The Arsenio Buck Show
Personal Development & English Language Learning
Rich Dad Poor Dad | S5 – E15 | Many Financial Problems are Caused by Keeping Up with The Joneses
No, this isn’t the Gary Vee rant. This is what Robert Kiyosaki wrote in his book decades ago.
That is why my educated dad said the Japanese valued the power of the mirror the most, for it is only when we look into it that we find truth. Fear is the main reason that people say, “Play it safe.” That goes for anything, be it sports, relationships, careers, or money. It is that same fear, the fear of ostracism, that causes people to conform to, and not question, commonly accepted opinions or popular trends: “Your home is an asset.” “Get a bill-consolidation loan, and get out of debt.” “Work harder.” “It’s a promotion.” “Someday I’ll be a vice president.” “Save money.” “When I get a raise, I’ll buy us a bigger house.” “Mutual funds are safe.”
Rich Dad Poor Dad
Rich Dad says “home is a liability.”
Poor Dad says “home is an asset.”
I remember when I drew the following diagram for my dad showing him the direction of cash flow. I also showed him the ancillary expenses that went along with owning the home. A bigger home meant bigger expenses, and the cash flow kept going out through the expense column.
Home as an asset can only be an asset if it’s real-estate. If it’s not real estate, you’re not getting rental income from it; therefore, you’re living in the house.
Also, with a mortgage comes monthly expenses such as property tax, maintenance and utilities.
Rich Dad Poor Dad
- When it comes to houses, most people work all their lives paying for a home they never own. In other words, most people buy a new house every few years, each time incurring a new 30-year loan to pay off the previous one.
- Even though people receive a tax deduction for interest on mortgage payments, they pay for all their other expenses with after-tax dollars, even after they pay off their mortgage.
- My wife’s parents were shocked when the property taxes on their home increased to $1,000 a month. This was after they had retired, so the increase put a strain on their retirement budget, and they felt forced to move.
- Houses do not always go up in value. I have friends who owe a million dollars for a home that today would sell for far less.
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The greatest losses of all are those from missed opportunities.
If all your money is tied up in your house, you may be forced
to work harder because your money continues blowing
out of the expense column, instead of adding to the asset column—the classic middle-class cash-flow pattern. If a young couple would put more money into their asset column early on, their later years would be easier. Their assets would have grown and would be available to help cover expenses. All too often, a house only serves as a vehicle for incurring a home-equity loan to pay for mounting expenses.
Rich Dad Poor Dad | S5 – E14 | How the Quest for a Financial Dream Turns into a Financial Nightmare
Recently married, the happy, highly educated young couple moves into one of their cramped rented apartments. Immediately, they realize that they are saving money because two can live as cheaply as one.
The problem is the apartment is cramped. They decide to save money to buy their dream home so they can have kids. They now have two incomes, and they begin to focus on their careers. Their incomes begin to increase.
Rich Dad Poor Dad
So because their income goes up, their expenses must go up, too.
Going back to the young couple, as a result of their incomes increasing, they decide to buy the house of their dreams. Once in their house, they have a new tax, called property tax. Then they buy a new car, new furniture, and new appliances to match their new house. All of a sudden, they wake up and their liabilities column is full of mortgage and credit-card debt. Their liabilities go up.
Rich Dad Poor Dad
So then not only do you have income and expenses going up, but now the liabilities go up. It’s the common story of Thai people. They buy a car thinking it’s an asset, but in fact it’s a liability on top of their expenses.
They’re now trapped in the Rat Race. Pretty soon a baby comes along and they work harder. The process repeats itself: Higher incomes cause higher taxes, also called “bracket creep.” A credit card comes in the mail. They use it and max it out. A loan company calls and says their greatest “asset,” their home, has appreciated in value. Because their credit is so good, the company offers a bill- consolidation loan and tells them the intelligent thing to do is clear off the high-interest consumer debt by paying off their credit card. And besides, interest on their home is a tax deduction. They go for it, and pay off those high-interest credit cards. They breathe a sigh of relief. Their credit cards are paid off. They’ve now folded their consumer debt into their home mortgage. Their payments go down because they extend their debt over 30 years. It is the smart thing to do. Their neighbor calls to invite them to go shopping. The Memorial Day sale is on. They promise themselves they’ll just window shop, but they take a credit card, just in case.
Rich Dad Poor Dad
Ask yourself, “does this make sense?
The mirror symbolizes the power of self-knowledge. This self- knowledge, according to Japanese legend, was the most treasured of the three. In the Japanese culture.
If they used the power of the mirror, they would have asked themselves, “Does this make sense?” All too often, instead of trusting their inner wisdom, that genius inside, most people follow the crowd. They do things because everybody else does them. They conform, rather than question. Often, they mindlessly repeat what they have been told: “Diversify.” “Your home is an asset.” “Your home is your biggest investment.” “You get a tax break for going into greater debt.” “Get a safe job.” “Don’t make mistakes.” “Don’t take risks.”
Podcast
TOEFL iBT Writing Correction Services
Very excited to be making this blog for those of you who want TOEFL iBT correction services (essays). Since joining a Facebook group, I’ve sent over 30 emails of free material and gave each individual the option to book my calendar so they can have a free one hour coaching session with me. In addition to that, I’ve offered them two free writing task corrections. So, what are the services?
Trial
In the trial phase, you get 2 tasks (one free) and pay an $8 dollar fee. The task will be graded and sent to you within 72 hours. This is also what you get: proofreading, grammatical mistakes corrected, structural mistakes corrected, estimated score, suggestions for the future, send any type of file (and you get this is the other two phases, too.
Patience
This is the best value. 8 tasks ($4 per task) and a turnaround of 72 hours.
Emergent
This is a 4 task, $40 dollar quick turnaround (24 hours instead of 72 hours) but priced at $8 dollars per task.
So, if any of you are interested, contact me on any of the links down below!
Pronunciation Course Phase 1: https://www.udemy.com/course/arsenios-american-esl-pronunciation-phase-1/?referralCode=8C3941AAFB58102377C4
Book A Call With Me: https://calendly.com/arseniobuck/45min
Patreon: https://www.patreon.com/arseniosesllearning
Podcast on Spotify: https://open.spotify.com/show/7hdzplWx6xB8mhwDJYiP6f
Podcast on ListenNote: https://www.listennotes.com/c/778cf3cfd2564ba5b01f693bfebc96de/arsenio-s-esl-podcast/
Podcast on CastBox: https://castbox.fm/channel/Arsenio’s-ESL-Podcast-id1251433?country=us
Facebook: https://www.facebook.com/Arseniobuck/?ref=bookmarks
Youtube: https://www.youtube.com/channel/UCIzp4EdbJVMhhSnq_0u4ntA
Website: https://thearseniobuckshow.com/
Q & A: ArsenioBuck@icloud.com
LinkedIn: https://www.linkedin.com/in/arsenio-buck-9692a6119/
Instagram: https://www.instagram.com/thearseniobuckshow/?hl=en
Buzz sprout: https://www.buzzsprout.com/165390
Arsenio’s ESL Podcast | Season 5 Episode 59 | Developing Writing | A Process
Today, you are going to learn about transitive and intransitive verbs, and writing definitions. You will then use these to write a description of how hydroelectricity is produced.
INSERT PICTURE
Geothermal energy is a clean form of renewable energy that used heat stored within the Earth’s crust to generate electricity. There are three different types of geothermal power plant: dry steam, flash steam, and binary cycle. The diagram above shows a flash steam power plant — the most predominant form of geothermal power plant in operation. Flash steam power plants pump hot water from underground reservoirs back to the surface under intense pressure. The water is fed into large low-pressure tanks, generating steam which is used to rotate a turbine. A turbine is an engine or machine that uses a pressure of liquid or gas on a wheel to move.
The movement of this turbine is then converted into a source of electricity via a generator. The electricity is then directed via transmission lines to homes and businesses around the country. Any remaining water is pumped to a cooling station and then injected back into the reservoir to be heated again. This reuse of water makes geothermal energy a sustainable form of energy.
Skillful 4
The breakdown of this writing model is in the podcast down below.
Podcast
Rich Dad Poor Dad | S5 – E13 | Understanding | Get Rich Quick? TERRIBLE Decision
The reason I started with the story of the richest men in America
Rich Dad Poor Dad
is to illustrate the flaw in believing that money will solve all problems. That is why I cringe whenever I hear people ask me how to get rich quicker, or where they should start. I often hear, “I’m in debt, so I need to make more money.”
But more money will often not solve the problem. In fact, it may compound the problem. Money often makes obvious our tragic human
Cash flow tells the story of how a person handles money.
flaws, putting a spotlight on what we don’t know. That is why, all too often, a person who comes into a sudden windfall of cash—let’s say an inheritance, a pay raise, or lottery winnings—soon returns to the same financial mess, if not worse, than the mess they were in before. Money only accentuates the cash-flow pattern running in your head. If your pattern is to spend everything you get, most likely an increase in cash will just result in an increase in spending. Thus, the saying, “A fool and his money is one big party.”
Today, doctors face financial challenges I wouldn’t wish on my worst enemy: insurance companies taking control of the business, managed health care, government intervention, and malpractice suits. Today, kids want to be famous athletes, movie stars, rock stars, beauty queens, or CEOs because that is where the fame, money, and prestige are. That is the reason it is so hard to motivate kids in school today.
They know that professional success is no longer solely linked to academic success, as it once was.
Because students leave school without financial skills, millions
of educated people pursue their profession successfully, but later find themselves struggling financially. They work harder but don’t get ahead. What is missing from their education is not how to make money, but how to manage money. It’s called financial aptitude—what you do with the money once you make it, how to keep people from taking it from you, how to keep it longer, and how to make that money work hard for you. Most people don’t understand why they struggle financially because they don’t understand cash flow. A person can be highly educated, professionally successful, and financially illiterate. These people often work harder than they need to because they learned how to work hard, but not how to have their money work hard for them.
Podcast
UDEMY Pronunciation Course (Phase 1) Now Available!
Speaker 1: (00:00)
Guys. Welcome back to another episode Arsenio’s ESL podcast. Today is one of those special very special days, guys, man, I’d been working on this for a long time, but man, it’s been a long time coming. I finally overcame procrastination within literally five days time and I created the first of five phases of my pronunciation course. Oh my God. For you guys who have been listening to me for a long time, folks out there in Belo Horizontae in Brazil. Uh, katsu got, Oh, I can’t even say the word, but let’s just say in Japan, out there in Mexico. All right, I’m talking about, uh, Teotihuacan. No, I don’t think anyone lives there, but I’m talking about all over the world, all of you. You guys know who you are, man.
I’ve been wanting to do this for a long time. And so here it is. You know the pronunciation podcasts I’ve been doing for a long time, I decided to create a course on udemy.com which you’ll see the link in the description. And this first of five phases. [inaudible] one hour of video content, about four to five downloadable resources, lots of assignments that you need to submit to me. Goals and assessments to why you want to learn pronunciation syllables. Going over the basics, the chapter one and the continuum before getting into the course, chapters two and three guys, we’re going through this in a systematic approach. Now in one hour we’re going to figure out what your goals are for this pronunciation course, what your speech profile is, where you are now, and where do you want to be your levels. Are you understood? Do you have problems, you know, speaking to individuals or do you, uh, conversations end up falling apart because the way you annunciate specific words, see all of this needs to be dealt with.
Speaker 1: (02:01)
You have the ability now by downloading the Udemy app, you will be able to of course purchase my course. And because you have 24 hours, you get 50% off. And guys, this is a beauty because that means this course is only $10 American dollars. That’s all it is. And so you guys are probably wondering like god damn, one hour of content per $10 yes cause you got, well remember, remember it’s only the first 24 hours. So if you’re listening to this right now, you need to hit that link. You need to get this course and you need to get going. If you want to see results, if you want that result and chin to start to start up and so you know, crank it up into get there like a motorcycle or like a Mustang, it’s that time, it’s time to make yourself accountable.
Speaker 1: (02:58)
It’s for you to begin the new year. Let’s just put it that way. An American pronunciation course, this is the beginning and I’m so grateful for all of you who have been following me for all of you who have been coming up. I mean there are 150 160 cities over the last 10 episodes. That’s a, that’s probably about a 15% increase as well as a about a 17% increase in new countries. Thank you. But if you guys want to improve your pronunciation in general, this isn’t just for the ILS test speakers and that’s hopeful test speakers. It’s just you being understood in general. Do you want us to learn how to slow down your speech and get proper presentations using thought groups and other different things? This is it. And so this is phase one. Remember, go over the content, look at what’s being offered, look at my description, but when the link, see if it’s for you in choir messaged me, email me. Say, Hey, I’m interested. What are the, what is this all about? And then I could give you the full rundown of the five courses that will precinct or not greasy first pussy. Who knows? That will come shortly after. So would that be and said, guys, I’m so grateful. If you guys have any questions, please get in contact with me and stay tuned for the next one. Which should mean launching within two weeks. I’m your host as always –over and out.
Course
Pronunciation Course Phase 1: https://www.udemy.com/course/arsenios-american-esl-pronunciation-phase-1/?referralCode=8C3941AAFB58102377C4
Podcast
Arsenio’s ESL Podcast | Season 5 Episode 58 | Critical Thinking | Identifying Bias
Bias is an attitude that someone has that makes them treat someone in a way that is unfair or different. it is also when someone prefers a thing or idea in a way that is unfair. People can show their bias in a number of ways, such as selecting arguments from only one side, showing preference for one side despite strong evidence on the other, or allowing other influences on their life to affect their judgement. This will often be shown via language that makes an argument sound more or less important than it is.
Look at the responses down below. How is each writer showing bias?
- Earthquakes, water contamination, global warming, and damaging ecosystems show that the damage caused by fracking clearly outweighs any possible benefits.
- Our research shows that there are very few dangers associated with fracking.
- Clearly, fracking is only being pushed aggressively forward due to the vast profits dubious corporate associations can get from exploiting the fragile environment.
Fracking meaning: a technique used to extract oil and natural gas from sedimentary rock formations called shale.
Podcast
Rich Dad Poor Dad | S5 – E12 | Assets vs. Liabilities | What’s Your Cash-flow Pattern?
Are you a poor, middle, or rich cash-flow possessing individual?
Well, let me try to break this down in blog form. If you want the amazing podcast, make sure you scroll down to the bottom for it.
Cash-flow of a poor person
Your job gives you your salary, which then goes to your expenses: taxes, food, transportation, clothes, etc. That’s all you have. You have zero assets, and fortunately, you have zero liabilities.
Cash-flow of a middle-class person
Your job gives you your salary, but instead of going to expenses, it goes down to your balance sheet in the category titled “liabilities.” This has your mortgage, car loans, credit card loan debt, school loans, etc. After you pay for your liabilities, then the remaining money goes back to your expenses: taxes, etc.
Cash-flow of The Rich
You do not have a job or salary. Better yet, your money starts in your balance sheet in the assets category which has real estate, stocks, bonds, notes, intellectual property. Those assets never get paid with liabilities. In fact, it goes back up to your income statement, which is the rental income, dividends, interest, and royalties. The only monthly expenses you have are taxes and a possible mortgage payment.
Which one are you?
Podcast
Arsenio’s Pronunciation Course on UDEMY Debut!
Omg! The first of five phases are finally here to get your pronunciation up to par! After so many pronunciation podcasts, I’ve finally created a course (in five phases) for all of you who want to improve your pronunciation and communicate directly with me! I’m so excited about this because I know the majority of my pronunciation podcasts have had the most plays (in addition to my IELTS, TOEIC, AND TOEFL iBT/iTP, which are also getting created in course form).
So, after so many years of doing podcasting, here’s my first course (for ESL learners or people who would like to improve their overall pronunciation). Let’s go over some of the content.
Pronunciation Profile
- I will determine your pronunciation priorities — the features that will most improve your overall enunciation. (I will do this by you submitting and recording for your needs assessment, as well as figuring out what level you’re at).
- Explore some of the main reasons why you want to improve your pronunciation: everyday speaking, presentations, travel, business-oriented, etc.
- Set personal goals for the course and beyond.
Into Chapter 1
I will preview the following things before going into phase 2:
- Syllables and syllable stress.
- Vowel sounds in stressed syllables.
- The schwa sound in unstressed syllables.
- Vowel and consonant symbols on online dictionaries and understanding phonetics.
For each video comes an assignment and homework. I suggest you download zoom so I can assess you and go over your assignments, too. I’m going to make this as interactive as possible, and you’re more than welcome to email me at anytime.
This will be reposted when the course makes it official debut with the link and other things.
70,000 plays for my ESL Podcast. THANK YOU!
Wow! Not to be negative, but Buzzsprout did screw me over on this. Not only did they give me false hope when I got 2,000 plays in a day, but then they took away the plays and completely stalled the consistent climb to stardom. Pretty disappointed in that.
But other than that, this is another wonderful and monumental moment. I’ve gotten a lot of attention over the last year and a half, and after a passing of the torch (past my personal development podcast play count in less than half the time) I’m now making a steady climb to the 100k club. WOW! 100k plays or downloads!
How grateful would I be! However, today is just about being grateful for the now, the present, and who I’ve influenced around the world.
Big News! Pronunciation Course Debuting This Week!
Don’t worry, I’ll be sharing a blog and link to that. I’m absolutely ecstatic about having created my first ever course that will be ready within a couple days. This is Phase 1/5, with the other 4 phases coming out over the course. If you’re interested, just contact me in the links down below.
Ebook Following Suit
After doing my my course, I want to quickly shift focus back to my TOEIC grammar ebook and make it available to the public. Both of those will be available here on my website, too.
Book A Call With Me: https://calendly.com/arseniobuck/45min
Patreon: https://www.patreon.com/arseniosesllearning
Podcast on Spotify: https://open.spotify.com/show/7hdzplWx6xB8mhwDJYiP6f
Podcast on ListenNote: https://www.listennotes.com/c/778cf3cfd2564ba5b01f693bfebc96de/arsenio-s-esl-podcast/
Podcast on CastBox: https://castbox.fm/channel/Arsenio’s-ESL-Podcast-id1251433?country=us
Facebook: https://www.facebook.com/Arseniobuck/?ref=bookmarks
Youtube: https://www.youtube.com/channel/UCIzp4EdbJVMhhSnq_0u4ntA
Website: https://thearseniobuckshow.com/
Q & A: ArsenioBuck@icloud.com
LinkedIn: https://www.linkedin.com/in/arsenio-buck-9692a6119/
Instagram: https://www.instagram.com/thearseniobuckshow/?hl=en
Buzz sprout: https://www.buzzsprout.com/165390
