Archives For Education

Having kids should largely be a financial decision. How to solve the welfare problem in America.  (EXPLICIT LANGUAGE WARNING).

Fellas, this one’s for you.

Debts are like children.  You create em.  You have to feed em.  Their life can be a month or 30 yrs.

By creating em, you get something on the front end.  A house, car, clothes, whatever.  You get the thing instantly, no 9 mo. waiting period for it to be born.

With Amazon next day shipping and a credit card, you can create a whole lot of debt children fast.  How many of them you can have is determined by how big your paycheck is.  Paying the bills reminds you how many kids you’ve got.

Ever abandoned a debt child and left someone else with the responsibility?  You decided you didn’t want to honor your contract whatever?  Kinda like getting someone pregnant and walking away leaving others to raise your offspring.  Who picked up the tab for the consequences of your spilled seed?

Walking away from a debt, your price paid might be lower credit scores, collection letters, or foreclosure.

When walking away from a child, the emotional price paid will be realized over time by you, the mother, and the child.  The monetary price society pays is instant and enormous.

Say hello to a part of the modern welfare state. One reason a community may be in shambles?  Single mothers with no dad in the house.  A mother dependent on a welfare check.  A broken family, broken neighborhood, broken city.

The state has become the father of your child.  And you wonder why an abandoned kid becomes part of the system, turns to gangs and crime.  They turn to gangs for safety.  They turn to crime for survival.  Then they fill the prisons and feed the corporate incarceration machine.

That machine isn’t totally to blame.  Its owners are just picking up where you left off.  They’re feeding, clothing, and housing your offspring.  You drained your balls and felt like a man for a few minutes.  Society gets drained of time, effort, and resources for decades.  

Imagine you get a bill in the mail and walk to every house on the block expecting neighbors to pitch in and pay your debt.

They’d tell you to get lost, get a job, and get off their porch.  

If your baby’s mom applies for welfare, your neighbors don’t see it.  It’s quiet.  The taxes they pay are their cost of your irresponsibility.  You get to avoid the embarrassment of begging others to pay your bill.  No need to beg, Uncle Sam’s got your back.

When I was a young man, a box of good condoms was about $12 bucks.  If you’re gonna fuck and don’t want kids,  be a man and spend the $12.  Don’t be a shit head and say, “It’s her responsibility to use protection.”  Don’t assume she’s on the pill. 

My high school civics teacher gave a nice piece of advice to us parting seniors.  He said, “Sex is just an energy.  Channel that energy wisely.”  He was a mormon I think.

My favorite bumper sticker said, “Porn, it’s cheaper than dating.”  It was a cartoon pic of a man holding a box of Kleenex with a big smile on his face.  You’ve got choices.  Think about it.

I’m not here to insult you.  I’m here to speak a bit of truth and offer a little tough love and encouragement.  Every action has consequences.  Some call it karma.

We all have a biological father.  Not all of us have a Dad.  I was lucky enough to have both.  If you don’t raise your children, someone else will.  And if someone else does, you’re opinion of how that turns out doesn’t count.  Unless you’re contributing financially.

Having kids should largely be a financial decision.  If you don’t have the coin, don’t drain your loins.

Copyright 2021, As The Money Flows, All Rights Reserved

What do people in power consistently use to keep people divided against each other?

Disclaimer:
Topic I’ve never covered. You may be offended. Not my intention and this isn’t an apology. It’s a call to rational thinking and intellectual curiosity.

Understanding Division:
Not talking about math. Today it’s about your mindset. Thinking about things that are uncomfortable.

What do people in power consistently use to keep people divided against each other?
Skin color staple for decades in The US. The civil rights act of 1964.
Now it’s anything at all: sex, gender, tolerance: especially if you speak out against Radical Islam or Muslims. Guns. Abortion.

Dinesh D’Souza’s YouTube lecture: D’Souza exposes the secret history of LBJ.
Quite the eye opener.

Why do they want us divided against each other? Very easy. So we won’t see the real reason nothing ever really changes no matter who is in office.

Questions:
What if racism is a smokescreen?
What if the real division among us is financial?
What if the real division among us is class? Class warfare. The essence of class struggle.

They keep us divided against each other to stay in power.
Racism invokes emotion. They want you to vote emotionally, not logically. Emotion is reaction. Logic isn’t.

Resources:
Dinesh D’Souza
Jim Goad
Candace Owens
Michael Tsarion

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved

How collections affect your credit score.

1) My collection.
Medical, $2 or $3k. No credit score issue. Couldn’t get checking account.

2) Client’s collection/derogatory credit.
10 days PTC, Soft pull. Re-pull. 620 min for home loan.
642 to 500. Mortgage loan denied. FHA loan, $2,000 or less total don’t have to be paid off. Over $2k, use 5% of balance as mo pmt, or show payment history.

3) Pay something each month.
Negotiate lower balance if you can pay in full. Get it in writing before paying in full. Get paid in full letter in writing. Send paid in full letter to credit bureaus (resource).

Closing:
Collections are like an anchor keeping you stuck in one place. Baggage. Eventually roll off after 7 yrs? Imagine being 1 collection away from getting a home loan. One 90 day late student loan away from getting a home loan.

Resource:
Equifax.com, Transunion.com, Experian.com.
To send paid in full letter. Don’t assume who you paid will report to credit bureau.

I’m Greg Whitaker reminding you:
Get Your Mind Straight. Get Your Money Straight

Debt Shepherd 2017, All Rights Reserved

The creation, sale, and distribution of human energy. Monopoly – created by law and is enforced by law.

For purposes of this discussion, the words money and human energy are one in the same.

1) The Creation of Human Energy – Congress borrowers money from The Federal Reserve. They make principle/interest payments. The paper money you hold is the IOU or Congress’ promise to The Fed to pay back the debt. How does The Fed ‘make” the money? An entry into a computer.

2) The Sale of Human Energy – The Federal Reserve decides the price (or interest rate) of money. They lend it to banks at an interest rate. The bank lends it to you at a higher rate and makes profit. Why don’t you have access to money closer to the point of creation and therefore a cheaper rate of interest? Because of the law.

3) The Distribution of Human Energy – The Fed makes it, the bank borrowers it. The bank lends it to you after they decide if you’re worthy of being lent to. Loan application, SSN, credit scores, collateral, assets, etc. They either say yes or no.

Look at back of your Closing Disclosure. $100k loan, total paid over life of loan if min pmts made. Expressed as a dollar amount and percentage. This is only in the last 12 months. The old TIL only showed the total dollar amount.

Closing: If you’re the only one who creates, sells, and distributes human energy is it possible you’d develop a God complex somewhere along the way? Why? You control the population. This control is global.

Resource:
Why It’s Called a Bank – podcast
The Creature From Jekyll Island – book

Get in touch. Podcast page. email or voicemail button.

I’m Greg Whitaker reminding you:

Get Your Mind Straight. Get Your Money Straight
Debt Shepherd 2017, All Rights Reserved

As the late Jim Rohn once said, “How can you know good paycheck if you’ve never known bad paycheck?”

1) Take a trip to the poor side of town.

Jim John gave the advice of taking your kids to the poor side of town. Show them how people who’ve made different financial decisions live. Trash in the street, cars up on blocks, yards uncut, houses in disrepair.

2) Why can’t you afford it?

Where does the money go? It goes one dollar at a time on beer, cigarettes, entertainment, fast food, etc.

The cost of our habits add up slowly over time. Financially and physically.

3) Contrast can motivate us to move up, move out or move on.

Nothing wrong with your first teenage years job being fast food, for example. Low pay, hard work. Teaches you responsibility, promptness, team work, dealing with customers (good/bad), etc.
And hopefully motivates you to want to get out of there after a short season. There’s the contrast.

By the time you start your first part time job, you should have most of these skills/experiences already instilled in you by your parents.

If they did a good job of providing you with contrast, and not protecting you from the world, your first part time job should be a much better experience.

Contrast. If everyone was the same, life would be boring. But only if we’ve first experienced everyone being different in the first place.

Resource:
Jim Rohn

Get Your Mind Straight. Get Your Money Straight.

Debt Shepherd 2017, All Rights Reserved

Taking a look at our pay stub and seeing just how much Uncle Sam “steals.”

1) Federal, state, medicare, & social security are all taxes. In my case, it’s federal, Medicare & Social Security. 23%.

Look at these deductions, add them up, divide by your gross income. 1 out of 4 days I work, I receive zero immediate benefit.

2) Property taxes. Do you ever truly own your home, land?

Taxation is the use of indirect force by government (IRS). It is an extraction of your wealth used to expand the size and power of gov’t.

Stop paying your property taxes. Eventually the gov’t will take your home/land.

3) Government doesn’t produce anything in the open market. It is always a liability.

As gov’t grows, so does your tax bill.

My industry, banking, doesn’t produce anything either. It charges interest (rent) for the use of money and charges fees.

Not complaining. Reminding you to reduce your liabilities (debt) so you’ve got more money left to do what you please.

Resource:
Ayn Rand

Debt Shepherd 2017, All Rights Reserved
3

I talk to the host of Gnosis Cardia on blobtalkradio and we discuss the insidious money cartel known as The Federal Reserve Bank.

Resources:
Gnosis Cardia

Debt Shepherd 2017, All Rights Reserved

Change – 220 DSR

March 7, 2017

Change is constant. Here’s three tips to keep you moving your finances in a positive direction.

Debt Shepherd 2016, All Rights Reserved