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Mr gekko ?
Greed and Financial Literacy
- Thread starter GordonGekko
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numbercruncher
Beware of Dropbears
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Re: GREED Financial Literacy and Property
I read all banks now require a deposit, most are 10pc ...... + mortgage insurance ....
Have you devised a way around this or are you going to be forced to alter your sales pitch ?
I read all banks now require a deposit, most are 10pc ...... + mortgage insurance ....
Have you devised a way around this or are you going to be forced to alter your sales pitch ?
rub92me
Don't look back
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I think you forgot to put capitals in your question, so lucky Luke won't see it
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I think you forgot to put capitals in your question, so lucky Luke won't see it
lol , nah im just illiterate , personally hanging on the edge of my seat waiting for an explanation
Julia
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Nun, a further quote from Mr Gilford's website is:
When I read this I remembered that great segment from The Chasers' - a spoof on "The Secret" which was all the rage at the time. The theme was that all you had to do was think something was yours and it would happen.
They acted out some hilarious consequences of this airy fairy philosophy with predictably funny results.
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well i think i want drew barrymore the airy fairy stuff dont phase me its the stuff on that video expose that does , this airy fairy fantasy game has led to a bit of diddling and scamming of normal everyday people according to that video
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just checking if i had got a reply yet to my question
oh well
oh well
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I came across this which explains well how we got here :
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_gilbert&sid=a1fW2P6H4W5U
And the attitude of the greedy and supposedly financial literate!
Anyone got a recipe for 'humble pie'?
:http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_gilbert&sid=a1fW2P6H4W5U
And the attitude of the greedy and supposedly financial literate!
Anyone got a recipe for 'humble pie'?
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Dear mr G , i had to rehash my original question as been a few posts since and im afraid you may have missed it,
i do hope you respond tonight as i am off on an awfully big adventure for the next 3/4 weeks and might not be in too view the answer
if you cant make it tonight, i will try and remember to ask again when i get back just in case the question is lost again
have a great evening and catchya later
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MAYBE HE HAS BEEN TAKEN IN BY THE AUTHORITIES BECAUSE OF HIS DODGY DEALINGSLOL
DAM CAPS ROFL
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Sorry nun....been away on conference.
I promote the secret as a way to stay positive. Looking into it any further and you are just wasting your time on over-analysis.
If people on that video have been dodgy, then they will be caught. I am annoyed that something so simple can be tainted by people who have no integrity.
GEKKO.
GEKKO.
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theasxgorilla
Problem solved... next bubble.
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Re: GREED Financial Literacy and Property
You could always come to the Netherlands. Even in this market I can borrow 100% of my purchase price, plus my purchase costs (eg. stamp duty plus more), and open a effective line of credit for any renovations I'd like to make to the house. So long as the total of this loan doesn't exceed the maximum amount my salary qualifies me for.
You could always come to the Netherlands. Even in this market I can borrow 100% of my purchase price, plus my purchase costs (eg. stamp duty plus more), and open a effective line of credit for any renovations I'd like to make to the house. So long as the total of this loan doesn't exceed the maximum amount my salary qualifies me for.
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Re: GREED Financial Literacy and Property
Well actually if you READ my post you will see that I have said that you can buy property with NO MONEY down. Where in that did I mention getting a mortgage???
You people have got to start seeing OUTSIDE the square if you are going to move forward in life. Instead of picking every little microscopic word from every post that I make, how about ASKING how to do it or better yet, practice it yourself.
Never will I have to recant anything I say, because the things that I teach have always been around and will always be around, you just have to become literate and use the system to your advantage, after all, these laws have been created to ASSIST you not HINDER you.
Additionally, only CBA and ANZ have opened their mouths about not offering 'no deposit home loans'. But what about the other 60+ lenders out there, or do only know about the big 4???
GEKKO.
Well actually if you READ my post you will see that I have said that you can buy property with NO MONEY down. Where in that did I mention getting a mortgage???
You people have got to start seeing OUTSIDE the square if you are going to move forward in life. Instead of picking every little microscopic word from every post that I make, how about ASKING how to do it or better yet, practice it yourself.
Never will I have to recant anything I say, because the things that I teach have always been around and will always be around, you just have to become literate and use the system to your advantage, after all, these laws have been created to ASSIST you not HINDER you.
Additionally, only CBA and ANZ have opened their mouths about not offering 'no deposit home loans'. But what about the other 60+ lenders out there, or do only know about the big 4???
GEKKO.
Wysiwyg
Everyone wants money
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An alternative to a mortgage is saving for 40 years and paying cash for the house.I know I know, inflation will kill you this way.Gotta love the financial system and the niche these predators are in hey.
theasxgorilla
Problem solved... next bubble.
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Once again, in the Netherlands, you can get your loan, go and buy your house, pay the interest on your loan (think of it as renting your own abode), and each month put away a separate principal component into an interest-bearing, tax-advantaged savings scheme so that at the end of your mortgage period you have enough to go bang, pay off the original loan and own the house. Or would you rather rent from a landlord and wait 40 years??
For those who are not so faint-hearted you can opt to invest the accrued principal savings into riskier assets with the aim of generating higher returns. Unfortunately I think the people who did this 12 months ago could be feeling a little sorry for themselves right now.
I really enjoy seeing how other countries solve their "financial literacy" problems.
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Why are we getting into you Gordon? Hmnnn something to do with short and long memories and burnt fingers. Unfortunately much of what you say sounds exactly like the hucksterism that has ripped off thousands and thousands of people.
On the property side we now have had plenty of "get rich quick" property schemes which have been based on what is effectively pyramid selling of overpriced properties, highly expensive "courses" and white shoe salesman from Queensland.
On the share side we have memories of Bernie Cornfield "Do you sincerely want to be rich", insurance companies with savings plans/super plans that just ripped you off in fees and lying marketing and then the financial advisers that have encouraged people into debt to purchase shares so that their commissions would be that much bigger. And don't even think about the BNBs, Alcos and other finance groups.
On the human development side most people with a critical mind have seen through the BS of The Secret and similar programs. Promoting it in this forum is possibly seen as a bit of an insult to a generally thoughtful group of people.
And finally do you think that adopting the Gordon Gecko persona is a good look? The events on Wall Street in the 80s were criminal, shameful and destroyed billions of dollars and many people lives - with the very small exception of course of the Gecko look alikes. It has only been exceeded by the last 6-7 years of financial illiteracy on WS.
Gordon you may have something valuable to say. But from what I have seen so far it all looks and sounds like the hucksterism that inevitably collapses destroying the lives of thousands of little people.
On the property side we now have had plenty of "get rich quick" property schemes which have been based on what is effectively pyramid selling of overpriced properties, highly expensive "courses" and white shoe salesman from Queensland.
On the share side we have memories of Bernie Cornfield "Do you sincerely want to be rich", insurance companies with savings plans/super plans that just ripped you off in fees and lying marketing and then the financial advisers that have encouraged people into debt to purchase shares so that their commissions would be that much bigger. And don't even think about the BNBs, Alcos and other finance groups.
On the human development side most people with a critical mind have seen through the BS of The Secret and similar programs. Promoting it in this forum is possibly seen as a bit of an insult to a generally thoughtful group of people.
And finally do you think that adopting the Gordon Gecko persona is a good look? The events on Wall Street in the 80s were criminal, shameful and destroyed billions of dollars and many people lives - with the very small exception of course of the Gecko look alikes. It has only been exceeded by the last 6-7 years of financial illiteracy on WS.
Gordon you may have something valuable to say. But from what I have seen so far it all looks and sounds like the hucksterism that inevitably collapses destroying the lives of thousands of little people.
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Why are we getting into you Gordon? Hmnnn something to do with short and long memories and burnt fingers. Unfortunately much of what you say sounds exactly like the hucksterism that has ripped off thousands and thousands of people.
On the property side we now have had plenty of "get rich quick" property schemes which have been based on what is effectively pyramid selling of overpriced properties, highly expensive "courses" and white shoe salesman from Queensland.
On the share side we have memories of Bernie Cornfield "Do you sincerely want to be rich", insurance companies with savings plans/super plans that just ripped you off in fees and lying marketing and then the financial advisers that have encouraged people into debt to purchase shares so that their commissions would be that much bigger. And don't even think about the BNBs, Alcos and other finance groups.
On the human development side most people with a critical mind have seen through the BS of The Secret and similar programs. Promoting it in this forum is possibly seen as a bit of an insult to a generally thoughtful group of people.
And finally do you think that adopting the Gordon Gecko persona is a good look? The events on Wall Street in the 80s were criminal, shameful and destroyed billions of dollars and many people lives - with the very small exception of course of the Gecko look alikes. It has only been exceeded by the last 6-7 years of financial illiteracy on WS.
Gordon you may have something valuable to say. But from what I have seen so far it all looks and sounds like the hucksterism that inevitably collapses destroying the lives of thousands of little people.
Excellent post. I once saw an interview with Michael Douglas where he said that when ever he was out at dinner (or whatever), he would get fund managers and bankers come up to him and tell him, he is the reason why they are in the business.
chops_a_must
Printing My Own Money
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Yep, it's unreal how many people somehow take the completely wrong message from that movie...
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GREED, or SELFISHNESS, is infantile. A newborn is inherently selfish as this it what its genes tell it has to be in order to survive. Once we reach the age when we can understand language we are then taught by our mothers “to share”. Now we have progressed beyond the gene to the meme, a self-replicating idea or concept, and the essence of being human.
I guess what you are alluding to with the term "financial literacy" is the ability to do mathematics. Then let’s do some maths.
There are ten meals at a table and there are ten hungry people that NEED one meal apiece in order to survive. If GREED is good and you therefore decide that you WANT four meals, then three other people at the table are going to miss out. It is entirely irrelevant that the other nine people at the table can do the math and work out that nine into six simply does not go, being “financially literate” does not create three more meals out of thin air. The resources are FINITE.
Now you would argue that those who are missing out do so because of their ignorance of mathematics or “financial literacy”, but if they are “financially literate” then they can not only own their house, but have several others that they can be renting out. Does this mean that if everyone is “financially literate” they can all own several houses? Of course not, who is then going to be renting out those houses? The simple fact of your so-called euphemism for selfish greed, “financial literacy”, is that it will ALWAYS impoverish many for the benefit of but a few. Your argument though is that those in poverty somehow DESERVE to be impoverished because they do not demonstrate unmitigated GREED, that they DESERVE poverty because they choose to THINK rather than be “educated”, or brain washed if you prefer, into believing that if we are all greedy it will work out best for everyone.
Maybe you should consider how well GREED worked out for Nicholas Romonov and the Russian aristocracy in 1917 or for Louis XVI and the French aristocracy in the late 18th century. Truly, the only WISDOM you have demonstrated is the concealment of your identity with that of an alias derived from a fictional movie character. This may actually allow you to keep your head for a little longer. If you truly believe that “GREED IS GOOD” then in keeping with the fictional movie character theme, let me quote Morpheus from “The Matrix” and tell you “you’ve een living in a dream world Neo”.
I guess what you are alluding to with the term "financial literacy" is the ability to do mathematics. Then let’s do some maths.
There are ten meals at a table and there are ten hungry people that NEED one meal apiece in order to survive. If GREED is good and you therefore decide that you WANT four meals, then three other people at the table are going to miss out. It is entirely irrelevant that the other nine people at the table can do the math and work out that nine into six simply does not go, being “financially literate” does not create three more meals out of thin air. The resources are FINITE.
Now you would argue that those who are missing out do so because of their ignorance of mathematics or “financial literacy”, but if they are “financially literate” then they can not only own their house, but have several others that they can be renting out. Does this mean that if everyone is “financially literate” they can all own several houses? Of course not, who is then going to be renting out those houses? The simple fact of your so-called euphemism for selfish greed, “financial literacy”, is that it will ALWAYS impoverish many for the benefit of but a few. Your argument though is that those in poverty somehow DESERVE to be impoverished because they do not demonstrate unmitigated GREED, that they DESERVE poverty because they choose to THINK rather than be “educated”, or brain washed if you prefer, into believing that if we are all greedy it will work out best for everyone.
Maybe you should consider how well GREED worked out for Nicholas Romonov and the Russian aristocracy in 1917 or for Louis XVI and the French aristocracy in the late 18th century. Truly, the only WISDOM you have demonstrated is the concealment of your identity with that of an alias derived from a fictional movie character. This may actually allow you to keep your head for a little longer. If you truly believe that “GREED IS GOOD” then in keeping with the fictional movie character theme, let me quote Morpheus from “The Matrix” and tell you “you’ve een living in a dream world Neo”.
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