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I I I I I I I I I I I I I I I |
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"What's up, babe?" |
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ULTERIOR MOTIVES |
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As if. |
"Need something?" |
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MARGINALIZATION |
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Yeah, Plenty! |
"Don't play stupid with me!" |
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LOADED FOR BEAR |
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Totally destroyed. |
"Good for you!" [Condescendingly] |
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UNTAMED |
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Beyond that. |
"Kiss off!" |
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INTIMIDATION |
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How come? |
"Thanks for wasting our time." |
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BLURTING & |
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How exotic. |
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SNOWBALL |
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"Teaching Kids to Be Money Smart" |
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1. Prepare your kids for a hard life, which every life is sooner or later. 2. "The older I get, the greater power I seem to have to help the world; I am like a snowball the further I am rolled, the more I gain." (Susan B. Anthony) 3. The secret of money: The longer & further along it is rolled, the more it gains. 4. Don't give kids an allowance. Give kids enough capital, or wealth, that the simple interest earned on that capital is their allowance. 5. Besides the capital, which is in the bank, give them a regular "operating budget," to cover such regular expenditures as their room rent, health insurance, "house taxes," school tuition, board (food), laundry, charity, savings (different from capital), and clothing. 6. Charity isn't a joke; encourage them to give something to someone or to some organization on a regular basis. If they are generous of spirit, other people can see this and will be generous with them. 7. Give them jobs! Pay them generously to help them accumulate capital. 8. If they have a surplus from their operating budget, encourage them to add it to their capital. 9. If they have a deficit, subtract it from their operating budget, averaged over the next twelve months. (Since most of the budget is "fixed," they'll have less to spend on clothes!) 10. Have them construct a triage (set priorities) of expenses they would pay and expenses they would drop in a financial emergency; for instance, they might decide to continue to pay room rent (if negotiated down), but to drop health insurance (too expensive). 11. Establish a "Board of Directors" to audit their books on a monthly basis. 12. Never let them diminish their capital! The sum of their education, experience and tangible wealth is their endowment. 13. To a kid, "growth potential" and "risk management" are hollow phrases, or empty promises; if a kid starts out with ownership of stocks with quarterly dividends, everything begins to make sense build wealth; then get fancy. 14. "Don't go into debt You're better off owning income, not debt." (David Daniels) There's a war going on: abusive lenders try to get people to accumulate debt, because from their point of view, it's capital! It's not capital from your point of view, though they try to make you feel that way. They feel real good, with their eye-candy fancy ads, implying, "So why shouldn't you?" 15. (a.) The poor buy goods; (b.) the middle class buys debt; (c.) the leisure class buys symbols; (d.) the wealthy buy investments. 16. If there's such a thing as secret knowledge, and there is, you can find it at SuccinctNews.com. |
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