Business news, Uncategorized

Coronavirus Just Proved the Economic & Societal Impact of Bio-Warfare

Author : Emil Anton

https://www.alux.com/covid19-bio-warfare/

The world took a knee in front of this virus! What happens when the next one shows up?!


The world took a knee in front of this virus! What happens when the next one shows up?!

For the first time in modern history, we’re seeing just how quickly society can be brought to its knees, this time without swords, without guns or nuclear missiles.

As of making this video it’s hard to calculate the exact amount of economic loss that is being occurred right now, because the number is quickly accelerating. Oxford economics put the loss of output alone at around 1.1 trillion dollars, that’s the number of money we stopped generating since the pandemic went in full swing.

Let’s look at the us for example: as of February 2018, the entire US stock market was valued at $30.1 trillion dollars.

In the last 45 days, the US stock market lost 35% of it’s value, with a safe to say 10 trillion dollars in losses.

Quick to spread viruses have vast economic impacts. They destabilize economies, cause death and put the world into chaos.

This time it happened to be an accident, hopefully, but every military in the world is getting a crash course on pandemics right now, opening a Pandora’s box of new weaponry. How can we stop a country like North Korea not to use any weapon at its disposal if it feel threatened?! Who is going to oversee that a terrorist group isn’t working on bio-warfare of its own?

The first confirmed case was on December 1st in Wuhan, China. As of making this video, it’s not even the end of March and the world is in full panic mode. It took less than 4 months to go from a single individual to an international threat (some might say, Threat Level Midnight!)

This is part 9 out of 15 about a discussion on the world in the context of the coronavirus pandemic.

Business news

New Rule of Money #2: Learn How to Use Good Debt vs. Bad Debt

Written by Robert Kiyosaki Read time: 5 minLast updated: March 17, 202011.1K

How to leverage and use good debt to create wealth

Many people teach that debt is bad or evil. They preach that it is smart to pay off your debt and to stay out of debt. And to an extent they are right.

There is good debt and bad debt. It is wise to pay off bad debt—or not get into it in the first place. Simply said, bad debt takes money out of your pocket, and good debt puts money into your pocket.

https://www.youtube.com/embed/_0R5RIQZwJ0

A credit card is often bad debt because people use it to buy depreciating items like big screen TVs, cars, and vacations. Conversely, a loan for an investment property that you rent out can be good debt if the asset’s cash flow covers the debt payment and puts money in your pocket.

The people who preach the evils of debt do not understand that debt is essential to the American economy. Whether that is good or bad is debatable, but what is not debatable is that without debt, our entire economy would collapse. Our entire economy is based on steady inflation. And the way in which we encourage that inflation is through debt.

Unfortunately, the way the rich use debt and the way the poor and middle classes use debt are vastly different.

How the poor use debt

As mentioned above, the poor and middle class use debt to generally buy liabilities like a car or a vacation. Here are some examples of how poor people use debt:

Bad debt #1: High-interest credit cards

Bankrate.com reports that average credit card interest rates are in the low 17% range. Beyond that, credit cards often have hidden rates that can cost you hundreds of dollars for things like late fees, annual fees, and currency exchange rates.

Credit cards are neither good or bad in and of themselves. It’s how you use them. Unfortunately, the poor often use credit cards in the worst way by buying liabilities like televisions and vacations, only to pay the minimum payment each month. By doing this they pay substantial amounts of interest over long periods of time for goods that lose value. It’s a double whammy.

Bad debt #2: Loans for liabilities

There are lots of loans out there that you can get for liabilities. From car loans to personal loans to payday loans, you can find a way to take on more debt…often at a high price.

They also pull out loans for things they consider to be investments, such as their own personal home. But a house is not an asset. Why? Because the very simple definition of an asset is that it puts money into your pocket. A liability takes money out. A personal home only takes money out of your pocket. This is not to say that you shouldn’t get a mortgage, but don’t do it thinking you’re buying an asset…and especially don’t take on way more than you can afford thinking it’s a good investment.

This method of using bad debt to attain things that generally lose value over time keeps most people financially enslaved to debt for most of their lives. And when they do finally decide to get off the drug of bad debt, they often spend years working harder and harder to pay it off. It’s a lot of lost time and opportunity.

How to use good debt like the rich

The rich use good debt to grow their worth, and they invest in cash flowing assets using Other People’s Money (OPM)—both the bank’s and investors’.

OPM is a fundamental concept of Rich Dad and a sign of high financial intelligence. By using both good debt and OPM, you can dramatically increase your Return on Investment (ROI)—and you can even achieve infinite returns.

Good debt is a type of OPM. The downside to debt is that you can generally only borrow a certain percentage of an asset’s purchase price. In keeping with our real estate example from my previous post on good debt, that is generally around 70 to 80 percent of the purchase price.

Because of this, you have two choices when you find a worthy investment: use your own money or use other people’s money. Provided you structure the deal well, the more you can use other people’s money, the higher your return will be.

Many people think it’s a fantasy world that people would just give you money to invest, but that couldn’t be further from the truth. The reality is that most people don’t have time to find good deals. Instead, they rely on people with the proper financial education, skill set, and drive to bring deals to them.

My real estate advisor, Ken McElroy, has perfected using OPM. His company, MC Companies, buys apartment buildings. He does all the hard work of finding deals, doing the due diligence, negotiating with owners and lenders, and handling management. In return, people line up hoping to invest their money with him.

Today, Ken does big deals that require a certain type of investor. Not just anyone can invest with Ken. But he started with small deals, like the ones I’m writing about today and worked his way up to big deals.

How to use debt to buy real estate and create wealth

Here’s an example from real estate on how the rich use good debt as money to create wealth.

Using the bank to leverage my investments, I can leverage my money. Using simple math, let’s assume I have $100,000 and am looking to invest it in a $100,000 property that rents for around $800 per month. You can find many properties like this if you look diligently.

I could use all my money to purchase one property for $100,000, or I could use good debt to buy five $100,000 properties.

The bank would lend me $80,000 for each property and I would divide my $100,000 into five $20,000 down payments.

At 5 percent interest, the payment on the loans would be around $500, including taxes and insurance. So, my cash flow on each property would be $300 a month ($800 in rent – $500 in debt payment = $300 per month) for a total of $1,500 ($300 x 5 = $1,500) per month—an 18 percent annual return.

How to use debt even more to your advantage with OPM

Now, here’s an example of why using good debt, coupled with OPM, is an even more powerful investment tool for the rich.

Using OPM, I can increase my return and secure even more assets. Let’s say that instead of having to put down 20 percent on five properties, I can use my $100,000 to put down 5 percent on 20 properties. I can do this by finding 20 great deals and lining up investors to invest in them.

Here’s how the math works out.

The bank would lend $80,000 for each property, and I would divide my $100,000 into twenty $5,000 segments, using OPM to raise the other $15,000 needed for each property. Again, at 5 percent interest, the payment on the loans would be around $500 per month. Let’s assume that we’ll pay a little more for our investors’ money and give them 7 percent interest. The money owed to them would be a little less than $100 per month—but we’ll go with $100 to make it simple. So, our total costs would be about $600 per month.

That means we’ll have a cash flow of about $200 per month, which we’ll split with our investors 50/50. We’ll pocket $100 per month, or $1,200 per year, and our investors will pocket $100 per month, or $1,200 per year.

Adding up the total return for all 20 deals, that’s $24,000 per year cash flow, a return of 24 percent. Not only am I making 6 percent more per year than if I just used my money, but I also have ownership in 20 assets instead of just 5. Later I can refinance these properties, pay off my investors, get my investment back, and continue to receive cash flow from the 20 properties—an infinite return.

Again, I’m using very simple math here. In real life, the numbers are more complicated and much larger. But the principles are the same. Investing with OPM takes a high level of financial intelligence. But both Ken McElroy and I both started small and worked into the big apartment deals we do today. You can do the same.

Be diligent. Continue to increase your financial education. Work hard. And master the fundamentals of good debt and OPM, and you will become wealthy

Uncategorized

What you won’t find on my CV

Source: Michael Ogbaa’s LinkedIn page

The most tragic aspect of Steve Jobs life was the inadequate time he spent with his family. He regretted it before he died. I watched a video where Jack Ma confessed that not spending enough time with his family when he was busy building Alibaba ranks amongst his greatest regrets.

I may not come close to achieving what these exceptional world’s renowned corporate titans have accomplished but one thing is sure, I’ll never share their regrets. I spend enough time with my family. I’m an intentional dad. Being called a father is my highest earthly honour, not my academic or career exploits.

The joy and smiles you see in this picture will remain long after I’m retired. Today happens to be my 17th wedding anniversary.

Grateful me,

Michael Ogbaa

Inspirational, Spiritual Growth

Humanity’s Greatest Fear – Death!

Emmanuel V. Agyare

One of the things that have put mankind’s greatest minds in boxes is the fear that we’ll all die one day. I dare say that those who accomplish great things in this life are those who believe above death. It’s of a certainty that we’re all going to die one day but we shouldn’t let that thought dissuade us from accomplishing something great. We can only defeat death in death (dead to fear). In other words, people who have defeated the fear of death are the ones that are truly living. Change the status quo, challenge yourself, face your fears, be adventurous, be fearless, be curious because ANYTHING IS POSSIBLE!!!