Blog Entries tagged 'personal responsibility'

Healing Economic Wounds

causeofliberty — Wed, 24 Sep 2008 02:00:00 +0100

How To Influence the External Economy With Internal DecisionsEvery expert in America agrees that our economy is under serious strain. We even hear speculation that the U.S. is headed for another Great Depression. The government bailout of Fannie Mae and Freddie Mac will cost taxpayers $5.3 trillion. The proposed $700 billion bailout of other notable financial firms is a Band-aid approach to a gaping-wound quandary.

So what is the long-term solution? Does the current crisis represent t [...]

Independence or "In Dependence?"

cmiles — Mon, 18 Aug 2008 02:00:00 +0100

By Chris Miles

This is an essay I recently wrote about independence which I feel pertains to our discussion of overcoming myths and becoming financially free.

Could independence be no more than freedom from oppression and domination? Conversely, is independence merely unobstructed freedom to do anything we desire with no fear of intentional or unintentional consequences? Absolutely not! The more freedom we expect, the more responsibility we inescapably accept.

Toda [...]

Book Review Response #2: The Main Purpose & Primary Focus of Killing Sacred Cows

causeofliberty — Sat, 09 Aug 2008 02:00:00 +0100

| Book Review | Response #1 |

In a recent review in the St. Petersburg Times, personal finance editor Helen Huntley writes, "[Killing Sacred Cows] makes some good points. I agree that you need to take responsibility for your own financial success and you should invest in yourself and your money-making potential. However, the main purpose of the book seems to be to convince you to cash out your 401(k) -- he doesn't mind that you have to pay income tax and possibly a 10% penal [...]

A Great Review of Killing Sacred Cows...And An Opportunity To Respond

causeofliberty — Thu, 07 Aug 2008 02:00:00 +0100

Helen Huntley, the personal finance editor for the St. Petersburg Times in Florida, recently gave a great review of Killing Sacred Cows that gives us an excellent opportunity to clarify the message of the book.

While she admits only reading parts of the book—and the review must therefore be understood in that context—she does make some good points that we’d like to respond to in the next series of blog posts.

The following is her review of the parts of the book [...]

A Lesson in Being A Producer From Booker T. Washington

causeofliberty — Tue, 22 Jul 2008 01:00:00 +0100

“I know of no more encouraging fact than the unquestionable ability of man to elevate his life by conscious endeavor.” -Henry David Thoreau

In our last post we defined consumers and producers and made clear that the one choice to become a producer is the single most important factor in determining your prosperity.

Booker T. Washington was an extraordinary producer from whom we can learn many valuable lessons. He was born a slave in Virginia, was freed after t [...]

Pg. 48 - 401K Part 1

garrettgunderson — Tue, 01 Jul 2008 02:00:00 +0100

How can you make productive thinking habitual?

causeofliberty — Wed, 21 May 2008 02:00:00 +0100

The mind is incredibly powerful, yet it must be consistently trained and guided if you want to truly tap its limitless capacity. An excellent way to facilitate this mental discipline is to consistently ask yourself the right questions.

Your brain is designed to answer every question you give it. The types of [...]