Wednesday , 27 May 2020


Finance

More Reasons You May Not Be A Millionaire – Yet (+3K Views)

Many people assume they aren't rich because they don't earn enough money. If I only earned a little more, I could save and invest better, they say. The problem with that theory is they were probably making exactly the same argument before their last several raises. Becoming a millionaire has less to do with how much you make, it's how you treat money in your daily life. The list of reasons you may not be rich doesn't end at 10. [Here are 10 more.] Words: 842

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10 Signs You Have A Bad Financial Advisor (+3K Views)

There are two kinds of bad investment advisors: well-meaning advisors without the wherewithal to keep up with the science of the fast-evolving profession, and those whose main focus is not on managing their clients’ assets well, but on gathering assets under management in order to grow their own practices. How do you tell if you’re sitting across from either one of these types of bad advisors in an industry that lacks transparency? [Well, I have done just that with a list of 10 signs that you are working with a bad investment advisor.] Words: 1467

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Is It Time To Fire Your Financial Advisor? (+2K Views)

As more and more investor education and information is freely available online... investors now have an important choice to make. Should you go it alone, stick with your financial advisor, or fire him and find another, perhaps this time a fee-only planner? Words: 740

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Protect Yourself From A Future Windfall Profits Tax On Gold – Here’s How (+2K Views)

Many have speculated that the U.S. government could once again turn to gold confiscation/nationalization if it became desperate enough. These fears are not unfounded given the abysmal financial situation of the U.S. government that only continues to get worse, coupled with a total lack of political will to cut spending but would the U.S. government really turn to a 1933-style grab again? I would argue that they wouldn’t, but that doesn’t mean the threat to your gold has diminished. Quite the opposite. [This articles identifies what they might well do.]

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10 Drastic – But Doable – Ways To Get Out Of Debt Quickly (+3K Views)

When people talk about getting their personal finances in order, they usually try to find relatively pain-free and low-cost ways to reduce debt and increase savings but this is a long-term approach which some people just cannot "afford". For them it may be worthwhile to consider taking the hard way out of debt. Let me explain.

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Coming Retirement Crisis Will Shake America To The Core (+3K Views)

The pension nightmare that is at the heart of the horrific financial crisis in Detroit is just the tip of the iceberg of the coming retirement crisis that will shake America to the core. As a society, we have made trillions of dollars of financial promises to the Baby Boomers, and there is no way that we are going to be able to keep those promises. The money simply is not there.

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