Imagine this–
A successful 45 years old
A couple of children about to go off to college
The stay-at-home spouse is about to re-enter the work force even though the family doesn’t need the income
The mortgage-paid off
No auto loans, credit card debt, or home improvement loans
Several years of living expenses set aside [...]
This past weekend my wife and I attended a presentation of the musical South Pacific at the Temple Buehl Theater in Denver. The character Bloody Mary sings a song about Bali Ha’i early in the play and the words struck me as being apropos to the ongoing theme of this blog: helping Americans are find a better way to deal with their personal economies.
Over just a few decades, the Behemoths’ clever public relations firms and their ill-informed minions managed to move almost every dollar that belongs to you and every other American into either debt or equity over which you have no control. There’s just no room for savings in this scheme of things so the Behemoths sell you term insurance to keep you from putting your money in whole life insurance and local savings accounts where you control it.
As I have said on many other occasions, Behemoths—big government agencies like the IRS, Fannie and Freddie, big investment firms, mutual funds, and stock insurance companies, big insurance agencies like AARP posing as advocates, big unions, big community organizations like ACORN—have misled Americans about the how-to of creating wealth and managing personal finances. This is [...]
The financial principles that have made America’s economy and people the envy of the world are clear and simple.
In the Declaration of Independence:
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are life, liberty and the pursuit [...]
There are few economists and economic writers that can clearly articulate complex economic concepts as well as L. Carlos Lara and the other members of the United Services & Trust Corporation. Here is an historical and factual discussion of…
Sound Money
In-Depth by: L. Carlos Lara | Friday, February 5, 2010
My thoughts on the subject of sound [...]
The primary aim of this blog is to inform and educate Americans about ways to use the EUREKONOMICS™ model to create and manage personal economies that thrive in good times and bad.
Unfortunately, in 2009 the Federal Government and the US Congress pose the greatest threat to our collective financial security. Their greed for the accretion [...]
It has been said the greatest volume of sheer brainpower in one place occurred when Jefferson dined alone…
HOW DID JEFFERSON KNOW???
Especially read the last quote from 1802.
“When we get piled upon one another in large cities, as in Europe, we shall become as corrupt as Europe.”
“The democracy will cease to exist when you take away [...]
The MoneyforLife Blog will keep you posted on the progress of the almost century old Shenandoah Life Insurance Company as it emerges from receivership. What’s important to note is that this relatively small mutual insurer seems to have invested prudently and responsibly based on the support the US Congress gave to publicly held Freddie Mac and Fannie Mae.
Shenandoah Life has limited [...]
This post recounts an email exchange with a credentialed financial advisor. The content has not been modified but the name has been changed and the credentials eliminated to avoid implying that there is any relation between one advisors opinion and the position that might be taken by the credentialing body.
Stephen,
Thanks for your comments.
Although they do not [...]
