to be aware of what is coming. You will not be able to predict everything, but 80% will do. Make plans for your family, your career, your entertainment and your future. Only then you will know where to go.
Or as Zig Zigler said: If you aim at nothing, you will hit it every time
It is hard to visualize how big the debts is of different countries in the world, but to give you an idea take a look at http://www.wtfnoway.com/.
If you stack the liabilities of the US government in a stack of 100 dollar bill you will get a tower higher then the twin towers. This is really overwhelming. Yankees you are f@*ked. But I think that the Europeans aren’t better off…
Click on the link or on the image to get the visualisation.
Images in this post are created by http://www.wtfnoway.com/ .
Books are written about Getting to Yes
Say NO to overweight
Say NO to smoking
Say NO to drugs
Say NO to television
Say NO to mediocrity
Say NO to interruption
Say NO to small talk
Say NO to not having a plan
Say NO to not setting goals
Say NO to the good, to get to the best
http://www.youtube.com/embed/Af1zc0qhr8o
A couple of months ago I posted a lot of excellent video’s of Covers of the Leonard Cohen’s song Hallelujah. You might like this parody on the recession…
The US is at the edge of collapse, more than 75% of the economy comes from consumers and they don’t produce any physical products. Most Americans have to much debt and will get or already are into serfdom of the banks and credit card companies. So beware and behold of what happens to the Yankees, what is happening in to US will happen to the rest of the world 5 to 10 years later.
So take a look at the documentary “In Debt We Trust” and let this be a warning.
Today I just setup some auto-pilot payments towards debt payments and saving. I used to do manual payments from my Company to my private account. I planned to pay myself a fixed monthly payment just before I do my rental payment and debt payment. And the rest should be enough to life for in the month. I removed my credit card and any credit on my checking account.
Today I found out the bank has a nifty variable auto tranfer feature: You can transfer money to your savings account depending on your checking account balance. Every week everything above 500 Euro is transferred to my companies savings. This will protect my money from accidental withdrawels in case my bank card is stolen or skimmed. And I don need to think about paying myself anymore, and the excess money I earn will be put into my financial reserves…
I was inspired by Seth Godins post about credit and I discovered the site of Dave Ramsey. The last few days I read some of the web site and listened to some of Dave’s work on youtube and I got inspired. Just today I made a decision: I do not want more credit, I do not want to have more debt. So I cut our credit cards in pieces. From today onwards I only pay as I go.
Update:
And for my creditcard payment needs for e.g. websites, I applied for a prepaid creditcard (in the U.S. a.k.a. debit card) from Moneybookers.com.
This is my first step in My Total Money Makeover
Shai Agassi, a former SAP executive, has a very viable idea how to solve the oil-challenge in our transport system. It is a disruptive but simple idea. Just take a look at the video.