Topic: True wealth and fake wealth - page 5. (Read 1269 times)

Yes.
Real properties = real estate.
It's just another term or if there is a deeper explanation to it, I don't know but that's easier to understand either of the two, have both meanings.

I was like that before and it's such lovely to see that I've got a lot of money in the bank and also in my wallet. But after realizing that goods are increasing, inflation will never stop. It's best to find a way to hedge against inflation and one of them is through real estate. And you are right that we're not the same and people can do anything they want and use money however they want.

It is already said to be real, so how can it be fake, right? LoL. And we are also talking about properties here. I think that means like a real estate. They are one of the best investment even up to this date. I guess that is because they are stable, less risky, and profitable overtime.

Each of us are different, so we can't please everyone to be like us. Maybe they don't like risking their money for something else and for them, they are more comfortable seeing their money on their wallets from time to time despite knowing the fact that there are inflations. There might still be some who are not educated about it, so our suggestions are still good and might save them.

having land/property is not a question of true/fake wealth

is that land paid in full or still part of a loan/rent/lease is the question of true/fake wealth

think about it..
if someone earning only $40k and only has $20k in savings suddenly gets a mortgage for a $200k home.. they pretend they "own" and have $200k of wealth in property. yet they still have to pay $260k in total(after interest) to actually fully own it outright

they are not $200k wealthy via signing a mortgage and getting the house key. they are actually $260k in debt

..
alot of people get a car on finance. a car they cant afford to buy out-right. but they do it to show off to the neighbours that they can drive a bentley, lambo or bughatti.. reality is they are paying off a debt for years, never actually owning the car because its a hire-lease agreement. again they are not actually wealthy, they have the appearance of wealth to others but in realty they are in debt

This is very contrary to most people mindset, if you look at the future profits of goods, land is clearly better than cars. Buying land is very beneficial in the long term, the price of the land you buy will increase in the future, unlike a car whose value is increasingly depleted unless the car has historical value or is often called an antique car. Having an investment asset in the form of land does not require large maintenance costs, unlike a car which requires maintenance costs, insurance and paying taxes. If you prioritize the function of goods for the future, of course you will buy land rather than a car, unless you are already financially established.

What's the difference between the paper fiat money you have at home and those in the bank? If the currency devalues, both will have the same faith because they are the same thing just kept in different places. I know you are trying to say that banks and governments aren't trusted, but in that case, if something happens, the paper money you have at hand would be useless as well.


So you consider land fake wealth only because you can't move it from one place to another? That's not right, and then you say that a car can be a better asset than a piece of land which shows that you are clearly out of your mind because a car depreciates over time and become worthless soon whereas land or property will appreciate over time even if you decide to move somewhere else, it will still be yours and you can come back and sell it later.


Those who think your way will be broke as well, my friend. 

Yet you trust fiat money.

You sound like someone who doesn't have "fake wealth" and because of that you can only trust fiat money, as that you have seen working so far. Sure, if you ever haven't got any land, property, stocks or bonds you might think they are fake, as you never experienced them like your money.

And sure, you can stockpile all that fiat money, but you have to provide security for it yourself and depending where you live, you might have to prove the origin of it. And where exactly are you storing that usd, gold and silver if you don't have a bank account or any property? In a safe? It's not like that's going to be safer place than a bank if you don't live in some super corrupted country.

This is almost Badecker level crazy. I don't think you understand how stablecoins work, as they are highly centralized and your usdt can definitely be frozen, as it already has been done to some accounts.

And i can't believe i have to say this out loud, but Trump isn't behind a dollar or any stablecoin. USDC is by Circle, hence the C in the name. USDT by Tether, hence the "T". You can literally can read about that and not invent lies.

Nor they are a going to be a new usd because they are just reprenting their value, as usdt for example is BACKED by real usd and other assets.

Lands are a good investment in my country. There has been a high rate of urbanization due to an increase in population. Many people are investing in lands located in rural areas because it brings more than 300% profit in a few years because these villages will soon become cities. My parents have owned some plots of land for over five decades and they still own it to date. If you can secure the necessary approved land documents from the government, the land is yours forever. The government will have to pay some compensation if they want to revoke the certificate of occupancy. My main investments for now are Bitcoin and landed properties because they can last for a long time.

I have to disagree to you about real properties as fake wealth and telling it that it's not a good investment. Well as for fiat for telling wealth, if that's the kind of wealth you have, that wealth will decreased due to the inflation if you keep your money there. I'd rather choose to put that wealth into real estate and have its appreciation happen yearly than to put it on paper/fiat money and have it decreased in value yearly or even monthly due to the inflation that we're experiencing.

You seem like somebody who doesn't have any wealth, "true" or "fake" to be coming out with the claims that you make. Property has long be regarded as one of the most stable forms of wealth and will continue to be in demand for centuries to come. Stocks and bonds are the foundations of countries like America, allowing it to become arguably the most powerful economic force on the planet. Stocks are just small slices of ownership in companies and capitalism has proven the most effective economic model that the world has ever seen. Food in your home is wealth (that presumably springs into existence from nowhere)? That is a pathetically stupid observation and shows again that you have little idea of what value really exists in the world yet like to spout grand ideas.

OP, you will get pretty poor pretty quick with that mindset or... you will stay poor forever and never get rich.

Real wealth is land, real estate, stocks, commodities (crypto too), patents, copyrights...

Cash is crap unless you are going to spend it in the near future.

You have a very twisted understanding of the financial world and I don't see it doing you any good. You should immediately educate yourself by reading some books. BlackRock is one of the biggest asset management companies out there and they hold lots of stocks. Do you think they are doing it wrong? Don't make me laugh.

You gotta love people who are not wealthy making their own definitions of what wealth is 

Now, since I know the difference between fake wealth and true wealth, will you give me fake wealth? I don't mind with fake wealth, you can keep the true wealth.

I will rent my land and property so I will earn passive incomes, then I will convert all money in banks, stocks and bonds to Bitcoin, so I will stay rich. I don't need to think about working anymore, I can be free and do anything I like in my life.

Some how, the heading "true wealth and fake wealth" lack what it take in itself to communicate your idea... Taking it from that point it then means that you are your only true wealth...

Talking about land, u pointed USA and UK particularly and that seems OK because the issue is not and can not be the same worldwide (government laws on land and its implementions is different definitely nationwide )....

Then don't forget, the same government can decide a ban on anything ranging from anything to anything making even crypto or some cryptocurrency fake as you term the topic... (the internet or some internet ventures can be prohibited by the government)

Trying to understand your message, I think any form of emotions as the case may be should be replaced with emotional intelligence, (food in your house will get finished, I wonder how much money that can be stock in the house, critical times like u said might not last forever)
You are correct about the human government but you can't take things to the extreme (it seems unnecessary)

For sure when one can't think for oneself then a bottleneck is already in the corner... This also indicates some how that oneself is the only true wealth....

The land it depends the location and goverment but goverment generally cant be trusted.
Goverment don't represent each person rights but more it benefits rich indviduals and hedge funds.
Sometimes your goverment can be changed by another force so new rules.
The true wealth is something that you go away for 30 years or longer you come back and it's all there.

Your comments are contradictory and untrue. Just like fiat in a bank, you don't have control over stablecoin because it is highly centralized. Don't deceive people into thinking stablecoins are safe because they are issued and controlled by third parties. Bitcoin stored in a non-custodian wallet is an example of a safe asset.

It is very childish to think that the safest assets are those that you can carry from place to place. Land is a safe asset because it is durable and appreciates over time. Maybe your position might make sense during a war or conflict when you can move to a safe place with your asset in your wallet.

Untfortunately when world goes into critical times you can be sure more about true wealth and true wealth assets.
Off course when we have stable times no wars and other bigger issues then we can be sure about fake wealth assets.

The fiat currency in bank it's not yours there is too much risk that someone else can control this and even by mistake something can go wrong.
The goverment protection scheme only works when times are good but If goverments have problems with money then techically they cant protect or guarantee nothing.

The true wealth is something wich you have control over yourself not the third partie trust.
The only proof instead of trust will work.

The fake wealth: land, property,money in bank,stocks,bonds.
The true wealth: food in your home, paper Fiat currency money in your hands the pyhsical gold and Silver and cryptocurrency in your self custody wallet.

Land and property not good because you can not take it with you or move from another place to another in some case the car would be even better asset to have.

World going to period when cards will be reshuffled and new players coming in and new game what was before don't matter who lost or win before it don't matter.

When we talk about fiat currencies then only fiat currencies can be trusted wich has stablecoins in this case usdt and usdc so dollar will be safest.
The stablecoins are new fiat and safer then your Bank because you can have stablecoins in your private self custody wallet.
The USA is way ahead of other nations they have 2 of their Fiat currencies as stablecoins now the usdc and usdt the Europe Im not sure i think they have tether euro and circle euro ....but Im surprised UK got nothing going on there is no pound tether neither pound usdc ....i really don't get it what the hell the UK leaders thinking it look like they want to be behind all the other countries countries and their currencies wich don't have stablecoins like usdt or usdc can't be taken seriously anymore in the financial world USA is now leader number one in this.
So by holding UK GBP in bank it's biggest risk because pound is out from Everywhere the UK people definately need to hold cryptocurrency Because UK pound will be first currency wich will fall hardest when all the western countries having financial issues.
Dollar is safest and new dollar will be usdc and usdt we know that Donald trump is behind this project from the very beginning sooner or later the trump will announce it's all fine usdt and usdc will be the new dollar i don't get it why another countries sleeping while USA is doing real things another world will be way behind of USA again.
So USA Banks might be more trusted then another Banks despite the fact that only true wealth are wealth in your hands or in your private self custody crypto wallet.

You trust your bank because it's regulated by goverment rules but your goverment can only give guarantees when times are good and stable.
So those who hold their money in banks in many countries definately will lose and If they don't have true wealth assets they go broke and homeless and nobody don't care because everybody else will have their own problems same goes for goverment leaders they got their own bills to pay and own problems to deal.
Those who can not think for themselfes and taking the full responsibility of their life they will be broke soon.