Interest rates have barely lifted from ground level and are already headed lower. In the U.S. short-term interest rates are at least positive. My EU and Japanese readers are not so lucky, facing negative rates.
Low interest rates are bad enough, but watching your bank balance decline is a downright nightmare for savers. If you are close to or in retirement this can cause great financial harm.
Because rates are likely to stay at these low level for the foreseeable future and there are many safe alternatives paying more, I will publish a special report each month highlighting one of these short-term, money market-like investments. Every effort will be made to address opportunities available to as many readers across the planet as possible.Read More
Pointing out the emperor has no clothes is a sure way to lose your card-carrying status within a community. The alternative is to deny the truth and be part of the problem. If I’m out, I’m out. At least I was honest.
This brings us to the scariest part of the movement no one wants to talk about: phalanstery.Read More
The word goal has taken on dreaded status. Over the decades I’ve attended several informational and motivational seminars. Whenever the topic of goals comes up, heads duck. It shouldn’t be that way.
I think people dread goals because they feel obligated once they are on paper. There is also some fear of stating your goals because they entail your deepest desires.
The thing is, goals should change. Not every goal deserves consideration. It would be nice to skydive. Sure it would. But after careful consideration other goals might interest you more. More family time might be the goal you wish to pursue instead and the rewards (in your mind) might be better than falling from 10,000 feet.Read More
As the weight started taking its toll I adjusted as best I could. First the other blogs were cancelled. Then my farm was sacrificed. The weight of my choices extracted a serious penalty.
I have always been healthy. I did have a heart operation in junior high, but outside that I was like a machine. I enjoyed life and took the largest bite I could chew. If life is worth living it is worth living to the max.
It was easy to brush off the first warning signs. Yes, I was working long hours, but I enjoyed the work so why not.Read More
In a breaking news story sure to rock the FIRE (financial independence/retire early) community, Mr. Money Mustache (MMM) has fired his accountant for refusing to take early retirement.
You may recall Mr. Mustache is the leader of this massive movement sweeping the planet. Suze Orman has never been the same since she said she “hates, hates, hates” the FIRE movement. Now the leader of the New World Order has ordered the hit on his now former accountant for refusing to take a knee prior to normal retirement age for a public official (55).
His former accountant, aka The Wealthy Accountant (TWA), kept a stiff upper lip when he broke the news earlier this year. However, the paparazzi knew something was afoot when Mr. Accountant had a tear at the corner of his eye.Read More
Burnout is only one step on a road to hell. Left unchecked it can cause serious damage to your health.
If you experience burnout and take no remedial actions you can start to exhibit symptoms of something much worse.
The first step toward a nervous breakdown is burnout. Fatigue lowers your mental defenses. When the situation continues to pound feelings of desperation can set in. Helplessness is a large factor of burnout.Read More
Traditional retirement plan contributions come with a loan attached to it with a variable rate of interest, to be determined at a later date by the tax code and your income level.
We all know that traditional retirement accounts get a tax deduction at your ordinary tax rate to the retirement plan contribution limits. We should also know that these account grow tax-deferred and that all distributions are taxed at ordinary rates.
This is a real problem if your goal is to maximize your net worth. In the early years the tax benefit makes it seem like it is the best deal on the planet. But as time passes the math tells a darker tale.Read More
It is unfortunate that climate change is such a political hot button when it is such a good tool to build wealth. Much of what I say will cause righteous indignation from both sides of the political isle. Good thing we will have a full wallet to sooth our nerves.
Too much focus is on “if” there is climate change and how much is “human” caused. These are the wrong questions to ask and the reason why so little is being done to remedy problems climate change can bring.
Since we are discussing a difficult issue I will start by outlining where I stand on climate change (no throwing tomatoes). Then I will show some reports of fear mongering that are really exciting economic reports we should all want if that is as bad as it gets. We will finish with an actionable plan to deal with climate change on a personal level and investments.Read More