Kenneth! Thanks for the comment — i forgot to mention Kiyosaki! I’ve read his books “Rich Dad, Poor Dad” and others— from taxes to investments. He’s also one I support as well when it comes to this topic!
My preference is physical precious metals. I did just purchase some gold in the form of GGBR. It is easy to purchase.
If you are just getting started, Bill Holter says junk silver, pre 1964 dimes and quarters, are the best form of silver to own. https://www.xt.com/en/trade/ggbr_usdt
The gold notes contain 1/1000th troy oz of 24k gold, so it's physical. I'm interested simply because they would be more liquid than these $4,000 coins I have 😜 And Holter is correct about junk ... wife just told me my collection bought in 2020 is up $10k. Best of luck friend ~~ j ~~
I would exchange gold ounces for silver. The silver to gold ratio SGR is about to normalize. Historicaly the SGR is closer to 30 to 1 and now it is ~ 80 to 1. Silver is in short supply, so the SGR will correct.
Ed Steer follows silver closely and his last video is very compelling information.
Worthwhile advice across the board. Understand that we are being bombarded with ads and marketed to death. They want to sell us everything under the sun and that traps most people into being constant or forever consumers...outside of essentials for convenient living. Except for perhaps the top 10%, all that consuming takes debt to support it.
After retiring about 10 years ago, I was making much less income. But my bills become much smaller too. I looked at all the money I had wasted on having and doing things over about 45 years of living. Even some of it wasted on "investments", but not on gambling or other vices like drugs and alcohol. I screwed up royally in many areas but somehow survived.
Today, my desire for things has vanished quite a bit. I am still kind of downsizing. My wife and I have no debts, some savings, cash and a few minor investments. I realized that a lot of things you think you need, you don't. In the end, you can't take it with you and it might become a nightmare for your heirs to sort out.
But what really matters is your HEALTH. I think many of those "financial" plans want you to save and invest for your last few years of life where you might not be so healthy. They want you to have a million dollars to spend on medical expenses and keep the system flowing in riches...at your expense.
Go ahead and save and invest and pay down debt...all decent things to do. But also pay attention to your health. For me that has meant staying out of the clutches on the modern medical system and all its poisons and miscues. My wife on the other hand is paying for her mistakes listening to brain dead doctors. Anyway, this has worked for me thus far.
And talk about the debt trap...those ideas about a 50 year mortgages will keep you trapped for much of your life. What craziness.
I've always loved the idea of being debt free (and I am except for a mortgage). And I love the idea of paying off the credit card expense as soon as it's incurred!
In my closet I have 50 yr old clothing. Back then, cloth wAs quality, pure cotton, flax, linen and silk. Sweaters were pure wool and shoes had thick leather soles. After the polyester conversion, those quality garments were slowly but surely eliminated to the point I have not shopped in 25 years. My quality furniture is 50 years old. Who doesn't have one of those ugly, boring enormous sectionals that their kids and dogs flop on at will, as the sagging sets in, so buy another? Kitchens laden with every known appliance when all you need is a gas stove. And of course, dishwashers for the lazy. Restaurants, fast food, DoorDash, Starbucks and manicures for the lazy. Think about the amount of money you've spent that I didn't.
Dave Ramsey’s wisdom set me on a great path. In 2021 I was swimming in debt (business loans, car loans, credit cards, overdraft etc.). If I was to have paid them over the course of there terms it would have taken me 5+ years. I cleared them all in a little over two through the snowball method. Still remember cutting up my credit card and saying no more of this shit! Since then what money we were paying out each month gets invested and is working for us instead. Only thing left is the mortgage and I’m overpaying that each month also aim to clear in 5 years. Never got taught anything at school about money/investment/management etc. and my family didn’t pass much wisdom on although my mum was always good at spending less than you earn. As Dave says when you follow this plan you get out of debt forever and get rich slowly over time through compounding, and in turn you change your family tree. I still remember the last payment we made off the loans and how good it felt. My my second daughter was born that month as well so setting her up on the right path from the get go!
Me? I just work to get free energy tech out and obsolete the accounting for Our energy added into a system (money in any form). Thereby to allow Humanity to have access to what is Ours: a share of the wealth on Our planet.
The moneyed psychopaths in control keep Our wealth in "TRUSTS" (legal caps) with Them as the "TRUSTEES." We are very, very rich, but They want Us as servants, slaves, sex toys, and sacrifices.
"When you eliminate debt entirely, you exit a parasitic relationship." This is very true, I did this when I was 7 years old, of course following much of your very correct text, but more. I say you still missed the main reason I got out of the parasitic relationship, by using one technique beyond most of your text. All extra cash goes to 5yr CDs because they guarantee income at a return in double digits! I never buy anything beyond the next credit card payment in full, never buy stocks because I know I will never be the lucky 5%. The only ones that win with stocks are mostly billionaires that illegally inside trade 100% of the time. Following the above and the rest of your text, I never had a single mortgage, yet owned 5 houses on acreages. My current 10-year house on 275 acres cost only $115k and is now worth $600-800k, rising every day. The key is to buy everything cheap, and NEVER take out a single loan for ANYTHING, ever. By reading the type of lifestyle books you list and others, I was able to retire in my 50's and live in the forested mountain wilderness where land and housing are extremely cheap, yet a much better place to live for clean air, wildlife, hiking, solitude, etc., all critical for good health!
You Exposed what so few know Franklin: "Usury isn’t just financial—it’s spiritual extraction". Wow!
Thank you!
Thanks Albert! Yep, one of the oldest sins— and our modern society is built on it. But we can reverse course!
Save in PMs and pay cash for everything. Robert Kiyosaki uses debt to his advantage. Read his books to find out how.
Kenneth! Thanks for the comment — i forgot to mention Kiyosaki! I’ve read his books “Rich Dad, Poor Dad” and others— from taxes to investments. He’s also one I support as well when it comes to this topic!
Great plan, but it only works if we have already worked on our greed for material things……..our quest to accumulate „things“.
💯! We must get rid of this greed that’s been taught to us
Gold and silver are money. Everything else is credit.
Currency is for spending. Save in precious metals.
Hi Kenneth,
Texas Metals is now selling gold notes ... what's your take on these?
My preference is physical precious metals. I did just purchase some gold in the form of GGBR. It is easy to purchase.
If you are just getting started, Bill Holter says junk silver, pre 1964 dimes and quarters, are the best form of silver to own. https://www.xt.com/en/trade/ggbr_usdt
The gold notes contain 1/1000th troy oz of 24k gold, so it's physical. I'm interested simply because they would be more liquid than these $4,000 coins I have 😜 And Holter is correct about junk ... wife just told me my collection bought in 2020 is up $10k. Best of luck friend ~~ j ~~
I would exchange gold ounces for silver. The silver to gold ratio SGR is about to normalize. Historicaly the SGR is closer to 30 to 1 and now it is ~ 80 to 1. Silver is in short supply, so the SGR will correct.
Ed Steer follows silver closely and his last video is very compelling information.
https://youtu.be/diF97GqbjXo?si=WtbDqOOrhkboM5P8
Right on, keep stacking, thanks!
Worthwhile advice across the board. Understand that we are being bombarded with ads and marketed to death. They want to sell us everything under the sun and that traps most people into being constant or forever consumers...outside of essentials for convenient living. Except for perhaps the top 10%, all that consuming takes debt to support it.
After retiring about 10 years ago, I was making much less income. But my bills become much smaller too. I looked at all the money I had wasted on having and doing things over about 45 years of living. Even some of it wasted on "investments", but not on gambling or other vices like drugs and alcohol. I screwed up royally in many areas but somehow survived.
Today, my desire for things has vanished quite a bit. I am still kind of downsizing. My wife and I have no debts, some savings, cash and a few minor investments. I realized that a lot of things you think you need, you don't. In the end, you can't take it with you and it might become a nightmare for your heirs to sort out.
But what really matters is your HEALTH. I think many of those "financial" plans want you to save and invest for your last few years of life where you might not be so healthy. They want you to have a million dollars to spend on medical expenses and keep the system flowing in riches...at your expense.
Go ahead and save and invest and pay down debt...all decent things to do. But also pay attention to your health. For me that has meant staying out of the clutches on the modern medical system and all its poisons and miscues. My wife on the other hand is paying for her mistakes listening to brain dead doctors. Anyway, this has worked for me thus far.
And talk about the debt trap...those ideas about a 50 year mortgages will keep you trapped for much of your life. What craziness.
I've always loved the idea of being debt free (and I am except for a mortgage). And I love the idea of paying off the credit card expense as soon as it's incurred!
In my closet I have 50 yr old clothing. Back then, cloth wAs quality, pure cotton, flax, linen and silk. Sweaters were pure wool and shoes had thick leather soles. After the polyester conversion, those quality garments were slowly but surely eliminated to the point I have not shopped in 25 years. My quality furniture is 50 years old. Who doesn't have one of those ugly, boring enormous sectionals that their kids and dogs flop on at will, as the sagging sets in, so buy another? Kitchens laden with every known appliance when all you need is a gas stove. And of course, dishwashers for the lazy. Restaurants, fast food, DoorDash, Starbucks and manicures for the lazy. Think about the amount of money you've spent that I didn't.
Dave Ramsey’s wisdom set me on a great path. In 2021 I was swimming in debt (business loans, car loans, credit cards, overdraft etc.). If I was to have paid them over the course of there terms it would have taken me 5+ years. I cleared them all in a little over two through the snowball method. Still remember cutting up my credit card and saying no more of this shit! Since then what money we were paying out each month gets invested and is working for us instead. Only thing left is the mortgage and I’m overpaying that each month also aim to clear in 5 years. Never got taught anything at school about money/investment/management etc. and my family didn’t pass much wisdom on although my mum was always good at spending less than you earn. As Dave says when you follow this plan you get out of debt forever and get rich slowly over time through compounding, and in turn you change your family tree. I still remember the last payment we made off the loans and how good it felt. My my second daughter was born that month as well so setting her up on the right path from the get go!
Me? I just work to get free energy tech out and obsolete the accounting for Our energy added into a system (money in any form). Thereby to allow Humanity to have access to what is Ours: a share of the wealth on Our planet.
The moneyed psychopaths in control keep Our wealth in "TRUSTS" (legal caps) with Them as the "TRUSTEES." We are very, very rich, but They want Us as servants, slaves, sex toys, and sacrifices.
Trusts: The Big Heist Against Humanity (article): https://amaterasusolar.substack.com/p/trusts-the-big-heist-against-humanity
You Are a Multimillionaire (article): https://amaterasusolar.substack.com/p/you-are-a-multimillionaire
"When you eliminate debt entirely, you exit a parasitic relationship." This is very true, I did this when I was 7 years old, of course following much of your very correct text, but more. I say you still missed the main reason I got out of the parasitic relationship, by using one technique beyond most of your text. All extra cash goes to 5yr CDs because they guarantee income at a return in double digits! I never buy anything beyond the next credit card payment in full, never buy stocks because I know I will never be the lucky 5%. The only ones that win with stocks are mostly billionaires that illegally inside trade 100% of the time. Following the above and the rest of your text, I never had a single mortgage, yet owned 5 houses on acreages. My current 10-year house on 275 acres cost only $115k and is now worth $600-800k, rising every day. The key is to buy everything cheap, and NEVER take out a single loan for ANYTHING, ever. By reading the type of lifestyle books you list and others, I was able to retire in my 50's and live in the forested mountain wilderness where land and housing are extremely cheap, yet a much better place to live for clean air, wildlife, hiking, solitude, etc., all critical for good health!