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
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Grandfather with 5 Grandchildren, Age 85
A grandfather of five grandchildren and one great-grandchild inquired if I could assist him in setting up a wealth-transfer to his several grandchildren. “I have money in my bank account that I’m not using, am not likely to use, and am earning next to no return on!”, he stated, opening the discussion. “I want to…… Continue reading Grandfather with 5 Grandchildren, Age 85
2018’s Current Unseen Crisis
Embedded below are three of the best interviews that I have heard lately that sum up the extent and magnitude of the economic situation that we are currently in worldwide. In addition, I’ve added some of my own comments and perspective to try to bring those who aren’t at all familiar with the topic up…… Continue reading 2018’s Current Unseen Crisis
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…
The Worst Debt Reduction Advice…
As I was researching some ideas for debt reduction I came across this article published on the AARP site. As I read through the suggestions I couldn’t believe some of the ideas that the author was recommending as a ‘good’ overall financial strategy to reduce debt. My comments and analysis follow the tenets of the…… Continue reading The Worst Debt Reduction Advice…
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
Oops! Your current site membership level or course registration doesn’t allow access to this content. Consider registering for the course or membership for access and discounts on this type of content. I thank you for your interest in education at davidpandone.com!
USAA and Fox’s Sean Hannity
USAA recently pulled its advertising from the Sean Hannity show on FOX’s news network due to the political content and thousands of clients are dropping their accounts! While it’s a good thing to recognize market extortion when you see it, and even more impressive to take a stand and react to it actively, many people…… Continue reading USAA and Fox’s Sean Hannity
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
The Newscast Crap-shoot…
I’ve posted news, that tends to be accountable and accurate, to my website and YouTube channel through RSS feeds and video highlights from independent sources. If you’re looking for an alternative to being force-fed information from one or two sources with a similar agenda, you’ll find news sources from all over the world on my…… Continue reading The Newscast Crap-shoot…
Dancing Under the Bubble Machine
On Tues., May 16, 2017 Michael Maloney released an important update to his subscribers detailing why current conditions indicate a coming market crash. He reviews market values, P/E ratios, margin amounts and other factors that indicate instability and a likely timeline for the impending event. https://www.youtube.com/watch?v=w0Oz2R0u4VM
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:
News Update: 170427
Releasing Friday April 28 and entitled Guilt-Free Spending, Part 1, the next article deals with ‘buyer’s remorse’ and the guilt some people experience when spending their own money. It’s not an uncommon phenomenon!
A Cash-ionary Tale
At the time this article is being written, there are people discussing in our government representation (and in fact worldwide) the removal of cash in the form of currency from the monetary system. While I’m no fan of the current state of our currency system, it’s important to understand the effect that such a consideration…… Continue reading A Cash-ionary Tale
Simple, But Easy?
I can relate to hesitation about a belief in financial success. When I was younger I chose two careers that interested me greatly, but didn’t pay particularly well; music and photography. I enjoyed them both, and I was good enough at each to scratch a living from them, but financial success or excess was not…… Continue reading Simple, But Easy?
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!
The Set of the Sails…
With a new website and focus, I’ve swapped my marketing focus and website from book, or even my services, to myself. I can offer many things from helping a family protect their wealth from market crashes, to passing more wealth onto the family avoiding taxes, to helping people learn basic financial management skills with my…… Continue reading The Set of the Sails…
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