It's Not What You Know But Who You Know

Nepotism is the showing of favoritism for relatives or friends based upon that relationship, rather than on an objective evaluation of ability or suitability. For instance, offering employment to a relative, despite the fact that there are others who are better qualified and willing to perform the job. The word nepotism is from the Latin word nepos (meaning "nephew" or "grandchild").

What about my grades?
This is one of the reasons why getting a college education is not very effective when it comes to supporting yourself. What good did getting an A+ on your physics test do for you last year when the job you just applied for was given to the bosses nephew? College never once told us the truth about "It's not what you know but who you know". They might have mentioned you have to network but they didn't fully explain the schematics of it. College gives you this false sense that if you get good grades then you will excel in the real world. In my opinion you have to have book smarts and street smarts in this world. This is why a lot of extremely intelligent people sit around wondering why they aren't moving ahead in life or getting the women they want. You have to have street smarts as well as book smarts. School only teaches one of those and it ain't street smarts. LoL. The author of Rich Dad Poor Dad Robert Kiyosaki talks about how in the real world people are more concerned about your financial report card. If you wanted to purchase some Real Estate and needed capital from the bank, they will need to know your debt to income ratio, financial statements and credit scores. They are not going to ask for your report card from the 8th grade or college transcripts!



My experience
I personally have had jobs where my boss or co-workers had close relatives working at the job. Some of my co workers were younger then me and made more money and didn't even have a bachelors degree like I do. WTF. What happened to all those test, quizzes, and term papers I took in college? It did me no good in the real world. I also have been given jobs in the past because I knew the person working at the place of employment. It wasn't because I was the best candidate. Some people look at it as racism but if you are white or black and have power, then most likely you will hire your relative or friend who is the same race right? If corporate America is predominantly white then wouldn't I be an idiot to try to climb their corporate ladder as an African American? Even if I was white I wouldn't want to climb that ladder because if you don't have friends in high places then it doesn't matter who you are.This is what I mean when people should create their own way. Stop relying on someone else's structure and start your own. You will never make more money then the CEO of the company you work for!

ESCAPE THE RAT RACE TIP #1: NEVER TRADE YOUR TIME FOR MONEY

Trading your hours for dollars
Contrary to popular belief, trading your hours for dollars is the most financially unintelligent way to make money! The reason why is because you only have 24 hours in a day. It is physically impossible to work 30, 58 or 100 hours in a day. The amount of money you can make is finite even if you worked a massive amount of overtime until you dropped dead on the floor from exhaustion. Society teaches us that this is the way to go not knowing that you will forever have that glass ceiling hovering above your head. Let's not forget that you must spend 8 hours a day sleeping and even more hours commuting back and forth to work everyday. Do you get paid for that? Doesn't that chip away at your earning potential?

My experience with trading hours for dollars
My experience with trading hours for dollars has proven beyond a shadow of a doubt that I will never become financially independent punching a clock everyday for someone else. I remember the last straw for me when it came to trading my time for money. In 2005 I was fed up of having credit card debt that I accumulated from college, school loans, and other expenses that I had. I figured why complain about it when I can work overtime to completely get this monkey off my back. I remember for 2 weeks I barely got any sleep because I was doing so much overtime to receive time and a half. I would work until 3 or 4 in the morning, drive a hour home from Baltimore and go to sleep. Hours later I would wake up and head back to work to repeat the cycle all over again. When I eventually received my check I couldn't believe the numbers! I made $2,200 and only kept $1,500 after taxes! WTF. They took out $700 in taxes for slaving for 2 weeks while I was making $12/hour. Imagine if I would have worked for a month instead which is 4 weeks. That would be $1,400 worth of taxes in a month while I'm depriving myself of sleep! Are you getting the picture now. Do you see why trading your time for money isn't smart? Here's a visual....

$2,200 Gross
- 700 Uncle Sam
______
= $1,500 Me


Taxes
Taxes are designed to keep the poor and middle class broke. The rich pay less taxes then us. It's called the golden rule. He who has the gold makes the rules. The rich control the tax laws because they have more power and influence. Do you really think your vote is equal to Bill Gates? Let's be serious! The rich have way more persuasion then the average Joe. Ever heard of a lobbyist? LOL. My philosophy is, if you know the rich make the rules and the poor get the short end of the stick then isn't it in your best interest to become rich too and stop complaining about it?

Robert Kiyosaki talks about how it's not about how much you make, it's how much you keep. People who work jobs are taxed the heaviest on the planet! Your are the lowest guy on the totem pole. People who settled for a job are taxed income tax. If you are taxed capital gains tax like the rich are then you pay less. A worker is taxed 33% of his salary a year. Ouch! Businesses and investors know methods that will take only 15% using capital gains tax instead. Look at the math below after one year......

A typical worker/Slave

$100,000 Income from lame job
- $33,000 The income tax rape
------------- ------------
=$67,000 Your cut




Stock Investor/Real Estate Investor

$100,000 Income from stocks
-$15,000 Capital gains tax
-------------
=$85,000 Your cut


It's not how much you make, it's how much you keep!



How am I supposed to make money then?
You must unlearn the whole trade your time for money into new approaches that reflect the 21st century. Here are some ideas to get you started. The items that I listed will get your creative process going. You do not have to pick one of these. Find what works for you

1. Stocks- There is no glass ceiling placed on stocks. You could pay $5 for a stock and watch it soar to $300 per share or more! Skies the limit with this way of making money. You also can buy as many stocks as you like and put a stop loss on it if it gets to low. Can you physically work at multiple jobs all at the same time? Of course not!
2. Real Estate-This provides you an opportunity to own an unlimited amount of homes and rent them out bringing in passive income. While you are collecting money every month, the houses are going up in value while the tenants are paying down your mortgage. If the rent is more then the mortgage then you have a positive cash flow every month while someone else is doing all the work for you. (I recommend getting a property manager to handle the tenants for you. You should focus on getting more properties, not wasting time collecting bad checks)
3. Author- If you write a book you put your self in a position where you can sell an infinite amount of books! All you have to do is write the book one time and collect residual income. You don't have to keep writing that same book over and over and over again. Only at a typical job do you keep repeating the same old task over and over and over again. That's why celebrities write a lot of books even though they are not authors. Not only does the book allow them to share their knowledge and experience with their fans, it's also provides another form of passive income. Now imagine if you had multiple books for sell and they all have the possibility to sell an infinite amount. These books will still sell even when your dead and gone! Does a job pay your family for work you did back in 1976 ? Still want to punch a clock?
4. Musician- The opportunities here are similar to being an author and writing a book. With your music CD you have the possibility to sell an infinite amount of copies! Let's not forget about ring tones and other forms of passive income. They also get paid when their music is played in commercials, movies, radio etc. When they make a hit song it only has to be recorded once. They don't have to wake up in the morning and go the studio to record that same song everyday for years to get paid.
   
5. Actor/Actress- Similar principles as a musician and book writer.
6. Blogging- Do you know that with this blog I make money when I'm sleeping 24/7? Everyday I wake up and notice how much more cash I made while I was dreaming at night not even thinking about my blog. I also got my friends to sign up for blogging at blogger.com and now we all are getting closer to our dreams of financial freedom.
   

I hope that this has sparked some interest in you to discover a way to make cash with out utilizing your time for it. People tend to have me all wrong sometimes. It's not all about the money, it's about the time. This info is the reason why you do not get to spend quality time with your friends and family. Try to support yourself without trading your time for money at all costs. Not to toot my own horn but this article is extremely good if I don't say so myself. Lmao. If you read this and still think that trading your time for money is a good idea then I honestly think you need a stray jacket and some Prozac ASAP!!!!!!!!!!!!!!

IS MY HOUSE AN ASSET?

Is your house an asset? According to millionaire Robert Kiyosaki the answer is hell no! LOL. Society has people so misinformed it's not even funny. If you consider your house an asset then what does the bank consider it when they are collecting your money every month? Do you think it's a liability for them in their accounting books?"But my mom and dad always told me that a buying a house is an asset". I don't care what your parents taught you. Just because they are your parents doesn't mean they can't be wrong sometimes. Besides, look at your broke parents and how often they complain about their lives but never take action and then look at Robert Kiyosaki. Who's advice is more sound? Personally I'm going to take Robert Kiyosaki's who has accomplished way more in life them any of my family or friends have in a million years!

If any of you guys know the basics of accounting then you are familiar with the fundamentals of assets and liabilities. Your house cannot be an asset to you and an asset to the bank who collects your money all at the same time.Ever heard of a balance sheet? That clearly does not balance out.LOL. You been hoodwinked, bamboozled and taken advantage of. Are you man enough to face facts or going to ignore the evidence because you are so emotionally attached to your home to see the light. Besides if you call your house which you pay a mortgage every month an asset, then what do you call a house that you rent out to a tenant who pays your mortgage for you every month while you are at the Bahamas bringing in passive income? Do you call that a liability? Same goes for when you get a brand new car. People tell there family and friends"check out my new car that I bought". Don't be a fool and use those words bought and own so loosely! You do not "own" anything. Miss a couple payments and see who owns what. Trust me, I know from experience! LOL. I crack me up. Wait a minute, that sh%t ain't funny!

Always remember, assets feed you and liabilities eat you point blank period. That mortgage is eating u alive! If something is not making you money every month then it is not an asset! If you are kicking out cash every month it is a liability.If you still disagree with me then miss a couple payments on that nice home that you live in . When your house goes through foreclosure then see how much of an asset it is then while you are getting evicted outside while you still in your draws and ain't even get a chance to fully get dressed yet. You better home it ain't in the middle of winter when it happens..LOL

Why Am I Broke Quiz

Answer These 10 Questions To See Why You Are Constantly Having Financial Difficulties

1) Working A Typical Job I Will Be Able To Achieve Financial Freedom In ____ Years?

a. 4 months
b. 5 years
c. 20 years
d. Never you idiot. I will let my job pimp me till I'm dead. When I'm reincarnated, I will get another job and get pimped some more.It don't stop baby!







2)How Many Books Do I Own Regarding Money Or Self Improvement?

a. I play video games all day and learn nothing while drinking room temperature cognac with no ice
b. 5 to 10 books
c. I don't read books about money
d. 10 or more books


3) How Many Hours A Day Do I Sit On My Ass And Watch TV?

a. I don't watch TV because it's a waste of time
b. 6 hours a day
c. 10 hours a day
d. I don't own a TV


4)How Many Streams Of Income Do I Have?

a. 1 stream (I believe I should only get paid from my job)
b. 2 streams (I have a job and income on the side as well)
c. 0 streams (I'm a bum. I don't have money coming from any where at all. Please kill me)
d. 5 or more streams ( I got money coming out the ass with Real Estate, Stocks, Businesses, MLM, robbing liquor stores with no ski mask on the weekends,Blogging, etc)


5) Job Stands For

a. Jail Operating as a Business
b. Just Over Broke
c. Just Off Broadway
d. A&B

6)I Have Tried Thinking Outside The Box By Attempting To Do ........

a. Real estate
b. Stocks
c. Nothing. I will let the government take care of me
d. Owning a business

7)According to Robert Kiyosaki, your home is a....

a. Liability
b. Asset
c. Both
d. I have no idea. Im a grown man/woman and I live in the attic at my mother's house. By the way, who the hell is Robert Kiyosaki?

8)What Is Residual Income?

a. Who cares. Where's the TV remote?
b. When you do something once and keep getting paid for it
c. When you only get paid when you are doing something
d. I'm too brainwashed to even think about stuff like residual income


9)When People Talk About Making Money Outside Of A Job And Thinking Outside The Box I.......

a. Punch them in the Adam's apple with brass knuckles and start running like hell
b. Listen to them with an open mind
c. Tune them out because I want to be a modern day slave for the rest of my life
d. I snitch to the slave master about them trying to leave the plantation


10)What Do I Do When Gas Prices, Rent, And Cost Of Living Goes Up?

a. Ask my boss for a raise (kiss his/her ass in the process and pray to god I get it)
b. Start a business, invest in real estate or stocks, start rapping or singing, etc
c. Call my friends up and complain about it while doing nothing
d. Go back to school and get my masters degree while putting myself in more debt

Rich Dad Poor Dad By Robert Kiyosaki

This book is the most important financial book that I ever read! Robert Kiyosaki has allow me to open up my mind and help me realize that I live in the rat race. This book is the reason why I have chosen to follow the path to financial freedom. I now know that if I choose to have a fulfilling life I will have to think outside of the box and accomplish more then just getting a college degree. College in my opinion teaches you how to work for other people. It does not teach you how to make money. Despite what some people might say, I believe that money is extremely important when you live in a capitalist society such as America. I have learned that there are 3 types of education that you can learned. Unfortunately school only provides 2 types. Those 3 types of education include academic (reading,writing, math, etc), professional (how to go work for somebody) and financial (how to make money). School does not teach us financial education which I believe is needed to pay off school loans among other things. Robert Kiyosaki helps me to analyze finances alot differently then people who have not educated there selves on how to become wealthy. Things such as owning a home. Most people believe that their home is an asset. He believes that it's quite the opposite. If it is an asset to you then what does the bank who you pay every month consider it in their books? A liability? Stop paying your mortgage for a few months and see how much of an asset it is then.LOL. Remember, "Asset feeds you while liabilities eat you". I highly recommend this book for those who are stuck in the rat race and need guidance ASAP.