By Criag Floyd A recent article that advertised unknown ideas for retirement talked about the concept of qualified accounts that are used by the government to encourage saving money especially for the low to moderate level income bracket. My understanding of these concepts, for those of us who rely on others with more experience, […]
by Craig Floyd During a recent vacation some of the entertainment that I experienced was that of a magician. This magician no longer wanted to be called a magician, he wanted to be called an illusionist. He wanted to make clear to us that there really isn’t magic but the ability to present an illusion […]
By Craig Floyd It appears to me that if you want to learn something new or change habits, studying, reading, and observing are the best way to accomplish this task. That is how I approach most challenges that I don’t understand. Recently it came to my attention that this is also the way financially successful […]
By Craig Floyd My parents were children of the depression and adults during World War II. They worked hard, were thrifty and knew the value of a dollar. That meant saving and scraping for every item that they needed. It was a time of canning your own food, sewing and mending, and doing without. My […]
By Craig Floyd It is interesting to study habits of people who are wealthy in terms of money. Specifically millionaires have certain traits that probably help them with the way they approach their finance life. One such trait is that they are not impulse buyers. They seem to be able to hold back on quick […]
Dave Ramsey, Suzy Orman, and others love to jump on A L Williams’ mantra Buy Term and Invest the Rest. There are real reasons (not emotion) that can be demonstrated to refute this strategy. In addition to those here is a great read from a study by David Babbel and Oliver Hahi that you should […]
By Michael A. Fletcher December 9 A measure that would for the first time allow the benefits of current retirees to be severely cut is set to be attached to a massive spending bill, part of an effort to save some of the nation’s most distressed pension plans. The rule would alter 40 years of […]
http://www.lewrockwell.com/2014/12/mark-nestmann/worldwide-bail-ins-are-coming/ Wow!! If there was ever a compelling reason to back away from banks and “too big to fail” ones particularly, and look for refuge in Whole Life Insurance, here’s plenty of reason…best regards to all, Michael E. Thanks Michael. — — — — — — — — - TEXT OF ARTICLE — — — — — — — — - It’s Official: The Worldwide Bail-ins Are Coming By Mark Nestmann • […]
A recent conversation brings this topic to focus. While flying, two men, we’ll name them Don and Jeff, engaged conversation and as is common these days the conversation turned to money. Jeff mentioned, almost bragging, that he had socked away $1.6 million dollars for retirement. “Wow,” Don exclaimed, “that’s a lot of money, you are […]
I know I have discussed this before but in my way of thinking “control” determines your wealth. Control is the thing. You want control. Control of your life, your thoughts, your wealth, your appetites, your desires and passions, etc. Control is the thing. Let’s keep the main thing the main thing. The late statesman H.I. […]
