Orrin Woodward Leadership

Inc Magazine Top 20 Leader Orrin Woodward shares his leadership secrets.

  • Orrin Woodward

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    Guinness World Record Holder for largest book signing ever, Orrin Woodward is a NY Times bestselling author of And Justice For All along with RESOLVED & coauthor of LeaderShift and Launching a Leadership Revolution. His books have sold over one million copies in the leadership and liberty fields. RESOLVED: 13 Resolutions For LIFE made the Top 100 All-Time Best Leadership Books and the 13 Resolutions are the framework for the top selling Mental Fitness Challenge personal development program.

    Orrin made the Top 20 Inc. Magazine Leadership list & has co-founded two multi-million dollar leadership companies. Currently, he serves as the Chairman of the Board of the LIFE Leadership. He has a B.S. degree from GMI-EMI (now Kettering University) in manufacturing systems engineering. He holds four U.S. patents, and won an exclusive National Technical Benchmarking Award.

    This blog is an Alltop selection and ranked in HR's Top 100 Blogs for Management & Leadership.

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Financial bondage is a form of slavery.

The Financial Matrix and Personal Finances

Posted by Orrin Woodward on January 20, 2015

High-paying longterm jobs are exiting North America at an alarming rate. Nonetheless, citizens of America and Canada seem unable (in some cases unwilling) to cut expenses. The latest numbers on American indebtedness (Canadian numbers are similarly dismal), both consumer debt and home mortgages, is staggering.

The latest GoBankingRates report found the average American is more than $225,000 in debt with little savings. The website identified (using the earnings, savings, and various loans) the “average American’s” (calling her ‘Mary Smith’) financial status.

GoBankingRates editor Jennifer Calonia stated that, “Mary is 37, the current median age of an American. She’s a non-Hispanic White, the largest demographic in the country, and she works in retail sales, the most common occupation in the United States”

Unfortunately, Mary’s pay and debt load is a train wreck in progress. Calonia noted, “Until we witness a much more dramatic return to permanent, long-term employment in the private sector, Mary Smith’s dire scenario, which leaves her drowning in debt and without adequate savings, will continue to play out, especially as more companies rely on temporary, low-wage work.”

According to the latest USA data, the real (inflation adjusted) median household income was $51,939 in 2013. However, one must remember that household income is the combined incomes from everyone working in the house. Basically, this means the average personal income is somewhere around $30k. Further, the total income has trended downward since 2007, falling 8% from the pre-recession peak of $56,436 and remains well below the 1999 record of $56,895.

In other words, household income, over the last 16 years, has actually gone down! Imagine working for 16 years straight only to receive less money than one did originally. To compound this pain, inflation has caused most other prices to skyrocket, leaving Americans bewildered and frustrated. This simply cannot continue indefinitely. Compare the average income of Americans with the average debt loads and a forthcoming financial disaster becomes apparent. 

Here is a summary of the average debt numbers.

  • Average credit card debt among indebted households: $15,263
  • Average credit card interest rate: 14.95% APR
  • Average mortgage debt: $147,591
  • Average outstanding student loan balance: $31,646
  • Average auto loan debt: $30,738
  • Only 59 percent of Americans have at least $500 in a savings account saved
Financial Fitness Pack

Financial Fitness Pack

LIFE Leadership has the Financial Fitness Program to help people across the world learn how to play defense and offense in order to break free from the increasingly oppressive  Financial Matrix. Few understand the difference between expenses and investments and, unfortunately, most people maximize expenses while minimizing investments. LIFE Leadership, in contrast, teaches how to build wealth for the longterm by slashing expenses and investing in your #1 asset – yourself. If you are looking for an escape path from the Financial Matrix, LIFE Leadership has is the fasttrack. I feel like Morpheus explaining to people trapped in the matrix the plan to set them free:

Morpheus: When the (Financial) Matrix was first built, there was a man born inside who (he purchased a Financial Fitness Pack :) ) had the ability to change whatever he wanted, to remake the (Financial) Matrix as he saw fit. It was he who freed the first of us, taught us the truth : ‘As long as the (Financial) Matrix exists, the human race will never be free.’ After he died, the Oracle prophesied his return, and that his coming would hail the destruction of the (Financial) Matrix, end the war, bring freedom to our people. That is why there are those of us who have spent our entire lives searching the (Financial) Matrix, looking for him. I did what I did because…I believe that search is over. – (LIFE Leadership is here.)

Isn’t it time you learned the Defense, Offense, and Playing Field of finances so you too can break free from the Financial Matrix?

Sincerely,

Orrin Woodward

Posted in Finances, LIFE Leadership | 19 Comments »

Life Leadership Reviews Financial Fitness Pack

Posted by Orrin Woodward on January 12, 2015

LIFE Leadership Reviews

The Financial Fitness Pack (FFP) is LIFE Leadership’s #1 selling product. There are several reasons for this.

First, it is a product that meets the citizens of the world where they are at. Financial debt is debilitating many people and without a plan to stop the bleeding, it will only get worse. In fact, the latest figures reveal that consumer debt (debt outside home mortgages) in America has reached the astounding figure of 3.2 trillion dollars according to Business Week. That’s $10,666 of debt for every man woman and child in the USA!

Second, people are waking up to the fact that the Financial Matrix is real. Debt is draining the productivity of all workers from ditch-diggers to doctors because modern society’s money supply is fueled by debt. Indeed, over 70% of the USA money supply is created by housing market mortgages. In other words, if every mortgage was paid off, 70% of the money supply would disappear, literally wiped out when house is owned outright. In the 1950’s the equity in houses in the USA was around 80%, now it’s less than 30%. This means that 50% of the value of all houses in the USA has been siphoned off in the last 60 years!

The Financial Matrix, in a word, is performing exactly as planned. The more people go into debt, the more money is created. Thus, the State and Big Bankers, using Keynesian logic, have wrongly concluded that debt is not only great for bank profits, but also the economy since it stimulates money production. Unfortunately, this economic canard (that more dollars leads to increased wealth) has a long life and only dies with society dies through the predictable boom/bust cycle. The State and Big Banks profit at society’s (the people’s) expense. 

Thankfully, however, reader is waking up to this reality. For just like Neo in the movie The Matrix, he is searching for the answers to why so many people are so far in debt:

Morpheus : I imagine that right now you’re feeling a bit like Alice… Tumbling down the rabbit hole? Hmm?

Neo : You….could say that.

Morpheus : I can see it in your eyes. You have the look of a man who accepts what he sees, because he is expecting to wake up. Ironically, this is not far from the truth…. Do you believe in fate, Neo?

Neo : No.

Morpheus : Why?

Neo : Because I don’t like the idea that I’m not in control of my own life.

Morpheus : I know… exactly what you mean. Let me tell you why you’re here. You’re here because you know something. What you know, you can’t explain. But you feel it. You’ve felt it your entire life. That there’s something wrong with the world. You don’t know what it is, but it’s there…like a splinter in you’re mind, driving you mad. It is this feeling that has brought you to me. Do you know what I’m talking about?

Neo : The Matrix?

Morpheus : Do you want to know…. what it is….? (Neo nods yes) The Matrix is everywhere. It’s all around us, even in this very room. You can see it when you look out your window or when you turn on your television. You can feel it when you go to work, when you go to work, when you pay your taxes. The Matrix is the world that has been pulled over your eyes, to blind you from the truth.

Neo : What truth?

Morpheus : That you are a slave, Neo. Like everyone else, you were born into bondage, born into a prison that you cannot smell or taste or touch. A prison…for your mind….Unfortunately, no one can be… told what the Matrix is… you have to see it for yourself.

Morpheus opens a container which holds two pills : a blue one, and a red one. He puts one in each hand, and holds them out to Neo.

Morpheus : This is your last chance. After this, there is no turning back…..You take the blue pill, the story ends. You wake up and believe…whatever you want to believe. You take the red pill…..you stay in wonderland…and I show you just how deep the rabbit hole goes.

Neo pauses for an instant, then reaches for the red pill. He swallows it down with a glass of water, and looks at Morpheus.

Morpheus : Remember…all I’m offering you is the truth : nothing more.

The Financial Fitness Pack

Life Leadership‘s Financial Fitness Pack (FFP) is the only product that covers the Defense, Offense, and Playing Field (explains the Financial Matrix) of finances. If the reader is sick and tired of throwing away thousands of dollars every month just to service existing debt, then perhaps its time to pick up the FFP and cut the ties of debt bondage. Laurie and I paid off our last mortgage payment in late 2003 and have lived free from the Financial Matrix (100% debt free) since that time.

What is the Financial Matrix?

I can answer no better than Morpheus answered (with just a few words added) it in the movie The Matrix:

The (Financial) Matrix is a system, Neo. That system is our enemy. But when you’re inside, you look around. What do you see? Business people, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system, and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inert, so hopelessly dependent on the (debt) system, that they will fight to protect it.

Do not fight to protect the Financial Matrix, but rather fight to free yourself from it by learning the Defense, Offense, and Playing Field of financial management. What do you have to lose besides your debt? :)

Sincerely,

Orrin Woodward

Posted in Finances, Freedom/Liberty, LIFE Leadership | 38 Comments »

Warren Buffet: Advice to Students

Posted by Orrin Woodward on January 7, 2015

Warren Buffet

Warren Buffet

Warren Buffet is one of the wealthiest people in the world. He created his wealth through wise investment. Recently, I read an interview Warren Buffet did with CNBC. Not surprisingly, his advice is spot on for helping people get out of the Financial Matrix:

CNBC: “What is the one thing that young people should be doing about money?”
Buffett: “I tell them two things, generally. One is stay away from credit cards… The second thing I tell them is to invest in themselves.”

In a nutshell, his advice breaks out into two categories. 1) Live Debt-Free and 2) Invest in Yourself. This is exactly what LIFE Leadership teaches. First, learn the Defense of finances to get out of debt and then invest the savings to go on Offense in the number one asset you have, namely, yourself. YOU, in other words, are the greatest return on investment plan possible.

Unfortunately, although this is consistently followed by those who accumulate wealth and honors, most people do not follow Warren Buffet’s time-proven advice. This, in fact, is why the Founders of LIFE created the Financial Fitness Program – to help people hold themselves accountable to learn the defense, offense, and playing field (Financial Matrix) of finances. Indeed, associating with like-minded LIFE Leadership community members is vital to help a person wipe out debt (Defense) and use the increased cash flow to invest in further personal development (Offense). Great financial results, in sum, can only be accomplished by mastering both the Defense and Offense. 

In another interview, Business Insider asked Warren Buffet about the student loan bubble and he answered:

The best education you can get is investing in yourself. But this doesn’t always mean college or university. I have two degrees but I don’t have them on my wall, in fact I don’t even know where they are. I used to be afraid of public speaking, and I realized that I have to do that someday. I do have one diploma I display from Dale Carnegie’s Public Speaking Course and it only cost me $100.

Hmmm. It seems to me that Warren Buffet values a good return on investment and the two factors in the equation are the cost and quality of the education. In both categories, LIFE Leadership is at the front of the pack. High quality and low cost leads is what has made our Financial Fitness Program (under 100 dollars) the best selling product in our portfolio of leadership materials.

The Financial Matrix is real and a person can only set themselves free by learning the defense, offense, and playing field of finances.  Perhaps 2015 is the time to take Warren Buffet’s advice to set yourself free. :)

Sincerely,

Orrin Woodward

Posted in Finances, Freedom/Liberty, LIFE Leadership | 30 Comments »

Breaking Free of the Financial Matrix

Posted by Orrin Woodward on December 26, 2014

“Whoever does not wish to render history incomprehensible by departmentalizing it – political, economic, social – would perhaps take the view that it is in essence a battle of dominant wills, fighting in every way they can for the material which is common to everything they construct: the human labor force.” – Bertrand De Jouvenel

“In essence, land, labor, capital and entrepreneurship encompass all of the inputs needed to produce a good or service. Land represents all natural resources, such as timber and gold, used in the production of a good. Labor is all of the work that laborers and workers perform at all levels of an organization, except for the entrepreneur. The entrepreneur is the individual who takes an idea and attempts to make an economic profit from it by combining all other factors of production. The entrepreneur also takes on all of the risks and rewards of the business. The capital is all of the tools and machinery used to produce a good or service.” – Investopedia

And Justice For All

And Justice For All

These two quotes led to one of my biggest breakthroughs in understanding the current financial system. This led me to write in my Guinness World Record setting book And Justice For All (AJFA) on how the elites control the factors of production to control society’s wealth. Indeed, by reading the two quotes above and referring back to my chapter in AJFA on the factors of production and the Five Laws of Decline (FLD), one can clearly see how the elites have controlled the masses throughout history. Here is a segment I wrote on the factors of production in AJFA:

Although De Jouvenel didn’t use the terms FLD and SDS, but he certainly described the effects of both wonderfully. For if the FLD truly drives the elites to control the masses’ production, they must do so by exploiting the three inputs of all production (labor, land, and capital) as outlined by the “classical economists” like Smith, Ricardo, and Mill. One can confirm the validity of the FLD by realizing that the elites, in order to exploit the masses’ production, must exploit labor, land, or capital since these are the only three inputs for all production. As explained below, a person would be hard-pressed to find another example where theory matches reality any closer than the FLD theory matches the actions of the world’s exploiters.

The FLD exploitation by elites over the masses’ production originated with the elites controlling the masses’ labor (physical slavery) to control production. Indeed, for thousands of years, this was the preferred method of control. Over time, however, this method fell out of favor as Christianity permeated Roman society. As it became increasingly intolerable for Christians to enslave fellow Christians (regrettably, enslaving non-Christians was still tolerable), the exploiters switched to the second factor of production – land. Instead of physical slavery, the masses now endured land serfdom, as the elites owned and controlled the land. The elites’ direct ownership of the land gave them indirect ownership of the people. Fortunately for the people, however, as the free market system blossomed, they were no longer beholden to the land-owning aristocracy for survival, and were increasingly able to prosper through private enterprise and businesses of their own.

It is not hard to guess what the elites did next, given that there was only one input of production (capital) left to control. As predicted, when feudalism had run its course and private enterprise began to spread, the battle between State and society for the control of capital commenced. Although society at first successfully created a gold standard (which checked the State’s ability to control the monetary system), the elite statists eventually regained the upper hand. The State (always hungry for funds to increase its power) finally wrestled money away from the FLD-restraining gold standard and became capital’s sole creator, owner, and controller. They did this through the artifices of the central banking system’s centralized planning of the money supply. The elites, by directly controlling the monetary system, thereby indirectly control the masses’ production since nearly everyone uses capital (the third input of all production) in today’s money economies. The exploitation of capital by the elites confirms in practice what a study of the FLD and its interaction with the three factors of production predicted in theory.

The elites, throughout history have meddled with the factors of production to ensure control and plunder over the masses. In the modern world, slavery and serfdom are, for the most part, illegal; however, financial subjugation is alive and well. Today, the elites control the entrepreneur by controlling the capital he needs to perform his task. This, naturally, leads to indirect control of the masses who work for these “owned” entrepreneurs. More directly, however, today’s financial subjugation of the masses is accomplished by the elites enticing them into debt. Through offering them consumer goods on longterm credit plans, the masses sell themselves into bondage for the latest houses, cars, and technological gadgets.

In essence, a person is imprisoned within the Financial Matrix if, when he goes to bed at night, he wakes up the next morning owing more money than he did the night previous. Thankfully, it is possible to escape the Financial Matrix. In fact, one of my goals for 2015 is to improve LIFE Leadership‘s messaging on the Financial Fitness program to help people get free from the Financial Matrix enslaving them into the bondage of debt and stress.

I am not suggesting fighting the powers-that-be; instead, I am suggesting a grassroots movement of millions of people who take responsibility to clean up their own financial messes. Through this example of modeling and messaging, our politicians will learn the proper principles and we can create real change! Indeed, doesn’t it seem foolish to demand from our politicians behaviors we are unwilling to live in our own lives. This reminds me of a saying one of my early mentors told me, “Clean up your own bedroom before you attempt to clean up the world.”

Perhaps the best description of the modern monetary malady was written by financial reformer Michael Rowbotham in his impressive book The Grip of Death:

For example, every country in the world suffers from a massive and constantly increasing national debt. Britain has a national debt that is fast approaching £400 billion. Canada’s debt has reached $560 billion and Germany’s now exceeds 500 billion deutschmarks. So are these poor countries? No more so than Japan with a debt equivalent to two trillion dollars or America with a national debt now in excess of five trillion dollars. Since the poorer nations are crippled by their indebtedness to international lending institutions and foreign banks, the overall picture is of a world suffering acute and ever worsening insolvency.

But this is really quite illogical and absurd… The question almost asks itself. If all the nations of the world are in debt, who are they in debt to? Rationally, where there is a debtor, there should be someone else who is a creditor. If every nation is in debt, who, precisely, owes whom? In addition to the logical absurdity of all nations being simultaneously insolvent, such escalating national debts are a complete contradiction of the real and obvious wealth of these nations. This is underlined by the fact that the nations which run the largest national debts are those with the most advanced economies. What can we say to the developing nations struggling under the burden of their debt, nations who have copied our economic institutions and aspire to a life free from poverty? ‘Work hard, and one day your debt will be as small as America’s – a mere five trillion dollars!’

These are not the only contradictory financial statements to go virtually unchallenged by the majority of economists. In addition to mounting national debts, the level of private debt shouldered by people and businesses is also escalating. The total of loans, mortgages, overdrafts and credit card purchases is massive and in Britain stands at some £780 billion, £500 billion of which is borne by ordinary people. The Americans, supposedly the richest citizens ever to walk the face of the planet, are the most heavily indebted people of the world, carrying mortgage debts that currently total $4.2 trillion. They are said to go shopping with their credit cards bolstered. As with national debts, such escalating domestic debt is a complete contradiction of the wealth present in those nations.

2015 is the year to escape the Financial Matrix through learning the defense, offense, and playing field of finances. I plan on doing my part. Will you?

Sincerely,

Orrin Woodward

Posted in Finances | 19 Comments »

Financial Fitness for Teens

Posted by Orrin Woodward on October 28, 2014

Thanks to popular demand, the top-selling Financial Fitness program has been spawned a version for teenagers. This information is everything that adults wished they had learned in high school. With the release of Financial Fitness for Teens, any hungry student will will learn it. I am so thankful for Chris Brady’s leadership and vision at the LIFE Leadership company and look forward to the feedback on this new release.

Sincerely,

Orrin Woodward

Posted in Finances, LIFE Leadership | 8 Comments »

Financial Fitness Pack is Breaking Sales Records

Posted by Orrin Woodward on September 18, 2014

The Financial Fitness Pack (FFP) is LIFE Leadership‘s #1 selling product. Why? Because practically everyone you talk to can benefit from applying the step-by-step principles taught in the FFP program. Understanding the Offense, Defense, and the Playing Field for financial success is essential to free a person from financial bondage.

To share the value of the FFP program to improve lives, CEO Chris Brady and his LIFE Leadership staff produced an amazing video that interviews leaders who have applied the principles. Where else can your customer purchase a life-changing financial program that pays for itself (it’s only $99 for crying out loud) from what most people save on interest debt alone! To truly be free, one must be free economically, politically, and spiritually. The FFP points a person onto the path to financial freedom.

In fact, many of LIFE Leadership‘s customers have converted to members after realizing they are saving enough from the FFP information (defense) to start funding their own business (offense). This is why I love LIFE Leadership so much. While most alleged “leaders” in society  are bantering back and forth pointing out who is to blame, the LIFE leaders are progressively changing their own lives so they can inspire others to change.

LIFE will model and message the proper principles in each area of life to help people solve life challenges rather than be frozen in fear because of them. This is why I am so proud to be in business with the LIFE Leadership community.

To purchase a Financial Fitness Pack and begin the journey to financial freedom click here.

Sincerely,

Orrin Woodward

Posted in Finances, Freedom/Liberty, LIFE Leadership | 16 Comments »

Western Civilization’s Debt Trap

Posted by Orrin Woodward on July 11, 2014

Western Civilization is in the midst of a life and death struggle with its monetary system. The financial elites have bound society with the most oppressive monetary system ever created, where over 90% of the money supply exists through debt. This is a recipe for disaster as people, companies, and governments at all levels are chronically insolvent.

Money Supply Explodes Without Gold Standard

Money Supply Explodes Without Gold Standard

While reform of the total monetary system is essential, individuals should not wait for global reform to begin household reform. Indeed, the best thing for each person to do is launch a financial revolution where he lives below his means and wipes out ALL of his debt. This includes student loans, car loans, and even mortgages. In the process of wiping out out personal debt, one also reduces the money supply created by that debt.

It’s really a simple, but not easy choice. Does society want products and services so badly that it will sell itself into debt-slavery in order to obtain them? Or, on the other hand, can society learn to apply the three keys to wealth to its finances by taking a longer term perspective, delaying its gratifications for trinkets, and start leveraging the effects of compounding to its benefit.

Sadly, our society does the opposite today by viewing everything in the short-term, desiring instant gratification, and having compound interest work against them. LIFE Leadership has committed to play its part in helping people, companies, and governments get out of debt by applying the proper principles of financial management. Indeed, it all starts with the individual. When a person decides to end his debt-enslavement, he becomes the model for others to follow. The Financial Fitness Pack has already helped thousands of people terminate their debt and it can help others do the same. Are you sick and tired of running out of money before running out of month?

The financial debt matrix is real and continues to grow. Ignorance only imperils one’s financial health. British monetary reformer Michael Rowbotham explained the effects of the debilitating debt system upon Western Civilization when he wrote:

The reason for all this monetary scarcity and insolvency is that the financial system used by all national economies worldwide is actually founded upon debt. To be direct and precise, modern money is created in parallel with debt. The reason for the failure of economists to question patently invalid monetary data becomes clear – there is a total acceptance by them of the most extraordinary method for supplying money to the modern economy.

The creation and supply of money is now left almost entirely to banks and other lending institutions. Most people imagine that if they borrow from a bank, they are borrowing other people’s money. In fact, when banks and building societies make any loan, they create new money. Money loaned by a bank is not a loan of pre-existent money; money loaned by a bank is additional money created. The stream of money generated by people, businesses and governments constantly borrowing from banks and other lending institutions is relied upon to supply the economy as a whole. Thus the supply of money depends upon people going into debt, and the level of debt within an economy is no more than a measure of the amount of money that has been created…

If a monetary system is invalid or flawed, then the entire economy is based on the mathematics of error, and must be riddled with the effects. If the financial system upon which our economies are built is defective, and yet monetary considerations dominate our economic decisions, should we be surprised if the results are less than satisfactory?

The major role played by bank credit, which forms over 95% of the money stock in most developed nations, suggests that it cannot but be implicated in these trends. This is further suggested by the way that banking has literally become the focal point of modern economic management, through manipulating interest rates. The stargazers of Whitehall and the Federal Reserve hold their councils, trying to tread the non-existent tightrope between growth and recession by debating quarter percentage-points of interest rates. Alan Greenspan, the Chairman of the Federal Reserve, engagingly describes his task in controlling the American economy through adjusting interest rates as a matter of ‘taking the champagne away once the party has started’. Businessmen around the world hold their breath, measuring his every word, wondering what he will decide. There could be no greater indictment of contemporary financial economics than this; that a fluctuating financial digit on a single computer system in a single street in a single country should have the ability to dominate the economies of an entire planet…

The past thirty years are almost unique by comparison with the previous three centuries in the lack of attention that has been directed at debt and the financial system. Throughout the eighteenth century, there were repeated calls for reform. During the nineteenth century, excessive banking was held by many to be directly responsible for the waves of appalling poverty that swept Europe and America during a period of increasing industrialisation and agricultural development. In this century, during the depression of the 1930s, the financial system effectively seized up and brought virtual collapse to the economies of the world in an age which was, perhaps for the first time, obviously wealthy, and in which technology offered people real freedom as well as material prosperity. One observer judged that over 2,000 schemes for monetary reform were put forward at that time – all with a common theme in their outright rejection of the debt-based financial system as it then operated. The same system continues to this day, modified in small details, but unchanged in principle; and the recent financial crisis in Asia shows the potential for collapse still exists.

However the issue of economic volatility through booms, slumps, crises, and collapses has never been the sole point of criticism. It is the long-term trends that a debt-based financial system fosters which are most destructive. The most obvious of these is declining personal solvency. Mortgages support over 60% (£420 billion) of the money stock in the UK and over 70% ($4.2 trillion) in the US. Housing-debt statistics for the UK and the US show that there has been a dramatic decline in true home ownership as mortgages become higher and ever more widespread. There can be little question that relying upon housing debt to supply money to an economy lacks economic and political justification. However, taken in conjunction with the marked rise in commercial debt, mortgages have a knock-on effect. In an economy where the price of goods is elevated by commercial debt and consumer incomes are deeply eroded by mortgage debt, there is a persistent and subtle advantage given to low-quality, mass-produced goods, and growth is fostered in this direction. The persistent decline in product durability and the growth-culture of a rapacious consumer society can be directly traced to the debt-based financial system…

The more one explores the broad impact of debt, the more apparent it becomes that bank-credit constitutes a dysfunctional form of money. An economy based almost entirely upon bank-credit and debt experiences an intense drive for growth, regardless of need or demand. Bank credit engenders financial dependence, injects instability and fosters growth-distortions, both within an economy and throughout the international arena.

Reform of the debt-based financial system is clearly not a minor issue. It is not a matter of fiddling around with taxes, incomes and allowances to make things apparently more equal, more efficient, or perhaps more straightforward. Changing the debt-based financial system involves gradually altering the very foundations upon which national and international economics is based. Monetary reform is concerned with attempting to determine a new principle for the supply of money to an economy – the purpose being to create a supportive financial environment in which more constructive economic trends are allowed to emerge, and in which more benign systems of overall economic management become possible. 

Sincerely,

Orrin Woodward

Posted in Finances, LIFE Leadership | 17 Comments »

Robinson Crusoe: The Entrepreneur

Posted by Orrin Woodward on April 16, 2014

Financial Fitness Pack

Financial Fitness Pack

This is part 2 of Hernando de Soto’s enlightening example of the savings process role in a non-State-interventionist’s free market economy.  LIFE Leadership has taught, since its inception, the three keys to wealth (1. Long term Vision; 2. Delayed Gratification; 3. Utilize the Power of Compounding). Unfortunately, the State does not follow these concepts and, since 1913, it has rarely attempted to apply these principles. Instead, it chooses inflation, taxation, and debt accumulation, seeking short-term bandaid fixes while the underlying issues become a greater risk to society’s future.

Needless to say, the current lack of long term vision, delayed gratification, and positive power of compounding must be changed. I believe the only way to change the political process is to change the thinking of the populace. Instead of demanding the State take care of everything, what if we put the State on a fixed budget and demanded they balance it? Imagine someone in Washington having to balance the budget like practically every household in the world must.

The State must end the temporary stopgaps (printing money and debt growth) which only mortgage our children’s financial futures to satisfy the State’s financial lunacy.

What can we do? We can start by displaying financial literacy in our own home by applying the principles from the LIFE Leadership Financial Fitness Pack. On a weekly basis, I am receiving letters, emails, and LIFE Lines describing how the Financial Fitness Pack has changed their financial future. Indeed, how can we criticize the financial mess in Washington until we model the proper behavior personally?

Let’s lead our homes first and then find leaders who will do the same in every branch of government.

If you have applied the principles from the Financial Fitness Pack and have achieved progress in your personal financial situation then please share a comment below.

Sincerely,

Orrin Woodward

Robinson Crusoe’s production process, like any other, clearly arises from an act of entrepreneurial creativity, the actor’s realization that he stands to benefit, i.e., he can accomplish ends more valuable to him, by employing action processes which require a longer period of time (because they include more stages). Thus action or production processes yield capital goods, which are simply intermediate economic goods in an action process whose aim has not yet been reached. The actor is only willing to sacrifice his immediate consumption (i.e., to save) if he thinks that by doing so he will achieve goals he values more (in this case, the production of ten times more berries than he could gather by hand).

Furthermore Robinson Crusoe must attempt to coordinate as well as possible his present behavior with his foreseeable future behavior. More specifically, he must avoid initiating action processes that are excessively long in relation to his savings: it would be tragic for him to run out of berries (that is, to consume all he has saved) halfway through the process of producing a capital good and without reaching his goal. He must also refrain from saving too much with respect to his future investment needs, since by doing so he would only unnecessarily sacrifice his immediate consumption. Robinson Crusoe’s subjective assessment of his time preference is precisely what enables him to adequately coordinate or adjust his present behavior in relation to his future needs and behavior.

On the one hand, the fact that his time preference is not absolute makes it possible for him to forfeit some of his present consumption over a period of several weeks with the hope of thus being able to produce the stick. On the other hand, the fact that he does have a time preference explains why he only devotes his efforts to creating a capital good he can produce in a limited period of time and which requires sacrificing and saving for a limited number of days.

If Robinson Crusoe had no time preference, nothing would stop him from dedicating all of his efforts to building a hut right away (which, for example, might take him a month minimum), a plan he would not be able to carry out without first having saved a large quantity of berries. Therefore he would either starve to death or the project, out of all proportion to his potential saving, would soon be interrupted and abandoned. At any rate, it is important to understand that the real saved resources (the berries in the basket) are precisely the ones which enable Robinson Crusoe to survive during the time period he spends producing the capital good and during which he ceases to gather berries directly.

Posted in Finances, Freedom/Liberty, Leadership/Personal Development, LIFE Leadership | 9 Comments »

LIFE Leadership Financial Fitness Pack

Posted by Orrin Woodward on June 27, 2013

Financial Fitness Pack

LIFE Leadership is proud to present its new Financial Fitness Pack. Over the years, I have had the opportunity to meet tens of thousands of people and one of the biggest challenges facing North Americans today is the lack of financial intelligence. Increasingly, people are placed into the bondage of compound interest, late bills, and financial stress. Thankfully, there is a way out of the financial morasse through applying the proper principles over time. In other words, applying financial wisdom to one’s life.

The Financial Fitness Pack teaches a proper perspective on money along with the offense and defense of finances. Indeed, a person can make money, but without a proper money mindset, it will not last. Likewise, frugality alone will not create wealth without understanding the offense of finances. In my twenty plus years of LIFE Coaching, I have never seen all the components of financial success collected into one pack like this. In fact, I believe the Financial Fitness book is the best book on finances period!

The fact that LIFE Leadership can offer the financial book, the workbook, and eight audios for under $100 is a testament to the desire of its founders to truly make a difference. For it is practically impossible for a person to leave a legacy when debt is strangling him or her. The Financial Fitness pack offers a path to financial freedom for those with the willingness to learn and the diligence to apply.

Sincerely,

Orrin Woodward

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Posted in Finances, LIFE Leadership | 21 Comments »

John Law: Paper Money & Inflation

Posted by Orrin Woodward on May 24, 2013

John Law has been called a knave, fool, and an evil genius. Probably all are true in some sense, but probably most accurately, he is another person who sought utopia in something for nothing (SFN). Printing money is not the same as producing goods. Somehow, however, the lure of SFN, continues tempting governments to print paper and call it real value by government fiat. Simply stated, this results in a devaluing of all the money in the system, making every productive citizen a loser by the government’s unconscionable actions. Nonetheless, inflationary policies, like printing fiat money along with the newer methods involving digits on the computer screen, continue to bilk billions from hard-working Americans.

Most Americans know little about the underlying principles of inflation, but intuitively, they wonder why they work harder every year and yet seem to get further behind. In an effort to educate North America on the evils of inflation, I will share a portion of an article from Adam Hamilton. This article wonderfully explains one of the best documented cases of inflation on record – John Law and France in the 18th century. To truly create a LeaderShift, we must learn what the State is doing to our money, economy, and freedoms. LIFE Leadership is monthly providing CDs, books, and seminars to educate North Americans on their history, liberties, and the need for leadership.

Sincerely,

Orrin Woodward: LIFE Leadership

There are many fabulous examples of this phenomenon throughout history, including Germany after the First World War.  One of the most entertaining ones surrounds the British rogue John Law in the early 1700s.  John Law was forced to flee England in order to avoid prosecution for some alleged crimes.  He traveled around Europe and eventually settled in France, where his powerful personality, incredible mind, and command presence ultimately brought him to the attention of the King of France.

Law convinced the King and the French monetary authorities that in order to have a perpetual business boom, all they needed to do was print enough fiat currency so that business was assured of having access to the capital it needed.  Law stated that a stable gold-backed currency, which by its very nature stops meddlesome government bureaucrats from living beyond their means, was too archaic and far inferior to his new fiat currency theme.  He assured the French ruling class that because the government would print money when more was needed and buy it back when there was a surplus of money, that there would not be inflation and business would have the optimum amount of capital to thrive.  Unfortunately, the French powers that be bought into Law’s inflationist plan and executed the necessary monetary policy to make it happen.

Initially, Law’s plan seemed to be working brilliantly.  In the 1720s, France experienced an incredible boom as vast amounts of new fiat capital flowed into the existing markets.  Prosperity seemed to be everywhere, and the French stock market was exploding.  Soon, ordinary folks were quitting their jobs to hang out on the street where securities were traded and they became day traders.  Charles Mackay reports in his 1841 magnum opus “Extraordinary Popular Delusions and the Madness of Crowds” that one deformed hunch-backed man made large amounts of money renting out his slumped back as a mobile writing table for the frenzied stock jobbers buying and selling French equities on the street!  The wild stories that came out of this particular mania are endlessly fascinating!

John Law became the most famous and loved man in France, accruing enormous wealth for himself.

He then convinced the French government to join him in forming a company to develop the fabled wealth of the Mississippi River, of which the French controlled the gateway with their colony of New Orleans.  The Mississippi company was floated and everyone in France wanted to own shares of this hot new IPO.  They were convinced that they would be able to retire in a year or two because of the legendary wealth that the Mississippi company would generate.  Like hungry sharks boiling around a wounded whale, the people of France started a bidding war that propelled the Mississippi company stock and other French equities to dazzling heights.

Of course, since France was printing inherently worthless fiat money with both hands, the prices of everything in France were rising dramatically.  Gresham’s Law, the timeless axiom that bad money drives good money out of circulation, came into full effect.  Gold coins were hoarded and smuggled out of France, and paper fiat currency was spent as rapidly as it was received.  Eventually the gold hemorrhage became so bad that the French government, on John Law’s advice, outlawed gold.

In the meantime, like all exponential parabolic manias, the French bubble soon collapsed.  The aftermath of the disastrous inflationary policy of creating money out of nothing was brutal, and the Mississippi Scheme is one of the most widely studied speculative manias and bubbles in all of history.  The country of France and the French people bore the consequences of this monetary inflationary nightmare for decades, and some would argue France has never regained the prominence it had before the greatest inflationist of all time, John Law, took the reigns.

The man whom kings used to wait to consult was widely known as the “eldest son of Satan” in France after the bitter fruit of rampant fiat monetary expansion became apparent.  Provocatively, reading accounts of the Mississippi Mania in France and its sister South Sea Bubble in England, which arose at the same time, is eerie in that the parallels with the US NASDAQ tech bubble of early last year are startling and profound.  The lessons of history are never learned by governments and they continually repeat these same mistakes.

Posted in Finances, Freedom/Liberty | 31 Comments »