A Quick Motivational Speech

With 2011 upon us, its time you get angry. I need you to get angry because its essential for defeating the bullshit that society has taught you. Get angry at the credit card offer in the mail. Get angry at the store clerk who tries to sign you up for plastic slavery. Be angry even at the friend who asks to borrow money. We are a culture of debt slaves. Anyone who continues to perpetuate in it is the enemy.

We only have a specific number of days left on earth for each of us and our journeys are being stolen by dead end jobs, credit card payments and car notes. This crap can no longer be tolerated. You were meant to do, become and see much much more.

Don’t let them rob you of your precious years or your precious journey. Once you become completely 100% fed up, then and only then is when your true journey begins.

“Buy less, live more. F*ck the Joneses!!”

And You Thought “Ho-Ho-Ho” Was Just a Random Santa Claus Saying

All the malls across the land are currently filled with broke fucks.

As all of the malls across America fill up more and more each winter day with broke fucks who can’t pay their bills, I too show up at the mall. But its not for what you think. Trust me when I tell you: if you ever see me in the mall its because I’m there checkin up on my bitches. Allow me to explain.

A woman named Becky spends all of her money in a Gucci retail store on Christmas gifts for herself and select family members. By doing so, she then overdraws her account and starts using her American express for every day purchases including gas.

The wealthy like myself, immediately begin to pimp her with Exchange Traded Funds, Index Funds and Individual Stocks. This is exactly how:

Mutual Funds are essentially pools of money given to portfolio or money managers who then invest that money according to whatever they describe is that fund’s primary objective. The problem is traditional mutual funds charge too effin much. There are upfront fees, backend fees, expense ratios and the whole 9. Whats worse is historically speaking, these funds fail to beat the average return for the stock market as a whole.

So what do you do? Well its really what John Bogle of Vanguard did. He introduced the Index Fund.

Index funds ARE mutual funds only they have no one person managing them. There are no typical portfolio manager fees and 3% this and that. The expense ratio is often 0.25 percent or lower. This is because the company that offers you the Index fund doesnt do any trading, they dont try and time the market, its simply a computer that buys all of the same types of stocks in a specific Index.

An index of the same types of stocks could include one for all emerging markets overseas stocks, it could be made up of all clothing and retail stocks, it could be made up of all automotive stocks. But the key is that they buy pieces of the stock market and seperate them into indexes and hold them forever. Since before the beginning of time practically, this strategy has beaten 80% of typical mutual funds. For instance an index fund of all small company stocks that have been beaten up in price (called a small company value index fund) has returned about 18% since 1964.

And if you didnt know, 18% is HUGE when most mutual funds may return 4%-6% on a good day.

So to pimp the lady above, since shes addicted to consumerism, you’d buy the following investments:

A. The “VCR”  aka The Vanguard Consumer Discretionary Exchange Traded Fund (which is the same as an Index fund but is easer to purchase. It makes money from her expensive clothing purchases at places like GUCCI)

http://finance.yahoo.com/echarts?s=VCR+Interactive#symbol=VCR;range=5y

B. The Vanguard Financials index fund aka “VFAIX”,  which holds a group of banking/financial stocks, will make money for you by pimping her on that overdrafting shes doing on her bank account.

http://finance.yahoo.com/q?s=VFAIX

And finally C. You would buy American Express stock itself (AXP) and play all of the interest she’ll be paying to the credit card company very soon. All because she wanted to be a Gucci whore and lives her life based on what people think.

http://finance.yahoo.com/echarts?s=AXP+Interactive#chart1:symbol=axp;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

**REMEMBER: IF YOU DO NOT WANT TO BE THE WHORE FOR SHAREHOLDERS LIKE MYSELF THEN STAY OUT OF THE MALL AND LIVE LIKE NOONE ELSE SO THAT ONE DAY YOU CAN LIVE LIKE NOONE ELSE!!**

This is exactly how big money is pimping you everyday. I’m just showing you a peak behind the curtain. As blacks and latinos, we do NOT have to take part in this and instead profit off of America’s addiction to consumerism. But unfortunately we spend more than any other race in terms of percentage of our income

Aren’t you tired of it always being US who fund these guys college funds by now??? Now do you see what I’m trying to do here??

The Official Pledge of the Winner’s Circle

The Official Winner’s Circle Pledge:

1. I pledge to rearrange the Status Quo and stop spending all I have then borrow more just so I can keep up with the Joneses. By removing myself from the credit crack mindstate, I can stop being a slave to things I dont even own while I pass these values down to my children.

2. I pledge to destroy all credit cards sent to me and to promptly close out the ones I’m trying to pay off once I do so. I realize only a crackhead in their right mind would keep an account open that charges them 30% of EVERYTHING they buy. And thats not even including occasional late fees and over limit fees. I refuse to be that one idiot at Chipotle paying $10 for a burrito when everyone else in line is only payin $6. Just to “build up my credit score” so I can one day get even DEEPER into debt? No thank you.

3. I pledge to do all I can to educate myself and educate the next minority on how money works and what it is used for. I now realize money is a TOOL and is best used in exchange for more of the most precious asset I have: TIME. Time to not be a slave my whole life working a dead end job that I hate just to pay for things I never liked in the first damn place. Time to be able to spend the better part of my life fully experiencing and following my dreams. I realize that yes, money can be linked to happiness on some occasions, however, money is simply a TOOL. MONEY ITSELF is NOT HAPPINESS.

Ben Stein: How Not to Ruin Your Life

Ben Stein How Not to Ruin Your Life

Get It Right Today, Be Glad Tomorrow
by Ben Stein

My training in economics was in theories and in history.

Like all students of economics, I was trained in Keynesian economics. This basically holds that it is possible, contra Adam Smith, David Ricardo and Jean-Baptiste Say, the great geniuses of economics, for there to be prolonged periods of high unemployment if there are chronic failures of demand.

I also had a teacher who taught us about the Austrian School. Nice guy, but his accent was so thick I could barely make out a word he said. I think his lectures were about how rigidities in the system could interfere with economic equilibrium at full employment and also about how bad deficits are.

In other words, I had a lot of training in the theoretical. But now, in this bad recession, I find myself overwhelmed by the actual, as opposed to the theoretical. Friends are losing their jobs. Close friends, even very, very close friends, are losing their homes. Happy couples are turning their anger and fear against each other and losing their marriages and their children.

I see so much suffering that I never thought I would see. I am sometimes flattened by the tidings I get by phone, text and email. These are not stories in magazines or newspapers. These are terrible events happening to people who are close and dear to me.

Only You Can Take Care of You

Yes, of course I help them out. In fact, I worry that I help them so much I am setting myself up to be one of them. And if that happens, who do I call upon for help?

The Official ThisIsWhyUBroke.com/Winners Circle Awards 2010

It will soon be the end of one insane yet very eye opening and productive year for my team and many of the people I work with financially. With that being said,and to reward them for their valiant efforts, I’ve decided to do the second annual Winner’s Circle awards!!

Below, we will be congratulating the top of of the top as it comes to 2010 financial and life success as well as community activism. As an FYI, ofcourse I cant go into too much detail on each award recipient due to the nature of what we are discussing. However, they need to be reckognized for their amazing commitment to the readjustment of the status quo.

There are winners in seven categories: Best Income Increase for 2010, Highest Percentage of Income Saved During 2010, Best Commitment to Investing, Most Active at Bringing Financial Awareness in the Community, Strongest Natural Hair Advocate for 2010, Most Dramatic/Positive Financial Change from 2009, Best Overall Financial Performance for 2010.

Without any further ado…

Now presenting: This is Why U Broke! – The Show

http://www.xtranormal.com/watch/7931089