See how the net of Credit Card Debt Trap has been weaved to such an extent we know think it is “normal”. A window into the past before there was credit card debt.
Governments have been waging a war on cash forcing populations to use electronic means of payments while demonizing its use through public relations campaigns. As a result of the lack of cash in poor communities, Tide -a laundry detergent, is being used as cash.
The answer is it depends on your objective. Are you preparing for a “doomsday” scenario? Are you trying to save some extra income? Are you speculating with the fluctuating price of these commodities in order to make a profit? Most people answer me that first & foremost they are worried about the “doomsday” scenario. The […]
This movie is fascinating, in thirty minutes it describes the secret of the US Economy in terms everyone can understand. This subject is of paramount importance to anyone for no one is escaping its consequences.
On Monday September 20 of 2010, major media was carrying the story that the recession was declared over by the National Bureau of Economic Research. The prestigious NBER declared June of 2009 as the “bottom”. This information contradicts observable facts, however there is a logical explanation which sheds light on this paradox.
We are now in journalistic heaven! Newspapers and newscasters are in ecstasy relaying the juicy bad news about the economy. In addition, rare in their profession, they happen to be right and the need for “accommodating the facts” is nearly not needed. However, though right, the whole picture is not being conveyed. While the government […]
Brief Recap: I was introduced to this concept of “billing yourself to wealth” at a seminar in England back in 1991 given by a highly successful German business consultant. His way of achieving this concept was through getting a mortgage. A mortgage in this context has these powerful features: – you have a monthly bill. […]
Turning your bills into savings is not a new idea. Think about this, how much money do you spend per month? $5,000? $10,000? Most of it for most people goes to pay bills. Many of us have heard that if you could only put aside 10% or so you would accumulate of lot, however how […]
Albert Einstein said that compounded interest was one of the World’s marvels. In fact, he created a quick rule of thumb to determine its magic called the “rule of 72”. Long known to financial planners, this simple rule of thumb allows you to swiftly calculate how many years it takes for your money to double, […]
Say you have $5,000 in your checking account. Being a prudent person you would not spend more than $5,000, correct? Now, what would happen if a check took 7 days to clear? Let’s also assume that you get paid $1,000 on a weekly basis. This means that on Monday you could spend up to $6,000 […]