Twice a year, the Congressional Budget Office issues a report or rather updates its annual “Budget and Economic Outlook.” This report projects the nation’s fiscal conditions for the next 10 years based on current laws. The most recent update was in late January and it painted a grim picture of out-of-control spending, growing debt, and […]
Often in a visit with people about their money and finances it comes to my attention that they are having to lean more and more on higher risk investments to make money. Why is this when it appears that the market is really doing well? To answer this question I believe you have to understand […]
“Our prosperity as a nation depends upon the personal financial prosperity of each of us as individuals.” Those are the opening word to the foreword of George S. Clason’s timeless classic The Richest Man in Babylon. Although they were possible written nearly a century (1926) ago they a still true and possibly even more poignant […]
If you have read much of our blog at all you know that professionally designed life insurance is one of our favorite tools to use. This blog will deal with the taxation of life insurance contracts. Tax season for a lot of people is not a fun season. However, it is a season that you […]
This is a question we get a lot. A picture (Diagram) is worth a thousand words, so……
There seems to be a lot of talk about the evils of capitalism of late. While capitalism has its short comings a short story will illustrate the difference between capitalism and socialism. This story has been published a bunch of times, the mos recent by Martin Armstrong. His added insights are valuable. A guy looked […]
Quick answer this question: What happens to the price of something if there are more sellers than buyers? I know that was a simple question, but I wanted to have that as a foundation for this post. Several years ago I read the book; Rich Dad’s Prophecy by Robert Kiyosaki. In that book he tells […]
You read that right. That is not a tongue and cheek question but rather a reactionary question to a recent article published by ABC Australia entitled; “Cash is for Criminals: Why we should scrap big notes.” According to an economics professor reportedly from Harvard a Ken Rogoff having cash in our society is making us ” […]
I recently came across and interesting interview from CNBC. You can go watch the interview here. The interview had many good points the least of which was the title of this article; Whole life insurance is a safe asset that should be considered for your portfolio. You can be sure of a beyond decent […]
This is incredibly brazen and troubling news. The government of India recently made one of the boldest moves in recent times against cash. They have essentially “probabilistically devalued” the 500 and 1000 rupee notes in circulation. A defacto cancellation of those notes If anyone holding those notes tries to deposit them into a bank, their […]
