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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

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0 Members and 4 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

So I thought I was on my way to being a millionaire back in the 1990's.But soon the value of it started going back down and the IRS rules said I had to quit my JOB to get it out of my IRA.I did not have the courage to quit my JOB at that time.So it dropped to $40,000 from $100.000 then went back up to $60,000.Four years later I did quit and only got $50,000 out of my IRA.I learned I could not control the stock market and interest rates.I learned that I had tied up my money too tightly by letting it be bound up by IRS rules for that IRA.
Thats why I said the plan in that book was too simple.I had learned how to make it maybe but not how to KEEP IT. triffid

triffid

So I started trying to learn how to keep it since the mid 1990s.At my new job The IRS rules were not so restrictive.But The stock market was wild in those early days.I did not have 1000 shares or anything like that until I was with them for eight years.By that time (2005) the value had dropped from $100 a share to about $13.00 at its lowest.So now that I'm retired I no longer have stocks since I sold them some time back.I do have my own house paid for.I had to lose a brother to get that.If I had known what to do back in the early 1990's I could have been a millionaire by 2000 but that is hindsight and its always 20/20.triffid

triffid

I plan to go into real estate in a big way as a base for my wealth.I have far more control over real estate than I do the stock market or interest rates.triffid

triffid

I do read other financial books.One was about how people with no education and no money who came to this country without being able to speak english.That book was about several people who were in that condition and how they made it big.One couple who had a business lived in the store for a year and paid off their business before they got an apartment one year later.Another guy had an opening deadline in the morning for his business in a shopping mall.Things were not ready so he paid the carpenters and other help double and triple the normal wages to have them work through the night.He opened on time with the store ready for the public.As an example I said to save 10% but one of these people might save 70% or more to reach their goals.
So the government may not help you but there are things you can do for yourself.Like read books!triffid

triffid

Some interesting reading on the drinking bird:Like the power generated by one:
A recent analysis[3] showed that the evaporative heat flux driving a small bird was about 1â,,2 W, whereas the mechanical power expressed in bird's motion was about 1â,,20,000 W. The system efficiency is about 0.01%. More practically, about 1â,,1,000,000 W can be extracted from the bird, either with a coil/magnet or a ratchet used to winch paperclips.
Recently, a 'dunking bird of the second kind' was introduced [4], which, while similar to the original drinking bird, is not a heat engine, and will operate without a temperature difference, instead extracting free energy directly from the evaporation of water.  triffid