Are You Living Beyond Your Means?
.Are You Living Beyond Your Means? The Warning Signs to Watch For
Post From Invested Wallet
Posted in Dinar Recaps Archives on 7/9/2019
In our consumer and debt-heavy society, living beyond your means is all-too-common. And unfortunately for us, it can put us in tricky financial situations.
Considering how easy it is to impulse buy online and use credit cards we end up spending more than we make.
This process has become so normalized, that we overlook the financial dangers and live a lifestyle that can be too expensive for our own good.
Are You Living Beyond Your Means? The Warning Signs to Watch For
Post From Invested Wallet
Posted in Dinar Recaps Archives on 7/9/2019
In our consumer and debt-heavy society, living beyond your means is all-too-common. And unfortunately for us, it can put us in tricky financial situations.
Considering how easy it is to impulse buy online and use credit cards we end up spending more than we make.
This process has become so normalized, that we overlook the financial dangers and live a lifestyle that can be too expensive for our own good.
While it may seem okay because so many are living beyond their means, it shouldn’t mean you need to endanger your own financial well-being.
Below are a few warning signs you should watch to ensure you are not living beyond your means.
You Notice You are Living Paycheck to Paycheck
78% of full-time workers said they live paycheck to paycheck (CNBC)
Now, this might not signal right away that you are living beyond your means. You might be underpaid, living in an expensive area, or have some other financial circumstances putting you in this situation.
However, a lot of times you may be upgrading your lifestyle or just overspending that causes you to barely squeak by every pay period.
Take a step back, look at your paycheck and see where your money is going every week. You may discover that there are some cutbacks you can do to help you get out of the paycheck to paycheck slump.
I’ve been there before and it’s not fun. Even though I was only making $36,000/year at the time, had I not been overspending on my lifestyle that situation would have been different.
You Have Little Saved or No Emergency Fund
One thing I roll my eyes to in most personal finance articles is when they talk about having an emergency fund. We all should know it’s important to have one and we all do typically want to save money.
To continue reading, please go to the original article at
Today's Smile Post-Live Penguin Cam (Colony View) | California Academy of Sciences
,(Note from Dinar Recaps - With everything bad happening around us these days, here is our post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like this cam, consider bookmarking this page.)
California Academy of Sciences
Watch our penguins swim, flirt, and nest on three live webcams—now in HD! Native to the coasts of South Africa and Namibia, these flightless birds have an important conservation story to tell. Tune in for daily feedings at 10:30 am and 3:00 pm PST. Cute alert! Our Pocket Penguins app is now available on a variety of devices so you can delight in the antics of our African penguins wherever you are.
The California Academy of Sciences is a renowned scientific and educational institution dedicated to exploring, explaining, and sustaining life on Earth. Based in San Francisco’s Golden Gate Park, it's the only place in the world to house an aquarium, planetarium, rainforest, and natural history museum—plus cutting-edge research programs—all under one living roof
(Note from Dinar Recaps - With everything bad happening around us these days, here is our post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like this cam, consider bookmarking this page.)
California Academy of Sciences
Watch our penguins swim, flirt, and nest on three live webcams—now in HD! Native to the coasts of South Africa and Namibia, these flightless birds have an important conservation story to tell. Tune in for daily feedings at 10:30 am and 3:00 pm PST. Cute alert! Our Pocket Penguins app is now available on a variety of devices so you can delight in the antics of our African penguins wherever you are.
Download links here: http://bit.ly/2Alg9aj. - - -
The California Academy of Sciences is a renowned scientific and educational institution dedicated to exploring, explaining, and sustaining life on Earth. Based in San Francisco’s Golden Gate Park, it's the only place in the world to house an aquarium, planetarium, rainforest, and natural history museum—plus cutting-edge research programs—all under one living roof.
Connect with us: • Facebook: https://facebook.com/calacademy • Twitter: https://twitter.com/calacademy • Instagram: https://instagram.com/calacademy • Snapchat: https://www.snapchat.com/add/heycalac... • Tumblr: https://heycalacademy.tumblr.com
https://youtu.be/-34BwGBz83U
Today's Smile Post - International Space Station on UStream
.(Note from Dinar Recaps - With everything bad happening around us these days, we are starting a daily post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like this cam, consider bookmarking this page.)
Note: Live video from the International Space Station includes internal views when the crew is on-duty and Earth views at other times. The video is accompanied by audio of conversations between the crew and Mission Control. This video is only available when the space station is in contact with the ground.
During "loss of signal" periods, viewers will see a blue screen. Since the station orbits the Earth once every 90 minutes, it experiences a sunrise or a sunset about every 45 minutes. When the station is in darkness, external camera video may appear black, but can sometimes provide spectacular views of lightning or city lights below.
(Note from Dinar Recaps - With everything bad happening around us these days, we are starting a daily post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like this cam, consider bookmarking this page.)
Note: Live video from the International Space Station includes internal views when the crew is on-duty and Earth views at other times. The video is accompanied by audio of conversations between the crew and Mission Control. This video is only available when the space station is in contact with the ground.
During "loss of signal" periods, viewers will see a blue screen. Since the station orbits the Earth once every 90 minutes, it experiences a sunrise or a sunset about every 45 minutes. When the station is in darkness, external camera video may appear black, but can sometimes provide spectacular views of lightning or city lights below.
Looking for high definition views of Earth from the space station? Visit the ISS HD Earth Viewing Experiment (HDEV) on UStream or look for NASA Live: Earth Views From the Space Station on YouTube.
Todays Smile Post--Africam - LIVE From Naledi Mud Dam
.(Note from Dinar Recaps - With everything bad happening around us these days, we are starting a daily post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like this cam, consider bookmarking this page.)
About Africam
Africam was founded in 1999. We are a passionate group of wildlife enthusiasts who have the collective ambition to protect our wonderful wildlife and the pristine ecosystems that they inhabit.
Our first step is to showcase these animals live and unscripted through our Live channels to TVs, Computers & mobile devices around the world and encourage our community to interact and promote conservation…
(Note from Dinar Recaps - With everything bad happening around us these days, we are starting a daily post, with a glimmer of hope, or distraction for a few minutes. Leave comments below if you have some good ideas for additional posts. If you like this cam, consider bookmarking this page.)
About Africam
Africam was founded in 1999. We are a passionate group of wildlife enthusiasts who have the collective ambition to protect our wonderful wildlife and the pristine ecosystems that they inhabit.
Our first step is to showcase these animals live and unscripted through our Live channels to TVs, Computers & mobile devices around the world and encourage our community to interact and promote conservation…
Here are some still pictures...for more, go to the link on the bottom of the post.
Troupeau d’impalas
Impalas
5 Key Lessons Learned in 25 Years of Retirement Planning
.5 Key Lessons Learned in 25 Years of Retirement Planning
Smart Insights From Professional Advisers
By Nino Pavan, Investment Adviser, CFP | Financial Designs July 5, 2019
After witnessing the accomplishments that retirement savers have achieved, and the mistakes they've made, a few helpful truths become clear.
Like most financial advisers, I’ve spent (and still spend) a good share of my time building on the technical knowledge I need to do my job. The financial industry is always changing, and it’s important to stay on top of new theories, trends and tools.
But after 25 years of working with retirees and pre-retirees, I’ve learned that experience — and a lot of listening — can be every bit as valuable. It helps me to ask the right questions, keep an eye out for potential red flags, and to understand (as well as predict) certain emotions and behaviors.
Helping clients plan for a successful retirement means sharing the lessons I’ve learned during that time. Here are five lessons that stand out:
Don’t Underestimate How Much Income You’ll Need In Retirement
5 Key Lessons Learned in 25 Years of Retirement Planning
Smart Insights From Professional Advisers
By Nino Pavan, Investment Adviser, CFP | Financial Designs 7-5-19
Posted in Dinar Recaps Archives on 7/9/2019
After witnessing the accomplishments that retirement savers have achieved, and the mistakes they've made, a few helpful truths become clear.
Like most financial advisers, I’ve spent (and still spend) a good share of my time building on the technical knowledge I need to do my job. The financial industry is always changing, and it’s important to stay on top of new theories, trends and tools.
But after 25 years of working with retirees and pre-retirees, I’ve learned that experience — and a lot of listening — can be every bit as valuable. It helps me to ask the right questions, keep an eye out for potential red flags, and to understand (as well as predict) certain emotions and behaviors.
Helping clients plan for a successful retirement means sharing the lessons I’ve learned during that time. Here are five lessons that stand out:
Don’t Underestimate How Much Income You’ll Need In Retirement
It’s amazing how many people who are in their 50s and 60s don’t maintain a budget or a good idea of how much they spend each month. I get it — it’s tough to list every expense each day to determine where your money is going. But it is possible to take a simpler, more top-down approach.
Start by looking at your earnings minus taxes each month. Then subtract whatever you’re saving in investment and/or savings accounts, or even in a shoebox under the bed. The end result is what you’re spending.
It’s easy to overlook costs that come directly out of your monthly paycheck right now, including health and life insurance or other bills on autopay. And many people don’t count the money they’re giving to their kids, grandkids, church or charities.
Other expenses can just slip by, such as lunches with co-workers or a new pair of shoes. But you’ll likely have similar expenses in retirement — or maybe some new ones if you plan to travel or pursue a hobby. Building a reliable replacement “paycheck” is critical to retirement success, and the planning starts with knowing what you’re spending.
Consider Dipping A Toe Into The Retirement Waters Instead Of Diving In Headfirst
To continue reading, please go to the original article here:
Corona Panic Part 2
Corona Panic Part 2
Mar 12, 2020 by Morgan Housel
Lots of things now seem obvious in hindsight. It’s so easy to kick yourself. Just remember that the problem with looking back at history is that you know how the story unfolds, and it’s impossible to un-remember what you know today when thinking about the past.
The reason things seem obvious in hindsight is because the world changed in the last week. And you can’t blame your week-ago self for not knowing how it would change.
Uncertainty shrinks your field of vision at the worst time. When the world changes in a 24-hour period it becomes hard to think more than 24 hours ahead. The year ahead is impossible to envision when assumptions you had at breakfastime were destroyed by dinnertime.
The irony is that long-term thinking is most powerful when everything is falling apart. The majority of long-term results are determined by decisions made during a minority of times, and right now is one of those times. It’s a tragic moment to become short-sighted.
It’s hard to know how you’ll respond to risk. If you asked investors two months ago what they’d think of a 25% market decline, most would say, “Ooo, bargains. I’d love that!”
But it’s easier to say it then than to do it now because two months ago you couldn’t contextualize things like your family’s health in jeopardy, or the potential that this could hurt your job security. Quoting Warren Buffett during a bull market is easier than being brave in the face of real-time worry.
Relative values are hard to deal with. The stock market today is still higher than it was in December 2018. It’s higher than it was in late 2017, when smart people were flabbergasted at how high it was.
But no one can say, “You should therefore still feel rich today.” That’s not how the world works, whether it’s rational or not. People judge their wellbeing relative to others around them, and relative to how they themselves have done in the past.
It’s OK to admit that we’ll get through this and that this is a big deal. Those are not mutually exclusive. It’s tempting to want to put yourself in one of two camps: pure panic, or pure optimism. The grey area feels uncommitted, which is hard to distinguish from unaware. But it’s probably the most reasonable position.
To continue reading, please go to the original article here:
https://www.collaborativefund.com/blog/corona-panic-part-ii/
"Different Paths to the Same Finish Line"
.Dinarville Seems To Have Some Undeniable Divisions In It – Which Kind Of Reminds Me Of The Three Sects In Iraq
Dinarville seems to have some undeniable divisions in it – which kind of reminds me of the three sects in Iraq.
Each one sure of their path and beliefs, and ‘they’ are right – or somehow more correct than the other two.
It seems to me, there are those that follow the Elders, Dragons, Chinese – Landa Global (zap) – bonds and their redemptions….
Then those that are following global economics, implosion, crash, the changes internationally in banking, old system out while new system comes in….
We have the republic folks, believing in our constitution being restored to the way it should have remained before we were all duped…
"Different Paths to the Same Finish Line"
From the Recaps Archives originally posted on 6/21/2019
Dinarville Seems To Have Some Undeniable Divisions In It – Which Kind Of Reminds Me Of The Three Sects In Iraq
Dinarville seems to have some undeniable divisions in it – which kind of reminds me of the three sects in Iraq.
Each one sure of their path and beliefs, and ‘they’ are right – or somehow more correct than the other two.
It seems to me, there are those that follow the Elders, Dragons, Chinese – Landa Global (zap) – bonds and their redemptions….
Then those that are following global economics, implosion, crash, the changes internationally in banking, old system out while new system comes in….
We have the republic folks, believing in our constitution being restored to the way it should have remained before we were all duped…
And we have the Iraq newshounds, following each move made there, each step of each law, watching them follow a well laid out blueprint and many of these folks know more about THEIR government than they do their OWN!
Many of these groups claiming this all 'has nothing to do with the other!'
Unfortunately, it’s sad when each of these sects in dinarville speak so terribly of the others – and develop such venom towards another's beliefs, one guru against another, and dinarians follow that lead.…. I say – BIG DEAL! Who cares..
It’s not all that important what the rest of the gang thinks, or believes – they have waited just as long as the rest, sweated, hurt, and tried their best to hang in there based on what they believe.
All that's important is that YOU are comfortable with what YOU believe - that's all that matters at the end of the day, that we're ready.
Each one - of these sections of Dinarville – also seems to have a few leaders in their arena to choose from.. some which make a living at this, others that don’t.. again – who cares what they get.
Anyone noticed how extremely well respected and highly educated individuals believe directly opposite from the way you do?? doctors, lawyers, doctorate degrees in dinarville -
I think they can be found on each of these 'paths'....
I just find it extremely ironic – that each one of these different avenues seem to be reaching an end and in their final scene. Anyone else notice this?
The Republic folks are all giddy with excitement, the last leg, seeing what they have dreamed of finally coming to an end, etc….
The Bond Redemptions – are reported to be upon us for those that have lived the Chinese angle with every breath and dollar they have…
And Iraq is about to vote on their final laws, talking everyday about deleting zeros and international compliance of this, that, and more!
Is there only one road to the finish line? Who said so?…
Could there be truths in each path? Ha!!
I think it’s mighty amazing tho – that all of these paths seem to be in the final scene, right now – and never has that been the case in the past that I know of.
Goes back to the ‘we are one big Dinarian family’ – heck, families never get along with EVERYONE in their family – but it’s so darn true… and, over the last year or so – I’ve certainly become less judgmental when others have beliefs total opposite to mine…
Chances are – they will arrive at that finish line following their path precisely the same time as me!
.Does Money Buy Happiness?
Does Money Buy Happiness?
Britain’s Most Eccentric Billionaire Reveals the Truth
October 22, 2018 By The Money Wizard
If you’re from the United Kingdom, you’ve no doubt heard of today’s guest.
If you’re an apple pie eatin’ American across the pond like myself, you’re probably just as confused as I was. Well, let me tell you, you’re in for treat.
Our guest is worth an estimated $750 million British pounds, which translates to about $965 million US dollars and places him close enough to a billion to allow me to fib on this article’s headline, mostly guilt free.
He began his path to wealth exactly like you’d expect… as a broke singer in an R&B group, selling magazines on street corners.
.From Dinar Recaps Archives posted on 6/25/2019
Does Money Buy Happiness?
Britain’s Most Eccentric Billionaire Reveals the Truth
October 22, 2018 By The Money Wizard
If you’re from the United Kingdom, you’ve no doubt heard of today’s guest.
If you’re an apple pie eatin’ American across the pond like myself, you’re probably just as confused as I was. Well, let me tell you, you’re in for treat.
Our guest is worth an estimated $750 million British pounds, which translates to about $965 million US dollars and places him close enough to a billion to allow me to fib on this article’s headline, mostly guilt free.
He began his path to wealth exactly like you’d expect… as a broke singer in an R&B group, selling magazines on street corners.
Ok, probably not the most common road to riches. But his weird side hustle led to a light bulb moment he couldn’t ignore. He had an unbelievable talent for selling magazines.
Before long, he’d founded his own magazine company, but still strapped for cash, he moonlighted as an unqualified biographer. He took the jobs nobody else was interested in – like a biography about a still relatively unknown martial artist named Bruce Lee.
When Bruce Lee’s unexpected death randomly coincided with the release of the biography, our guest found himself as the world’s premier Bruce Lee expert overnight. Not to mention, the proud owner of the rights to the world’s only Bruce Lee biography. He made a fortune.
How’s that for the most random story to riches ever?
From there, he used his windfall to build up a publishing empire which now includes Maxim, The Week, Men’s Fitness, and a host of massive online properties, like MentalFloss.com.
His name is Felix Dennis.
And he’s one of the world’s most eccentric multi-millionaires.
is wealth is just one reason for his fame. He also gained notoriety when he admitted that during one particular binge filled decade, he spent over $100 million dollars on a frequent mix of 12 high priced escorts at a time and cocaine “delivered by the bucketload.” (His words)
Oh, and in one especially bizarre drunken interview, he me may or may not have admitted to killing a man.
All this makes him sound like a bit of a scumbag. But the Brits assure me he’s more like the country’s lovable (and rich) drunk uncle.
To continue reading, please go to the original article at
https://mymoneywizard.com/does-money-buy-happiness-felix-dennis/
News, Rumors and Opinions Wednesday Morning 3-25-2020
It's happening, dear friends!
https://www.stuff.co.nz/national/health/coronavirus/120548086/coronavirus-finance-minister-considers-universal-basic-income-to-ward-off-economic-peril
Also, check out this tweet from Lisa Mei Crowley. Q has referenced 'Done in 30'. It will be 30 days from when the National Emergency was declared on 13th March to the date 12th April. Hmmm...
https://twitter.com/LisaMei62/status/1242578860992073729
POTUS: "It's a beautiful timeline. It was based on a certain number of weeks from the time we started."
POTUS declared a National Emergency on 13 March.https://t.co/sOQdPH12cR
Easter Sunday is 12 April (30 days later).
"How GESARA is Introduced into NZ" by Sierra (NZ) - 3.24.20
Entry Submitted by Sierra (NZ) at 8:23 PM EDT on March 24, 2020
It's happening, dear friends!
https://www.stuff.co.nz/national/health/coronavirus/120548086/coronavirus-finance-minister-considers-universal-basic-income-to-ward-off-economic-peril
Also, check out this tweet from Lisa Mei Crowley. Q has referenced 'Done in 30'. It will be 30 days from when the National Emergency was declared on 13th March to the date 12th April. Hmmm...
https://twitter.com/LisaMei62/status/1242578860992073729
POTUS: "It's a beautiful timeline. It was based on a certain number of weeks from the time we started."
POTUS declared a National Emergency on 13 March.https://t.co/sOQdPH12cR
Easter Sunday is 12 April (30 days later).
Q: "Done in 30". pic.twitter.com/DEIzH5QOAT
— Lisa Mei Crowley 🐸 (@LisaMei62) March 24, 2020
Q often says, 'Future proves past'. These proofs are coming in very fast now. One might even describe the incoming rush of proofs as a tsunami or avalanche. Tee hee.
Where We Go One We Go All.
Love and Light
Sierra (NZ)
https://inteldinarchronicles.blogspot.com/2020/03/how-gesara-is-introduced-into-nz-by.html
Canada: A Universal Basic Income could Help Counter COVID-19’s Economic Damage
March 24, 2020 by Steve Beckow
Prime Minister Justin Trudeau speaks to the media during a news conference outside Rideau Cottage in Ottawa on March 18, outlining the federal government’s response to the COVID-19 and the economic turmoil the virus is creating. (Adrian Wyld/The Canadian Press)
A universal basic income could help counter COVID-19’s economic damage
If we’re considering radical and fast action in medical terms, we should also consider it in economic terms
Tim Ford, CBC News Opinion, Mar 22, 2020
“Be fast and have no regrets.”
That was the defining quote from the March 13 COVID-19 briefing at the World Health Organization, spoken by Dr. Michael Ryan, the World Health Organization (WHO) executive director of health emergencies. “Speed trumps perfection,” he added. “The greatest error is not to move.”
It’s a piece of advice that is worthy of consideration not just in the health policies Canada is putting forward to combat the effects of coronavirus, but in economic policy as well.
If we are to consider radical and fast action in medical terms, we should also consider radical and fast action in economic terms: a Universal Basic Income (UBI).
The basic idea behind UBI is exactly what it says on the tin: regular, government-funded cash payments for citizens, with either no restrictions or minimal requirements on who can access it.
We’ve recently seen Basic Income programs for segments of the population, like with Ontario’s 2018 Basic Income project for 4,000 low- or no-income individuals, but UBI would, in theory, be cash payments for all.
Trudeau announces $82 billion COVID-19 aid package
Prime Minister Justin Trudeau has announced an $83 billion response package for Canadians and businesses to cope with the COVID-19 pandemic, including wage subsidies and income supports. 2:17
UBI has been a topic of debate for years in Canada, but if there was ever a crisis that showed its benefits, it is the impact of COVID-19 as people find themselves out of work and wondering how they’ll pay their bills.
In a 2019 Gallup poll of 10,000 Canadians, 75 per cent of us already favoured a UBI for people who lose their jobs to artificial intelligence. And in a 2016 Angus Reid survey on UBI, 67 per cent of respondents expressed support for a guaranteed income of $30,000 a year per adult.
What gives many pause is the thought of paying higher taxes to support a universal basic income, and that it might remove the incentive for people to work and maintain high productivity.
In that same Gallup poll, only 49 per cent of respondents said they would support increasing their taxes to pay for UBI. In the Angus Reid poll, 63 per cent of respondents agreed with the statement that “guaranteed income programs discourage people from working.”
With regards to cost, a 2018 Parliamentary Budget Office report found that a national UBI plan modelled on the then-Liberal government of Ontario’s proposed plan would cost approximately $76 billion annually. With a reduction in government-funded programs that currently replicate benefits covered by UBI, such as employment insurance and subsidized housing, the cost would actually end up closer to $43 billion.
This lesser number also doesn’t factor in two other major savings. Firstly, that key costs to government directly related to poverty would be reduced or eliminated, including health care and social assistance costs. And secondly, that the newfound purchasing power of vulnerable people would feed back into government revenues and create economic stimulus.
Meanwhile, a 2017 report on inequities in health care and basic incomes points to a made-in-Canada UBI, the 1970s Manitoba Mincome experiment, as proof of a dramatic health care savings of 8.5 per cent. Consider that statistic in the lens of coronavirus, as we voluntarily self-isolate, quarantine, and prohibit gatherings, all in the interest of reducing the burden on our health system.
What the federal COVID-19 aid package will mean for small businesses
Now consider the latter complaint: that UBI would make us complacent, lazy workers.
There’s not yet any hard data on unemployment stemming from coronavirus, but it’s not unreasonable to say there are considerable numbers of people who are not working right now, and more will likely join them. In this type of environment, UBI would be at worst a lateral move, and at its best would save people from falling through the social safety net and dragging at an economic recovery.
With governments already backpedalling on promises to slash health care, it’s readily apparent that the key to harm reduction is in fact an expansion of the government safety net, not a reduction.
The Trudeau government’s $82-billion relief plan, which was announced on March 18, is a step in the right direction. However, it leans heavily on tax deferrals and credits, and as such fails to reach the end-goal of reducing burdens on the system during a crisis rather than after.
UBI as a safety net would be a proactive measure, instead of a reactive one. When we compare costs of $43-billion (or less, when the economic benefits are tallied) annually vs. one-time injections of $82-billion, it becomes all the more apparent that we can make this work.
It’s impossible to say with any certainty if an existing UBI would have completely solved the current problems of our most economically vulnerable, but it is possible to say it would likely have meant less social and economic harm than what is now being experienced due to coronavirus.
Fast introduction of a UBI could help Canadian society weather this crisis. No single policy is perfection, but just as the WHO’s good doctor Ryan said, when it comes to crisis situations, speed trumps perfection
https://www.cbc.ca/news/opinion/opinion-universal-basic-income-1.5501938
Courtesy of Dinar Guru
Footforward ...people are mad because the RV hasn't happened yet. Don't be shaken! Look at all the signs that are happening!!!
Pimpy I think once this coronavirus starts to subside a little bit you're gonna see some very very very quick actions. A lot of movement in Iraq. I really think they cannot continue to exist this way without a rate change. Whether they get to reinstate at $3.22 or whether I'm right and it's gonna be somewhere around $1.34...
************
Congress Closes In on a $2 Trillion Coronavirus Deal
Yuval Rosenberg The Fiscal Times March 24, 2020
Congressional negotiators and the Trump administration are nearing a bipartisan agreement on a massive coronavirus relief bill totaling nearly $2 trillion — a spending package that would be far and away the largest in U.S. history. Lawmakers were reportedly reviewing legislative language, with Senate Minority Leader Chuck Schumer and Treasury Secretary Steven Mnuchin expected to announce the deal as soon as Tuesday evening ahead of a Senate vote that could be held within hours.
“The Senate bill would direct payments of $1,200 to most American adults and $500 to most children, create a $500 billion lending program for companies, states, and cities, and extend another $367 billion to help small companies deal with payroll problems,” The Washington Post reports. “It would bolster the unemployment insurance system, and pump $150 billion into U.S. hospitals. The bill more than doubled in size in just a few days, amounting to the largest emergency stimulus package in American history.”
Schumer said that Democrats had secured large increases in funding for hospitals as well as an unemployment insurance provision that would have the federal government cover up to four months of full salaries for furloughed workers, who could continue to get health benefits from employers.
Some differences reportedly remain, though, and the situation remains fluid. House Speaker Nancy Pelosi told members of her party in an afternoon conference call that she was still holding out for a 15% increase in food stamp benefits and more comprehensive insurance coverage for testing, according to Roll Call. Pelosi reportedly indicated that Democrats were also pushing for more money to help employer pension plans avoid insolvency in the coming years. Other last-minute issues could also delay a deal.
In the end, under Tuesday’s agreement, the $500 billion program will reportedly include an inspector general confirmed by the Senate and an oversight committee, similar to the structure of the Troubled Asset Relief Program created during the financial crisis.
High hopes for help: Stocks surged on hopes of a deal, with the Dow Jones Industrial Average soaring more than 11%, its biggest one-day jump since 1933. But it’s still not clear just how effective the unprecedented infusion of federal cash will be at stemming the rapidly developing public health and economic crisis — or how much more federal help will be needed.
What’s next: If the Senate votes on the stimulus bill Tuesday night,(They did) the House could potentially approve the package by unanimous consent, a process that would allow for speedy passage and let House members stay away from Capitol Hill. But a single objection from any of the 435 House members would require lawmakers to come back for a floor vote. Either way, Congress is likely to have to take up one or more additional coronavirus-related economic packages.
We’ll have more details on the stimulus bill on Wednesday.
https://finance.yahoo.com/news/congress-closes-2-trillion-coronavirus-223640845.html
Gratitude is More Than Attitude
.Gratitude is More Than Attitude
By Lisa White
Gratitude…it’s one of the words that we use over and over to express our appreciation for what we have in our lives whether it’s tangible or intangible. We are taught to have an “attitude of gratitude” as a way of good living.
To be seen as not grateful is to be seen as selfish and greedy. Feeling gratitude makes us happy! It sends positive energy into the world. Who wouldn’t want to be in an “attitude of gratitude”?
But, what if gratitude was more than just an attitude? What if gratitude was just the beginning of a mindset of living gratefully?
It’s one thing to express gratitude. It’s another to “live” gratitude.
Gratitude is More Than Attitude
Posted from Dinar Recaps Archives on 12/25/2018
Gratitude is More Than Attitude
By Lisa White
Gratitude…it’s one of the words that we use over and over to express our appreciation for what we have in our lives whether it’s tangible or intangible. We are taught to have an “attitude of gratitude” as a way of good living.
To be seen as not grateful is to be seen as selfish and greedy. Feeling gratitude makes us happy! It sends positive energy into the world. Who wouldn’t want to be in an “attitude of gratitude”?
But, what if gratitude was more than just an attitude? What if gratitude was just the beginning of a mindset of living gratefully?
It’s one thing to express gratitude. It’s another to “live” gratitude.
What does living in gratitude mean?
Well, to me, living in true gratitude is a constant mindset of being grateful and then showing through our actions that we are willing to nurture, protect and be stewards of that for which we are grateful.
Gratitude means nothing if we express thanks one minute and then turn around and damage, hurt or ruin what we’ve been given.
Being grateful means taking actions and changing behaviors to live the “promise of our thanks”.
What does that look like? Well, ask yourself these questions.
If you are grateful for your friends and family, what actions do you take on a daily basis to not judge or criticize? Do you let bygones be bygones? Do you still have expectations about the way they “should” be?
If you are grateful for the air we breathe, then what do you do to make sure that it stays clean? Do you protest the forms of energy that pollute our air? Do you drive everywhere instead of taking public transit, walking or riding a bike when possible?
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5 Lies You’ve Been Told About Generational Wealth
.5 Lies You’ve Been Told About Generational Wealth
By Pavithra Mohan
From TNT -- Ify: This Article explains why RayRen continues to say NOT to gift large monies but to Educate your children, grandchildren... Article on Generational Wealth:
Here’s what you have wrong about people who inherit money.
5 Lies You’ve Been Told About Generational Wealth
The markers of generational wealth are manifold, from the promise of a good education to the security of homeownership. Wealth begets further wealth, but not always through inheritance of assets.
“Much of the transmission of wealth to the next generation goes through these earlier life processes, such as supporting children’s education, supporting their ability to purchase a home, or to get married,” researcher Fabian Pfeffer wrote in a recent study at the University of Michigan. “All of these—education, homeownership, marriage—in turn help you accumulate wealth.”
5 Lies You’ve Been Told About Generational Wealth
By Pavithra Mohan
From the Recaps Archives, originally posted on 7/20/2019
From TNT -- Ify: This Article explains why RayRen continues to say NOT to gift large monies but to Educate your children, grandchildren... Article on Generational Wealth:
Here’s what you have wrong about people who inherit money.
5 Lies You’ve Been Told About Generational Wealth
The markers of generational wealth are manifold, from the promise of a good education to the security of homeownership. Wealth begets further wealth, but not always through inheritance of assets.
“Much of the transmission of wealth to the next generation goes through these earlier life processes, such as supporting children’s education, supporting their ability to purchase a home, or to get married,” researcher Fabian Pfeffer wrote in a recent study at the University of Michigan. “All of these—education, homeownership, marriage—in turn help you accumulate wealth.”
But the extent to which family money helps future generations retain and build on their wealth—or acquire financial literacy—is less marked than you might imagine. Here are some of the commonly held misconceptions about the beneficiaries of generational wealth.
1. Their Wealth Lasts Many Generations
We don’t have to look further than one Donald Trump to see how wealth can trickle down and set up future generations for success. But generational wealth is actually harder to maintain than America’s richest families might lead you to believe: About 70% of wealthy families lose their wealth by the second generation, and 90% do by the following generation.
One reason that happens is the next generation may not be equipped to manage the money they inherit. But it’s also that family wealth can be diluted as it is divided amongst children, especially if each has a different stance on how to invest or manage the family finances. (Think of the family jockeying on Succession.)
Some financial experts even recommend that—not unlike businesses—families come up with a “mission statement” to establish financial values and goals, in an effort to preserve wealth across future generations.
2. Their Parents Talk To Them About Money
You might think parents with money share their financial know-how with their offspring. But that’s not necessarily the case. “Some parents don’t want their kids to feel like they have a huge landing pad or that they may not need to work,” says Emily Green, a financial adviser at Sallie Krawcheck‘s investment platform, Ellevest.
“A lot of times, they don’t talk to them about money at all.” That can mean parents not only don’t disclose how much their kids stand to inherit but also don’t necessarily offer guidance on how they should spend and invest their money.
“I find that a lot of them get to their thirties, forties, maybe even fifties and still don’t really know anything about money,” Green says. Sometimes, even financial advisers make assumptions about people who have money—presuming, for example, that they are well-versed in investing. In truth, the folks who inherit tens of millions of dollars may know less about money, and especially investing, than someone who saved a million dollars.
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