This 6-pillar curriculum teaches the basic literacy we need to be personally and financially successful and to do so in a manner in which together we evolve a culture that supports the emergence of an advanced human civilization.
“The global economy is experiencing a structural breakdown in the conversion of financial claims into physical output. I define this failure as the Hard Bifurcation: the separation of the monetary economy from the physical economy. For forty years, the two systems moved together. Money flowed into markets, and goods flowed out. That linkage has broken.… Capital does not leave because confidence fades. It leaves because the protocol that once allowed dollars to become things no longer functions.”
~ Craig Tindale, “The Hard Bifurcation: The Convergence of Financial Liquidity and Physical Insolvency”
Do you and John think a legal case could be prepared that is applied in court, before the irreparable harm of digital control locks in? Seems most legal stuff requires a harmed party and a specific perpetrator. We need the greatest legal case to date!
For clarity, the strategy to convert to a Roth at your retirement age and that being a common practice or decision point of merit is not really a winning strategy. And talk at that juncture in life – well it’s okay but not elegant planning. Roth accounts should be started as early as one can have earned income – paper routes, programming, lifeguarding, tutoring coaching, summer jobs, any job as humble as they come will do…. it doesn’t matter – the magic is the time component with decades for compounding. And someone who’s retiring would be probably better to “invest in next generation people” with matchings. It’s okay to start a Roth late in life and can provide some benefit, but if you’ve waited that long – you’ve really missed the ride. Look here at how the Lord of Roths – Peter Thiel did it – He doesn’t need the Caymen Islands, he’s got a Roth. Roth’s started in 1998 with the annual contributions of $2,000 / year – humble beginnings for many who scraped by to fund continuously each year (albeit Peter used VC money that’s not available to most..). Nevertheless, most everyone who’s disciplined can certainly become a Roth millionaire by starting early (2026 donation either 7.5k or 8.6k) . And starting as soon as you can supports the most important pillar of financial acumen that tax avoidance fuels wealth accretion.
If you are unhappy with taxes, one of the best ways to protest is just give away some of your time or services to people who deserve it for free, or trade them for something that is not money. There is no income tax on that and you are creating value in your community.
Then the part that every economics 101 class (and every economics class thereafter) miss is that you can create value without any trade or transaction. If say you get a scrapped junk car, but then put in the time and work to restore it. Then you own a classic restored car, and if you were intelligent and spent less on parts than the value of the car, then the profit is yours tax free.
Likewise if you grow potatoes in your backyard. You don’t pay sales tax on those potatoes.
In my life I moved back to help my elderly mother – and this has allowed her to stay at home when a sibling of mine wanted her to be in facility (likely these day own by private equity). The saving on this has been so huge, and my mother has been able to keep money in her IRA. Plus the added benefit is that I have been able to stop several elderly scammers. Tons of tax savings. That is the real tax protest.
It is why they want you disconnected, calling people over zoom or only interacting on social media. In that life everything is a taxable transaction. A life of real human connection cannot be taxed.
Could not agree more. By separating us, we can be financialized. We have the power to reverse that.
Thank you for the insightful conversation. I always benefit from these. As an introvert trying to figure out how to meet some of the movers and shakers in town, I’ve always struggled with this. Thank you, Tim, for addressing this and kindly offering solutions. While putting your discussion on pause, I’ve just RSVP’d to a local investment group meeting, and have plans to go to my town’s Rotary meeting next week. You are a dear to point out that I shouldn’t leave without introducing myself to others. Building a network has been one of my weakest points.
I learned a lot working in an investment club. Good for you.
Do you and John think a legal case could be prepared that is applied in court, before the irreparable harm of digital control locks in? Seems most legal stuff requires a harmed party and a specific perpetrator. We need the greatest legal case to date!
For clarity, the strategy to convert to a Roth at your retirement age and that being a common practice or decision point of merit is not really a winning strategy. And talk at that juncture in life – well it’s okay but not elegant planning. Roth accounts should be started as early as one can have earned income – paper routes, programming, lifeguarding, tutoring coaching, summer jobs, any job as humble as they come will do…. it doesn’t matter – the magic is the time component with decades for compounding. And someone who’s retiring would be probably better to “invest in next generation people” with matchings. It’s okay to start a Roth late in life and can provide some benefit, but if you’ve waited that long – you’ve really missed the ride. Look here at how the Lord of Roths – Peter Thiel did it – He doesn’t need the Caymen Islands, he’s got a Roth. Roth’s started in 1998 with the annual contributions of $2,000 / year – humble beginnings for many who scraped by to fund continuously each year (albeit Peter used VC money that’s not available to most..). Nevertheless, most everyone who’s disciplined can certainly become a Roth millionaire by starting early (2026 donation either 7.5k or 8.6k) . And starting as soon as you can supports the most important pillar of financial acumen that tax avoidance fuels wealth accretion.
https://www.propublica.org/article/lord-of-the-roths-how-tech-mogul-peter-thiel-turned-a-retirement-account-for-the-middle-class-into-a-5-billion-dollar-tax-free-piggy-bank
Agreed, the earlier the better.
If you are unhappy with taxes, one of the best ways to protest is just give away some of your time or services to people who deserve it for free, or trade them for something that is not money. There is no income tax on that and you are creating value in your community.
Then the part that every economics 101 class (and every economics class thereafter) miss is that you can create value without any trade or transaction. If say you get a scrapped junk car, but then put in the time and work to restore it. Then you own a classic restored car, and if you were intelligent and spent less on parts than the value of the car, then the profit is yours tax free.
Likewise if you grow potatoes in your backyard. You don’t pay sales tax on those potatoes.
In my life I moved back to help my elderly mother – and this has allowed her to stay at home when a sibling of mine wanted her to be in facility (likely these day own by private equity). The saving on this has been so huge, and my mother has been able to keep money in her IRA. Plus the added benefit is that I have been able to stop several elderly scammers. Tons of tax savings. That is the real tax protest.
It is why they want you disconnected, calling people over zoom or only interacting on social media. In that life everything is a taxable transaction. A life of real human connection cannot be taxed.
Could not agree more. By separating us, we can be financialized. We have the power to reverse that.
Thank you for the insightful conversation. I always benefit from these. As an introvert trying to figure out how to meet some of the movers and shakers in town, I’ve always struggled with this. Thank you, Tim, for addressing this and kindly offering solutions. While putting your discussion on pause, I’ve just RSVP’d to a local investment group meeting, and have plans to go to my town’s Rotary meeting next week. You are a dear to point out that I shouldn’t leave without introducing myself to others. Building a network has been one of my weakest points.
I learned a lot working in an investment club. Good for you.