.Adding Value
Adding Value
Adam M. Grossman | September 1, 2019
NIKOLA TESLA was a brilliant inventor, with nearly 300 patents to his name. He also had some unique habits. Among them: Every night, before he sat down for dinner, he would ask his waiter for a stack of 18 napkins. He would then use them to carefully wipe down his silverware.
Even at the Waldorf Astoria hotel, where Tesla lived for decades and where the silverware was presumably clean, Tesla insisted on this time-consuming process before every meal.
The first napkin, and perhaps the second, might have ensured a somewhat cleaner set of utensils—and it probably gave Tesla, who had contracted a debilitating infection as a child, additional peace of mind. That’s what economists would call positive marginal utility. It served some use.
But beyond that, it’s hard to imagine that all that additional cleaning and scrubbing contributed much. It just took time. That’s called negative marginal utility. It consumed time without adding any value.
When it comes to managing your finances, I suggest looking at things through this same lens.
The financial world, unlike more scientific fields, is full of uncertainty. In many situations, additional effort won’t get you any closer to a better answer—just as wiping down the silverware for the 18th time won’t make it any cleaner.
This notion strikes many folks as counterintuitive. When we were children, we were taught to work hard—and indeed, in most endeavors, additional effort does yield a better result. But in the world of finance, it’s more nuanced.
Historically, when people talked about personal finance, they focused primarily on investment-related questions—which way the market was going, which stocks were hot and so forth. For years, these kinds of questions received the lion’s share of attention from both experts and everyday Americans.
But research has shown that time spent on these questions often isn’t time well-spent.
Stock picking, market timing and economic analysis rarely yield positive returns. What’s worse, these activities also tend to leave investors with higher investment costs and bigger tax bills.
To continue reading, please go to the original article at
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
VELOCITY OF MONEY - From Virginia Gentleman
I know I don’t have to state the obvious …GO HAVE FUN WITH SOME OF YOUR NEW FOUND WEALTH. However, I would like to pass on some words of wisdom.
As we get ready to punch it in, please remember to act like you’ve been in the End Zone before. Take a deep breath and exhale slowly as you collect yourself with the full intentions of acting with class and integrity.
Respectful treatment of others will be an inherent responsibility of your new status, as well as respectful treatment of your money and assets. You owe this to yourself, your family, your neighbors, and your heirs.
(Dinar Recaps Note: This post is for informational purposes only. It is not legal, tax or investment advice. Dinar Recaps advises that everyone should do their own due diligence and seek local Professional tax, legal and/or investment advisers.) Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records!
Iraqi Dinar Breaking News: How to Prepare for a Last-Minute RV, Go Bag Essentials
Wed. 4-30-2025
The air is thick with anticipation, fueled by whispers and rumors of a potential revaluation (RV) of the Iraqi Dinar (IQD) and Vietnamese Dong (VND).
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Suggested Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
From Recaps Archives
Keep Believin' In The Unbelievable! by Dr. Dinar
Sheesh. They can put a man on the Moon. Or at least we think they can anyway.
Could've been Hollywood magicification for all we know.
Without a doubt the lighting situation was highly suspect.
But let's go ahead and give 'em the benefit of the doubt, just for the sake of discussion.
From Recaps Archive by request……..
Note: All items on the checklist may or may not apply to your own individual circumstances…some of the items listed may or may not still be applicable at your exchange apt....ask your banker at the time of your appointment.
Bank appointment for Currency EXCHANGE Instructions/Checklist
For your own records
Bank Name_________________________________________
I have________________________ IQN(Iraqi)currency
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
From Recaps Archives
Services You Get As You Get Richer
1. Housecleaning Services (Your time is worth more than the effort it takes to maintain your living space)
2. Personal Trainer (Reduces stress, improves your health)
3. Personal Chef (Customize your nutrition. Saves time from planning/cooking)
4. Advisors in All Areas (Attorneys, tax planning, estate Planning, etc.)
(Note: This Article can apply to Lotto-Winners, A Big Inheritance and Dinarians!)
This story appears in ESPN The Magazine's Dec. 8 Big Money Issue.
HERE'S A CHALLENGE: Imagine what it feels like to be 21 years old, extremely successful, famously wealthy, wildly stressed and unbearably miserable. How, you might wonder, can all those conditions exist simultaneously?
Start here, with Cowboys All-Pro offensive tackle Tyron Smith, talking to his mother on the phone one day in 2012, his second year in the NFL, during a time of growing tension between him
"We've found a house," Frankie Pinkney told her son.
From Recaps Archive
*A Source Is A Source* By Dr. Dinar
We've all heard the song "Whatever Gets You Thru The Night" by the amazing John Lennon. Combined with the talent of Elton John on backup vocals and piano, that song had all the ingredients, a recipe for a "win" if ever there was one.
After nearly a decade on this journey to the RV/GCR, it's pretty much come down to just that. Whatever it takes to help get you through the night and on to the next day. The next week... the next month.
To simply hang in there, especially during the toughest of times, when hanging in feels like the last thing you have the strength to do. Yet somehow we all have to muster the strength to hang in there and cross that finish line, shoe box full of currency held high.
From Recaps Archives
Note: All Dinarians should read this.....So it will NOT happen to you!
Investorchick at TNT: Lotto Winner Loses It All
I had the pleasure of meeting a very charming senior in the last few weeks. It's my friends mother and this lady is in her 70's.
She won 5 million dollars in the year 2000. I saw a copy of the cheque on the fridge at her son's house. I did a double take because I've never seen a cheque that large.
From Recaps Archives
Keep Believin' In The Unbelievable! by Dr. Dinar
Sheesh. They can put a man on the Moon. Or at least we think they can anyway.
Could've been Hollywood magicification for all we know.
Without a doubt the lighting situation was highly suspect.
But let's go ahead and give 'em the benefit of the doubt, just for the sake of discussion.
DON’T QUIT
When things go wrong as they sometimes will, When the road you’re trudging seems all uphill,
When the funds are low and the debts are high, And you want to smile, but you have to sigh.
When care is pressing you down a bit- Rest, if you must, but don’t quit.
Iraqi Dinar Today Video Update Tuesday AM 5-28-24
WOW JP Morgan Chase Bank & World Trade Organization Approved – 4:40
WOW Its ,Massive New exchange rate Set 3.86$ - 5:11
Chase Bank Wonderful Announcement On IQD New Exchange Rat – 4:48
Congratulations ✅ Revaluation Done Go And Your Dinar & Dong On New Rate – 4:23
Iraqi Dinar Video Update Thursday Evening 5-23-24
PM Of Iraq Announced New Rate – 3:10
Chase Bank Announced About IQD RV - 4:14
Iraqi Dinar International Revaluation - 4:56
Iraq Currency Printed New Notes IQD RV – 4:32
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
From Recaps Archives:
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Bank appointment for Currency EXCHANGE Instructions/Checklist
Bank Name_________________________________________
Bank 800#__________________________________________
“I am calling to schedule a foreign currency exchange”
My name is___________________________________________
My zipcode is__________________
My e-mail address is (If they ask for it)________________________________
From Recaps Archives………
We're All In This Together by Dr. Dinar
So, here we are, new Month of a new year…….And we're still broke and waiting.
How can that be. It makes absolutely no sense whatsoever.
For those of you that have been around for a good number of years I'm sure you'll remember the feeling of praying that your IQD order would arrive in time.
After all, we only had a couple few short days before the RV was gonna "pop" and you'd hate to miss out on such a "once in a lifetime, too good to be true" event simply because the Fed Ex driver threw your package on the wrong porch.
Sabickford: One year, I decided to buy my mother-in-law a cemetery plot as a Christmas gift... l The next year, I didn't buy her a gift. When she asked me why, I replied, "Well, you still haven't used the gift I bought you last year!" And that's how the fight started.....
I took my wife to a restaurant. The waiter, for some reason, took my order first. "I'll have the rump steak, rare, please." He said, "Aren't you worried about the mad cow?" "Nah, she can order for herself." And that's when the fight started.....
My wife and I were at her high school reunion. She kept staring at a drunk swigging his drink at a nearby table. I asked her, "Do you know him?" "Yes", she sighed, "He's my old boyfriend. I understand he took to drinking right after we split up years ago. I hear he hasn't been sober since." "My God!" I said, "Who would think a person could go on celebrating that long?" And then the fight started...
Our lawn mower broke. My wife kept hinting that I should get it fixed. Somehow I always had something to do first, always important to me. She thought of a way to make her point. I came home from work to find her seated in the grass, snipping with a tiny pair of scissors. I watched then went into the house. I came out and handed her a toothbrush. I said, "When you finish cutting the grass, you might as well sweep the driveway." The doctors say I will walk again, but always with a limp.
For the "Negative Nellies" who told us the Dinar is a Scam
Re-posted for our newest members
Do you have anyone in your life that told you investing in Dinar is a scam? Just show them this!
We've all heard from someone that investing in the dinar is a scam:
If there is a scam going on, it is the dream stealers trying to rob you of hope. In actuality, they are missing out on the blessings that come with dream building with one's spouse. That alone is very rewarding, and very telling, into how well two soulmates are really thinking on the same page.
If there is a scam going on, it's the US govt, Iragi govt and UN holding back info ... delaying ... the invitable. But post RV/RI you'll be praised for your insite into this investment by the nay-sayers. (Hindsite investors).
Thank you Dr. Dinar!!!
Enough Talk... Let's See Some Action! by Dr. Dinar
I don't know about you but I'm pretty much done.
To the point where I'm done hearing it's done.
As in everything's done.
Done... duh duh duh DONE!
Like, really done.
Done to the point where there's nothing left to do.
Nothing left to do because it truly is done.
We're All In This Together
by Dr. Dinar
So, here we are, nearing the end of another year ….Yes, you read that correctly. another year! And we're still broke and waiting.
How can that be. It makes absolutely no sense whatsoever.
For those of you that have been around for a good number of years I'm sure you'll remember the feeling of praying that your IQD order would arrive in time.
After all, we only had a couple few short days before the RV was gonna "pop" and you'd hate to miss out on such a "once in a lifetime, too good to be true" event simply because the Fed Ex driver threw your package on the wrong porch.
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Note: All Dinarians should read this.....So it will NOT happen to you!
From InvestorChick at TNT
Lotto Winner Loses It All
I had the pleasure of meeting a very charming senior in the last few weeks. It's my friends mother and this lady is in her 70's.
She won 5 million dollars in the year 2000. I saw a copy of the cheque on the fridge at her son's house. I did a double take because I've never seen a cheque that large.
Of course me being a Dinarian and riding this crazy ride along with all of the others, I have been fortunate enough over the past 5 years to have been educated by people like Tony etc and I have done my research about this kind of thing
Possible Bank Perks to ask for at your Exchange Appointment .
AUM - Assets Under Management
1. No fees ever for foreign currency exchanges
2. Provide a Private Banker/Wealth Manager at the time of exchange to initially park the funds in an non-interest-bearing account overnight and sweep those funds into other non-interest bearing accounts within your bank the following day; until I meet with bank advisers and other financial professionals and make some general guidelines for the management of these funds and the distribution of a portion of these funds through your bank, trust, and LLCs.
3. Family Office Services
4. Perks can be based on AUM (Assets Under Management) in a tier grid
Occasionally Dinar Recaps will be posting information from our archives for our newest readers that may be helpful for you in currency investing, at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
The "Hidden Secrets of Money" 10 part series by Mike Maloney
Money vs Currency - Hidden Secrets Of Money Episode 1 –
Mike Maloney
Currency vs. Money is the 1st Episode of Mike Maloney's Hidden Secrets of Money, a series presented by Mike Maloney as he travels the world to uncover the Hidden Secrets of Money.
Occasionally Dinar Recaps will be posting Exchange Tips and information from our archives for our newest readers that may be helpful for you at our exchange appointments and Post RV. Not all information may apply to you and your personal situation…..Take what you like and leave the rest: Some you may want to save for your own personal records! We hope all our dreams come true very soon ~ Your Dinar Recaps Team
Cheat Sheet for Appointment with Supplemental Information, Fleming (Rev. 5.21.2021)
The information in this document is based on the most recent information available. It is not intended to be the authority on the GCR/RV or appointment process. It is expected that there may be changes once final instructions are received. This information is based on exchanges/ redemptions done in the USA. Each country will have its own process and information should be available for all once notifications have been issued.
The redemption/exchange process is streamlined and will be easy and straightforward. The appointment will only be about 15-20 minutes. You will be in and out quickly.
From Recaps Archives
15 Things To Do If You Get Rich All of a Sudden
In this Alux.com video we'll try to answer the following questions:
What should you do if you get rich all of a sudden?
What do to if you inherit money?
How to manage a large sum of money?
What should you do if you get rich?