Welcome to Finance and Fury, the Furious Friday edition

Last week: Being grateful for what we have, where Australia started and where we have come

Today:

  • Luck truly running out
  • How it can be manipulated

What is luck?

  • Success or failure apparently brought by chance rather than through one’s own actions’
  • The saying that ‘we make our own luck’
  • What are the outcomes of being lucky?
  • The difference between success and failure
  • If you were born in a Western Country, you were born lucky
  • We have a great upwards mobility of wealth
  • The real luck is being given the ability of choice
  • Have a look at the freedom indexes, they show higher levels of quality of life
  • Where does freedom come from?

There is a very strong correlation between free nations (economically and legally) and prosperity/quality of life

What exactly makes a nation free, and gives the population every opportunity to build their own success instead of luck?

I have been getting into the key figures in the Founding Fathers

  • Not often do you get to see the people stand up to a governing system and establish their own
  • Happened in Rome in 509 BC
  • 13 colonies voted to join forces against King George
  • In 1787 they formed the ‘constitutional Federal Republic’ not a democracy
  • Dictatorial powers, what are they?
  • Freedom from tyranny – sunlight is the best disinfectant
  • Should we ban people from speaking because some people find it offensive?
  • You can have pure garbage or allow expressing legitimate issues for people
  • The second amendment – a well-regulated Militia and the right of people to bear arms
  • Jurisprudence is the context along with the amendment or law

Australia the Federal Parliamentary Constitutional monarchy

  • Not a true democracy either
  • There are 2 types: the direct democracy and the representative democracy
  • We are a constitutional monarchy
  • The governor general answers to the Queen
  • Australia ranks high on the freedom index – but retaining this is up to us
  • The US started free however it has dropped massively
  • The supply of money has a big influence over our life and we don’t vote for the members of the RBA

From an ABC article 

  • Link to the article here
  • People were surprised where they sat for income or wealth compared to the average
  • Issues from the control of information from the government or media
  • When censorship is legislated from the government it leads to corruption
  • Australia has 180 bits of legislation passed every year, can you name one?
  • Stalin quote “Education is a weapon whose effects depend on who controls it and at whom it is aimed”
  • Misdirection leads people to vote away their liberties

Comes from both ends:

  • It is nice to think that politicians are to blame
  • It is also up to us, who we vote for and what we allow?
  • Notice that by the time you hear about a law, it is already too late
  • To what extent do new driving laws relate to impairment of driving and not straight forward punishment?

Another thing barely reported on

  • Have you heard about the government in Darwin and their social credit score system?
  • We did an episode a while back on the social credit score – link is here
  • How is this possible?
  • Branded as the “smart city”
  • What type of activity will sound an alarm?
  • How should we react to this new level of control?
  • How the Chinese Communist party rolls out infrastructure and software abroad
  • Any Australian governing body implementing totalitarian social control is a major concern

Moral of the story, regardless of how it is positioned, don’t give up freedoms or the luck of being born into a society with a lot of potential

But what if the news doesn’t want to inform us?

Monetary side messing with the economy and the lack of information around this from the media. The need to sensationalise everything for revenue instead of informing people of current affairs

Next episode: How a few individuals around the world control all of the economies at the top level due to the supply of money

Thanks for listening, if you want to get in contact you can do so here.

Furious Friday: Do you work full time? Are new tax cuts only going to the “top end of town”? Is this “selling Queenslanders out”

Furious Friday Do you work full time? Are new tax cuts only going to the “top end of town"? Is this "selling Queenslanders out"? Welcome to Furious Friday… The Tax Bill has Passed…Yay! Now, let’s clear up a little misconception floating around, we’re going to talk...

5 property investing myths you have to stop believing immediately.

Welcome to Finance & Fury! Today we’re talking about five property investing myths you have to stop believing. At the moment property has gone from being the most talked about, exciting thing… to the most talked about, negative thing. Since 1994 there has been...

The RBA rate drop will further compound our ‘low growth trap’, rather than stimulating the economy

Welcome to Finance and Fury, The Furious Friday Edition In this ep, we continue looking at the lucky country look at a downward spiral in growth – low growth traps – and how it is created by what is meant to help growth?   Low growth trap – The big problem comes...

What does a good asset allocation for passive income look like?

Welcome to Finance and Fury, The Say What Wednesday Edition.  Where each week we answer a question from you. Hi Louis, I have a questions about portfolio construction and asset allocation. I am 36 years old and am trying to understand what is the most appropriate...

Who is responsible for your happiness and financial wellbeing?

Welcome to Finance and Fury Looking around in Australia - increasing disparity in wealth, and social fragmentation That social fragmentation means Australians are become "more self-interested, more materialistic, more competitive". Our largest challenge as a society...

How to not get screwed over when buying property

Episode 28 How to not get screwed over in property, the warning signs of scams and how to do your property research Warning signs of scams Off the plan/cold calling companies Buying off-the-plan, or purchasing a property that has yet to be built – The time between the...

Savvy Super: Tips on what you can do now with little effort or sacrifice to maximise your future

Episode 14 Savvy Super: Tips on what you can do now with little effort or sacrifice to maximise your future Have your Super set up – do yourself a favour! What will kill your retirement? Not looking at your super now. Would you trade 15 minutes now for $350,000 in 30...

The skinny on spare change investment apps and building wealth when you’re earning $25,000 or less a year.

Say What Wednesday The skinny on spare change investment apps and building wealth when you’re earning $25,000 or less a year. Welcome to Say What Wednesdays – Where we answer your personal finance questions each week. Two questions this week from Chris: No 1 what are...

How do I transfer an overseas pension fund to Australia?

Welcome to Finance and Fury, the Say What Wednesday Edition Today we have a question from Luke. Hi Louis, I listen to you often. Very informative and interesting episodes. My question is regarding super/pensions. I lived and worked in the U.K. for about 10 years - and...

The Lucky Country isn’t what most think – A look back in history on how we are destroying our own luck

Welcome to Finance and Fury, the Furious Friday edition A reminder of how lucky we are and why we are called the lucky country. Also, what we have to lose if we neglect to remember this Some perspective: You don’t know what you have until you have lost it Taking...

Pin It on Pinterest

Share This