Wednesday 3 September 2014

Holes in the Finances - 10 Rules to Avoid Squandering your Wealth

Holes in the Finances
Ten Rules to Avoid Squandering your Wealth

1) Don't get into businesses you don't understand...you might only gain some understanding of them once they have swallowed your fortune.

2) Don't get into businesses you are no good at...a pat on the back from your pal and a like from your girlfriend on Facebook might not cut it in the real world.

3) Don't get involved with agents you don't know...they might be here today, gone tomorrow...with your money.

4) Don't store your wealth in volatile worthless currency, instead convert it into real wealth, commodities, gold etc. Something that has value in itself is better than something given artificial value by the manipulations of government and central banks.

5) Don't put all your eggs in one basket, baskets of eggs often fall to the ground...leaving you with no eggs for eggs and no eggs for pancakes.

6) Don't go telling everyone your ideas before you hatched them...people have a knack of taking your ideas and then claiming they are their own when the dollar signs register on their eyeballs.

7) Take note of your real friends in the stage of poverty and weakness...In the stage of strength and riches, your friend list seems to grow along with your bills.

8) Make sure your spouse married you before you got rich...if this needs explaining then you obviously never read celebrity news.

9) Make sure you live in the right country...somehow people have been mind controlled into accepting the principle that half your wealth belongs to the government, some governments are better than others but they all seem to be thieves operating an exploitation racket.

10) Don't waste your money on a whole load of stupid expensive things you don't need....if you really needed them, you would have died before you became rich.

7 comments:

  1. These are well thought out, and valid. It is not wise to assume people en masse are critical thinkers. Thank you for this.

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    1. Thanks Tierza! I only did this a few minutes ago....ah now I remember why I did it, I saw an article on '25 Athletes who squandered their fortune' So I thought I will help the next bunch of rich athletes...as long as they read my article (and if they are moral and generous...they can pass me a few bucks) :)

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  2. Abdullah julaibib3 September 2014 at 11:52

    explain point 4. how is it feasible as u'll keep reinvesting ur profit? or r u talking about idle money that ppl keep in banks?

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    1. The wealth should be converted into solid objects of worth rather than relying on the international worthless currencies that can become void overnight. If you have $1 million then convert it into one or several things of worth that can't fluctuate so dramatically in value due to their intrinsic benefit... Obviously even 'real' wealth is not immune from fluctuation and destruction but it can be a good deal more solid than those things left to the whims of external decision makers 'We are freezing your assets' or 'We are nationalizing all private funds' or 'We are doubling the exchange rate' or 'there has been a hyper inflation rendering your suitcase more valuable than the banknotes which fill it' etc.

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  3. This comment has been removed by the author.

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  4. No gaste di no tiene dinero. Si necesita dinero busque trabajo..No busque un novio rico porque sale mas caro el caldo que las albondigas

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    1. ok Patricia well if we didn't spend anything then that will help save it :)

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