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House Price Crash Forum


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About Wigler

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  1. Exactly, Tim Ferris (Four Hour Work Week) refers to the Pareto Principle (80/20) rule, it seems like that's what you were doing. At the end of the day it's realsing that beyond a certain point you get diminishing returns for your efforts. The book doesn't go into details but as I wrote earlier, the basic ideas hold. It's not a get-rich-quick scam. I have several friends living the life right now.... soon I'll join them. I seen studies that people do actually enjoy more expensive things more (they did MRI scans of people's brains showing there is a measurable physiological difference). However this effect wears off quickly. Like when you buy a new jacket, feel super cool and find all the girls are checking you out... for a while. It's a drug (no really, hormones released into your blood). The effect wears off, so you buy more new stuff to get that confident feeling again. Maybe you could cultivate that feeling without needing to buy stuff? I've known people everywhere from being homeless (literally) to farirly well off to millionaires. How much money you have has little effect on your overall happiness. fulfill your basis needs. Studies have shown that beyond a certain point, more money adds less and less happiness. Yet it seems that people always overestimate how much happier they’ll be with extra money. If they earn 20k they think they’ll be happy when they get 30k, if they get 60k they think they need 80k et etc. (I know it’s hard to measure something like Happiness objectively. Read the book ‘Affluenza’ to find out more about the relationship between ‘wealth’ and happiness) I know many guys especially feel they can only do well with women if they are rich or have cool stuff. Yet from what I have seen with my own eyes and experience myself is that looks, money and material goods have 0% to do with that (except the short term boost in confidence it gives a guy) You don't even have to have a top40 hit or a killer app, how about metaphorically speaking 100 singles that only reach number 73 and sell 1 copy a month for the next 20 years.
  2. Read the 4 Hour Work Week and Steve Pavlina's blog. You need to leverage your skills. Don't trade your time for money but build systems that you get paid for continually (like a writer who writes a book or songwriter that composes a song or a programmer that writes a piece of software) Are you a programmer at all? You could sign up to elance.com or guru.com and initially offer your services freelance, then start creating products that you can sell over and over (like software, guidebooks, or iPhone applications).
  3. The title of the book was chosen as the one most people would respond to, the author admits this in the book. But the principles are sound. Don't waste your life now for a potential pay off in the future, work hard but smart, there is a point of diminishing returns in whatever you do. I have 4 close friends who are living the life right now and it doesn't involve any kind of scams or get rich quick schemes.
  4. You guys need to read the following book: The Four Hour Work Week (Look for the deeper message of the book, it applies to everyone whether you have a family or are single) and this website: Steve Pavlina (Ignore the spiritual stuff if you wish) I have several friends in their 20's that have realised that 'even if you win the rat race, you're still a rat'. I'm in my 20's so don't have broad life experience but as far as I can see 'opting out' is the sane and rational thing to do.
  5. I'm with you. Yes I understand that some people were unlucky and were forced to use debt as a last resort... but it seems that this is a minority of cases. The way I see it debt is bringing forward your future productive capacity or financial gains. Within reason there is nothing wrong with this, especially if you pay it all back with interest. But there's more to it in my opinion. There is difference IMO between taking out debt to fund education or to start a business (especially a long term ecologically sustainable one) in order to create more jobs, productive capacity etc. on one hand and taking out debt to purchase consumer goods and holidays on the other. IMO this is laying claim to more than your fare share of the earths resources, possibly even future generations claim on resources. Just think how debt (future productivity and resources) has been used, not to fund clean energy, education, infrastructure but consumer crap, dvd playes, TV's, cars... it's digusting IMO. Why should people who don't have much if any debt feel sorry for the people that helped to accelerate the depletion of the worlds resources, imposed a heavier taxation burden on the whole of society and reduced our future productive capacity?
  6. Yes, in fact this is a personality trait that I am working to adjust. I realise that on the whole my personality is more bearish / critical and although there is a time and place for that it would serve me better to be a bit more positive. So I'm working on having a more bullish / positive mindset.
  7. I am in my 20’s so have never really experienced a recession before. My parents were always saying how ridiculously expensive houses were and how it was all imaginary wealth. (They bought when they moved to the UK in 1999 and sold in 2006). I was never and am still not interested in buying a house but I never bought the line that the UK was overcrowded and there weren’t enough houses, seemed to me like there just weren’t enough affordable houses. I went to Uni and studies Philosophy including a lot of political economy (Marx, Smith etc). Then I went backpacking and met a millionaire property investor who told me that Marx had some good ideas but that land / property was the real driving force rather than labour and he turned me on to Henry George etc. I came back to the UK and found that a lot of my friends had bought houses and flats since graduating (between 2005 and 2007) It blew my mind, I’m talking people with degrees in Economics, Business Studies. One even had a masters in property development (all at Russell group Uni’s) I can’t fathom it, what were they taught!? Of course all these years I was laughed at for my crazy ideas. Anyway, the whole mess has been great for my self-esteem, turns out I’m at least as intelligent if not more so than former presidents, prime ministers, chairmen of the Federal Reserve. I’ll never question myself or my ideas again and neither should anyone here whether you’ve been educated / indoctrinated at the ‘best’ universities in the world or left school at 16 realise that most people in this world don’t know shit.
  8. Yup and it's also the country with some of the lowest rates of teenage pregnancy and drug use in the world.
  9. First of all, I'd take the advise of a billionaire investor over any of the people on here... if you want facts, look at his bank account... I'm willing to bet it looks better than most of his critics, even if he did take a hit recently. Second, I e-maild Faisal Islam a couple of times sending him videos of Peter Schiff and Jim Rogers from 2004 - 2007 and told him to interview one of these guys, I'd like to think I played a small part in getting it to happen I still find it bizarre that he is so surprised... his mind is literally blown apart by the idea that things don't always continue as they have done in the past, or that his world-view might not always be accurate, that his beliefs might be unfounded. I'm assuming Faisal is intelligent and went to a good university... I know I've said this a million times before , but this whole recession malarky has been great for my self esteem and how I look at myself... all those politicians, 'experts', well known journalists, opinion makers... not at all much more intelligent than you or I.
  10. The 'Quants' thought they could calculate the probability of 'shit-happening' and didn't think it unwise to encourage already unsutainable behaviour on the back of this. Unfortunately... shit happened.
  11. "History teaches that history teaches us nothing." - Hegel Maybe it should be "history teaches students of history that everyone else laughs at them for wasting their time on 'mickey-mouse' degrees".
  12. See this is an example of NLP being watered down. Pattern recognition (eye access cues, sense preference) is something that is done in real time. You can not generalise from what someone does in one context to another, let alone from one person to another. It's not your fault that you've gotten this impression as there are hundreds of crap 'Introduction to NLP books' that you can get for a tenner and 99% of them miss the point. Don't feel bad, 99% of people that say they are interested in NLP seem to miss the point. The mistake many people make about NLP is that they think that NLP = Protocols, Techniques, Beliefs etc. NLP is noticing human behaviour and cognition, modelling it, changing it. I think Bandler said it best: 'NLP is an attitude an methodology that leaves behind it a trail of techniques' Forget all the 'Learn NLP in 7 days' Read the books by Joseph O'Connor, Bandler, Grinder, Milton Erickson.
  13. Unfortunately NLP and Ericksonian hypnosis have been watered down a lot. There are a lot of sub-standard trainers out there which is giving the whole scene. If you can get as close to the 'source' as possible ie Richard Bandler, John Grinder and their students.
  14. On the other hand he could be a scientist who bases his views on research. Read his books before you pass judgement. Do you think it's a coincidence that the the US, UK and Australia are the countries with the most obese people, most consumerist outlook, highest indebtedness and highest incidents of depression and other psychological problems? I know corelation does not imply causation but...
  15. I don't think people are against owning a home. I'm against people who claim to own a house when as RedAlert says, they are just renting from the bank. As far as I'm concerned you don't 'own' a house untill it's paid for. I think many problems for the average person could be avoided if people realised that untill the mortgage is paid off it is not an investment but a liability. And that, as shocking as this may sound, when you take on a mortgage it's the same as a bank buying a house for you or loaning the money to you (let's you choose which one) and you have to pay the money back + interest. If you can't pay back the money then you have to get out of their house. Of course there is probably a reason why society tells us that people with a mortgage are home owners.
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