Frightening

Kia Ora,

Have just had someone I have being debating this financial education idea with in.

They said that last night they were talking to a young couple who have recently bought a house & are struggling. The next comment from the couple was well at least we have our house as an asset.

That is frightening because yes it is what most people still think. They knew what I was going to say & just maybe the change in thinking required to understand this all is starting to get through.

Maybe not too as then their solution to my cash flow problem is get a job. That thinking was good in the industrial age, but not in the information age. We need to change that thinking.

My issue is more with the mental blocks from the industrial age & identifying the ones that are holding me back. That is an issue we all have to deal with if we are going to make the required changes.

Another mate was asking about buying a house. To me he would be better whilst still in a good paying job to, if he can invest in good cash flow properties (& there are some that will stay good even in this climate) which will give him a cash flow as well as some cash for when the market really tanks to get more what he wants for lower price.

That way he can have his house (a liability despite what the banks say) & some assets that give him cash flow for when he leaves his employment. To help if he wishes I have offered to take my game of cash flow around to play some games. It doesn't cost anything but time.


Remember an asset puts money in your pocket. A liability takes it out.

It is sometimes hard when you are on the cusp of changing sides of the cash flow quadrant & the only answer people have is to get a job.

They mean well, but they are coming at it from their side of the cash flow quadrant & in their context because what you are trying to do to them seems risky. It is only risky if you don't have some knowledge. It might not work, but it is better to move when you see what is coming, than sit there just doing the same old thing.

As the saying goes "there are those who make things happen, those who say what is happening & then those who say what happened?".

Most people fall into the last category.