Binary Economics w/ Prof Ashford and Blastingcaps pt 2
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It not just owning versus not owning, its what you own. If you own things that produce something, the Rich Dad Poor Dad definition of asset.
Labor is rapidly becoming a worthless commodity.
One very simple solution is stop taking a salary and instead get shares and receive payment in dividends. That way you could design yourself out of a job and be happy.
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There is no such thing as insurance for investments. If you plant a seed and it doesn't grow the seed is gone and the time spent is gone.
The only real protection from a failed investment is to keep some wealth in savings and the economy on whole to produce more than was invested.
LENDING IS THE PROBLEM. If you can't get a people to risk their capital in the investment then you investment is too risky.
The solution is true partnership. Investing time and materials and receiving dividends.
MarkProffitt 2 years ago
good thoughts here about ownership - I ponder this often - our relationship to matter and each other
paulagloria 2 years ago