Since COVID-19 started its spread around the world in 2020...global governments have had to increase their expenditures to deal with higher healthcare costs, unemployment, food insecurity, and to help businesses to survive. Countries have taken on new debt to provide financial support for these measures, which has resulted in the highest global debt levels in half a century...[Below is a] debt-to-GDP data by country from the most recent World Economic Outlook report by the IMF.
Read More »Why SWIFT Matters To Russia
There are 862 individual SWIFT codes of Russian origin, belonging to somewhere around 300 financial institutions out of a total in the bank network of 11,000 and removing them from the network would prevent those banks from using the network to facilitate transfers.
Read More »Here’s How to Store Your Precious Metals
If you want to protect your finances from economic instability or just need to shore up your investment portfolio with a time-honored hedge against inflation, buying precious metals could be for you. But you can’t just stuff your gold and silver bullion under your mattress. No, you need to store your precious metals safely, here are some options.
Read More »Wealth: Don’t Get Discouraged (Chapter 1)
Wealth provides independence and security. For our purposes, wealth is a relative thing; something you define, in reasonable terms, for your situation. I approach wealth in terms you can understand and achieve. Words: 572
Read More »5 Places to Retire and Rent for Less Than $500 Per Month (+28K Views)
One way to approach your search for the ideal overseas retirement haven is to focus on choices where housing is cheap. Below I present five such places for your consideration. Words: 1040
Read More »Record $30,000,000,000,000 National Debt Signals Currency Crisis Ahead!
Total public debt outstanding has surpassed $30,000,000,000,000 which serves as a dire warning for American workers, investors, and retirees
Read More »What Is Fed Tapering? How Does It Work? How Does It Impact the Economy?
This infographic shows how Fed tapering works, and its impact on the economy.
Read More »How Does Your Credit Card Spending By Category Compare?
If you were fortunate enough to keep your job during the pandemic, you probably noticed a financial benefit: you spent less. Amid restrictions, credit card spending on fun activities—like going out for dinner—became less frequent. Looking ahead, the majority of Americans plan to continue at least one budget change post-pandemic, including eating out less (49%), buying fewer clothes and shoes (41%), and traveling less (37%). Of course, the first step in budgeting is tracking where your money is going. In the graphic below from Personal Capital, we break down Americans’ monthly credit card spending by category.
Read More »WEALTH IF YOU WANT IT
WEALTH IF YOU WANT IT is an e-book that deals with how to improve your wealth, your financial independence and your quality of life.
Read More »Wealth: Where Are YOU Headed? (Chapter 4)*
Few people formally plan much in their lives. Usually, that shows they don’t know where they are going. Living life without a plan is analogous to sitting in a drifting boat. You know the direction of the drift, but not the ultimate destination. Words: 1802
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