How to Use This Daily Habbit To Become Automatically Rich.

Photo By: Worldofstock.com

Hello all. I want to share with you a daily habit that will make you rich automatically. This daily habit will take a lot of self discipline, but done over a period of time can become a habit that makes you rich. This technique/daily habit is what most rich people do everyday. I learned this 3 years ago, and I have to admit it is hard to stay persistent with this daily habit. But I hope you see why this daily habit, does make you rich automatically.

Instructions

Difficulty: Challenging

Things You’ll Need:

• Self-discipline
• Motivation
• 3 piggy banks
• Loose Change to Start off
  

Step1

This daily habit, will make you rich. This is an automatic system that very rich people use ever day, but it takes a lot of time and self-disciplined effort on your part.

This technique is called paying yourself first. This technique can become a daily habit which will ultimately make you very rich in the long-run, if you stay committed to it. First. you need to purchase 3 separate piggy banks. You can buy these at Walmart or the 99 cents store. It doesn't matter where you purchase them. Just have 3 separate piggy banks. Next you want to put labels on each piggy bank. The first piggy bank you need to label as "Investing"
The second piggy bank Label should be called "Saving" and lastly the third piggy bank should be labeled "Charity"

Step2

Second, You need a jar of money next to this piggy bank. The jar can contain dollar bills and or loose change, dimes, nickels, cents, quarters etc. The first thing you need to do each day is set a limit for how much money you want to put in each piggy bank every morning. I suggest start off small. Put in 1 cent in each piggy bank every morning, and consciously look at which bank you are putting your money into. The reason that you want to do this, is because you want to fill up your piggy bank and cash it in and pay them to their respective places. To become rich the 3 labels, Investing, saving, and charity are the first 3 places money should be going. These 3 labels are what the super rich people spend most of their money on. This has become a natural habbit for them.

Step3

Thirdly, Cash in the amount of money when the piggy banks are filled up and put the amount of money into investing on something that will bring you back money, and savings to save for a rainy day, and charity to help out a cause or some event or organization that needs money. The reason that the dollar amount doesn't matter when putting money in each piggy bank because what you want to work on is the daily habit of putting your money in places that grow your wealth over time. It becomes much easier in the long run to pay yourself first when you get into these daily habits of putting the money at the start of
the day into the 3 places that matter most. This is a technique and habit used by the super rich, just they do so in larger sums of money. But eventually this discipline pays off big time in the long run, and assist you in becoming rich automatically.

Why The Wealthy Are Purchasing Gold and Silver.

Hello all.
The U.S dollar is headed for a complete collapse. With the new stimulus package that Barrack Obama has put in place, there is going to be what is called "hyperinflation" Hyperinflation is bad. It means that there is too much money in the system. When there is too much money in the system, this makes the value of each dollar goes down. If his administration continues to pass on these stimulus packages and pump in trillions of dollars into the system, we as Americans are headed for some heavy financial burden in the future.


Barrack Obama and Economics
On the level of hope and idealism, I think Barrack Obama is a great leader. His persuasive positive influence and his way with words are probably the best I've seen in a long time. He is a great model and inspiration for many Americans to follow. I am glad he is the president, as he is the voice of hope, and change in this country. However in terms of money, economics, and fiscal policy, he is not doing anything different than what George W. Bush has done. He is continuing on the same path of complete destruction for Americans financially. A great president for Americans at this time in history? Yes, but I don't know if he or the people he surrounds himself really understand the microeconomics of the financial debacle that is taking place, and will continue to take place due to his actions of passing a stimulus package.



What The Stimulus Package Really Does.
The stimulus package that is in place, is like putting a small bandage on a wound that needs stitches. It is going to appear like the economy is going to do well in the short-term, but the long-term damage is too severe. The damage is sever because this has been a problem for a long time, that is only now getting media attention. The long term effects of these stimulus packages are devastating to the future generations. We owe trillions of dollars to China, and we are going to put billions of it back into the system? This money that is being put into the system, is printed money by the FEDS that comes out of thin air. They are creating their own money,and getting away with it. This stimulus package is not "real money" and Americans are running on borrowed time and money.

Why the Wealthy Are Purchasing Gold and Silver
The wealthy people that understand monetary policy, have been and continue to invest their money in commodities like gold and silver. Gold and silver are considered to be real money. Gold and silver have stood the test of time throughout the ages. Wealthy individuals understand the the dollar is loosing value fast, and are taking action by trading their U.S Dollars into something more valuable such as gold and silver.
Gold and silver will produce an enormous amount of wealth in the long term.
The wealthy understand this, while the fake rich think that the more U.S dollars they accumulate the more richer they become. If you want to be wealthy in the long term, begin looking at gold and silver as an investment. Read books, and talk to people that understand these commodities. I advice people to study and thoroughly research any investment before making a purchase.

In conclusion, the stimulus package looks good in the short term, but the long term effects will be catastrophic. It creates more money into a system thus bringing the value of each dollar down. It will bring it down so low, that eventually a U.S dollar will be worthless. As the dollar goes down, commodities such as Gold and Silver rise because people stop believing in holding on to worthless U.S dollars, and begin to purchase gold and silver to ultimately grow their wealth.


+Baker

Knowing People's Fears

Hello all.
I want to know everyone's fears. Why ? Because fear is what makes or breaks most people. Fear has the ability to transform your life into positive action, or a state of even more fear and lost of identity. When you know people's fears you tap into their past more than anything else. We are a sum result of the conditioning that we were given ever since we were young children. So, when someone fears a certain thing, know that there is a lesson to be learned. When we don't face our fears we are steps behind the learning curve. Being honest is the first step to overcoming any fear. We need to realize that there is a lot of misleading information in the news and the world today about fears of the economy. What we need now are more leaders to step up and be honest with what is really going on, so we can begin to work on the problems that are rising. However we must look within ourselves first to find the solution. Don't depend on media to be the outlet of truth for you. Know your fear and embrace it. This is the first step in getting to where you want to be. If you are afraid of what is going to happen in this current U.S economy, then accept that fear first, and then take the action steps necessary to get to where you want to go. This blog will assist you in doing so. One step at a time.



+Baker

Why Wealth Begins With The Right Mindset.

Hello all.
Before wealth manifests into reality, you need the right mindset. Do you want to be wealthy? That is something you need to ask yourself first. Having the positive attitude that you can actually be wealthy is where it all begins. Wealth is not attracted to those that have a poverty consiousness, it is attracted to people who have a wealthy consiousness. If you believe in your mind that money is the root of all evil, some way that will be true for you, and events and experiences will come quickly in your direction that validate your belief of money. If however you truly believed that money is good, and give you more freedom and options in life, than you will see events and experience opportunities that present themselves to you in a manner that allows you to see freedom and goodness that money can bring.
Money is simply an idea. It takes on whatever form you believe it to be. When you start to see money as an idea, you will then be urged to start changing your views on money, if that's what you want. There really is no reason why you can't be wealthy financially. But first you need to know what your idea of money is. The right mindset is making the choice to be wealthy. When you make this choice, the action steps will present themselves to you accordingly.

Wealth begins with the right mindset.


+Baker

The Financial Crisis and Your Energy.

Hello all.

The financial crisis is real. People are losing their homes, jobs are being lost, and the dollar is headed for a complete collapse. The numbers are true, and so are the hard facts. This is something I am aware of and have predicted since 2004. I know that many people are running on borrowed time, and times are rough. However, I believe that many people are being conditioned to be more fearful than is necessary. They are being misled by the news and the people in power that the disaster is really bad.

The only thing that is really bad, is the majority of people’s energy level as this event in history takes form.

Yes, many people will lose the material things that they once had, but how they react to it is the deciding factor in the future state of consciousness in the world. When you loose everything you have, what is left over? At your core what kind of being resides within you?

I know that the fears of people will only lead to more fear, and eventually a state of surrender, Surrender is a natural law in the universe, that is state of being in which you let go of everything, emotional, material, mind etc. This state of being is the only way that the human consciousness will reach the next level. (More of the topic of surrender on future posts)

I see this coming into fruition as we speak. I am aware that there are only a select few that understand the words I present here. The few that understand this will be called the light workers. You are the light workers who intuitively get this feeling that I've felt for sometime now. The feeling that we will need to go through this financial collapse in order to restore the human consiousness. Your duty is to spread the ideas of hope, love, and unity in times of economic disaster. Your mission is to bring light into this world, by doing what you love and providing value to people by teaching them to do the same. You may face obstacles and people will try hard to veer you towards your mission, but rest assured you are being guided, by light that is all knowing and bigger and more powerful than any crisis imaginable.

There is much opportunity to grow your wealth in these times, both financial and spiritual, if you listen to your inner voice. Your inner voice is constantly sending you messages for ideas that will spark this new age in human consciousness.

Many people are beginning to wake up to this reality. The money will come, but we must first tune into the type of work that brings us joy and excitement. The old industrial ways of hard work won't apply in this new era. When you strengthen your talent and trust in the universe, you will reap rewards, but the rewards will come in many different forms, it can come in large sums or money or it cannot. During these times, the energy positive or negative determines what you will experience.

Gratitude,
+Baker

The Current U.S Economy-The Extinction of the Middle-Class.

Disclaimer: This is an article I wrote in college in July 2008. However Ideas expressed here on the U.S economy are still relevant for the future.

Written By: Kevin Baker Jacinto

The U.S economy presents a lot of fear in the hearts of many Americans. The U.S economy is feared by most middle-class families, and it has to do with wrongful information that is being presented in our society and media. Does the fear of the U.S Economy stem from historically high prices for gasoline? Is it the increasing rate of Americans losing their homes due to Foreclosure? Or maybe it’s because the value of the U.S Dollar is decreasing?

The truth is that the middle-class Americans are faced with an interesting dilemma in the United States. This fear is that the dilemma is that the middle-class will be whipped out in the near future. The unseen and real fear is that middle class as we have come to understand it will no longer exist. The idea that the middle class will diminish is a fear unseen by the majority of people living in the United States. With the historical higher gas prices, housing crisis, and the dollar loosing value at historical rates, we will see this reality come true in the very near future. This is an interesting time in history where middle-class Americans need to be careful where they put their money. It is where they place their money today, which will decide if they are in the rich or poor class in the future. In the near future, America will split in half between the rich and poor class. The downward economic collapse that we are starting to witness in America will only get worse, if we are not careful with our money. The upcoming U.S economic collapse is the cause of the split between the rich and poor class, in effect diminishing the Middle Class in America.

I went to the gas station the other day. It personally took me $50.00 to fill up my gas tank! I drive a 2004 Toyota Corolla. I enjoy my Toyota Corolla as it is safe and fuel efficient and even with higher gas prices I know I’m saving money in comparison to other cars. The thought occurred to me, how much the larger, less fuel efficient cars would take to fill up their gas tank? I can only begin to wonder how these prices are starting to really effect the cost of living for Middle-class Americans. I do know that many people are feeling the pinch in their pockets as the price of gasoline continues to reach historical levels in pricing. An editor from Multinational Monitor contends, “ In the scope of a year, the price of oil has doubled-and prices in the $90-a –barrel range are quickly becoming normalized” (p.1). What happens if the prices of gasoline continues to increase?

I do know that gas prices are at historical prices, mixed in with millions of Americans losing their homes, and the dollar loosing value combined all together is a major fear for Middle-class Americans. This is a reasonable fear. These three factors higher gas prices, housing crisis, and the U.S dollar dropping in value, are more heavily felt by the middle-class American. It is more heavily felt by Middle-class Americans because the rich class (generally speaking) don’t feel the pinch as much as the Middle-class American does, it doesn’t hurt a multi-millionaire that he/she has to pay an extra dollar or two on gasoline per gallon. The poor class don’t normally have cars so they are not being directly affected by it as far as money is concerned. It was not the poor or the rich people buying homes in 2004-2007. It was the middle-class purchasing homes because it was so readily available. This middle-class that bought these homes at the peak of the market now are at a devastating dilemma in where they have either lost their home, endanger of loosing their home, or are hanging tightly to the home by barely making their mortgage payments. The middle-class needs to wake-up to these economic times we are currently facing, and choose what side they want to be on, the rich or the poor, the clock is ticking. It is what they Americans do with the money they have that will catapult them into the rich or poor class in the very near future. The U.S economy will collapse and the middle Class of America will become extinct. Christian Wedller the writer of The Middle Class Falls Back, Wedler contends that, Middle-class families are clearly struggling financially. In September 205, the average two-earner family needed to work 32.0 weeks to pay for taxes and a range of middle-class items (health care, housing, college, and transportation)”(p.1). This is why the middle class will be extinct because they are the social class that are getting squeezed, because it is the middle-class that are the primary social class purchasing these necessities.

Still there are many that are more optimistic about the state of the economy. The opposing side would argue that they absolutely don’t see the middle-class diminishing anytime soon. Most of these that feel that the U.S economy is solid and will continue to grow strong in the future. Some feel that economic times will get better and that for the most part, the middle-class will remain strong economically in America.
According to Jack Malehorn a writer for the Journal of Business forecasting, Malehorn states, “Economic Consensus Outlook remain steadfast in their belief that the economy will continue forward into the year ahead, though at a slower rate”(p.1). They feel that the economy is going to continue to be solid, and middle-class American’s shouldn’t worry.

Gas prices

The fear of gas prices is that we are paying too much for it. Americans are used to paying cheap prices for gas. Well the whole idea of global warming coming and how the gas we use pollutes the air, should be a wake up call to Americans to move towards energy efficient vehicles such as electric cars. You see it’s all really connected. The fear of gas prices and not being able to pay for gas means switch the car you are using, not only will you be paying less, but also you will be saving the Earth. Reporter Peter Katal contends, “But as 2008 began, American drivers were paying more than $3 a gallon, and crude oil hit a milestone — $100 a barrel. Some oil experts warn of even bigger price shocks to come as oil-producing nations use more and more of their own oil, and energy demand jumps 50 percent by 2030” (p.1).

Another expert agrees and is also concerned about the high levels of prices in the U.S. is Thomas Billiterri. Billiterri contends, “Pressed by rising gas prices, highway gridlock and global-warming concerns, cities are spending unprecedented amounts on public transit systems — from streetcars and other “light-rail” lines to commuter trains and rapid-transit buses.”(p.1). The growing gas prices makes it much more difficult for families in the middle-class because they are the ones that feel the pinch in their pockets more heavily. The really poor in this country don’t drive cars, and the really rich in this country aren’t directly effected by higher gas prices. So the middle-class hardworking citizen of America is the person that is becoming effected by this and the high price of gas is definitely effecting their lifestyle and forcing them to contend to lower standards of living.

The flip side of the higher gas prices, means that more Americans will start going into purchasing energy efficient vehicles such as electric cars, or other high-tech energy efficient alternative technologies. Mary Cooper states, “Proponents of renewable fuels say non-polluting hydrogen could not only help end U.S. reliance on Middle Eastern oil but also dramatically reduce air pollution and emissions of carbon dioxide, the main greenhouse gas linked to global warming.” This will save many Americans money along with helping out the environment.”The middle-class American who is looking forward to these new alternative technologies are confident in the U.S economy, seemingly always finding a way to have the pros out-weight the cons”(p.1).

Housing Crisis

The housing crisis in America is another major fear within the U.S economy. Many people are loosing their homes due to foreclosure. According to Marcia Clemmitt “The average American today can’t afford to buy a home at current prices”(p.1). Robert Hardaway, a professor of law at the University of Denver. “The average home in California costs $500,000. You can’t afford that home.” But easy initial mortgage terms made many buyers believe they could, which led to today’s record defaults and foreclosures” (p.1). This foreclosure crisis forces people to rent, or remain homeless. This is bad for the economy, because as the dollar losses value, rents go up and the real looser is the person that is renting. The housing crisis took place because loan companies were giving fake loans to potential buyers. In other words many people between 2003-2007 were able to purchase homes that they otherwise couldn’t afford. This has led many Americans into foreclosing their home and being forced to sell.

According to Marcia Clemmit, “More than 2 million borrowers will lose their homes to foreclosure because of subprime mortgage lending in recent years. With the housing market booming, lenders enticed many lower-income people into buying homes they couldn’t afford by offering adjustable-rate mortgages (ARMs) with temptingly low initial teaser interest rates.” The more people are loosing homes and becoming homeless, the idea of the middle class diminishing is starting to become clear.

The housing crisis is definitely taking it’s toll on American families. There is a specific example which illustrates this point further. My close friend bought his home in 2005 pretty much at the peak of the market in his area. His intention was to sell it for a quick profit. He realized that the price of his home started to loose value the moment he bought it. He no longer could afford his payments on his house, and the price was dropping tremendously. He was devastated. In 2007 he, like many other Americans who bought property at the wrong time, put his house for sale, and ultimately had to claim for bankruptcy. He could no longer afford the home and now the bank owns the property. He now lives with his grandma in a small 2 bedroom apartment in West Covina, and although he is employed, he struggles to survive with the circumstances he is faced with. My friend says, “ I didn’t know what I got myself into, the housing mess has been tragic, for my finances! ” The unfolding of the split between the have’s and have-nots are starting to become evident with this major housing crisis. With the “have’s” owning a home and the have-not’s worried about renting a place to live in and struggling to pay their rent. Lorna Bourke an editor for Money Marketing states, “Rising house prices are widening the gap between the relatively wealthy and the less well off and are in danger of excluding sectors of society from ever owning their own homes” (p.1).

Still few argue that the housing crisis is now over, and now is the perfect time to buy a home. The middle-class individual who has money saved up, good credit, solid proof of a steady income are now looking at homes way below market value. This is a good sign for first time buyers, and the opportunities for the people that want to buy homes the “right” way are optimistic about the housing market, and for that matter the state of the economy. It is actually a great time for real estate investors to start buying while the prices are low, as they can watch their property appreciate in the long-turn. The real estate market goes in cycles, the Real estate investor knows this, and will time the market to his/her advantage, making huge profits if he/she “plays” is right.

The collapse of the U.S Dollar

It is reported that the dollar is loosing value by 20% annually “According to David J. Lynch of U.S.A Today “The past seven years, the dollar has lost 40% against an index of U.S. trading partners’ currencies. That’s given U.S. exports a boost, making them less expensive for foreign buyers. But it’s made imported products more costly and given American tourists in Europe sticker shock”(p.1).

The U.S dollar is losing value. An item worth today at $1.00 is going to be worth much more than that in the future. So what does the average American do about this reality? First of all they fear and worry. Then after they get over that, they save their money. They save their money in banks and trust in mutual funds. This idea is not smart. The reality that you are saving money that is not really worth anything In the future is a bad idea. The reason that most people fear the dollar loosing value is because most Americans don’t understand money. They think that the more they save the more they will have. Contrary to popular belief saving dollars and the realizing that the same dollar someone is saving is loosing value is the biggest scam in America.

According to Grant, “The dominant global monetary asset is, of course, the dollar. But what is a dollar? It is a piece of paper (or an electronic impulse) of no intrinsic value. The dollar is money by dint of government fiat. The eminent monetary theorist Ben S. Bernanke, now a governor of the Federal Reserve Board, has observed that the cost of producing a dollar is trifling and that the government can produce as many dollars as it wants”(p.1).

The collapse of the U.S dollar means that many Middle-Class families that are working hard for the money either invest it wisely and grow their money and join the Rich in America or throw it away with things they can’t really afford. This is a problem because as the middle-class begins to wake up to the idea that their dollars are loosing value, they will save more, but saving more just means more worthless dollars saved up. The weakling of the U.S dollar places the average Middle-class American in a place where they don’t want to be, “savers of money that carry very little value in the future.”

There are few that would say that the dollar will never crash. The dollar will be strong in the future. The U.S dollar being strong means that the middle-class trusts in the Feds ability to continue to print out money out of thin air. The argument is that if we had a strong dollar then the middle-class would still exist.

So what do these fears of the U.S economy really mean? How does it tie into the diminishing middle class? The fear of the U.S economy is that many Americans are starting to see the warning signs of the split between the rich and poor. The three warning signs that are causing a split between the rich and poor, is the higher gas prices, the housing slump, and the value of the dollar dropping.

Firstly, it is the middle class that gets most affected by higher gas prices mainly because they are the ones that drive the most to work and school. If the prices of gasoline continues to increase, the middle class will no longer be able to afford the price of filling up their gasoline, thus sinking into the poor class. Secondly, the housing crisis has affected mostly the middle class because the middle class were the majority of people buying houses at the wrong time and are now, or will soon be losing their homes, placing them in the lower class. Lastly the dropping dollar affects the middle class the most, because they are the ones that spend the most on basic needs and with a weak dollar the spending needs to be cut back or invest into assets, or the middle class will drop to the poor class.

The flip side is that the rich don’t worry too much about these economic issues as they have more than enough money to glide through these financial times. Also, currently the poor have very little to no money so they aren’t readily affected by the economic crisis. The economic crisis is a crisis for the Middle-class American. Depending on where they invest their money today, they will either fall into the poor or rich class. The rich buy assets that go up in value while the poor try to survive on the little that they have. It’s time for the middle-class to decide where to put their money. The rich and poor class split is only seen among the select few that understand the severity of the upcoming U.S economic collapse. To understand what is going on is to be better informed with the realties all Americans are faced with today.

There are several arguments whether The U.S economy will collapse or not. Depending on what side of the fence you stand regarding this issue, the facts are still clear cut and dry. We have been in this predicament before. I think with the rate at which we are going that America will soon see this split between the rich and poor class very clearly. The middle-class is diminishing, choose a side.

RESOURCES

Billitteri, Thomas J. “Mass Transit Boom.” CQ Researcher 18.3 (2008): 49-72. CQ Researcher Online. CQ Press.. 12 July 2008 .

*Bourke, L. (2006, November 16). “Housing Elite.” Money Marketing

Retrieved July 22, 2008

http://libproxy.lib.csusb.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=buh&AN=23652556&site=bsi-live

Brandon, H. (2005, June 15). Official Sees Strong U.S Economy Southeast Farm Press Retrieved July 14, 2008 http://web.ebscohost.com.libproxy.lib.csusb.edu/ehost/detail?vid

Clemmitt, M. (2007, November 2). Mortgage crisis. CQ Researcher, 17, 913-936. Retrieved July 13, 2008, from CQ Researcher Online, http://library.cqpress.com.libproxy.lib.csusb.edu/cqresearcher/cqresrre2007110200.

Cooper, M. H. (2004, February 20). Exporting jobs. CQ Researcher, 14, 149-172. Retrieved July 12, 2008, from CQ Researcher Online, http://library.cqpress.com.libproxy.lib.csusb.edu/cqresearcher/cqresrr

Grant .J (2003, December 22). The Case for Silver

Retrieved July 14, 2008. From Forbes Magazine

Posted by +Baker at 12:54 PM 0 comments

Robert Kiyosaki Was Correct in his Prediction of U.S Economy.

Robert Kiyosaki Was Correct in his Prediction of U.S Economy.

Photo Courtesy Richdad.com

In 2002 a book written by Robert Kiyosaki entitled, Prophecy: Why the Biggest Sock Market Crash In History Is Still Comming… and How You can Prepare Yourself and Profit from it!

This book was written by Robert Kiyosaki author of the best seller Rich Dad Poor Dad. He talks about in this book (written in 2002), about the economic events that are happening now in 2008. I read this book in 2004 and was not sure if I believed all of it, but I kept the ideas back in my mind. From that point on I have been diligently studying economic trends, with a strong concentration in real estate cycles. The main point of the book is that in 2002 he saw the stock market crashing, like it is doing today (2008), and he provides reason for this market crash and he also discusses what practical things people need to start doing to prepare for this collapse in the economy.

In 2002 he made the following predictions in
his book that you might consider:

1. Millions will be left destitute in old age.

2. Medical care will get even more expensive.

3. Terrorism will increase.

4. Japan, currently the world’s second largest economy, is on the brink of financial collapse and depression.

5. China will become the world’s largest economy.

6. The world population will continue to age.

With that said, this blogs intention was to reiterate some of the previous blogs I’ve been posting about the split between the Rich and Poor in America, and the U.S economic collapse. I have a quote from Robert Kiyosaki’s from this book Prophecy , in his own words:

“One thing is for certain, he gap between the haves and have-nots in America and the world will definitely widen. Those who move with these global changes will become richer than ever before.”
-Robert Kiyosaki

Prophecy (2002).

I’m ready for this are you?

+Baker