Category Archives: Book Reviews

It’s The Economy Stupid

financial-crisis

The following is an excerpt from my book Home Based Business Escape Plan. If you enjoy what you read here, you can take a look at the book HERE.

“It’s The Economy Stupid

I’m not going to give you a complete rundown on what has happened with the global economy since the 1950’s. If you want a user friendly version of that, I would suggest picking up James Altucher’s book “The Choose Yourself Guide To Wealth”. It has a very good synopsis of why things have gotten progressively more difficult economically, no matter what country you live in.

Here’s what I am seeing, though.
It is harder for families to make ends meet now than it was a generation ago. It is much harder to buy a house for instance. Why? A series of housing booms in particular and inflation in general have made the rise in housing prices outstrip rises in wages. Real estate ownership was traditionally the best way for middle class families to create and build wealth. Alas, no longer!

Let me give you some quick statistics on this. From 1950 to 2000, the average cost of a house in the United States divided by the average family income was about 2.2. (With the exception of the late 70s when the ratio was even lower due to extremely high interest rates.) As of 2010, however, that ratio has risen to 3.4! This basically means that on average a house costs 50% more than it has historically for the past half century. The result of this? Well, it’s more difficult for people to get into home ownership, for one. Two, all those people who lost their homes in the recession will have a much harder time getting back into home ownership. And, since people have to live somewhere, rents have risen. It’s the iron law of supply and demand, and it’s not working in the favor of the average American family. The bad news isn’t just in the housing market. It’s systemic!

In my parents’ generation, there was a sort of social contract between employer and employee. No longer. The average stay at a particular job is something like three years now. How is that supposed to build loyalty and trust? Of course, this is not just a problem from the employees’ side. Decades of downsizing and globalization have shattered any good will between corporations and their employees. It is not unusual to get sacked after ten or even twenty years of service to a corporation.

It gets worse!

We are living longer. Yet, most people do not even have savings for retirement. Statistically we are all outliving our retirements. Used to be that you worked somewhere, paid into your retirement account monthly, and when you actually retired, the company took care of you forever. Retirement works differently now. With bank deregulation, Wall Street got their hands on our retirement funds. Today when you outlive your money, you are moving in with your kids. What a depressing end to life.

Couple all of this with the new “Gig” economy (think Uber), rampant unemployment (in the US), families having to piece together part time jobs just to make ends meet, and you are not looking at a rosy future for virtually anyone except the purse holders, government nomenklatura and corporate goons. (Yeah, I am biased!)

If you are trying to play by the old rules, watch out. They do not work any more. What rules work?

You absolutely must learn to do what Dave Ramsey the radio money guru calls learning to “kill it and bring it home yourself”! For me this is what I loosely call the “laptop lifestyle.” I have lived the real version of the laptop lifestyle for over five years now. I am here to report that the water is fine. Better! I have more time. More money. My health is better. My relationships are better! I depend on me and my growing set of skills for my family’s financial future. (Just for complete transparency, I’m a born again Christian. I ultimately depend on the God Almighty of Israel.) And, I am an evangelist about all of this! I’m here to help you escape to a more secure and better life!

Keep reading. I sense a revolution brewing!”

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Don’t Sweat It! The Game Is Rigged!

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The following is an excerpt from my new book Home Based Business Escape Plan.

“There’s an overall, systemic problem that’s global in nature, that’s significantly affecting your family’s financial future. I have lived in the United States all my life. And, unless I can convince my wife otherwise, I’ll be here until I die. (I’m trying!) The economic game in the US and elsewhere is rigged! I’m not a conspiracy theorist or anything crazy like that, but there is an element of this stuff that I believe is true. The US economy and the economies of many countries are run by central banks. These banks are not governmental entities. At least the Fed isn’t a governmental entity.

Here’s the deal. Economies are run for the benefit of the elite. Think Wall Street. Think political elite, of both parties in the US. Think upper echelons of government. Economies are not run for you and me. We’re more like chickens in a factory farm. We’re just there to provide meat. That is if you play the game they all want you to. You know that game, right? Keep your nose to the grind stone. Go to school. Make good grades. Get a job. Get a credit card. Oh, almost forgot the horrendous student loans! That game! We’ve become well trained wage slaves. Our political/corporate masters control us. Throw us a smidgen of what we used to call the American Dream. We work Monday through Friday. Mow the yard on Saturday. Have the semblance of freedom. The semblance. Actually it’s not freedom at all. They just keep our cages large enough so that we don’t bitch too much.

Yeah, that game!”

==>Click Here To Get Home Based Business Escape Plan, Today!<==

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Book Review: Unplugged by Scott Rewick

Just got done reading this book. It’s actually pretty good! Rewick was a Silicon Valley entrepreneur for 13 years. He was the CEO of NeverBlue, if you remember them. (I think they got absorbed by another company.) In the book, Rewick is very candid about what it took to get to the top of the pile in the Valley. He’s also very candid about his decision to unplug himself from the “soul-sucking corporate machine” and starting to live life more on his own terms.

There are some great takeaways from the book that I really liked.

On the need for more action and less thought… “The world is full of ideas. ‘I have this idea for a new <insert lame idea>. Please believe me that the idea that is just sitting in your head right now is useless, worthless, and just renting space in your brain.” Well said! Great ideas are a dime a dozen. Action is what counts. He continues on to say… “Just do it, and stop talking about it.” Loved that one, too! 😉

Here’s one…from a guy who started his last business with a few million VC money… “Try not to raise money. That money is expensive and you’ll likely regret it.”

Or…how about this? “Get a Customer!”

There’s a lot more in here that’s not run of the mill. So, yeah, I liked the book very much. On the downside, there are a lot of typos and grammatical mistakes. So, if you might want to leave your OCD inner English teacher in the car, this time!