When most of us hear the word “economy” we think of the national economy…and somewhat despair as we daily witness the news of its perilous state. Things are bad to be sure, however, even on the national level, the fixes are EASY to start if we but had the will to do so. For example, (Continued)
In Nelson Nash’s book, Becoming Your Own Banker, he mentions 4 “human problems” that would cause the system to fail. Now the “system” was how to grow one’s wealth. So who would want that to fail? Of course the answer is no one, but oddly, many people do indeed fail to increase their savings via (Continued)
For this month’s blog, I am going to use an excerpt from the book, Money! Questions and Answers by Fr. Charles Coughlin circa 1935. Chapter VI of this book, Effects of a Dishonest Money System, offers 15 rather chilling prophecies when looked at with the benefit of 75+ years of hindsight. And while Fr. Coughlin (Continued)
Killing the American economy has proven quite difficult for the liberals, but that hasn’t stopped them from trying. And trying some more! Now it appears that their moronic policies are even threatening what I have described before as “the best place to store money.” This week Reuters ran an article about the dangers of Operation (Continued)
Note: This is an excerpt from an email that I sent to my clients in September 2008. I post it now as a blog for the simple reason that periodic checks on where you store your money is a prudent thing to do. This post is NOT intended to scare you or entice a run (Continued)
I hear a lot of financial advisors recommending to their clients to get out of debt. In years past, though it has been a while, I heard another set of advisors heartily recommending the strategic use of leverage. Apparently the “debt” word had become so distasteful to the general public that the pundits had to (Continued)
Aristotle said that “happiness is the meaning and the purpose of life, the whole aim and end of human existence.” How he deduced this is a rather fascinating study, but that will have to be left for another time. Still, it remains true that we humans seek happiness, but far too few of us seek (Continued)
What if you lived to ripe old age of 107? Would your retirement accounts hold up? Consider the interesting case of Leonard McCracken who has done just that. Retired for 41 years, he has managed to live on his personal savings, a lifetime annuity and social security. So what can we learn from Leonard? Well (Continued)
NOTE: This article was first published in January 2008. Are you a bull or a bear? Gosh, in today’s market I think most of us would prefer to be a mouse and hide in the back of the cupboard with our little piece of cheese! Frankly I hate the propaganda mill that is known as (Continued)
Occasionally I come across something in my industry that can only be the portent of bad things to come. Consider this excerpt from an email I received from my brokerage house: As you may know, brokerage firms will be required to report to the IRS detailed cost basis, gain and loss, holding period and other (Continued)