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It’s Vital That You Keep These 7 Financial Documents Forever
It’s Vital That You Keep These 7 Financial Documents Forever — Here’s Why
Vawn Himmelsbach Mon, June 3, 2024
Many of us have piles of papers we’re saving "just in case,” probably gathering dust somewhere.
While some of those documents could probably head straight to the shredder, there are others that you should keep forever — and preferably not in a cardboard box in the basement.
But sometimes we just don’t know what we need to keep (and for how long), and what we can safely get rid of.
Here are seven financial documents you shouldn’t get rid of (ever) — and why.
Gold Will Soon Displace The US Dollar, And Americans Are Missing Out
Gold Will Soon Displace The US Dollar, And Americans Are Missing Out
Notes From the Field By James Hickman (Simon Black) June 3 2024
Next month will mark 80 years since the US dollar was formally anointed as the world’s reserve currency.
It was July 1944. And with the war in Europe near its denouement, governments were already trying to plan what the postwar world would look like. Most urgently, they needed to figure out how to rebuild their devastated economies.
Just think about the mess they were in: nearly every industrialized country in Europe had been destroyed by war. Manufacturing and farming were both in the dumps, and they had very little savings to invest in economic revival.
They also had a gigantic mess when it came to international trade. Dozens of countries each had their own currencies, so commercial trade meant each government keeping 20-30 currencies in reserve.
France, for example, would have to hold Austrian schillings, British pounds, Spanish pesetas, Italian lira, Dutch guilders, Soviet rubles, etc. in reserve, just to be able to trade.
4 Purchases Financial Experts Regret and What They Wish They Had Spent Money On
4 Purchases Financial Experts Regret and What They Wish They Had Spent Money On
Laura Bogart Thu, May 30, 2024
Financial advisors may know a lot of things about wisely spending money, but they don’t know everything. Even the best educated, most experienced and all around savviest financial expert is still, at the end of the day, a human being trying to make the best decisions based on the information they have on hand.
Sometimes, these advisors regret their decisions in hindsight. And sometimes, looking back on the purchases they regret the most will teach the experts in a more intimate way than they’d get in their studies or on the job.
GOBankingRates talked to some financial experts about the purchases they most regret and what they now wish they’d purchased instead.
Investing In a Startup
As the co-founder and CEO of Reliant Insurance Group and Helping Hand Financial, Ben Klesinger is a seasoned financial professional. But that doesn’t mean that he didn’t have to acquire some of his expertise the hard way by making investments he would come to regret.