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Who
Wants To Be A Millionaire?
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| Do
you often wonder if
you'll ever make enough money
to really do what you
want with your life? |
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| Are
you tired of struggling
through all of the frustration and the stress just to end up with a
meager paycheck? Tired of living your
life on a two week basis because you can't make any plans until
you know what you can afford with what's left over from your paycheck? |
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| Want
to escape the vicious cycle
that keeps you,
either, poor or just happy enough to get back on the rat race's frantic
treadmill day after day? |
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| There is a better way. Take My Hand |
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You don't have to live like that you know?
FMH has been gracious enough to provide me this forum and in exchange
I've
vowed to help as many people as I can.
Do It Now. Before it's too late.
Most
of you are probably accustomed to the "workaday" system of making
money. Problem is that most individuals can not earn the type of money
from
the "workaday" system that will allow them to be free from dependency on it and
truly attain a comfortable life with
no financial worries. Want to break the chains
that
bind you to the "workaday"
system and keep you in the poor
house?
Powerful Message.
Timely
Information.
Avail
yourself of the
best that is available to help you.
I will
be hosting the Chicago
Region information session(s)
in November 2006. I will have only so much room to accommodate guests
so space is
limited.
My purpose is to disseminate information with the fervent
hope that those in attendance will see
instantly & clearly the far reaching
financial potential of what I propose. Ultimately, those who understand
the offer may be given the opportunity to join me in a real world
business project modeled on the financial
advantage philosophy that I
espouse.
At
What Cost? 316
The cost is $316. Pay in February 2006 or March 2006
and your cost is only $265. Once you get
to the
door it's much too late to pay. Only those who pay ahead of time,
before arriving at the door, will be welcomed in; all others will be
turned away.
What
Must I do?
Request guest status
via email to goodlifeatfastmoneyhappens.com
You will receive a
reply explaining where or
how you can make your payment. Replace at
with @ before sending email. Remember:
- pay in February 2006 or March 2006 and your cost is
$265
- pay in April 2006 or after and your cost is $316
- you must pay in advance. you can not pay at the door
Request guest status
via email to goodlifeatfastmoneyhappens.com
You will receive a
reply explaining where or
how you can make your payment. Replace at
with @ before sending email.
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Wealth
From Wikipedia, the free encyclopedia.
(Redirected from Wealthy)
Wealth usually refers
to money and property. It is the abundance of
objects of value and also the state of having accumulated these
objects. The use of the word itself assumes some socially-accepted
means of identifying objects, land, or money as "belonging to"
someone¯
i.e. a broadly accepted notion of property and a means of protection of
that property that can be invoked with minimal (or, ideally, no) effort
and expense on the part of the owner. Concepts of wealth vary among
societies.
A person that is wealthy or
rich is someone that has
accumulated
substantial wealth relative to
others in that society
or reference group. The state of being
wealthy is a relative term.
The capitalist notion of
wealth
Industrialization emphasized the role of technology. Many
jobs were
automated. Machines
replaced some workers while
other workers became
more specialized. Labor specialization became critical to economic
success. However, physical
capital, as it came to be known, consisting
of both the natural capital (raw materials from nature) and the
infrastructural capital (facilitating technology), became the focus of
the analysis of wealth. Adam Smith saw wealth creation as the
combination of materials, labor, land, and technology in such a way as
to capture a profit.
The theories of David Ricardo, John Locke, John
Stuart Mill, and later, Karl Marx, in the 18th century and 19th century
built on these views of wealth that we now call classical economics and
Marxist economics.
Other concepts of wealth
Zero-sum game
Regardless of whether you define wealth as the sum total of all
currency, the M1 money supply, or a broader measure, which includes
money, securities, and property, the supply of wealth, while limited,
is not fixed. Thus, there is room for
people to gain wealth without taking from others and wealth is
not a zero-sum game in the long term. Many things can affect the creation
and destruction of
wealth including size of the work force,
production efficiency, available resource endowments, inventions, innovations,
and availability of capital.
Nonetheless, at any given
point in time, there is a limited amount of
wealth which exists. That is to say, it is fixed in the immediate term.
People who study short term issues see wealth as a zero sum game and concentrate
on the distribution of wealth. People who study
long term issues see wealth as a non-zero sum game and concentrate on wealth
creation.
Other people put equal emphasis on both the creation and the
distribution of wealth.
In the very long term the amount of raw materials is limited to what
exists in the universe. However, since the application of human
ingenuity to raw materials can transform these to
more valuable forms, the only
apparent limit to wealth creation
is human ingenuity.
Wealth as time
According to Robert Kiyosaki, author of Rich Dad Poor Dad, which has
been on the New York Times best seller list for 236 weeks now, wealth
is nothing more than a measurement of time. Wealth is simply how long
you can continue to live your lifestyle without any adjustments when
you cease working...[whether planned or because of downsizing, layoff, illness, firing, etc]. For
instance if you have a burn rate of $2,000 a
month in bills and expenses and $4,000 in the bank and you have no
other forms of income then you have a wealth measurement of 2
months.
If however you are simply able to increase other forms of
income, those
which are not the result of trading time for money, to a point where
they exceed your monthly burn rate you will effectively reach infinite
wealth. Wealth
exists without work; think of if you were the sole
income to your household and became
disabled how would your family be
impacted.
The creation of wealth
Wealth is created through several means.
* Natural resources can be harvested and sold to
those who want them.
* Material can be changed into something more
valuable through proper application of labor and equipment.
* Better
methods also create additional wealth by allowing faster creation of
wealth.
* Ideas
create additional wealth by allowing it to be created faster or with
new methods.
For example, consider our early ancestors. Building a house from trees
created something of greater value for the builder. Hunting and
firewood created food and fed a growing family. Agriculture converted
labor into more food and resources. Continuing use of resources and
effort has allowed many descendants to own much more than that
first
house.
This is still true today. It is more obvious to those working with
physical material than to a service worker or knowledge worker. A
cubicle worker may not be aware of how many ways their work is creating
something which is of more
value to their employer than the amount that
employer paid to produce it. This profit creates wealth
for the owners of the organization. The process also
provides income for employees, and suppliers, and it makes the
continued existence of the organization possible.
The distribution of wealth
In ecologically rich areas such as those inhabited by the Haida in the
Cascadia Pacific East Rim ecoregion traditions like potlatch kept
wealth relatively evenly distributed, requiring leaders to buy
continued status and respect with giveaways of wealth to the poorer
members of society. Such traditions make what are today often seen as
government responsibilities into matters of personal honor.
In modern societies the tradition of philanthropy exists. Large
donations from funds created by wealthy individuals are highly visible,
although small contributions by many people also offer a wide variety
of support within a society. The continued existence of organizations
which survive on donations indicate that our society has at least some
level of philanthropy.
Furthermore, in today's societies much wealth distribution and
redistribution is the result of government policies and programs.
Government policies like the "progressivity"
or "regressivity" of the tax
system can redistribute wealth to the poor or the rich respectively.
Government programs like “disaster relief” transfer wealth to people
that have suffered loss due to a natural disaster. Social security
transfers wealth from the young to the old. Fighting a war transfers
wealth to certain sectors of society. Public education transfers wealth
to families with children in public schools. Public road construction
transfers wealth from people that do not use the roads to those people
that do and to those that build the roads. Certain people resent
having to contribute to some or all of these programs and
disparagingly label them social engineering.
The act of redistribution itself has certain costs
associated with it due to the necessary maintenance of the
infrastructure that is required to collect the wealth in question and
then redistribute it. Different people on different sides of the
political spectrum have different views on this issue. Some see it as
unacceptable waste while others see it as a natural fact of life.
Proponents of the supply-side theory of "trickle-down" economics claim
that it is a form of time-deferred philanthropy. The theory is that
newly created wealth eventually "trickles down" to all strata of
society. The argument goes that although wealth is created primarily by
the wealthy they will tend to reinvest their wealth and this process
will create even more wealth. As the economy grows it is said that
more and more people will share in the newly created wealth. A similar
argument can be made in the case of Keynesian economics. According to
this theory government redistributions and expenditures have a
multiplier effect that stimulates the economy and creates wealth.
Supply-siders claim that wealth is created primarily by investment
(supply) whereas Keynesians claim that wealth is driven by
expenditure(demand). Today most economists agree that growth can be
stimulated by
either the supply or demand side and some of them argue that these are
really two sides of the same coin in the sense that you seldom get one
without the other. Nevertheless, the dispute between supply-side and
Keynesian economics is of continuing interest.
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