| What is the conspiracy? | | | | them! |
| It is funny how through propaganda we can be | | | | Read this very carefully. If you plan on retiring and |
| manipulated into doing and thinking things that we know | | | | being financially independent, it will probably be in your |
| don't make any sense. Here is a major example of | | | | best interest to establish a game plan that will get you |
| what I am talking about. We all know that debt is bad | | | | enough money to retire on at your retirement age. |
| and that it impedes our retirement. We all know that | | | | That is your first priority. Once you get that in place, |
| debt causes financial instability. Most marriages end in | | | | THEN worry about buying a house! Don't let the |
| divorce and finance (which really is debt) is the main | | | | propaganda machine "punk" you into buying a house |
| reason for this. So why do we all stand in line to buy | | | | with an ad like this from the BS Bank Of Real Estate: |
| houses so that we can build borrowing power and | | | | Stop making your landlord rich! Discover how to stop |
| security? | | | | pouring money down the drain in rent and build a solid |
| Let's go back to Finance 101. What is an asset? What | | | | financial future by purchasing your own home! |
| is a liability? | | | | Translation |
| An asset is something that puts money in your pocket. | | | | Stop making your landlord rich! Borrow hundreds of |
| A liability is something that takes money out of your | | | | thousands of dollars from US and make US rich |
| pocket. | | | | instead of your landlord. Build wealth (by that we mean, |
| Now, let's look at your house. The only thing that your | | | | the ability to come back and borrow more money |
| house is putting into your pocket is the ability to borrow | | | | from us). Then when you retire and you don't have |
| more money! Yet, it is taking plenty money OUT of | | | | any money, you can do a reverse mortgage. If you die |
| your pocket! So unless your master plan is to buy a | | | | before the mortgage is up, we will take your house |
| big house, live in it, sell the house at retirement and | | | | back (which was the plan from the beginning) or make |
| move in with your kids (while you live off the money | | | | your kids pay the rest of the interest. |
| you sold the house for), I think it is fairly safe to say | | | | Free Your Mind! |
| that your house is not an asset, it is a liability! | | | | BORROWING POWER? |
| Turn the Mind Control Matrix off. Your house is not a | | | | When you take out a home equity loan, all you are |
| good investment!! | | | | doing is borrowing your own money. This is money |
| Real estate (buying a house, fixing it up and flipping it | | | | that you paid in. So, if you didn't have the money to do |
| for a profit or buying rental property) can be a good | | | | what you wanted to, then what were you doing buying |
| investment. Buying a house and living in it is not a good | | | | a house in the first place? You see, one of the ways |
| investment!! It is a material item, just like anything else. | | | | that banks get rich, is by getting people to pay them, |
| The equity in your house is nothing more than a fixed, | | | | and then turn around and borrow their own money |
| low interest rate credit card! | | | | back and pay more interest! Whole life insurance is |
| WHAT IS NET WORTH? | | | | another example of this, but that is a whole different |
| Here is an example of "net worth". John has a paid off | | | | sermon. |
| $200,000 house. Sally has a paid off $150,000 house. | | | | AM I SAYING THAT YOU SHOULD NOT BUY A |
| Assuming that neither one of them has any money | | | | HOUSE? |
| nor any other debt, John's net worth is $50,000 more | | | | Of course, I'm not. I'm all for ownership. But remember |
| than Sally's. That means that he is $50,000 wealthier, | | | | this. A house is a material item, just like a car or a big |
| right? Why is that? It's because John can BORROW | | | | screen TV. Don't let it impede your retirement. |
| $50,000 more than Sally. Now ask yourself, does that | | | | There are a select few who can buy a nice house |
| really make sense? When our whole idea of wealth is | | | | with a payment as low as their rent payment. But nine |
| based on how much one can borrow, it is NO | | | | times out of ten, to buy the house that you WANT to |
| WONDER America is in debt! | | | | live in, the payment will be about $400 to $600 more |
| If you go to Geechie Dan's Place, and order a 3 Piece | | | | per month (especially after you factor in maintenance |
| Chicken Meal that cost $4.99. The cashier say's | | | | that you wouldn't have to pay if you were renting). |
| "That's $5.24." and you say, "I don't have any MONEY | | | | So let's say the difference is $500. $500 per month is |
| but my net worth is $200,000." What are the chances | | | | about $6000 per year. Let's say that you decided to |
| that you will get the meal? Now, let's say that I walk | | | | WAIT three years before you bought your house. At |
| into Geechie Dan's Place and order a 3 Piece Organic | | | | $6000 per year you could save $18,000. If you were |
| Chicken Meal that cost $8.99. The cashier say's | | | | to put that $18,000 into an investment vehicle that |
| "That's $9.69." I have $10 in my pocket, but my net | | | | made 12% interest, after 30 years (the time it would |
| worth is -$16,780,098,001.73. Guess what. I AM ABOUT | | | | take you to pay off your house) you would have |
| TO EAT SOME CHICKEN! | | | | $576,000. Wait six more years and you would have |
| NET WORTH DOES NOT EXIST! | | | | over $1.1 million dollars! All of this while living in the same |
| It is a figment of your imagination. You can't buy food | | | | house and not investing a penny on top of your initial |
| with it. You can't put it in the mission plate at church. | | | | $18,000 investment. All you did was to wait three |
| You can't pay your medical bills with it. Net worth for | | | | years and save your money. |
| most people is a number that is out there somewhere | | | | You see ladies and gentlemen, building wealth is not as |
| in space, based on the perceived value of material | | | | difficult a task as we make it out to be. It's very simple! |
| items. It exists only in your mind! You can't spend it. | | | | Stay out of debt, and invest your money! But then |
| The only thing you can do is BORROW off of it. | | | | again, we ALL know this. There is not a person who |
| REAL WEALTH is exchangeable. You can see it. You | | | | will read this that will disagree with what I have just |
| can touch it. You can LIVE off of it. It buys food, | | | | written, but somehow, through propaganda and |
| clothes, goods and services. You see, the reason that | | | | psychological warfare, the diabolical ones have |
| 97% of Americans get to retirement age and can't | | | | convinced us that what we KNOW to be true, is really |
| really retire, is not because their net worth is low. The | | | | false. We in America believe that borrowing |
| reason most people can't retire is because they don't | | | | (mortgage) is building wealth and security, and investing |
| have any MONEY! | | | | is dangerous. They play in on our fears to get us to |
| The sad thing about this is, the real estate industry is | | | | make bad decisions. As long as you think what is bad |
| telling people, "Buy a house and build wealth." The | | | | is good, and what is good is bad, you will always be |
| Financial Services industry is telling people, "Increase | | | | broke. |
| your net worth. That is the number that you can retire | | | | CONCLUSION |
| on." These are bold face lies!! So we Americans put all | | | | The American Dream, in the case of Home |
| of our money into what we have been told is an | | | | Loanership, is a tool specifically designed by the rich |
| investment, and when we retire, we are left with ONE | | | | bankers to keep us "Just Over Broke" and "In Our |
| BIG CREDIT CARD! | | | | Class". Be a good steward of your money. Don't fall |
| But now after saying all of this, don't take my word for | | | | into the trap of Home Loanership. |
| it. Find someone who has a paid off house and ask | | | | [Proverbs 22:7] The rich rule over the poor, and the |
| them how rich their 30 year investment has made | | | | borrower is the slave of the lender. |