Getting Jealous of Fake Millionaires Who CAN'T Back Up Their Claims?

Not everyone can be rich but at most, you don't retire broke. I really found this hilarious video on Youtube. It made me laugh harder than viewing a comedy movie. There are so many animations used and it's becoming ridiculous. I wrote about financial gurus who have claims that are too good to be true. In the world of investment, if the claim's too good to be true then you ought to reject it outright. It's like how cryptocurrency billionaires may just be paid to promote a scam after all. They might just be out there in some vicious networking scheme where scammers join in to scam others.

This reminds me of childhood stupidity. I guess it's very easy to fall for unbelievable stories as a child. I remembered how a classmate of mine (who now has a good career) once stupidly said, "So and so is richer because he has more nice stuff." Thankfully, his thinking patterns changed. Such wasn't the case with another person (with the name first name) who bragged he was rich because he had a lot of nice stuff. I remembered feeling poor because my parents didn't give me everything the cooler kids had. I felt outclassed and kept falling into fits of rage.

In the social media age, it's very easy to make up a story, right? I usually keep my Instagram private. I still like to use Instagram. Sadly, some people want to make it look like their lives are so much better than they are. It's very easy to set up a fake identity these days. It's very easy to say, "Oh I got so rich! Take a look at the photos!" Some pictures are easily edited. Photo edits can be easy to spot. What can't be so easy to spot is when a person starts becoming that irritating and very arrogant fake influencer.

I guess they never outgrew the bragging stage as a child. It's very easy to brag you live in a palace as a child. It's very easy to make up toys that never exist. I can rant on and on about how, we, as children lied over and over, just for fun. Sadly, some adults do the same thing and then hypocritically punish their children for lying to them. These days, you can get a lot of fake millionaires. It already almost reminds me of that Cebuano sitcom called Milyonaryong Mini or Fake Millionnaire.

I'll give an example of a stupid stunt I could do. I remembered I had a classmate who bragged he had PHP one million last Christmas and that his uncle was a co-owner of Duty-Free. However, it was far from the truth. Today, I could really start lying that I own Museo Sugbo which I don't own. I could go there, take pictures, have myself pictured, and say that it was all funded by me. Maybe, people who hardly know me can say, "Oh look! He's so rich!" I could then take a picture of somebody's Mercedes and say it's mine. I could then take a picture of somebody's building and say it's mine. It's very easy to pull that stunt to look believable, right?

I could remember lectures from some people on how someone's wealth isn't determined by their lifestyle but by how much money they saved and earned. I could have a lot of expensive stuff and be buried in debt. There's even the saying don't buy an expensive bag with no money in it. Buy a cheap bag and have a lot of money in it. Some people may have luxurious lifestyles but they're practically buried in debt. Someone I know who lived a luxurious lifestyle got abandoned by potential partners. Some people who are poor remain poor because they just want to impress others.

What can happen is that the fake millionaire can get exposed sooner or later. The fake millionaire got fired from the job for claiming they owned their workplace. People who invested in this fake millionaire are soon bound to want their money back. People who claim to have gotten rich so fast may have very little money in reality. They may start hosting seminars but the only money they got was through scamming others. They can even get defensive or make up fanciful stories if I demand for evidence of their so-called wealth.

Then I realized that real life must be silent. I should keep quiet about how much money I really have. Right now, I'm not exactly comfortably retired. I wish schools taught us how to invest. It's a good thing though that I'm invested and still investing. I should be quiet regardless of how much money I have. I have no intention to retire comfortably but I have no intention to be broke either.

Venezuela as a Cautionary Tale on #SahodItaasPresyoIbaba, Nationalistic Pride, Welfare State Economics

The Sunday Guardian Years ago, I wrote about Venezuela's pride and protectionism , under a more "formal" style of writing compared to my latest posts. I decided to use an even "less formal" and "less academic" tone since I'm not writing a term paper. Instead, it's like how a professor and a student discuss the thesis using first person over third person, using contractions, etc., while the thesis doesn't use such tones. Back on track, I thought about the arrest of Venezuelan President Maduro can spark debate. Was it a violation of sovereignty? I'm no expert on international law. However, Venezuelans can be seen celebrating Maduro's arrest. Right now, I'm using Gemini AI and Google search to help me find some sources for this blog. It's because I don't want my blog to become another gossip central, but a place to discuss facts with my own personal opinions (making sure they don't derail the facts). I used Venezuela ...

Venezuela's Pride and Protectionism

The Telegraph Venezuela is an oil-rich country yet it's a very poor country. Somebody could go ahead and give every unthinkable reason such as "foreign investments caused it" (a blatant lie) and "It's because America had economic sanctions in Venezuela". Yet, the answer can be found in several causes such as corruption. Yet, China and Vietnam, which can be seen to still have a good amount of corruption, are far more successful. The answer also lies in one policy--economic protectionism . The very idea that a country that first world countries used "protectionism" to succeed is a lie as proven by Venezuela's ongoing crisis. A common-sense examination of one root cause of Venezuela's continuing crisis Forbes magazine mentions this in "What Do Investors Need To Understand About Venezuela's Economic Crisis?" by Nathaniel Parish Flannery on December 21, 2016: Venezuela is far and away the worst-managed economy in the Americas . Ad...

Davide vs. Mahathir: Which Lolo Should Filipinos Take Economic Advice From?

The real issue isn't that something is old or new. Instead, if something old or new still works, or doesn't work! Many modern laws are built on some ancient principles, while adjusting to the current times! The Constitution of Japan is actually older than the 1987 Constitution of the Philippines. However, it's more effective for the reasons that (1) their constitution is silent when it comes to regulating economic activities (ex., protectionist measures), and (2) it's a parliamentary system. Honestly, it's a pretty straightforward constitution compared to ours! As Mahatir Mohamad turned 100 today, I would like to raise up Atty. Hilario G. Davide Jr. once again. The problem isn't Davide's age but his unwillingness to embrace change when needed (read here ). This time, it's time to bring up a contrast between wise old people and unwise old people. A young person can be right where the old person is wrong. A young person can be wiser because he or she lea...

Filipino Manufacturing's Golden Age ENDED Because of the Filipino First Policy

Here's a picture from the Dose of Disbelief Page on Facebook. Here's something that it wrote: Filipinos once trusted locally made products more than imports. Before World War II, the label "Made in the Philippines" carried prestige, not stigma, reflecting a strong sense of national confidence in domestic production. Local products such as shoes, cigars, textiles, furniture, and food were often preferred over imports. This preference was rooted in the belief that local goods were better adapted to local conditions, tastes, and were often of comparable, if not superior, quality. This period showcases a strong historical era of consumer nationalism and thriving local industries. We need to look into the context of Filipino history If we look at the Philippine history timeline , we must account for 1935-1940, during which the Philippines was under the Commonwealth government. Independence was declared from Spain on June 12, 1898. However, there was a transition period w...

Confusing Foreign Direct Investment for Foreign Imperialism for the Bajillionth Time

I guess those fools of the Philippine Anti-Fascist League (and many of its deluded supporters) either refuse to get it or are blatantly lying. Almost every rally held by what many believe are CPP-NPA legal fronts also confuses foreign investors for foreign invasion or even foreign imperialism . Once again, do I need to say that 100% FDI ownership is all about the shares and not land ownership ? What makes it even more hypocritical is that they are actually recording these things on imported media . They're sharing their anti-FDI rants using imported devices, imported platforms, and imported social media (read here ). When I do ask them on Facebook, they say how can they take them seriously and that they're "simply forced to participate in capitalism". Did anybody (especially those they call "evil capitalists") force them to buy the expensive Apple equipment when they could've settled for Xiaomi or Huawei? A simple research on the dictionary will tell us...

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