If one names a daughter "Kiana," will that benefit her more in terms of money or beauty, the main driving forces of a worldly life?
It would be best if she were virtuous, accruing profitable (kusala, wholesome) karma the Buddha called merit to gain the five most desirable things in this world, at least when looked at in the long term.
The Buddha: "O [rich householder], there are five wished for, pleasant, and agreeable things that are rare in the world. What are they? They are long life, beauty, happiness, fame, and [rebirth in] a heaven.
"But of these five things, O householder, I do no teach that they are to be obtained by prayer or by vows [making deals with God or the universe, promising to do something in exchange for a boon]. If one could obtain them by prayer or vows, who would not do it?
"For a noble disciple, O householder, who wishes to have long life, it is unbefitting to pray for longevity or to take delight in doing so. Instead, one should follow a path of [practice in] life that is conducive to longevity. By following such a path, one will obtain long life, be it human or divine.
"For a noble disciple, O householder, who wishes for beauty... happiness... fame... [rebirth in] a heaven, it is unbefitting to pray for them or to take delight in doing so. Instead, one should follow a path of life that is conducive to beauty... happiness... fame... [rebirth in] a heaven.
"By following such a path, one will obtain beauty, happiness, fame, and [rebirth in] a heaven." (AN 5.43)
There’s a huge misconception between good debt and bad debt. 💸 Both sit in the "liability" column on a balance sheet, but there’s a huge difference between the two, which is the critical differentiator between poor people and rich people:
Poor people have bad debt. 😖
Wealthy people take advantage of good debt. 🤑 In fact, right now, debt is my favorite type of income!
Our Million Dollar Family Accelerators have accomplished so much using leverage.💰
But be very careful not to confuse the two types of debt in day-to-day life. 🚨
📉 Bad debt is a liability on something that doesn’t make money — like luxury bags, cars that depreciate in value, cable TV, and all the other things poor people go into debt for to look like what they think a rich people look like.
📈 In contrast, good debt, also known as funding or leverage (gearing), is defined by the money one may owe to acquire an asset, an investment. It’s something that reproduces after itself to make more wealth — like a skillset gained that will keep on giving for years to come.
Here are some debt strategies wealthy people use to generate wealth:
🏠 Leverage in Real Estate: Taking out a mortgage to invest in property can amplify returns.
💼 Investment Loans: Borrowing to invest in appreciating assets like stocks or funds.
📈 Business Expansion: Securing loans to expand or start a business.
💰 Tax Advantages: Borrowing against investments to fund purchases without triggering capital gains taxes can optimize wealth growth.
🎓 Education and Skill Development: Loans for education or skill enhancement that leads to higher income potential.
Remember, leveraging debt for wealth requires caution and an understanding of the risks involved.
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Comment "Toolkit" to grab my risk management toolkit for free to start taking control of your financial future. 🛠️💪 More
SUTRA: Reasons for getting rich
Are we all agreed that these five are good?
The Buddha: "Householder, there are five reasons for getting rich. What are they?
"... A noble disciple with riches through work and zeal, gathered by strength of arm, earned by sweat of brow, justly obtained in a lawful way, makes oneself happy, glad, and keeps that happiness; one makes one's parents happy, glad, and keeps them so -- likewise wife and children and assistants.
"...When riches are gotten in this way, one makes friends and companions happy, glad, and keeps them so.
"...When riches are gotten in this way, bad luck... is warded off, and one keeps one's goods in safety.
"...When riches are gotten in this way, one makes the five oblations [pūjā] to one's kin, guests, spirits, kings, and deities.
"...When riches are gotten this way, the noble disciple institutes offerings of lofty aim, celestial, ripening in happiness, leading heavenward [to the deva planes, akasha loka,sagga], for all those recluses and good people who abstain from pride and indolence, who bear all things in patience and humility, each mastering self, each calming self, each perfecting self.
"Now if the wealth of that noble disciple, heeding these five reasons, comes to destruction, let that disciple consider: 'At least I have heeded those reasons for getting rich, but my wealth has gone!' Therefore, one is not upset.
"And if one's wealth increases, let one think: 'Truly, I have heeded those reasons and my wealth has grown!' Therefore, one will not be upset in either case." (AN 5.41)
Author Kiana Danial
ABOUT: Kiana Danial is a three-time bestselling author, former engineer, helping people take control of their financial futures and accelerate their freedom with Triple Compounding. She is the founder and CEO of Invest Diva.
"Monopoly" is a board game built around capitalism, so is its origin story
He used to have a monocle (Mandela Effect)
"Monopoly" is one of the best-selling board games in history. It's been an iconic part of American life: a cheap pastime during the Great Depression, a reminder of home for soldiers during WW II, an American export during its rise as a global superpower, and a best-seller during the pandemic.
The game's staying power may in part be because of a strong American myth — the idea that anyone, with just a little cash, can rise from rags to riches.
A man named Charles Darrow was unemployed and came up with the game to pass the time.
He took Monopoly to the game company Parker Brothers in 1934 and eventually became a millionaire.
But there's another origin story – a very different one that promotes a very different and negative image of financial exploitation capitalism (with two sets of starkly different rules on how to play it).
That story shows how a critique of capitalism (and private property) grew from a seed of an idea in a rebellious young woman's mind into a game legendary for its celebration of wealth at all costs.
Hold onto assets rather than working for salary
This episode was produced by Emma Peaslee, mastered by Natasha Branch, and edited by Jess Jiang. It was made in collaboration with NPR's Throughline. For more about the origin story of Monopoly, listen to their original episode "Do Not Pass Go."
Nearly half of teen girls who use TikTok feel "ADDICTED": Study
(The Hill) Aug. 11, 2023: WASHINGTON
Jessica Burbank and Amber Athey weigh in on a recent study revealing the impact of social media on teen girls. #socialmedia#teengirls
Is it genius to mandate cars all be EVs without sufficient
electrical power to charge them? Then build nuclear plants?
ABOUT: Rising is a weekday morning show with bipartisan hosts that breaks the mold of morning TV by taking viewers inside the halls of Washington power like never before. The show leans into the day's political cycle with cutting edge analysis from DC insiders who can predict what is going to happen. It also sets the day's political agenda by breaking exclusive news with a team of scoop-driven reporters and demanding answers during interviews with the country's most important political newsmakers. Follow Rising on social media: Website: Hill.TV Facebook: facebook.com/HillTVLive/ Instagram: @HillTVLive Twitter: @HillTVLive
It's economical, good feng shui, lots of light, more barrel than box, what's not to like?
They laughed...until they looked inside
(Akimbo) "Home" is where the heart is or where homme arrives at night to be greeted by some warmth and nourishment, a place to reflect, meditate (cultivate), and rest to be able to greet the world the next day.
Keeping up with the Joneses is really more about appearances than substance. It's a thin house.
.
And by treehouse I meant tree house.
What with the prices of ordinary box houses, apartment flats, commune living space, trailer homes, four-wheel campers, vanity vans, and parking spaces at trailer parks, it's time to get creative.
I'm going to build a house made of semi-truck cubes or hob (clay mud mixed with fibrous material), or made of sandbags or bundles of straw/hay covered in cement, red bricks and mortar, a cave with a giant segment of corrugated pipe...
It may not be much, but it's mobile and quiet.
I'll think of something. Real estate will not ruin me. "Property is theft," TSOL quoted someone as saying. It might have been Marx. So I may have to go into the woods and find a tree hollow, a meditation hut, a good treehouse on bamboo stilts. Imagine the possibilities. What about a passenger plane with no engine, a space built into the well-insulated ground, or something that looks like a pile of potatoes?
Housing ideas for creative types
I just need a place to sit -- then sleep -- then sit some more. A good wilderness hut will do.
The view's great, but the steps! It's like my own personal monastery. I can make lots of noise, but the wind is louder: La Noguera, Catalonia, Spain (bbsferrari/iStock/Getty).
Houses are cheap. It's the price of land that makes it expensive. No real estate, no prob.
Now we're talking! Tiny houses built into a nice neighborhood with lots of trees.
Meditation apartments for private practice in a supportive sangha ("spiritual community").
Exactly one year and a day after the initial Wall Street bailout, Michael Moore (Bowling for Columbine, Sicko, Fahrenheit 9/11) looks at the global financial crisis and the U.S. economy during the transition between the incoming Obama administration and the outgoing Bush administration. In standard Moore fashion, he mockingly draws attention to the Wall Street and government decisions that have enabled what he calls "the biggest robbery in the history of this country" [until the most recent pandemic bailout, which dwarfs it by comparison].
Provider: Lionsgate. Rated R. Running time: 2:07:15. Actors: Thora Birch, Michael Moore. Director: Michael Moore. Producers: Michael Moore, Anne Moore. Writer: Michael Moore. Genre: Documentary.
I'm not in trouble. They'll never get me because I work for billionaires, the Mercers.
Stormy (Stephanie Clifford) Daniels' lawyer has a theory about FBI raid on Trump
Trump's lawyer Michael Cohen is reportedly under investigation for bank fraud. Pornstar Stormy Daniels' lawyer speculates raid could be tied to the loan Cohen took out to buy Stormy Daniels' silence for $130,000. Tim O'Brien and Ari Melber join Lawrence O'Donnell.
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Trump's lawyer Michael Cohen is reportedly under investigation for bank fraud. Pornstar Stormy Daniels' lawyer speculates raid could be tied to the loan Cohen took out to buy Stormy Daniels' silence for $130,000. Tim O'Brien and Ari Melber join Lawrence O'Donnell.
