“No state shall… emit bills of credit; make anything but gold and silver coin a tender in payment of debts…” And yet they have, it has ruined our currency, and undermines our financial security. This is how the world recovers.
Category: Building Wealth
Ideas, concepts, articles, and discussions that relate to planning to have more than what you need to take care of today’s needs.
The U.S. Dollar
“Something wicked this way comes.” The financial circumstances in several sectors are unlike anything we’ve ever seen; and they’re all poised for catastrophe at the same time.
Net-negative Interest
A concept the Fed doesn’t get: “If your outflow exceeds your income, the upkeep will be your downfall.” -Bill O’Brien
Feature image: by Sammy Xu on Unsplash
Passive Income & Practicing What I Preach
You may have seen that during the 2020 slowdown in business activity I turned to old skill sets and created a t-shirt business. Four, if you’re counting stores, product themes, or work I did for clients running other businesses. Is that a departure from my financial services and education content? Not by any stretch of…… Continue reading Passive Income & Practicing What I Preach
Banish the Darkness
Within minutes of posting the following on Facebook, those who run Facebook, either by employee or by AI-bot, banned the attached image which presented the evidence. I swear all the people in involved with that company belong in jail. Such abusive behavior and fraud; and they have the gaul to sit in judgement of others.…… Continue reading Banish the Darkness
How to Prepare for Financial Crisis
What can be done to brace for a market crash? What did people need that they didn’t have in March of 2020? This is what individuals, households, businesses, and countries need to have but didn’t in the Spring of 2020: When the market lost 33% over the course of four weeks from February to March,…… Continue reading How to Prepare for Financial Crisis
Turn and Face the Strange
That first line from David Bowie’s Changes sums it up well, as does the other lines of the chorus: “Don’t want to be a richer man…just gonna have to be a different man…Time may change me, but I can’t trace time.” What follows are my notes on the following two videos and my periodic responses…… Continue reading Turn and Face the Strange
The End of the Fed Dollar is in Sight.
Cash disbursal and debt forgiveness have come to the table in many conversations from those “leading” in government and those watching closely their decisions, discussions, and actions. I’m never a proponent of “taking the easy road” when the easy road is “the wrong thing to do”, but our leadership has been doing the worst thing…… Continue reading The End of the Fed Dollar is in Sight.
Economic Impacts of Covid-19
The impact of Covid-19 or #coronavirus is to #trigger events in sectors of the economy where a lack of fiscal or monetary integrity has weakened the #infrastructure. Some people with compromised immune and cardio vascular systems are at serious risk since this targets the lungs, but almost every soul on Earth uses #money and the…… Continue reading Economic Impacts of Covid-19
Amazing Safire Sun Project
Technology may get us through some of our problems yet… This Safire project has been doing some really interesting work over the past few years. Their recent release discusses putting the “electric sun model” to work for practical use as a system that: produces clean energy creates a serviceable heat source remediates nuclear waste The…… Continue reading Amazing Safire Sun Project
The Uphill Climb
For this status post I had to pass on a segment of Peter Schiff’s recent podcast where he discusses the relationship between your employer, government regulations, and you as an employee. Who Pays for Government Programs? In the linked podcast, Peter covers how government mandates something that costs an employer money to deliver that government…… Continue reading The Uphill Climb
Which Straw? Which Camel?
More and more I find the old axiom true: its not what happens, but how you react to events, or are prepared for them, that matters. In 2008 a bursting real estate #bubble was one key event in bringing down market values in the financial sector and therefore the entire #market. While scores of mortgages…… Continue reading Which Straw? Which Camel?
“A False Sense of Security” – Jim Rickards
As I speak with prospects, clients, and participate in chats and conversation, I find that people are having three main issues indirectly related to their financial well-being: 1) Work and family keeps them busy so they have difficulty keeping up with information that can help them. 2) Most don’t have a good source of information:…… Continue reading “A False Sense of Security” – Jim Rickards
Mutual Funds: A Considerable Headwind
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Mutual Funds & Retirement: Strange Bedfellows
When you dig deeply enough to understand how financial vehicles work, it’s easy to see their benefits and short-comings. In my educated opinion, it isn’t hard to see just how short mutual funds can fall when used to grow your retirement, family, or personal wealth. Abysmally short, in fact, when applied within the “qualified” 401(k),…… Continue reading Mutual Funds & Retirement: Strange Bedfellows
The Thinly Veiled “Hedonic” Economy
As both mainstream media news, not-so-mainstream media news, and even our current administration tout the “strength” of our present economy, we must remember that they are measuring in units that are and have been a moving target of value. Even President Trump, who called out the misleading statistics published by the US Government as “Candidate…… Continue reading The Thinly Veiled “Hedonic” Economy
Spotlight: Unwinding the Tangled Hedge
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Over 60% Polled Not Comfortable with Retirement Plans
The Problems: Many people of working age are not comfortable with how their financial plans for retirement are advancing. A link to the article that spurred my own reflection on the topic appears at the end of the article. What follows are comments from my own perspective gleaned from working with clients on such plans…… Continue reading Over 60% Polled Not Comfortable with Retirement Plans
Guilt-Free Spending (part 2)
Part II When you keep a budget, you should know where your money is, where it went, what it’s being used for, and how much you have reserved for your personal use. The reason that many people don’t have money is that they don’t plan to have money. Really, that’s not a flippant statement. People…… Continue reading Guilt-Free Spending (part 2)
The Crypto-Currency, Gold Connection
Even with all the crypto-currency hype, nearly everyone was shocked at the 1,270.5% gains of crypto-currency flagship Bitcoin in the last year. Even more shocking, the distributive ledger technology that allows it to work is already outdated! If Moore’s law, an observation coined in 1965, that estimates the exponential advancement of technology as “the number…… Continue reading The Crypto-Currency, Gold Connection
Guilt-Free Spending (part 1)
Part I ‘Why do I feel guilty spending my own money?’ is a question that many people struggle with. The seeds of this article stem from that question I saw posted in an online forum that I really had the desire to address. When I tried to access the answer page to submit an…… Continue reading Guilt-Free Spending (part 1)
Retirement Expectations “Crumbling”
While many people don’t take the time to actively consider their retirement plans amid the constant press of their daily activities and schedule, it’s been suggested that such consideration today is not just important, but immanent! It’s no surprise that the pressures of the economic times in recent history have been felt by more and…… Continue reading Retirement Expectations “Crumbling”
Seasoned Professional, 10 Years to Retirement
This engineering professional had accumulated a good-sized 401(k) with a large public firm and had a desire to remove as much of his accumulated retirement wealth from the risk of any Wall Street market exposure as possible. The description on his account statement that he was “100% vested” lead him to believe that he was…… Continue reading Seasoned Professional, 10 Years to Retirement
Business Entrepreneur’s Education / Retirement Fund for Daughter
A business entrepreneur with a young, pre-teen daughter wanted to set up an account usable for college funding. While a 529 account might come to mind, once funds are placed into a 529 account the government stipulates, in return for tax-deferred status, the purposes to which both the capital and the gains can be applied. …… Continue reading Business Entrepreneur’s Education / Retirement Fund for Daughter
Young Single Professional Woman, age 26
The account with which we matched this young professional woman provided the ability to leverage a large sum of tax-free money available to her while allowing her to build wealth away from the market downturn exposure of Wall Street and at much better rates than those available from the banking industry. Both capital and…… Continue reading Young Single Professional Woman, age 26
The Game You Write Your Own Rules For…
Empowered to do what you’d like to do and to be who you’d like to be. All too often these days people, organizations, and ‘authorities’ are making all too many decisions ‘for your own good’. If you’d like to retain or recover more of the ability to make your decisions based on your own values,…… Continue reading The Game You Write Your Own Rules For…
Wealthy And Rich Are Not The Same! Part 2
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Oh, Not So, Mr. Ramsey!
I agree with many things that Dave Ramsey says, this is one of those rare, yet glaring exceptions. On a Facebook Meme this morning, Dave Ramsey issued, “Debt is dumb. Cash is king.” Without further explanation, I must take an exception to this blanket statement. “Debt is dumb.” If you’re both broke and in-debt…… Continue reading Oh, Not So, Mr. Ramsey!
Wealthy And Rich Are Not The Same! Part 1
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Numismatic Coins vs. Precious Metals
Numismatic coins, valued for their rarity, beauty, and the perceived value of those that seek them, do not equate to the security of bullion; pure precious metals like gold, platinum, and silver. Precious metals all have more than one function, the first being as an instrument in trade as ‘money’. Metals have specific characteristics that…… Continue reading Numismatic Coins vs. Precious Metals
What Makes Money Work? Part 2
The Magic of Compound Interest: When you invest your money and earn, for the sake of simplicity, 10% annually on a thousand dollars of capital ($1000), you would have $100 in profit or yield (which is taxed as earned income by governments in most states, but let’s ignore that for now). When you’re ready I…… Continue reading What Makes Money Work? Part 2
What Makes Money Work? Part 1
The Motivation: Most everyone would like to have more money. Although people who have a great deal of money could argue that with wealth comes a different set of problems. While that’s true, I have been broke and in debt and I have had money and I can say I’d rather have money and the…… Continue reading What Makes Money Work? Part 1
Why I Teach:
The feeling you get when you see ‘the light go on’ is so common a phrase it’s almost trite, however, that phenomenon, the light going on, is not at all trivial. It’s difficult to express the personal satisfaction and sense of accomplishment that you feel when you realize that you may have just changed someone’s…… Continue reading Why I Teach:
My Bank Doesn’t Charge Me Interest!
Negative interest rates… It’s an entirely new concept even stretching back millennia of monetary history by comparison. Bank rates are and have been so low for the past several years that it’s nearly impossible, with even a good bank balance in your interest bearing checking or savings, to out strip the fees that are now…… Continue reading My Bank Doesn’t Charge Me Interest!
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