Thursday, February 7, 2008

Why aren't we all millionaires?a blender of thoughts

This is the reason, because we have a lot of information that we willingly ignore. The amazing thing is that we willingly give up our rights to know because we are all kind of lazy. The reason why people make money is because they use that information against us.. that's annoying.. it's basic instinct of survival here in America. 

I think maybe thats why internet is still not free in the U.S.! Mexico City can afford to give its people free internet, I don't understand why can't we other than the fact that we'd like to keep a percentage of people completely uninformed. Then it dawned on me...while I was working for Afrique Publishing, I was going around interviewing all these big heads in business, and none of them really wanted me to know the truth about them. I drew up a list of questions, like how they got to where they are today, and what books influenced them. Looking back at my interviews, none of them wanted to reveal to me their "secrets" to their success. They didn't like to tell me what books they read, or what resources they had. Whenever I asked them, they just smile and give me some ambiguous answer. The woman who owned her own business made it sounds magical, like she pulled the business out of her ass cuz it was so easy. "I didn't read any books, I just gave it a  whirl and it turned out great." Don Peebles, the black Donald Trump likes to say "just remember, work hard, and thats it." But wait wait, didn't this french economist come up with the 20/80 rule....majority of rich people work 20% of the time to accumilate 80% of their wealth, because majority of them hold some kind of information that we, the average person do not have. I never realized this but it was a futile situation I put myself in. 

For example... a real estate Agent makes money because she/he knows better than we do about the market. You don't know how she knows the juicy facts of how many houses are being sold around the neighborhood, or how much people are willing to pay for the house at hand, they'll do anything to sell it fast because their commission depends on it. Now think, with the internet, we are able to search it out. We're just too lazy to compile that information together. But..what you don't know ends up costing you a lot. Selling a house that cost 300,000 an agent makes roughly 6,000 +/- after the fees she/he pays out to the agency and the other brokers. Now, you'd like her to sell it for 310,000, cuz thats 10,000 extra in your pocket. But for this agent to make you 10,000 bux, it's a lot more work for them, and they only get a  lousy $150.00 extra...so they are not working in your best interest. Everyone has incentives, that must be kept in mind at all times, about any given situation. 

Study's show that Real Estate Agents who are selling their own houses keep their house on the market for an extra 10 days, and they generally make 3% more at closing than they would selling another person's house! I never really liked them, my impression is that they're always bi-polar. I always wondered if they were coke-heads or just assholes.. and i think they're usually a mixture of both... 

Rich people belong to something like an investment club called the SEC, U.S. Securities and Exchange Commission set up by the Kennedys, it is what keeps rich people richer, because it's exclusive. If you make more than 200,000/yr, 300,000 as a couple/yr, or own 1 million in net worth, then you can join this club of happy people with money. It keeps middle class people out in order to protect them from making drastic mistakes in investments, but also keep them out of some of the best investments. They offer investment packets at a starting rate of 35,000. 3 % of Americans actually belong in this club... because the rest of us don't make that much. In Finance, it's not really 20/80 rule, its more like 10/90... 10% of wealthy people who have access to 90% of the money while the rest stare in oblivion. Average is never good. 
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Onto a completely different subject:

Apparently, Americans prefers Blacks and Women over Latinos and Elderly folks. Or at least they are more willing to openly admit their dislike for the latter group. This was discovered because of The Weakest Link show. I am a-typical, because I love Latinos. Augusto seems to think it's because there's the deep fear Americans have...of Mexicans taking over the U.S. because there's so many of them crossing over. This is true. Rome fell for similar reasons.
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A friend of mine is out in LA, but tells me he prefers to move back to Miami where there's an abundance population of Puerto Ricans. He is Puerto Rican. It's warm to be around your people. I understand the feeling. It's the feeling I get when I find myself in Chinatown, Beijing, Dalian, or Shanghai. But I'm an American. I think we can view this situation from only two perspectives... One; enjoy the state we're are in, here, we can mingle freely with other ethnicities (with slight agitation here and there). The fact that I can find a Sushi Express, Sharros Pizza, Taco Bell, and Bonjour Cafe and a dingy fur infested hot dog joint all within a few feet of each other in the Clark & Lake Building is -nice..... or the other; it really kind of sucks because we may never experience that natural comfortability homogenous counties experience. I don't know. I think my biggest regret is not being able to experience everything all at once. I can't have it all.. and it's unachievable.. which is why I want it..because I can't have it.
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I came home today, and I found a book laying on my coffee table that was never there before.. It's called "Don't Poop in My Salad." about pro smoking.. I wonder if the author has a chain of others out like "Don't Shit in My Coffee" "Don't Fart in My Parade" .."Don't Put Sugar in my Gas Tank..." blah blah..... shouldn't he? 









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