Tag: money

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

Assembling the Puzzle Pieces

Created with GIMP

What’s been going on with all this confusion, conflict, and corruption? Harvey Schlanger pulls the pieces together on the table in front of you.  What was in a pile dumped from an unassuming box, is fitted together in the single best explanation of coordinated efforts to overthrow the strongest nation on the face of the…… Continue reading Assembling the Puzzle Pieces

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

Meme with NASA Apollo 17 image

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

Issues with Capitalism and Oligarchy

The video below is an excerpt from the Personal Financial Education series at https://www.davidpandone.com The series strives to present and prepare people on the topics of money, finances, and growing their wealth* which should be taught in school, but isn’t. Saved from the cutting room floor, excerpted here, and added as bonus content to the…… Continue reading Issues with Capitalism and Oligarchy

In Uncle Sam We Trust

Slowly but Certainly, Social Security Is Failing. I see this routinely as I assist clients in preparing for retirement and other financial goals.  This statement is directly from the Social Security Administration’s web page that assists people with estimating their expected benefits at retirement: “The law governing benefit amounts may change because, by 2034, the…… Continue reading In Uncle Sam We Trust

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

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

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…

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!

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

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

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!

Simple, But Easy?

Set your sights on the far horizon, you're going places!

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?