Posted by: Debt Relief : Category: 
by leeleblanc
What kind of financial advice is that anyway? Actually, it’s the simple and “to-the-point” kind, and it happens to be true, at least in my humble opinion. I’ll explain…
There are some things which everyone already knows: like how the Chinese have a habit of saving and Americans have a habit of spending. But not everyone knows that the Chinese are now spending as well. Some are just waking up to this fact or they may have heard that the Chinese people want the same living standard as Americans do.
This is usually as far as it goes as most Americans believe this doesn’t affect them. It affects us in that we Americans buy mostly from the Chinese and that’s where our savings goes, and also, in that we can learn a great deal from their financial habits as opposed to ours.
Lets take savings for instance. China has a deeply ingrained attitude that saving is prudent, which it is. They have done this for long periods of time, for generations, so it is second nature to them. By contrast, Americans have forsaken savings when it was no longer prudent to save. The motivation to save was taken away by the financial engineering of government interests. You could get rich if you flipped houses on credit.
When it comes to spending, we Americans have that down pact. The trouble is, spending was done on credit. In other words, when there was no money to spend, they spent anyway. Any future savings is now spent on paying it back. What did we buy? Vacations, cars, second houses, more debt, things we wanted. By contrast again, the Chinese are now spending vast amounts of what they have saved and they are spending it on the right things. What did they buy? Businesses, mostly in the sectors of manufacturing, finance, natural resources, base and precious metals, all things they need.
So the lesson, and very sound financial advice, is this: Spend only after you have saved, not what you don’t have. Spend your savings on the “right” things, such as businesses and things of value. This is what the Chinese are doing and they do it well. You would be wise to imitate them.
- VladTV.com – Find Out How He’s Survived Without An Album In Nearly 5 Years.
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December 5th, 2009 at 3:51 am
are you serious!! how he survived without a album in 5 years?? Living with 50 Cent has helped him survive. Big Joke
December 5th, 2009 at 4:25 am
yayo’s financial advive: stick your nose as far up a decent rappers ass as you can. thats all he’s done coz he cant rap 4 shit
December 5th, 2009 at 4:44 am
mane dam right he aint got shit to complain bout , if he broke he can juss sell 2 of his cars and a couple chain and he good fo another 2 years
December 5th, 2009 at 5:29 am
fuck tony yayo wackk as bitch cant rap for shit
December 5th, 2009 at 5:54 am
Yayo and Banks have more money than most people your listening to in mainstream. i would say names but fans would get but hurt over it so lets leave it at that.
December 5th, 2009 at 6:07 am
this uh real cat..u can tell
December 5th, 2009 at 6:51 am
big ups to YAYO for being real and giving credit where credit is due. i respect that. check my channel out for some up and coming pittsburgh rap. HOLLA
December 5th, 2009 at 7:46 am
i dnt fucN like Yayo but he was talkin sum real shit…50 take care of most his crew!!!
December 5th, 2009 at 8:01 am
dont hate be yayo probally got more bread then most of these rapper nigga that got a album out real talk just look at his chain he is wearing niggaz advices on his neck niggaz album sales word to motha lmfao lmfao he gets 50 gz a fuckin show who the hell gets that 12 shows crazy bread 50 told camrom that shit when he had beef when they said i thinik jim jones or juelz was gettin more bread then banks hell fuckin no now look juelz is on banks dick lmfao beamer benz or bentley lmfaodont hate ggg
December 5th, 2009 at 8:23 am
Did he get hit in the mouth with a pistol? It seems like something is wrong with it.
December 5th, 2009 at 9:17 am
@lilmama05pimp GUNIT=gee u niccas is tellin
fucc gay unit cuzz
December 5th, 2009 at 9:40 am
what does he make money from – what the fuck does he do. Nobody will visit his site, nobody will buy his clothes cause WHO the fuck is Yayo. Stop tryna be like 50. 50 gives this nigga an allowance – & the nigga stay w/ 50
December 5th, 2009 at 10:15 am
He was speaking real talk
December 5th, 2009 at 11:02 am
yayo doesnt suck but needs better beats, i mean like DJ Shadow – “Building steam with a grain of Salt” kind of better beats. i know what that area is about and leaves with deep tales if you can live through them….All major label rappers STAND UP
December 5th, 2009 at 11:07 am
yeah but how can you take financial advice from this nigga . i could see 50 but this clown ust hold 50s dick all day . thats all he good for . i guess if you want to learn how to be a good yes man aka dick sucker . learn it best from this guy
December 5th, 2009 at 11:10 am
i know even though this cat music is boo boo he still seems like a nigga that would stay loyal to you . you know kiss your ass tell people how great you are . Guy like him breaks his back for you
December 5th, 2009 at 11:33 am
nigga lying jimmy wont put yur album out cos yous a failure. at least fiff pay u for dick riding
December 5th, 2009 at 11:48 am
Yo gadget freaks I got more talent as a rapper and lyricist then this lyrically lame cracker…
December 5th, 2009 at 12:10 pm
Do you know what Tony Yoyo is suffering from? Hot lyrics, this cracker is lyrical whackness.. I’m 53 years old and got way more talent then this amn who is in desperation of Obama training..
December 5th, 2009 at 12:41 pm
That’s wassup making moves in the business world and still making bread. Other rappers need to take note.
December 5th, 2009 at 1:28 pm
thats whats up right there,
you got a lotta cats making hit
records and broke in 6 months.
You don’t even hafta be that
big to make money in this
game if you know how to
control ya paper, thats the truth
December 5th, 2009 at 1:34 pm
i dont fuck with they music but on a BUSINESS level they making moves
December 5th, 2009 at 2:05 pm
yayo real
December 5th, 2009 at 2:30 pm
its rockstar groupie, a groupie is a woman who fucks celebs, its cus hes doin a porno style site, and purple heart is a medal soldiers get for fighting in lots of wars, and hes callin his clothing line that.
December 5th, 2009 at 3:03 pm
TONY YAYO IS AWeSOMe …. THATS WHY IM OVER SEAS DOING ME.