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 [...]
The Seven Mysteries - aka Wealth Builders
Moving from Bad Habits to Good Practices
Prologue
The difference between a habit and a practice is awareness.
If a habit relies on thoughtless performance, a practice relies on thoughtful performance. The behavior can be the same, e.g., locking the doors at night. Awareness makes the difference.
Conventional wisdom means that [...]
No matter what President Obama says and regardless of his eloquence saying it, it would be a dire mistake, completely lacking in common sense, wisdom, and - mostly - regard for the US Constitution, for “We the People” to allow or accept any health care or health insurance program created by the US Congress and [...]
Dennis Prager recently commented that he has been carrying American values around in his pocket for his entire adult life. To clarify he reminded his audience that those values appear on the coins and currency of the United States: Liberty, E Pluribus Unum, In God We Trust. He referred to these values as the American Trinity.
These observations seem [...]
America needs neither the terrifying tsunami of new programs overwhelming it from the White House nor the violent volcanic eruption of legislative magma and ash under which the Congress is burying us…can you say “DEBT?”
Some Americans voted for “change” during last years presidential sweepstakes - clearly a gamble. However, a very small but not inconsequential minority of far left politicians, union bosses at the [...]
A Disorganized Conspiracy…
America is prone to adopt ideas that are popularized by the advertising and indoctrination of Behemoths (big business, big unions, and big government) regardless of the intrinsic value of the idea itself. The idea that average Americans should be investing is such a disorganized conspiracy. Its premise lacks intrinsic value.
That doesn’t mean Americans [...]
An insigthful Money for Life Guide recently asked…
“There is one MFL concept I am interested in being better able to more fully understand, teach and implement. ‘Save from income and invest from assets.’ Basically, my understanding is to save from income, purchase assets with savings & leverage, and use the income from assets to…”
Your understanding contains two assumptions [...]
Ideas are strengthened when they are endorsed by informed experts. Gary Halbert has been proving for a very long time that the buy and hold strategy is flawed. Below is an excerpt from another of his brilliant articles on this topic.
Unspoken by Mr. Halbert but obvious from the article is the corollary that most Americans should not be [...]
The following comment was submitted by an advisor in response to a recent article by Dr Agon Fly that appeared on ProducersWeb, a financial industry forum. I believe it could be useful for anyone interested in understanding life insurance policies and - more importantly - in securing their future.
ProducersWeb wrote:
What about U.S. Treasury decision 1743 [...]