Prospernomics - Life without taxes

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I have to admit that Thomas Nowe (pronounced Now) has an interesting take on the way the banking system and our tax structure could work. 

Imagine a world where you pay little or no taxes and the government has all the money it needs to provide services.  Our guest today says that not only is it possible, it is easy.  It could be done in a short time. 

Tom has spend 39 years researching taxes, inflation and recesssion and the result of this work is Prospernomics - The economy of the future, Now!

Not only has created a movement to make his vision happen.  He has written a book explaining how it all works.  You can find the book on Amazon.com or you can order it directly from Tom by calling 888-970-6111.  If you mention that you heard about it on The Money Thing, they will ship it for free.

 It is an interesting concept, worth a listen.

 
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Blue Collar and Proud of it!

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Our show today is centered around people that don’t believe they have options.  Our society tells us that in order to be successful, you have to get a college degree.  With the rising costs of college tuition and the cutbacks in available slots, many people don’t believe that college is a viable option for them anymore.

Our guest today is the creator of www.BlueCollarandProudofit.com.  Joe Lamacchia started off working in the landscaping business now he owns one.   You will find in this interview that even though he owns the company, he is no stranger to a shovel.  

Joe started Blue Collar and Proud of it just to make a point that blue collar means skilled worker.  The people that rise up in his profession have the same stuff that the successful people you know have.  They take pride in their work, they finish what they start and they work hard.  Simple advice but when applied to the blue collar lifestyle it can make for a very good life without thousands of dollars in student loans. 

For more information about Joe and his timely message, go to www.bluecollarandproudofit.com

 
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My wife’s garden and the law of the farm

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It appears that spring has hit the Pacific NW.  Believe it or not, we made it through another dark, wet, cold and this year snowy winter.  The sun is out and the mercury is rising.   

For most of us a sunny and warm Memorial Day weekend is a special bonus.  It was sunny, warm and it is staying light later.  Around here we can’t waste the nice days we do get so this means getting off of the couch and outside to do whatever needs to be done.   

My wife spent the weekend in her garden.  I have to admit that I don’t know much about plants or gardening.  The fact is, I don’t like it.  Gardening is just too slow for me.  

Even though I don’t know much about it, one of my favorite things of the summer is my wife’s beautiful garden.  I just love to look at the organization, the care she puts into it and the way she develops it to help nourish our family.  I know for a fact that it nourishes her soul as well.  She seems to be the happiest when she has dirt under her fingernails. 

She takes the time in the winter to plan out what she is going to plant that year.  She has a few things she plants every year and she changes up the others from year to year.  I don’t know if she changes it for variety or if it has something to do with the soil or what.  This is her gig and she is the expert.   

I ask her questions about what she is doing and why she does it that way.  I want to understand a little but when she gets going on the what’s and why’s, she loses me.   

All I know is that in the spring we eat strawberries.  We have all the greens we can eat.  She even plants flowers around the outside of garden which makes it really stunning to look at.   

She grows great tomatoes and the corn is sweet.  We use the corn stalks to decorate for Halloween and Thanksgiving and pumpkins always seem to show up at the right time.   

This all happens because my wife is a planner when it comes to making this all work.   Like all gardeners, she understands the laws of the farm.   

Here are the laws of the farm:  

·         You have to cultivate the soil to make sure it is ready for the seed.·         You reap what you sow.  If you plant turnips, you don’t get daffodils.·         You have to consistenty nourish your plants with what they need to grow.  This includes getting rid of the weeds and other attackers that steal what your plants need in order to grow to their potential.  ·         You sow your crops in one season and harvest in the next.   

This is the natural order of things.  You can’t shorten it or skip a step.  It just doesn’t work that way.  It takes time and the right ingredients to create a bountiful harvest.   If you have already made the connection between my wife’s garden and your money, good for you?  The law of the farm works exactly the same way with your money.   

You have to cultivate the soil.  Invest some time in learning about your money and what you could or should be doing with it.  Start by digging into your spending.  Look at where you are spending your money.  Are you spending all of your harvest each month. 

You have to plant some crops.  If you are spending everything you bring in or even more.  You don’t have any seeds to plant to create a financial harvest.   

You have to feed your investments on a regular basis and guard them against financial predators out there to steal your harvest.   

And finally, you will not create a bountiful financial harvest overnight.  Like the farm, your money doesn’t work that way. You save, you invest, it grows and then you harvest.   

I wish you all could see how my wife combines the law of the farm and a lot of love together to create a wonderful garden each year.   

In our family, it’s my job to apply the law of the farm to our money.  I have to admit that she knows more about money than I know about gardening.  We have a financial vision for our family and our jobs in that vision have been discussed and agreed upon.  We are both happy with the vehicle each of us has chosen to use these laws of nature to support our family.   

Over the Memorial Day weekend she dug in the dirt and I took a 4 day, 1,300 mile motorcycle trip to Montana.   We both had a great time and appreciated each other even more when the weekend came to an end.

Roundtable discussion with Seattle University SIFE

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As a baby boomer, I remember college but I don’t remember all of the attitudes and dreams for the future I had back then.  I do remember that I planned to make it big and help the world. 

A couple of months ago I did a talk for the SIFE club at the business school at Seattle University.  While there, I met a whole bunch of intelligent, motivated and thoughtful individuals who are using free enterprize as a way to make this a better planet for everyone.  Their goals struck a chord with me and I decided to help them in any way I could.

Today we have three of those students on The Money Thing Roundtable.  If you have any doubts about what our country will be like in their hands, you should listen to this show.  I have no doubt that when they become the decisionmakers, we will see change in our system that will benefit everyone without penalizing those that are successful. 

The Seattle University SIFE club needs your help.  For more information about SIFE and their mission, go to www.SIFE.org

If you have a project that you need help on or if you have a business that could help them please contact any of our roundtable participants this week.

Chris Ihler - 425-422-8584 ChrisIhler@gmail.com

Dave Rowe - 303-710-0275  Dave.Rowe25@gmail.com

Taylor Gaussoin 360-513-4253 Taylor@envokestudios.com

Please do what you can to help this group.  Your efforts with them will be amplified like you won’t believe.

 
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One way to pay down your debt faster

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I am always looking for ways to help our listeners make changes in their financial situation.  There are lots of things out there promising immediate results with no pain.  Most of these are ripoffs.  If you spend your time and/or money on them, you will lose.

This week we are investigating the United First Money Merge account.  This program will help you pay down your mortgage in a shorter amount of time and substantially lower the amount of money you pay in interest.  Our guest is Morgen Jackson and he does a good job explaining how all of this works.  He will be doing the same free analysis for me that he will do for you. 

You can reach Morgen at 877-246-2804.  His website with email link is www.LiveFreeandClear.com.

 
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Rich people are not the bad guys.

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In the story of the tortoise and the hare,

The tortoise won the race because she consistently worked toward her goal. She didn’t stop for food, or because she was tired, and despite all of the odds against her, she did what nobody excepted and crossed the finish line first.

That is quite a testament to the nature of any being who will set a goal, plot a course and regardless of the obstacles, finishes what they set out to do.

Now what if the turtle had been told at the end of the race that yes she did cross the finish line first, she did win the contest according to the rules. But, her success was tainted by the fact that the poor bunny rabbit was hungry and tired before they started. The bunny didn’t have the energy to finish the race without taking a break.

So to be fair, if she wanted to she could still call herself the winner but if she was really a thoughtful being, she would share the prize with the poor tired bunny rabbit.

This is what is happening in our society today. We all have the ability to set goals, to continue to move through whatever obstacles that get in our way. And believe me, obstacles get in everyone’s way on a regular basis. We are developing a mindset that anyone who overcomes the obstacles and becomes financially successful has somehow received it as a result of an advantage or because they didn’t’ have a disadvantage that someone else has.

I say that is bunch of baloney. This attitude will ultimately destroy us.

Here is a lighthearted example.

Suppose that every week, ten people all meet for lunch. They go to the same place and order the same thing and the bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this.

The first four (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth (the richest) would pay $59.

So, that’s what they decided to do.

The ten, met every week and seemed quite happy with the arrangement, until one day, the owner threw them a curve.

“Since you are all such good customers,” he said, “I’m going to reduce the cost of your weekly lunch by $20.” Lunch for the group now cost just $80.

The group still wanted to pay their bill the way we pay our taxes.

So the first four, were unaffected.

They would still eat for free. But what about the other six lunch partners? The paying customers?

How could they divide the $20 windfall so that everyone would get his fair share?’

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth and the sixth person would each end up being paid to eat lunch.

So, the restaurant owner suggested that it would be fair to reduce each person’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so the fifth person, like the first four, now paid nothing (100% savings)
The sixth now paid $2 instead of $3 (33% savings).
The seventh now pay $5 instead of $7 (28% savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 ( 22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to get a free lunch each week. But once outside the restaurant, the lunch partners began to compare their savings.

“I only got a dollar out of the $20,”declared the sixth person.

He pointed to the tenth person,” but he got $10!”

“Yeah, that’s right,” exclaimed the fifth person. “I only saved a Dollar, too. It’s unfair that he got ten times more than I!”

“That’s true!!” shouted the seventh. “Why should he get $10 back when I got only two? The wealthy get all the breaks!”

“Wait a minute,” yelled the first four in unison. “We didn’t get anything at all. The system exploits the poor!”

The nine people surrounded the tenth and told them how greedy he was to take the lions share of the benefit. That if he was a kindhearted person that truly cared about the other people in the group that he would be willing to share in his good fortune. As a matter of fact, it is obvious that the success he had in the past to create his wealth must have been made at the expense of other people too. He must have taken advantage of those people, just like he was now taking advantage of the lunch group.

The next week, the tenth man didn’t show up for lunch. The nine sat down and had their weekly lunch without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

It has been my experience that the people that achieve the most, give the most. If we continue to exploit them, downgrade them and make them feel guilty. They will go away.

They will be fine, but we will be eating alone, with the responsibility of the whole bill our shoulders.

So the next time you meet a successful turtle. Congratulate her and ask her for some secrets of her success.

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