The Great Reset
- Thread starter Sako man
- Start date
None of this shit is new, just different players are shuffling around the board. The great reset is cut from the same cloth as the climate change scare. And the climate change scare is cut from the eugenics cloth. All of these scenarios are about control, plain and simple
The guy who needs a six-figure job at a Fortune 500 company, a series of 1.99% loans from a national bank, and 8-10% annual returns in his retirement account is the guy who is going to be most susceptible to this "great reset" bullshit. That man is a puppet of Klause Schwab and his minions. I don't want to see this person get fucked, but he's kinda beggin' for it.
I would advise kids not just to simply learn a trade, but then actively invest in the tools and develop the opportunities to offer the services of that trade themselves. Instead of borrowing against your paycheck to buy a fancy new truck, save up for a van and a bunch of tools. Buy a modest house in an area that will is zoned for large outbuildings and then build your own shop, or invest in some commercial property. Don't get sucked into situations that put you at the mercy of an unelected dictator a half-world away.
Oh, and one more pro tip: maybe don't give a lot of money to companies like Kraft and Philip Morris to purchase products that destroy your health so that you don't have to give a lot of money to companies like Pfizer and Merck later to "fix" your health. The Man hates people who take care of their own bodies.
You missed on IMPORTANT point...Have enough CASH on hand (not in a bank account) to get you through several months. For God's sake dont tell anyone, not your best friend, not your banker, investment councilor, not even you wife. Maybe leave a note in your will as to where to find it incase you check out un expectedly. A bit of silver and or gold in small denominations might be wise as well. Add to that several months of food, and a couple thousand gallons of LP in your tanks to run the generator to keep the lights on and fridge running.
For those of us that dont know that term, explain.
Disregard, Google is (not) your friend...LOL
Yep. Liquidity is good. I like your suggestion to keep some assets on hand as well. Diversify; paper dollars might be worthless tomorrow, but a full propane tank will keep a house warm for a few months regardless of what currency is being used.
Another sad attribute of that character you describe is no matter how much they make they never ever get ahead. They spend every dime they make, gotta have it now if I can't then take on debt to have it and further pile on indentured servitude to banks so they essentially own nothing. One little interest rate fiasco, personal issue.....they are done.
I have already watched one person dear to me go through that in 2009. At one point I thought he and his wife had turned the corner on delayed gratification and planning for their future, then all of a sudden they went nuts again and piled it on ever deeper the last 5 years once they got above water. Only difference is I won't be helping them at all this next time(which he never paid back incidentally). Never expected to see it again or I wouldn't have lent it, but I figured once he got out of debt I might see some of it. The never ending pit of impulse buying seems to be about as addicting as nicotine and alcohol. Sad to watch unfold.
"Learn to code" started off as legitimate advice on how to recover from the loss of an obsolete job. Seeing as how damn near anything and everything nowadays requires software, computer scientists and software engineers are in high demand. The tools required to write code are minimal; a text editor and a compiler are often all that is required (note that some compilers are free, and others might cost $50-100k). And since employers hire shitty software engineers all the time, it's clear that there isn't much of a standard that keeps out the riff-raff.
It has since turned into a bit of an offhand remark to be made against someone who has either lost their job, or is just bitching about something work-related. And the fact of the matter is that most people can't write software. But for the right person who is looking for lucrative freelance opportunities, it remains a viable option.
First, I agree wholeheartedly with the above advice about learning a trade or just knowing how to build/create. It is most satisfying being able to go to the shop and build something from scratch.
On to finance....
I'm an old guy ~60, but while I'm closer to death than most of you, in those years I've picked up on a number experiences (of my own and others).
Work hard when you're 25-45 and put money away. Excluding wife, after expenses I tried to put away 15-40K /year in those years. Some better, some worse. That early money compounds - most of mine went into the market (or paying off a mortgage), in the market I like the S&P.
If you can get matching money from your employer - maximize that.
Actively manage your portfolio to some degree. Don't assume anybody has your best interests in mind regarding investments. Set up accounts for your kids, get them involved in watching them grow.
Don't loan money or tools to friends. Never rent a storage unit for more than a few months - if at all.
Keep an eye on property taxes - I generally don't mind the purchase price of property, I do mind exessive carrying costs.
I don't believe in boogeymen-as in evil banks. You borrow at 3% or 7% - understand what that means. Get an home equity line of credit when you don't have an immediate need -
Finally, there is a big tax on being uninformed, not understanding basic finance is one of life's costliest mistakes. Living month to month means you will miss out on business opportunities (happened today to a friend's kid), or good deals on occasional life's pleasures.
On to finance....
I'm an old guy ~60, but while I'm closer to death than most of you, in those years I've picked up on a number experiences (of my own and others).
Work hard when you're 25-45 and put money away. Excluding wife, after expenses I tried to put away 15-40K /year in those years. Some better, some worse. That early money compounds - most of mine went into the market (or paying off a mortgage), in the market I like the S&P.
If you can get matching money from your employer - maximize that.
Actively manage your portfolio to some degree. Don't assume anybody has your best interests in mind regarding investments. Set up accounts for your kids, get them involved in watching them grow.
Don't loan money or tools to friends. Never rent a storage unit for more than a few months - if at all.
Keep an eye on property taxes - I generally don't mind the purchase price of property, I do mind exessive carrying costs.
I don't believe in boogeymen-as in evil banks. You borrow at 3% or 7% - understand what that means. Get an home equity line of credit when you don't have an immediate need -
Finally, there is a big tax on being uninformed, not understanding basic finance is one of life's costliest mistakes. Living month to month means you will miss out on business opportunities (happened today to a friend's kid), or good deals on occasional life's pleasures.
The game has not changed in thousands of years. Tyrants always seek Global domination. The players change and the methods change. But the goal remains the same. Even though no one has yet achieved the ultimate goal, they will never stop trying. JMHO
Obozo's version was an insult.
There are hardly any obsolete jobs we've lost.
They were, however, sent to where folks work for near nothing for corp. to make extra bank.
I'd hate to have to make a list of shit we get from china that will cost us dearly.
A pertinate one at the moment would be pharmaceuticals.
R
Just to tie the climate crisis bullshit to the co-hiv bullshit with a nice bow. This is the shit that used to not be said out loud. Thankfully their hubris is getting the best of them
Journal Nature: COVID lockdowns are key to begin ‘personal carbon allowances’: ‘Restrictions on individuals…that were unthinkable only 1 year before’ have us ‘more prepared to accept tracking & limitations’ to ‘achieve a safer climate’
Nature Sustainability: Authors argue the covid passport can be used as a stepping stone for a personal carbon allowance and trading app. Key excerpts: Journal article urges for “the need for …
www.climatedepot.com
This. I’ve worked in some capacity since I was 12 but even tho I was always busting my ass I’ve never made what most would consider good money until my mid 30’s. I made ok money but a lot of people I knew during that time were banking 4x what I was. Either way, during that time I wish I had been better with my money on investing. I’m now 41 and only been investing for about 7 years and I doubled my money last year which helped me make up some ground that I thought needed to be made up. If I could do that one more time then I’d be closer to where I think I should be for sure. And while I may have somewhat made up some ground regardless of not investing in my early years, just think about where I’d be if I had invested all that money those early years. Hell I may have been retired by now! Dont get me wrong, I’m doing ok, all my neighbors are pretty much retired people that worked their whole lives to be where we are at and I’m already there so I think I’m doing ok but man just think, if I had invested early on I could be living in Tahiti right now retired or something lol. Start early, work hard, sack away as much money in the market as you can. I was also one of these naive people that thought cash was king and I’ve had like $50k in cash just sitting in an account for decades. Thats pretty stupid. Take it from me, put your money to work for you, early.
As my wise old father used to put it..."Buy income."
Anyone who tells you they don't have 'wish I woulda' events in their retirement planning rear view mirror is pulling your leg we all have them. I wish I woulda too and so does anyone who has been in it long enough, but sounds like you have still come a long way even though you waited. None of it is difficult it's really about consistency and not panicking when events transpire. Daily fluctuations happen, drawdowns happen, crashes happen......it's what you do when they arise. I'm always happy to buy on sale when the panic sets in just gotta know what you want, price you are willing to pay and be ready gobble it up when the opportunity arises. Here's to your retirement window moving closer! That cash pile smoldering daily is a tough one to learn.....I hate having cash sit idly and had it for the last 8 weeks, but finally put it to work yesterday and today. Idle cash beyond emergency uses drives me nuts.
Which is why the .gov indoctrination centers don’t teach much about finance
Thread by @KimDotcom on Thread Reader App
@KimDotcom: 🧵 This may be the most important thread I ever make. Big picture stuff about the major global collapse that is coming. I will try to help you understand why the future is not what we’re...…
threadreaderapp.com
Similar threads
