Skip to main content

The History of taxes and the power of corporations

The reality is that the rich are not taxed. It's the middle class, especially the educated upper-income middle class, who pays for the poor.

Every time people try to punish the rich, the rich don't simply comply. They react. They have the money,power, and intent to change things.

If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.

Knowledge is power. And with money comes great power that requires the right knowledge to keep it and make it multiply without that knowledge, the world pushes you around.

"Be smart and you won't be pushed around as much."
"If you know you're right, you're not afraid of fighting back."

Each dollar in my asset column was a great employee, working harad to make more employees and buy the boss a new porsche.

Financial IQ is made up of knowledge from four broad areas of expertise:
1.Accounting is financial literacy or the ability to read numbers. Financial literacy is the ability to read and understand financial statements which allows you to identify the strengths and weaknesses of any business.

2.Investing - This involves strategies and formulas that use the creative right-brain side.

3.Understanding markets is the science of supply and demand. You need to know the technical aspects of the market which are emotion - driven, in addition to the fundamental or economic aspects of an investment.

4.The law - A person who understands the tax advantages and protections provided by a corporation can get rich so much faster than someone who is an employee or a small business sole proprietor.

Comments

Popular posts from this blog

Maximizing Your Profits with Scoring

SETTING YOUR MAXIMUM INTRADAY TRADING LOSS First things first: set a max intraday trading loss. There will be days when you just do not have it. Why do you think coaches pull their players when they are not playing well? They are more harmful on the field than off. When you are underperforming, you are hurting your team and your trading business. You need a system to yank yourself over to the bench. A stop loss is your answer. TRADING BASED UPON THE TIME OF DAY A good trader makes note of what time of day it is, when he trades most profitably, and adjusts his trading to fit such times. Your numbers at the end of the month will not reflect your true trading potential. Make the most trades with the most size during the trading periods that statistically are most profitable for you. Money saved during your weaker trading periods is money earned. Consistency The fact is that most trades you make will start working for you right away. But the new traders also hold stocks that are trading ag...
 Loss is painful, guilt can be devastating. Worse than losing one's dream is the knowledge that the loss was self-inflicted. Problems are solutions that have outlived their usefulness. Problems are pattern that were learned in emotional circumstances during one period of life and that now have taken an existence of their own. Many times, outdated solutions replay themselves in a variety of life situations, leaving people mindlessly repeating their mistakes in work, love, and trading. There can be no free will for people who are locked into patterns developed for past challenges. Successful traders are therapists both learn to do what comes unnaturally. The resolution to problems can be found in what people are doing when those problems are not occurring. The problem with many traders is not that they have problems, but that they are focused on their problems. It is this problem focus that prevents them from appreciating what they are doing right, that blinds them to solutions alrea...

Wealth file #1 Rich people believe "I create my life" Poor people believe "Life happens to me."

You have to believe that you are the one who creates your success, that you are the one who creates your mediocrity, and that you are the one creating your struggle around money and success. Consciously or unconsciously, it's still you. Instead of taking responsibility for what's going on in their lives, poor people choose to play the role of the victim . A victim's predominant thought is often "poor me." So presto. by virtue of the law of intention, that's literally what victims get: they get to be "poor." That said how can you tell when people are playing the victim? Victim Clue #1: Blame Victims blame the economy, they blame the government, they blame the stock market, they blame their broker, they blame their type of business, they blame their manager, they blame the head office, they blame their spouse, they blame God and of course they always blame their parents. It's always someone else or something else that is to blame. The probl...