Black Money Business Jobs : Financial Planning

Discussion in 'Black Money Business Jobs' started by Shikamaru, Oct 20, 2012.

  1. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    How would you define the term financial planning?

    Do you possess a personal financial plan?
    Do you know how to craft a personal financial plan for yourself?
     
  2. Egmond Codfried

    Egmond Codfried Banned MEMBER

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    The 1% who has all the money, power, wealth, assets, property is a closed society. I have seen how emissions in Holland, where poor people took loans to buy actions in a new get-rich-quickly scheme, lost their mony to the rich person who created this racket. A savingsbank folded and people did not get their savings back, as some accounts were considered not part of government policy to emburse losses till euro 10.000.

    So can people really get rich, or just keep out of financial trouble?
     
  3. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    I'm of the opinion you can.
    One must increase their education and understanding of financial and economic subjects in addition to law.

    I say it begins with knowing and understanding the difference between assets and (private) property.
     
  4. Thelma Jackson-Smith

    Thelma Jackson-Smith Well-Known Member MEMBER

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    Can you expand on this?
     
  5. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    Sure.

    This is a taxonomy of my own creation.

    Property, in the context which I use it, is that which is private and held in allod.

    For purposes of illustration, we'll use a laptop.

    An asset is property with an estimated value attached thereto.
    The aforementioned statement presumes this property is in commerce and for sale or exchange.
    If the property is in commerce, there will be rules, regulations, and taxes attached by government.
    In most instances a given asset will have multiple parties that have claims to this property.

    If I possess and enjoy the laptop, that laptop is my private property. It is not for sale or trade. No need to attach an estimated value to it either.

    If that laptop will be sold for FRNs, this is being in commerce. That transaction will likely be subject to taxes for the privilege of exchanging an item of value for FRNs.

    An asset implies an estimated value as delineated in FRNs.
    Property is something held privately and absolutely by one owner and one owner only.

    Most people practice commerce (to their detriment in most cases). Few practice private property.
    If you don't have property, you don't have much of anything.

    If I need to break this down more, simply post more inquiries.
     
  6. dunwiddat

    dunwiddat Well-Known Member MEMBER

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    I believe the greatest investment is in property. Land will never depreciate. I believe we as a people just spend but do not have long range thinking. We probably plan for other things, but when it comes to financial planning we just stumble along.
     
  7. Thelma Jackson-Smith

    Thelma Jackson-Smith Well-Known Member MEMBER

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    This is very well-written advice.

    I take this to mean that you need to own your property instead of renting it.

    I feel like I want to cry every time I see someone go to places like Rent-a-Center for a $200 TV. You'll end up paying over $1,000 by the time you finally do own it.

    If you save up your money, you can get the same TV PAID OFF in about a year or so.
     
  8. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    A person is acting on two fronts i.e. one is private. The other is public.

    The private front is your personal business outside the sphere of government, corporations, banks, and other organized companies.

    The public front is commerce, government, corporations, banks, etc.

    Most people do not seek to acquire (private) property. They seek to acquire interests in other peoples' property or grant others interest in their property such as a loan, mortgage, bond, note, etc.

    Assets implies that more than one person has an interest in it.

    If one starts practicing private property and less of equitable interests, your financial situation will turn around.
     
  9. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    A few definitions to get this started in earnest.
     
  10. Shikamaru

    Shikamaru Well-Known Member MEMBER

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    One more ....

     
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