“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: savings
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
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
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
Trading time for dollars?
A talented skill set and a good job are a great start to providing for your cost of living, which seems to be growing each year. Trading time for another person’s dollars has its limits in available time and the years you can work. In fact, real levels of inflation are much higher than the…… Continue reading Trading time for dollars?
Saving should be predictable.
You don’t have to be a securities analyst or a day-trader and follow the market daily to grow your personal, family, or retirement savings. Many people do this by allowing a fund manager, a market professional, to run the mutual funds within their 401(k) or IRA accounts. What people don’t often see is the 4.5…… Continue reading Saving should be predictable.
Your Stored Work Energy
In our culture, people tend to expand their lifestyle up to the limit of their cash flow. Whether abundant or more humble, more money usually means nicer homes, newer cars, and more expenses. Discretionary income is your financial power, your “stored work energy” that you decide not to spend before you even have it. Someone…… Continue reading Your Stored Work Energy
The Banks’ Game
After the Dot-com-bubble from 2000-2003 decreased market values by nearly 50% sending hundreds of thousands of retirees back into the workforce, the banking industry systemically lowered mortgage qualification standards and drew more artificial value into the markets creating a housing bubble. They washed their hands of the mess and sold these mortgages as bundles of…… Continue reading The Banks’ Game
What if…
What if falling-market-loss could be replaced by a guaranteed floor that prevents market loss against your account? What if there were no taxes or penalties for using your wealth before 59-1/2?* What if your 401(k)-rollover earned you up to a 10% bonus in your account at implementation and both capital and bonus earned future returns? …… Continue reading What if…
Why Wealth is Elusive
Information today in the information age is readily available. The problem lies in the credibility and verifiable nature of the information you have at your fingertips and which is being presented to you without you having to go searching for it. “It’s on the news, it must be true…” Oops! Your current site membership level… Continue reading Why Wealth is Elusive
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!
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?
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
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…
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
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?
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