A Quote by Robert Kiyosaki
It's time to start thinking differently about money and debt and start the healing process - and the process toward wealth and freedom. 'Freedom from Bad Debt' can get you started.
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Goals work. Pick one debt, and then put every dime into paying down that one debt. Once that debt is paid off, start paying down the next debt. Pretty soon it's time to move from paying debt to building savings.
The model for our early bankruptcy laws was Deuteronomy, the idea that, under certain circumstances - in Deuteronomy, it is simply the passage of seven years' time - people are released from debt, simply because they are released from debt. No more debt. You start over again. This has been a very powerful model in this country. It's being destroyed now. People talk about how much new employment, new wealth, and so on are continuously generated in this country.
Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
But libraries are about freedom. Freedom to read, freedom of ideas, freedom of communication. They are about education (which is not a process that finishes the day we leave school or university), about entertainment, about making safe spaces, and about access to information.
Write. Start writing today. Start writing right now. Don’t write it right, just write it -and then make it right later. Give yourself the mental freedom to enjoy the process, because the process of writing is a long one. Be wary of “writing rules” and advice. Do it your way.
The ruling passion of the age is to convert wealth into debt in order to
derive a permanent future income from it - to convert wealth that perishes
into debt that endures, debt that does not rot, costs nothing to maintain,
and brings in perennial interest.
An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
When I started my writing process for 'Empty Bank,' everything had to do with money. It was at a time in my life where I started to see money differently.
Pay off your debt first. Freedom from debt is worth more than any amount you can earn.
There's also consumer debt, the credit card debt that burdens many of the working families in America. Yes, we talk about national debt, and we're paying a lot down. But you're fixing to hear me tell you part of the remedy for people who have got a lot of credit card debt is to make sure people get some of their own money back.
Not all debt is bad. From time to time we should get into debt when there's a good reason for that.
I've always seen process of crafting as part of the thinking process. It really forms the gestation of the work. I'll get an idea; I want to express this idea, sometimes I'll start it, but during the process of making the object - if it's an object or a painting - it changes. It never goes in a linear progression from A to Zed. It's always this kind of circuitous, stumbling, groping in the dark kind of process of evolving.
I say let's go back to a truer use of the word 'freedom.' Let's start with President Franklin Roosevelt's Four Freedoms: freedom of speech and expression, freedom of worship, freedom from want and freedom from fear. I would add the freedom to bargain collectively. Those freedoms are under attack today.
When you are not separate from the creative process, time ceases to exist. You might start to feel tired and suddenly realize that much time has passed. It isn't necessarily a happy time - and may be very difficult to start if it is a job or an obligation. But if' you start with all the concrete needs and proceed in a thorough way - the creative process will take over and you will forget whether it is work or play. Working in the here and now is one of the most uncontaminated ways to work.
Here's the first major lesson: Writing is not an activity. It's not something you sit down at the keyboard, and just start doing. That's called 'typing.' Typing is an activity ... Writing is a process. And if you start thinking of it as a process, life gets so much easier.
The U.S. has a law on the books called the debt limit, but the name is misleading. The debt limit started in 1917 for the purpose of facilitating more national debt, not reducing it. It still serves that purpose. It's unconnected to spending, hurts our credit rating and has been an abject failure at limiting debt.
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