Carding Forum
Professional
In short, poverty is a long-term problem that we struggle with throughout our lives.
If you and your whole family take a break for at least a couple of years and stop carding, then very soon it will turn out that you have nothing to buy clothes, food, or pay for housing.
Let's look at an example of why carders are getting poorer.
Most people think that the best investment “in the family” is when you buy your own home, a car, and if the opportunity arises, get a larger home, change your car to a better one. It sounds familiar to us and there seems to be nothing wrong with it. BUT!
A more spacious apartment entails higher costs for heating, electricity, and maintenance. A cooler car is more expensive to maintain, it has more expensive insurance, and higher taxes. It turns out that income has not changed, but expenses have increased. Accordingly, you, unnoticed by yourself, become poorer.
What now, will you order me to live in a one-room apartment all my life and drive a cheap car?
No. There is no point in giving up spacious housing and a good car, because it increases the level of comfort and overall quality of life. But it's important to do it right.
How will be correct?
This is where we come to the most important thing.
Imagine that you want to buy a car or upgrade your old car to a newer and more expensive one.
I'll give relative numbers just to get the point across. Insurance will go up $100 a year, taxes will go up $100 a year. And, for example, you will have to fill it with more expensive gasoline (95, not 92), which in total will add another $100 to your fuel costs per year. Tire fitting, washing and service will also be more expensive, and let’s say, will also add +$200 per year to your expenses.
As a result, the price of your new level of comfort if you upgrade your car will be +$500 per year.
Note, this is a new expense item in your life; it didn’t exist before, but now you’ve updated your car and now you’re forced to pay more.
You can easily buy a new car, but only if you first buy something that will put that $500 in your pocket every year. Stable. Regardless of whether you do something or do nothing. This is money that should just silently go straight into your pocket.
For a financially educated carder, something that brings a certain amount of money directly into your pocket is called an asset (in economics, an asset is a completely different thing).
Poor carders only get poorer because when they have free money, they buy more and more liabilities, which force them to spend more and take money out of their pocket.
Rich carders only get richer because when they have free money, they buy more and more assets, which puts money in their pocket every month.
And with income from assets you can buy expensive watches, cars, mansions and even yachts. After all, they will be servicing all this stuff not with money from the family budget, but with money that continuously flows from their assets.
Just pay attention to what your family owns. Do you maintain a balance between assets and liabilities, or are there more liabilities? This is easy to answer if you pay attention to how you cover the costs of your liabilities, how you pay for an apartment, a car, cellular communications, and the Internet. Are you redirecting money from assets or spending your salary on it?
Most carders do not think about this throughout their entire lives. They don’t teach this to their children, they don’t talk about it in schools. Many people don’t need to be taught this, because then who will work for money if everyone makes money work for themselves?
Think about what kind of assets you can acquire. It is quite possible that your plans for the next major purchase will change greatly.
If you and your whole family take a break for at least a couple of years and stop carding, then very soon it will turn out that you have nothing to buy clothes, food, or pay for housing.
Let's look at an example of why carders are getting poorer.
Most people think that the best investment “in the family” is when you buy your own home, a car, and if the opportunity arises, get a larger home, change your car to a better one. It sounds familiar to us and there seems to be nothing wrong with it. BUT!
A more spacious apartment entails higher costs for heating, electricity, and maintenance. A cooler car is more expensive to maintain, it has more expensive insurance, and higher taxes. It turns out that income has not changed, but expenses have increased. Accordingly, you, unnoticed by yourself, become poorer.
What now, will you order me to live in a one-room apartment all my life and drive a cheap car?
No. There is no point in giving up spacious housing and a good car, because it increases the level of comfort and overall quality of life. But it's important to do it right.
How will be correct?
This is where we come to the most important thing.
Imagine that you want to buy a car or upgrade your old car to a newer and more expensive one.
I'll give relative numbers just to get the point across. Insurance will go up $100 a year, taxes will go up $100 a year. And, for example, you will have to fill it with more expensive gasoline (95, not 92), which in total will add another $100 to your fuel costs per year. Tire fitting, washing and service will also be more expensive, and let’s say, will also add +$200 per year to your expenses.
As a result, the price of your new level of comfort if you upgrade your car will be +$500 per year.
Note, this is a new expense item in your life; it didn’t exist before, but now you’ve updated your car and now you’re forced to pay more.
You can easily buy a new car, but only if you first buy something that will put that $500 in your pocket every year. Stable. Regardless of whether you do something or do nothing. This is money that should just silently go straight into your pocket.
For a financially educated carder, something that brings a certain amount of money directly into your pocket is called an asset (in economics, an asset is a completely different thing).
Poor carders only get poorer because when they have free money, they buy more and more liabilities, which force them to spend more and take money out of their pocket.
Rich carders only get richer because when they have free money, they buy more and more assets, which puts money in their pocket every month.
And with income from assets you can buy expensive watches, cars, mansions and even yachts. After all, they will be servicing all this stuff not with money from the family budget, but with money that continuously flows from their assets.
Just pay attention to what your family owns. Do you maintain a balance between assets and liabilities, or are there more liabilities? This is easy to answer if you pay attention to how you cover the costs of your liabilities, how you pay for an apartment, a car, cellular communications, and the Internet. Are you redirecting money from assets or spending your salary on it?
Most carders do not think about this throughout their entire lives. They don’t teach this to their children, they don’t talk about it in schools. Many people don’t need to be taught this, because then who will work for money if everyone makes money work for themselves?
Think about what kind of assets you can acquire. It is quite possible that your plans for the next major purchase will change greatly.
