“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.
Tag: personal finance
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
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
Testimonial Videos Premiere!
I have been wanting to include some of my best clients in video testimonials for prospective clients and for new clients to review and also share. When you find something good, something exceptional, it’s natural to want to share it with people close to you whom you care about. Each of the instructional videos I…… Continue reading Testimonial Videos Premiere!
Motive, and Opportunity…
Yes, the market’s numbers have been higher and setting records, but why? Many companies have borrowed money at near zero interest rates and are buying back their own stock. This reduces the amount of profit paid out to shareholders, and with the company buying more (generally not caring what share prices are paid), the demand…… Continue reading Motive, and Opportunity…
“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
Time will tell… But don’t wait that long!
Although it’s my birthday today, I’m building a business and working on marketing that will attract new clients, so I don’t see that I’ll be taking much time to “celebrate”. I meet with friends regularly, and even had coffee with a friend planned this morning, but that got moved. In my opinion, true friendships aren’t…… Continue reading Time will tell… But don’t wait that long!
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
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
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!
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?
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?
You must be logged in to post a comment.