Phillip Tilley
I was told there would be no math
March 20, 2010 |
30 comments
Image Credit: sxc.hu
I would not say people, Americans in particular, are stupid, the Government has already said that. A recent study by the U.S. Department of Labor revealed that 58% of American adults surveyed could not add the cost of two items on a menu and then figure a 10% tip. It was not that it was hard, one item cost $1.95 and the second item cost 60 cents for a total of $2.55. To figure a 10% tip, move the decimal point one position to the left to get 25 cents. Total cost, 2.55 plus 25 cents equals $2.80. But 58% of Americans could not figure that in their heads.
My good friend Professor Rocco is always incensed at how girls, blond ones in particular, think it is cute to be dumb. “Oh, I can’t do math,” they giggle. They have not figured out that one plus one equals three unless you use a condom!
At my ten year class reunion we were amazed that the guy least likely to succeed was a millionaire. We had thought him a dolt and wondered how he did it. He explained he sold one product that everybody needs. He bought it for one dollar and sold it for three dollars. He said, “It is amazing how much money you can make from a 3% mark-up.” We all had a good laugh because it is really a 300% mark-up. But at least he understood a basic tenant of business, buy low and sell high.
Part of your financial problems stem from how your brain perceives money and credit differently. Most people do not like to spend their money. A chemical reaction occurs in the brain and it feels a loss. This phenomenon is known as coupling. When you spend $20 from your wallet, it feels different than when you spend $120 from your wallet. When you are aware of how much you are spending you spend less.
On the other hand when you use credit, your brain does not see it as a loss and the chemical reaction is more like when you just got something for free. The purchase has been “uncoupled” from the payment. Spending different amounts feel the same when you are using a credit card. Buy now, pay later. Credit card issuers know this and they count on it. The lady at the checkout counter asked me if I swiped my card and I said, “No, the bank gave it to me.”
Then there was the guy that when he died it was in his will not to pay the mortuary. His hope was that by stiffing the mortuary they would re-posses his body. The dead beat had dug himself a hole he could not get into. Most of you are already buried under a mountain of debt.
The Federal Reserve knew you do not like to part with your money, that is why they designed Federal Reserve Notes to look just like real money. That way when the real money was phased out in 1964 you would not notice and the bate-and-switch was complete. Now you and your brain think the Federal Reserve Notes in your wallet is real cash. This is one of the mechanisms of the money matrix.
Which is a better deal, 50% off or two for the price of one? It is really the same, but with two for the price of one the store sells twice as many. Or buy one get one free? Again it is really 50% off, but the brain perceives 50% as paying something but free is perceived as free! The discount store claims the more you spend the more you save. Really the more you spend the more you spend. Only pay shipping and handling for a free sail boat. It cost $700 for a truck to deliver the free boat which the owner of the trucking company “gave away” to keep his truckers working.
Free parking, free checking, free minutes, free your mind. Forrest Gump said, “Stewpid iz az stewpid duz?” Wake up people, the money matrix has you.
Phillip Tilley is author of The Money Matrix of the New World Order and other articles.[!gad]I would not say people, Americans in particular, are stupid, the Government has already said that. A recent study by the U.S. Department of Labor revealed that 58% of American adults surveyed could not add the cost of two items on a menu and then figure a 10% tip. It was not that it was hard, one item cost $1.95 and the second item cost 60 cents for a total of $2.55. To figure a 10% tip, move the decimal point one position to the left to get 25 cents. Total cost, 2.55 plus 25 cents equals $2.80. But 58% of Americans could not figure that in their heads.
My good friend Professor Rocco is always incensed at how girls, blond ones in particular, think it is cute to be dumb. “Oh, I can’t do math,” they giggle. They have not figured out that one plus one equals three unless you use a condom!
At my ten year class reunion we were amazed that the guy least likely to succeed was a millionaire. We had thought him a dolt and wondered how he did it. He explained he sold one product that everybody needs. He bought it for one dollar and sold it for three dollars. He said, “It is amazing how much money you can make from a 3% mark-up.” We all had a good laugh because it is really a 300% mark-up. But at least he understood a basic tenant of business, buy low and sell high.
Part of your financial problems stem from how your brain perceives money and credit differently. Most people do not like to spend their money. A chemical reaction occurs in the brain and it feels a loss. This phenomenon is known as coupling. When you spend $20 from your wallet, it feels different than when you spend $120 from your wallet. When you are aware of how much you are spending you spend less.
On the other hand when you use credit, your brain does not see it as a loss and the chemical reaction is more like when you just got something for free. The purchase has been “uncoupled” from the payment. Spending different amounts feel the same when you are using a credit card. Buy now, pay later. Credit card issuers know this and they count on it. The lady at the checkout counter asked me if I swiped my card and I said, “No, the bank gave it to me.”
Then there was the guy that when he died it was in his will not to pay the mortuary. His hope was that by stiffing the mortuary they would re-posses his body. The dead beat had dug himself a hole he could not get into. Most of you are already buried under a mountain of debt.
The Federal Reserve knew you do not like to part with your money, that is why they designed Federal Reserve Notes to look just like real money. That way when the real money was phased out in 1964 you would not notice and the bate-and-switch was complete. Now you and your brain think the Federal Reserve Notes in your wallet is real cash. This is one of the mechanisms of the money matrix.
Which is a better deal, 50% off or two for the price of one? It is really the same, but with two for the price of one the store sells twice as many. Or buy one get one free? Again it is really 50% off, but the brain perceives 50% as paying something but free is perceived as free! The discount store claims the more you spend the more you save. Really the more you spend the more you spend. Only pay shipping and handling for a free sail boat. It cost $700 for a truck to deliver the free boat which the owner of the trucking company “gave away” to keep his truckers working.
Free parking, free checking, free minutes, free your mind. Forrest Gump said, “Stewpid iz az stewpid duz?” Wake up people, the money matrix has you.
Phillip Tilley is author of The Money Matrix of the New World Order and other articles.
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