's better than spending it on stuff you don't need. And it's going to become the foundation of your fortune. Go. Do it now.
More to follow.
The Gunslinger
Joebama American citizens 2024 print
9 months ago
Money is only a means for facilitating the exchange of goods and services....
ReplyDeleteComfort is in the mind and not the wallet..
I agree with the admonition to do more with less and save, but as long as we have the crapheads in gummint that we have now, it is pretty much futile..
I advocate buying and living on a sailboat but your path is also a wise one..
I also agree with your assessment that one can beat the system but one must start in their early 20's..
Good to see your interest in economics "the dismal science".. What the ignoctritics forget is that economics is the only one that pays the bills!!
A short, pithy, pearl of wisdom was once shared with me by a young person who worked for me, passed down by his father: "Life is like a shit sandwich. The more bread ya' got, the less shit ya' gotta eat."
ReplyDeleteEloquent? Not very. True? Absolutely.
Just bought my own place (well,took a loan)on a great great deal-in a year I'll own it.Now I remember in my late 20s how my bandmates and I laughed at the drummer when he got a house.What idiots!Renting bites.Now,if HC or BO get in and take the economy down the shit hole with their policies (does anybody remember Carter economy?it wiped out my Dad),I can make do with being a Wal-Mart Greeter,if I can properly say "Ola!Bienvenidas WalMart" or whatever.Love the "shit sandwich" comment.
ReplyDelete"You can't go bankrupt if you aren't in debt."
ReplyDeleteTrue enough to be a truism.