Dylan Lawrence Moore

This exists. It's called broadband insurance. It insures YOU for whatever car you're driving in, regardless of what it is. However, if you have broadband insurance, if someone else drives in your car, they're not insured. Also, with the 5 car example, it's got a pretty simply solution: call the insurance company and insure a car for the one day you're going to drive it. Noncommercial auto insurance is prorated by law. Because the government fucked everything up.

That was awesome. For the record, I actually don't like Kiyosaki's teaching method. I do, however, love the material he teaches.

I was snickering to myself about that very image when I said it. There is nothing unique to insurance companies about this. Any business can do this. It's competition that keeps this at bay. You don't have to pay insurance on cars. You can total it and be out a car. However, you do have to insure your liability for driving a car. You might hurt someone else or destroy their property. Also, what's wrong with more money for insurance companies? Again, I don't see how that differs from any other business looking to make profit. You must not have listened to my video carefully. There is more money in healthy people than sick ones as far as the insurance companies are concerned; healthy people don't make as many claims as sick ones. Obviously the situation is screwed up because the government gets involved--again, this applies to any business. In talking about insurance, I was looking at the raw concept and its affects on behavior, both of the insurance company and the insured. Of course it's all about money. It's a business. Why does this make it a racket?

The attitude I received about insurance from my family and social network growing up was that it wasn't much more than a scam. You get just enough so the state doesn't slap a ticket on you, and so your family doesn't guilt you for not having it. My father regularly drove without car insurance and my mother could never give me an adequate explanation other than I "just needed to have it". I've learned much since then, and it occurred to me one day after getting some real training on the usefulness of insurance and some historical perspective of where it came from, that insurance is one of the primary tools we use to keep our societies running. What exactly does it mean to "mitigate risk"? Video below.

Just for the record: I started with Kiyosaki. I'm now running two businesses, one of which is investing in real estate. The "guru" model that the seminars are based on aren't bad information, it's that you can't simply learn that much stuff in a weekend. Developing a wealthy mindset can take years for some people. It's also annoying that you get upsold the whole time on the next seminar.

Yes, but when a country is the sovereign issuer of its own currency, it doesn't need to pay the debt back in order to issue more currency. In the US system, the government does not collect taxes and does not issue future bonds in order to pay for spending and interest on current bonds. Taxation extinguishes dollars into oblivion, and spending/paying out interest creates them out of nothing. The "debt" is sustainable because it isn't debt. It's just money floating around out there. There is no economic Armageddon around the corner. Peter Schiff doesn't know what the hell he's talking about when he says that interest rates on US bonds going up are a sign that the system is about to collapse. The interest rates are 100% arbitrary and the government could make them 10% or 0% and not affect its spending one iota. And before someone says something about a downward spiral into hyperinflation, answer me this: if the government doesn't create the money, then where does money come from?

Better to fuck something up and learn than never do it at all.

Nope. My own experience.

Throw their shit tests back in their faces and you won't be able to stop them calling you.

Honestly, I think the relationships are more important than the money. I think this is also one of the more destructive aspects of the public schooling system: testing and accomplishment is always measured by what you can do by yourself, while successful and powerful people use their relationships as leverage. The saying "it's not what you know, it's who you know" is no joke. But yes, getting your name out there originally is tough. So far I've found the best way to do it is to bust ass and get the job done. People will notice and remember you. I don't know if you've been watching my MMT videos (also on my channel), but there isn't any historical evidence of non-state money. Even when money was gold, it was money not because the free market traded it, but because the government demanded it in taxes. Ultimately I'm an anarchist, so I prefer no state anything. However, we have yet to graduate out of that system, and for the time being the government controls money. I think if we ever plan on graduating to non-governmental currencies, we need to understand how the governmental ones work in the first place. Saying "gold is money" over and over again doesn't accomplish this. Sure thing! We need more people who are capable of and desiring after reason to become powerful. Money is an important component of that.

FDR Member Diego stumbled across my videos on the boards and reached out to me to discuss MMT after watching my "MMT for Conservatives" series. Great conversation. Thanks for reaching out Diego!

Why does the debt have to fail eventually?

I would agree that it means that, but often people use it to mean "think of reasons why you can't afford things". For example, when I tell people about my real estate deal I'm working on, they will often say, "I would like to do that, but you gotta have money to get started." And I say, "Sure, but it doesn't have to be your money. I'm using someone else's money for mine." To which they generally laugh nervously and change the subject. For that HUD job I described, my business partner and I could have approached with the attitude: "Well, we can't afford the 6-8k to clean it up, so I guess we can't do the job." Money is everywhere; it's flying around and you just have to learn how to use it. I blame the public educational system, where we seem to pick up that IF YOU DIDN'T SPECIFIC WORK AN HOURLY WAGE TO EARN IT BY THE SWEAT OF YOUR BROW, THEN YOU CAN'T USE IT. This is also why I'm a big advocate of NO gold standard. Money isn't a commodity, it's an idea that allows us to keep tabs on each other. For the rest of your post, sounds pretty good. I think you will find the rest of that book useful.

Indeed I mean something else. That's just being fiscally irresponsible. Unless you're going for strategic default, in which case you're a sneaky SOB. Let me give you two personal examples of what I mean. My main business is a property cleanup business. We recently got a contract with a company that works for HUD to do a major cleanout that we bid for $15k. We knew that it was going to cost us $6-8k to finish the job, but we didn't have that much money sitting in our business bank account. However, I do have that much money in credit cards. We charged everything to the card when doing the job, and I just let the amounts sit there until we got paid. We then paid off the credit card, then paid ourselves with the remainder. I was able to leverage the credit card company's money to get a job done that we otherwise wouldn't have been able to afford to do, and we made decent money because of it. I also have a side business where I'm developing a lot to put a house on. Our budget is $250k. I found someone who was interested in financing the deal in exchange for getting paid for their money. Thus I'm leveraging someone else's money to get a job done and make money for myself. Thus my business is $250k IN DEBT right now. That's fine. It will get paid back when the house is sold. If I were "fiscally responsible" and never got myself into debt, I wouldn't be able to do either of these things. That's what I mean by "leverage" and "other people's money".

"Fiscally responsible" and "paying something off" is kind of a mediocre mindset. Words like "leverage" and "using other people's money" is a much, much more powerful mindset to have.

Just kidding. I think sites like Steemit, Minds, Bitchute, DTube, and Gab.ai are going to annihilate Facebook, Youtube, Google, and Twitter once millions of viewers of censored media producers start getting fed up and moving over to blockchain-backed free speech alternatives. I'm ready for the Platinum Age of the Internet! I listened to a recorded lecture of Murray Rothbard about monopoly and competition. He went over how around the 1930s the definitions for these two words were changed to essentially have diametrically opposite meanings as they had before. Monopoly went from meaning "exclusive license granted by the state" to "having an unequal part of market share". To understand the latter, imagine a group of 10 farmers farming corn. "Competition" would mean each farmer sharing 10% of the market, and any farmer that grows beyond his 10% is considered to "have a monopoly". With this nonsense/socialistic view of monopoly, Rothbard points out that there is such a thing as natural monopoly. One company or organization is innovative or invents a new technology and devours the market and faces insignificant competition until the rest of the market gets their act together and catches up. Google, Facebook, Youtube, and Twitter have enjoyed a natural monopoly for several years now, and with their swinging hammers of censorship, they are about to lose that privilege. Nice knowin' ya.

That's a logically consistent statement. It does benefit the individual who is looking to become an entrepreneur to not have to worry about something like healthcare when making the transition. That doesn't mean that universal healthcare is a good idea on the societal level.

I think one thing I should have emphasized a little more heavily in my video is that ALL installment debt works like a mortgage. Student loans, car loans, business loans, whatever. Understanding how debt works can help you at whatever level you're at, even if it's poverty level. I lived for many years being flat-ass broke, and one of the massive things that started to help me get out of it was learning how to use debt products. Having a credit card that I essentially used as an "overdraft" account took massive amounts of stress out of my life, because I wasn't constantly biting my nails wondering if I could pay my bills on time. You know that issue where you know you'll make enough money by the end of the money, but you just don't have it right now? Yea, the "overdraft credit card" helps with that immensely. Of course, the issue is, as I briefly mentioned in the video, the way we've been taught to think about things like credit cards. Most of us (I think, I certainly learned this) have learned that CC's are evil and just a way for corporations to take advantage of people who can't help themselves and wrack up their credit and go into collections for seven years. If you have no self-control, this is certainly the case. However, like a mortgage, a credit card is just a tool and if you learn how to use it properly, quite a powerful one. Thus I would say: start learning about finance and debt now. Nerd out on it. Regardless of potential shady business dealings, Robert Kiyosaki's book Rich Dad Poor Dad is an excellent tool to expand your mind about money. Once you get a better understanding of money and debt, your plans might change. Also, doing it 19 will put you several steps ahead of your peers. Many people go through their whole lives without understanding any of this.

When I see you pull a Buckminster Fuller, I'll acknowledge you know what you're talking about.

I need 7 homes. Around the world.

What's to stop everyone from ordering every item available on earth instantly?

Annnd.... that summed my video up in one sentence.

I don't know about Kiyosaki's scams, but his book Rich Dad Poor Dad was the first step in helping me change the way I think about money and wealth.

NOOOOOOOOOO!!! You need to refinance and work 8 jobs to pay for it!!!

Crazy what a little arithmetic can do, isn't it?