Tag Archives: depression

Central Banks’ New World of Negative Rates and Cash – Bloomberg Business

1 Feb

Gabriel Stein, asset management director at Oxford Economics, and James Bevan, chief investment officer at CCLA Investment Management, discuss the implications of a negative rate environment and investors’ rush to cash. They speak on “On The Move.” (Source: Bloomberg)

Source: Central Banks’ New World of Negative Rates and Cash – Bloomberg Business

Real Money, Fiat, Currency…

29 Aug

choose Silver-Eagle-Sales

I don’t want you to trust me or these nifty images folks.

I want you to go out and learn finance.  Study the history of currency, gold, silver, banking, commerce everything.  There is a wealth of knowledge out there and you can build your financial wisdom up to a point where you can greatly influence how and where every dollar you make goes. Invest, hedge against inflation with numismatics, or maybe silver bullion. heck! Go buy some copper if you feel the need.  Just be aware of what others consider real money, what a fiat currency is, and what could happen to your retirement fund, and savings aka LOOT.

Not interested?  Fine.  But a little due diligence never hurt anyone right?  The talking heads on television don’t care so you should.

#thriveorsurvive.

Finance

Finance (Photo credit: Tax Credits)

No one goes to the Olympics for silver.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance

http://www.changeinadvance.com

Or simply reply to this article.

Image

What I’m Reading Now

30 Sep

RICH CAT, POOR CAT.

29 Aug

Even my cat is reading Rich Dad Poor Dad!!!

Even my cat knows we need to get our global financial purses in order.
Now it seems funny. Heck it is.
However the sad truth is not enough people are focused on their financial education. Even fewer people are focused on their financial well being. The average American is simply following what their payroll secretary instructs them to do. No offense to the payroll secretaries of the world but they are not financial advisers. They do not have to be. It isn’t a requirement. And in fact in many ways they don’t have your best interest at heart. They may round your overtime down per instruction. Hey legal or not that puts them against the dollars you earn when you trade sweat equity for a paycheck. below I’m going to give you my ideas on a few investments, assets, financials you need and or don’t. Ahead of time let me say I am NOT, repeat NOT a financial advisor. I’m just a well read, educated guy from the city that learned the hard way. Feel free to challenge me on redirect- also known as the comment section.

-Investments.
Many people are banking on investments they don’t understand and don’t control to see them through to the end. Regardless of. Lifespan. Sadly after the last crash- the game of economics has changed. I’m not being callous either. Your life isn’t a game but when you let strangers play with your money and wish for the best- you are doing worse than a guy who plays monopoly with his dog. Solution: ask questions. Find out what the fees are. What is your guaranteed ROI aka return on investment. If you can’t understand the product they sell you- Walk away. They get paid to educate you and serve you! Investments don’t have to be stocks and bonds. They can be metals, rental properties, reits, and many more. Look around. Educate Yourself.

-Assets.
Assets build for you essentially. A house you own free and clear is an asset. A sack of junk silver, also known as a bag of coins with no numismatic value and a high amount of silver in them, that’s an asset. A Porsche is not an asset. A cool toy and a burden on your wallet is what a Porsche is.
A rental property with positive cash flow every month is an asset. A home you live in with a mortgage is not an asset in my opinion. If you can lose it or you can’t pay it off in one swipe, then it is a burden. Now people with mega bucks may use a mortgage and a jumbo loan to create certain incentives and complicated fiduciary vehicles to benefit them. I’m not that guy and most of is aren’t either. So skip them lol. In essence an asset puts money in your pocket.

-Liabilities.
Back to the Porsche. Its awesome. I want one. I drive a Honda Accord sedan. You family can and no kids lol. I’m trying to plan ahead. My car is not an asset either. When I leased it however I had a nice tax write off for my home business. See how you can work things? Your home- sorry. Liability like I said before. Mortgage, insurance, maintenance, hoa dues, water bill, electricity- the list goes on. And heaven forbid your boiler or hvac system goes. Got 10 grand sitting around? The play station 3 and surround sound system your kid had to have- pricey liabilities. Oh and the 70 inch Sharp Aquos. Great tv. Li-a-bi-li-ty! Now you need shelter and transportation but evaluate your means and needs. Nothing wrong with having wants too. However find a balance. Don’t be ignorant. Don’t keep up with the jones’. Build your future.

-Physical wealth.
I love physical wealth. Gold, silver, platinum palladium- AMEN! These are my ideas of Assets and Investments. Gold has historically been a way to hedge against inflation and store wealth. Silver as well. Silver coins are highly collectible and can be fun to collect and teach the kids money lessons with. Sealed, signed, graded coins are considered numismatics and can gain value beyond their weight in silver or gold. You can buy junk silver as well. Try this- sort your silver coins for a week. Anything from 1965 or early has a decent chunk of silver in it. A 1960 nickel is 2 bucks. The quarter is 8 bucks. Now of course this all depends on silvers value as adjusted daily, but I assume you see the idea. Questions or want more info on this- reach out to me asap.

-Savings accounts.
Both are good. You should save a portion of every dollar you make until you die. No excuses. No usage. Ask your bank to remove $25 bucks from every check, $10 if you can’t squeeze it out. This way it goes right to savings and you don’t spend by accident. Putting money away for Christmas, or a new car is smart too.

-Emergency fund.
This builds off of the previous. We all need x amount of dollars set aside for life’s hardships. Suze Orman says save six months of living expenses. I concur but that’s a lot of money for all of us. So start with 1000 dollars as your initial goal. You can get there faster than you think.

-Fees.
This is money you can use to build that emergency fund.
checking fees are killing most people. Use direct deposit or get the most basic service you can.
Monthly installment geico vs 6 months upfront. This will save you 60 dollars a year. If you make the payments upfront you skip the fees. Life insurance does the same and so do many other payments. Mortgage and car- send am extra 100 bucks a month to- THE PRINCIPAL. This will reduce interest and fees. It will also add about a payment a year. Lastly this kind of math will take years off your mortgage and months or years off your car loan. Think folks.
Lastly- you don’t need the Cable gold package. You want it. Get the basic. Heck, get Netflix and only the internet. That 80 to 100 dollars you save monthly will give you 960 to 1200 dollars a year!

Are you with me yet folks?
There is money in your wallet/purse. You have to want it though. Do you need change? Tired of the boss? Want to get rid of debt. Well I just gave you some concepts and strategies and info you may not have been privy to before. Use it. Grow.
And remember:
You #thriveorsurvive by your own hand.

#thriveorsurvive.

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.

Be a Market Maker.

15 Jul

Be a Market Maker.
So I came across an interesting article that spoke on the global garage sale.
And in it everyone fit one category based on behavior. Now that wasn’t what got me. What intrigued this entrepreneur was simply that some of us are in a class to lose. That’s right. Your class in this hierarchy may equate to failure or simply a lower status. Now I don’t mean you’re a nobody. What I’m saying is simply that the top is always better than the bottom.

The four types you might fit into are:
The Market Maker
The Fully employed
The Strugglers.
The Bitter bottom.

-The market maker sets the tone. They create the trends and are not only a step ahead but stand to profit the most. They stay ahead of the curve and dictate their terms. This is ideal. It is ultimately where we all aim to be if we want true freedom.

-The fully employed have control of their purse strings. For the most part they can semi- level the playing field and make sure they aren’t rooked. Aka- taken advantage of. They have enough cash flow not to be desperate and enough to beat out the competitors. It is for most an enviable position but in the grand scheme of things I’d say they are closer to paupers than even they realize. You see when you are doing well many people take their eye off the ball. And one calamity is enough to swoop in and cause a life change that they can’t recover from. Something like ninety percent (90%) of Americans are one (1) health-care crisis away from fiscal insolvency. Scary fact right? The sad thing is most people aren’t even aware of this fact. A sadder fact is that most people will succumb to these numbers soon.
Not sure this is where we belong my friends.

-The strugglers are the group of people who are even closer to losing then they will admit. These are the unemployed or underemployed of our great nation. They aren’t lazy or under educated or even lacking skills. They simply are so far back that their skills mean almost nothing. They barely make it check to check and are generally forced to over extend themselves to obtain even the simplest pleasures. They have to pay thirty to fifty percent higher interest just to get in the door for air conditioners, cars and so on. And we all know what 90 credit points can mean on a mortgage: 100,000 dollars over the life of that loan. Yes- one hundred thousand dollars. And that same statistic will apply to all of their purchases if they can make any beyond food and electricity.

-The bitter bottom are those who require the most assistance generally speaking and have the least time and or ability to contribute to costs, and cover their own expenses. For all intents and purposes of this article they can be labeled indigent. They require more help than any other dynamic and require help that they can’t afford, pay for or contribute towards via taxes. Now we aren’t knocking this group or the previous one. I’m merely illustrating the three groups that we all fall in to.

Now at some point we have to literally choose our direction. If you are simply content at your level you will either sustain at said level or sink to a lower one. we all need to rise to the next plateau and then surpass said plateau as well. Life is nothing more than simple challenges and tasks that we must move through and past. I’ve outlined the four basic groups. Now you must ascertain your group and then determine if that is suitable. If not let’s find a way to get you past that point. Even at the top we have to succeed. And we have to thrive. Life is not simply for surviving. It is for making it to the top and then giving back.
Get your mind in gear.
Decide your goal.
Then take the necessary steps to be more than you thought you could.
Seize your existence.
Exceed expectations.

#thriveorsurvive.

“Pain pushes you until a vision pulls you” – Michael Beckwith

Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat.

Changeinadvance@gmail.com

@changeinadvance

Or simply reply to this article.

Image 2 Jun

Hyperinflation in Germany 1923: woman feeding her stove with worthless currency notes

(Guess numismatics would have been a safer bet)(hint hint)

Video 14 May

Address to the People of California: Governor Brown Discusses 2012-2013 State Budget (by GovernorBrown)

————————

So Cali, the land of fair and great is falling fast and faster….

Any thoughts on how to save them?

How about we work on saving your personal economies?

lets chat- changeinadvance@gmail.com

Image 19 Sep

New Fees in Obama Plan Won’t Just Hit Millionaires-AP press

Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who would pay more than $130 billion in new government revenues raised through new or increased fees.

These fees are advertised as “savings” in administration budget documents.

(Click the pic for full article)

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