.What to Do When a Friend Owes You Money and Hasn't Paid Up

What to Do When a Friend Owes You Money and Hasn't Paid Up

By Rachel Miller Jan 29 2020

You might decide that getting your cash isn’t worth a big to-do with a close friend… but if it’s an acquaintance who stiffed you, or a lot of money is at stake, that might be an entirely different story.

Conventional wisdom says that you shouldn’t loan money to friends… but anyone who tells you that has clearly never tried to book an AirBnb for eight people who live in different states, or asked a waiter to split a bill five ways. At some point or another, you or your friends will owe each other money.

 Ideally, this will be resolved quickly: you will send a Venmo request, they will accept, life will go on. But of course, that won’t always be the case. In instances where things are more complicated, here’s how to handle it.

Follow up about the money they owe first, assuming good intentions.

If someone has owed you money for two months, it’s easy to get very worked up about what a bad friend they are. But so often, the person has just forgotten about the situation entirely, and would be mortified to know you were stressed about bringing it up to them.

So give them the benefit of the doubt and approach them with an open, neutral tone. If the socially acceptable padding of a few days has gone by when you make this ask, giving them a firm deadline a few days out is a nice thing to do. So you could say, “Hey, I’m not sure if you saw my Venmo request from Monday for the Airbnb, but would you mind accepting that?”

Call out the fact that it’s becoming A Thing.

If you’ve already asked a few times and they’ve definitely not forgotten about it, you don’t need to take them at their word when they swear that they’ll pay you back tomorrow. It’s totally reasonable to ask them what their deal is.

What to say:

“I hate to keep bugging you about this, but I really need to be paid back for the drinks from last month. I’m not sure what’s going on, but can you just Venmo me right now?” (A good option if the conversation is happening in person.)

“Hey, when we talked the other day, you said you’d pay me back on Friday. We’ve been going back and forth about this for weeks now… what’s going on?”

To continue reading, please go to the original article here:

https://www.vice.com/en_us/article/xgqwy7/someone-owes-me-money

.How to Prepare for an Economic Slowdown

How to Prepare for an Economic Slowdown

How to Prepare Your Money for the Coming Economic Slowdown

By Denise Hill on 23 October 2018

 Predicting an economic downturn can seem as mystical and convoluted as reading tea leaves. However, the economic tea-leaf readers — financial experts — are warning that the economic winds are changing.

Even though unemployment is still low, there are other economic indicators causing financial analysts to predict lean financial seasons. First, economic growth has all but stalled.

The rate of wage increase has stagnated. The Constant Maturity Treasury (CMT) rates, which are used to measure and predict future interest rates, economic growth, and output, are near flatlining — and threatening inversion. This means that as the economy continues to slow down, consumer interest rates will rise and investment earnings will lose momentum, possibly even losing money.

Preparing for a recession is similar to preparing for a tropical storm: There's no way to predict just how bad things will get, but burying your head in the sand and hoping for the best is a horrible idea. Here are a few things you can do to stormproof your finances against the coming economic slow down.

Beef Up Your Emergency Fund

The first thing you do when prepping for a storm is prepare your home for the onslaught. People in coastal areas board up windows and surround their homes with sandbags. An emergency fund does the same thing financially. It's the added installation and protection that can assist you when the economy dips.

It can't stop the winds, or prevent the rain, and it may not stave off all damage, but it does provide an added layer of protection. And it provides you a fighting chance to preserve what you've worked so hard to build.

The traditional emergency fund is anywhere from three to six months' worth of daily living expenses — and even larger for people with high expenses, large salaries, or a job that would be difficult to replace. During lean economic times, you want to save more than the standard recommended amount.

Under normal circumstances, the average bout of unemployment lasts roughly three to six months. However, experts believe that number is slowly creeping up and could double in a sluggish economy.

It has been suggested that you plan to be unemployed at least one month per every $10,000 you earn. So if you earn $70,000 a year, you should plan for an unemployment that lasts at least seven months.

 This formula is a great gauge in helping you determine how much you need in your emergency fund. (See also: 7 Easy Ways to Build an Emergency Fund From $0)

Adjust Your Budget And Pay Down Debt

Another thing people do during an impending natural disaster is purchase supplies and nonperishable food items. This ensures that they will have something to eat during a major power outage and food shortage. Adjusting your budget by reducing expenses in preparation for a financial disaster follows the same principal. Even though during a disaster you can't eat steak and lobster, you do still eat. The same is true when money is tight.

To continue reading, please go to the original article here:

https://www.wisebread.com/how-to-prepare-your-money-for-the-coming-economic-slowdown?ref=relatedbox

.How Tariffs Impact Your Finances

How Tariffs Impact Your Finances

Tariffs: What They Are and How They Impact Your Finances

By Tim Lemke on 16 March 2018

President Trump recently announced new tariffs on imports of steel and aluminum, in a move that got mixed reviews from business and political leaders. The new tariffs would increase levies on aluminum by 10 percent and steel by 25 percent.

There is much debate about the sensibility of these tariffs, but rather than wade into that morass, let's examine what tariffs are and how they impact the economy and your investments.

What Is A Tariff?

A tariff is essentially a tax that the government places on imported items. For example, the government may choose to place a tax on foreign cars or imported cotton.

There are tariffs placed on an eye-popping number of products, from building materials and vegetables, to chemicals and even live animals. Tariffs can be imposed on a per-item basis, by weight or size, or by percentage of value.

Tariffs can even vary depending on the country. For example, the U.S. may impose a tariff on shirts made in China, but not in Vietnam. The United States imposes tariffs on imports from many countries, but also has free trade agreements with many nations that allow both parties to import goods without tariffs.

Why Do Tariffs Exist?

The first tariffs in the United States came shortly after the nation ratified the Constitution, and were motivated largely by the government's need for revenue. Tariffs played a big role in funding the government in the days before income taxes.

To continue reading, please go to the original article here:

https://www.wisebread.com/tariffs-what-they-are-and-how-they-impact-your-finances

.Repo Markets in Panic

Repo Markets in Panic

The Final Wake Up Call By Peter B Meyer

The Stage Of Self-Destruction

The Credit Cycle

The Function of the Repo Market

It Is Getting Very Ugly For the Big Banks

Scrambling For Liquidity Scarcity That Cannot Be Resolved

Market Melt-Up and Meltdown

Summary

 The End Of Existing Global Financial Debt-Money System

Reflation is a fiscal or monetary policy, designed to expand a country’s output and curb the effects of deflation. This now is going in reverse, changing in the opposite direction. In fact, debt reflation in the opposite direction is deflation of debt, making the economic situation worse, leading to contraction, propelling the economy into a collapse.

Less debt means less debt-money or credit-money in circulation, which are the same for a better understanding. Therefore, there is less money in circulation, meaning lack of available money. In other words, it is the end of the existing global financial debt-money system.

When a central bank economy is contracting it automatically creates a shortage of new debt, thus available debt-money too. That – and not a lack of any reform is triggering the Repo crisis.

Any financial system based on debt-money, like the current will blow up anyway. No paper-money system has ever survived a full credit cycle, because paper money – is a form of primitive, credit/debt-backed money – without any discipline it is unlimited.

Clearly the Rothschild owned Central Bank and the Deep State mafia are getting scared as they are running out of ammunition. They weren’t able to create WW3 necessary for a reset of this corrupt system.

The fact that the Rothschild controlled Central Bank of Japan, and the ECB in Europe were forced to resort to negative interest rates, proves their fake fiat monies are worth less than nothing. As an unwanted consequence, the US Federal Reserve Board has been forced to do the same thing.

 Reaching a situation; wherein more money has to be put in the banks, although that money is vanishing rapidly – because of the debt deflation – increasing the need for more fresh money, and that is exactly the root of the Repo market crisis, which started in September 2019.

The Stage Of Self-Destruction

For at least the past one hundred-ten-years, the monetary system has been manipulated, bringing the world to its knees through financial engineering that should have been alarming on its own for every well-educated economist. But the majority of economists have been masterfully kept in the dark about the hidden agenda, despite the occasional ringing of bells by people who had gained insight into the deception.

To continue reading, please go to the original article here:

http://finalwakeupcall.info/en/2020/01/29/repo-markets-in-panic/

.Why an Accountant Is Worth the Money

Why an Accountant Is Worth the Money

By Max Wong

 Anyone who is at all familiar with me knows that my yearly earnings put me squarely in the economic category commonly referred to as the Working Poor. So when I mention that I pay $550 a year for an accountant to help me with my finances, people typically give me that sad look that they reserve for mediocre subway violinists and ugly babies.

And then there's the thick pause in the conversation when the other person decides against asking this question out loud: Um, don't you write about personal finance?

In answer to the silent, questioning looks, and in defense of my financial decisions, there are so many reasons why my accountant is worth the money.

1. An Accountant Is Cheaper Than Therapy

Oh my God. What if I forget something?

I would rather get oral surgery than do my own taxes. My financial life is complicated. I own a rental property. I run two separate businesses out of my home. I got 1099 forms from five different companies last year. I have a grant. I go to school part time. There are so many moving pieces in my life that just organizing my paperwork in preparation for my tax meeting with my accountant stresses me out.

As a reasonably organized person who spends a lot of time thinking about personal finance, I'm in that dicey position of knowing enough to get myself into trouble, but not enough to get myself out. I would rather pay and be sure that my finances are in order than spend hours filing my own taxes and still feel dread.

Additionally, my accountant is available to answer my financial questions all year long. While some accountants bill by the hour, my accountant rolls my calls about health care costs and asset depreciation into that yearly $550 flat fee.

2. They Can Save You Time (and Time Is Money)

I do my taxes once a year. My accountant does taxes all year long and all the livelong day. Guess who's better at doing taxes?

My accountant is a virtuoso with a calculator. She can hit the keys with the speed and precision of a concert pianist. Doing your own taxes isn't rocket science. That said, my father-in-law is actually a rocket scientist and even he uses an accountant! Why? Because it's cheaper for him to outsource his tax chores to a professional, so he can use the time he saves to make money doing something he enjoys.

To continue reading, please go to the original article here:

https://www.wisebread.com/14-reasons-why-an-accountant-is-worth-the-money?ref=seealso

.Here's Where to Keep Your Cash

Interest Rates Are Rising: Here's Where to Keep Your Cash

By Philip Brewer

These past 10 years, interest rates have been so low it just about didn't matter what you did with your cash. There was a certain convenience to that — you didn't have to move money back and forth between checking and higher-rate accounts, because they paid almost the same.

As a bonus, you didn't have to track money market returns to be sure the rate your account paid was still competitive, because they all paid just a fraction over 0 percent.

That has changed. The Fed has already started raising interest rates, and will probably raise rates another three-quarters of a percentage point this year. 

Already, rates are high enough that it makes a difference where you hold your cash, and that difference is starting to get significant. (See also: How to Benefit From Rising Interest Rates)

Let's take a look at where you should be holding your money, as well as a few reasons why you need cash on hand.

What Cash To Hold

There are four main reasons to hold cash: liquidity balances, planned expenses, temporary holdings, and an emergency fund. The size of your temporary holdings may vary quite a bit from time to time, but the others have pretty specific parameters that it's worth being clear about.

Liquidity Balances

Your income arrives in chunks that don't precisely match the due dates of your bills. Liquidity balances are the cash you keep on hand to smooth that out, so that you can pay each bill when it's due. Sizing the cash demands of your liquidity balances is easy: It's the total of all the bills that might come due between income payments. Once you know this amount, you can set it aside for when you need it.

Planned Expenses

To continue reading, please go to the original article here:

https://www.wisebread.com/interest-rates-are-rising-heres-where-to-keep-your-cash?ref=seealso

.Don't Make These 6 Dumb Mistakes With Your Windfall

Stop! Don't Make These 6 Dumb Mistakes With Your Financial Windfall

By Kentin Waits  February 3, 2015

Maybe your lottery numbers finally came in. Maybe a favorite aunt remembered you in her will. Heck, maybe one day while you were shootin' at some food, up through the ground came bubblin' crude — oil that is! Texas tea! (See also: 50 Smart Things to Do With Your Tax Refund)

Whatever the source, you're the lucky beneficiary of a financial windfall. Revel in it and protect your new-found wealth by avoiding these six dumb moves.

1. Act Impulsively

Receiving money unexpectedly is exciting, and it can send even normally down-to-earth folks straight into the stratosphere. In those dizzying weeks and months following a financial windfall, we're really not ourselves, so making big decisions during that time is usually a terrible idea.

Instead of spending or investing immediately, take a time out. Collect yourself. Adjust to your new wealth for six months or a year and just let the cash sit in a money market account or CD. Remember, high emotion and sound decision-making usually don't mix.

2. Buy a New Car

Even if you're paying cash, there are many reasons to avoid buying a new car. Not only is it the most cliché thing you can do with a windfall, but it's also one of the quickest ways to lose roughly 25% on every dollar you spend.

The minute you sign the paperwork and drive off the lot, that new car becomes used. Depreciation takes a quick and silent bite out of your new ride. Let someone else absorb that financial hit; buy a pre-owned late-model car that's still under warranty.

3. Loan Money to Friends and Family

Making loans to friends and family is a sure way to take the wind out of your financial windfall. Loans have a curious way of never getting repaid, and once your bank balance dwindles, hard feelings can set in and slowly erode relationships.

If a loan is unavoidable, find out how to increase your chances of repayment without sacrificing the relationship. Better yet, if someone dear to you truly needs a hand up, simply make a one time cash gift with no repayment expectations.

To continue reading, please go to the original article here:

https://www.wisebread.com/stop-dont-make-these-6-dumb-mistakes-with-your-financial-windfall?ref=seealso

.What to Do With a Windfall

What to Do With a Windfall

By Emily Guy Birken  January 13.2020

Theoretically, a sudden windfall should reduce your financial worries. Who doesn't appreciate getting suddenly richer?

However, making good decisions with a large infusion of cash can feel overwhelming, especially if your windfall comes about because of something negative. For instance, when I received a life insurance payout after my father passed away in 2013, the money was both emotionally charged and stress-inducing, and I was terrified of making a misstep.

If you've received a windfall, taking your time and making intentional decisions about the money will serve you better in the long run. Here's how you can do that.

Take A Break Before Making Any Decisions

No matter how you received your newfound wealth, you're likely to have a number of strong emotions associated with the event. And we all know that emotions and rational decisions can struggle to coexist. That's why it's a good idea to take a little time before you make any decisions whatsoever with your new money.

If the money came to you because of a negative situation, such as a death in the family, the end of a lawsuit, or the sale of a beloved business, your emotions will inevitably color your view of the money. 

I personally found that I wanted Dad's insurance money to no longer be in my hands, because having it was a reminder of my loss.

Even if you have positive associations with the money (after a lucky weekend in Vegas or a surprise profit-sharing bonus from work), those fuzzy feelings may prompt you to make risky decisions to keep the good vibes coming. Letting some time pass between receiving your windfall and deciding what to do with it can help you view the money more dispassionately so you can make the best possible decisions with it.

So how long should you pause before deciding what to do? Depending on the size of the windfall, you might want to wait as long as six months (or longer) before making any decisions. This will give you time to process your emotions so that you're psychologically ready to make these big choices.

Put It Someplace Safe

What you do with your money while you wait to make the big decisions depends partially on where your windfall came from. Life insurance benefits and other inheritance money can sometimes stay safely in the same account you'll be paid from.

In these cases, it's common that your money will even earn some interest while it stays put. Simply keeping the money in place can be a good way to give yourself the emotional breathing room you need without worrying about making a preliminary decision.

To continue reading, please go to the original article here:

https://www.wisebread.com/what-to-do-with-a-windfall

.One Decision Separates the Wealthy From the Non-Wealthy

One Decision Separates the Wealthy From the Non-Wealthy

“Courage can be developed. But it cannot be nurtured in an environment that eliminates all risks, all difficulty, all dangers. It takes considerable courage to work in an environment in which one is compensated according to one’s performance. Most affluent people have courage. What evidence supports this statement? Most affluent people in America are either business owners or employees who are paid on an incentive basis.”   — Dr. Thomas Stanley

The problem with most people’s lives is that they are being shielded from the consequences of their behavior. There’s little to no accountability.

The fastest way to make success inevitable in your life is to only do work that is incentive-based. Only do that which you are rewarded and punished for the quality of your work. Everything you do needs to matter to the outcomes, consequences, and results you get in life.

So what is the decision?

The decision is to take complete ownership of every decision in your life. And how you do that is by only doing things in which you are compensated based on performance.

This goes completely against the norms in society. It goes against public education — which shields people from progressing at their own rates. It goes against most job structures, wherein a person is paid an hourly rate or salary.

If you want to make dramatic strides forward, you must only work in environments where the consequences of your actions are immediate and REAL. You need to be demanded by your situation to come up with a result.

This article will show you how:

Are You A Part Of The “Results Economy”?

Founder of the exclusive entrepreneurial coaching platform, Strategic Coach, Dan Sullivan distinguishes between those who are in the “Time-and-Effort Economy” with those who are in the “Results Economy.”

If you’re in the time and effort economy, you are focused on being busy. You actually believe the amount of time and energy you put into something merits praise. Those who are focused on being “busy” are protected in some way from the consequences of their actions. 

To continue reading, please go to the original article here:

 https://benjaminhardy.com/one-decision-separates-the-wealthy-from-the-non-wealthy/

.Want To Become A Multi-Millionaire?.

Want To Become A Multi-Millionaire? Do These 15 Things Immediately.

By Benjamin Hardy

“The greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire.”  — Jim Rohn

Most people wish their circumstances would magically change for them. They don’t have the desire to become better themselves so they can proactively improve their own circumstances.

Unlike most people, who simply wait and wish for luck, you can seek to become the kind of person equipped with the skills and abilities to do brilliant things.

You can become the kind of person who does highly influential work. Your work can solve pressing problems, improve people’s lives, and get noticed by important people who share your work not for your sake, but for theirs! Sharing your work makes them look good because of how great it is.

The quality of who you are as a person, and the work you do, is completely within your control. But you can’t wish for it to happen. You must become the kind of person who naturally attracts the success you seek.

Here’s how:

1. Invest At Least 10% Of Your Income In Yourself

If you don’t pay for something, you rarely pay attention.

Most people want stuff that’s free. But if you get something for free, you rarely prize that thing. You rarely take it seriously.

How much do you invest in yourself?

How committed are you to yourself?

If you aren’t investing in yourself, then you don’t have any skin in the game of your own life.

If you aren’t invested in your business, you probably won’t do high-quality work.

If you’re not invested in your relationships, you’re probably more focused on what you can get than what you can give.

When it comes to self-improvement, investing 10% of your income on yourself will yield a 100X or more return on that investment. For every dollar you spend on your education, skills, and relationships, you’ll get at least 100 dollars back in returns.

If you want to do something extremely well, you need to surround yourself with the right mentors. Anything that you’ll ever do well will be the result of high quality mentoring. If you suck at something, it’s because you haven’t received quality mentoring in that thing.

To continue reading, please go to the original article here:

https://benjaminhardy.com/want-to-become-a-multi-millionaire-do-these-15-things-immediately/

.Family Planning

Family Planning 

By Muhammad Ali

 Family Planning is one of those things that can either make you or break you.

Follow along with me and I will explain more about what I mean.

The following is a true story, only the names have been changed to protect the innocence...hehehee

 Hello Muhammad,

My husband and I have been holding Dinar for 3 years.  We have discussed many times and formed a list of recipients that we will gift once the blessed day arrives.  Believe it or not, our list totalled 29 people.

We didn't think for a second how this would affect our own personal balance, well that was until we got your CEP.  Once we started entering our Family gifting amounts we realized that if we had pursued with our original plan to help all of our friends and families it would have left us in the gray."

Alright, there were no names to change, but I've always wanted to use that statement in an article.  Luckily my Currency Exchange Planner was able to come to their aid and help them in their planning.

Regardless of what country you reside, we all have someone we want to help after RV, whether it be a charity, our community, friends, families, neighbours, there is someone that is on our mind to help.

The question sometimes comes to our mind, is helping them by gifting them a certain amount of money the right thing to do.  Are we teaching them to fish or are we giving them a fish, and does that allow them to feed themselves for the day or for a lifetime?  This is a very interesting question.

For the couple above that emailed me, I wonder what would have happened if they did not use my planner and once RV helped all those 29 people.  Those people would have been happy with the extra money, whilst our couple would have been severely handicapped on their bank account. 

I always like to play 'what if' scenarios and what if the odds of half of those people blew their gifted money they received within a few months.  We already know that with Sudden Wealth Syndrome 80% of people lose their wealth in a short time frame. 

So, I would say the chances are pretty good that at least half will lose the money, and once that happens, again the odds tell me that they will go back to the couple to ask for more money.  So what do you think will happen when the couple says to them, we are sorry but our money is finished too? 

Do you think the people who received the gifted money would go back home content, or can you see heated arguments taking place?

I am not saying that it's not good to give, giving has many merits both in this life and the hereafter, and there is a great joy in giving to others, but what I am telling you is too think carefully on how much you give and to whom you give and how you give it.   So this is the purpose of this article. 

I would like to share some ideas that can safe guard your currency investments while at the same time safe guarding your own privacy and security.

There are times in our lives, though, when we do not want recognition for giving. And while public recognition should never be the driving force behind any of our giving, there are times when we do not want any recognition at all.  Possibly it is for safety’s sake, but usually it is because we simply want to bless someone with nothing in return.  A very good way to achieve this is to give anonymously.

Anonymous giving is a high level of charity, because it gives the gift without causing any friction on the other person or organization to feel as if they have to return the favour to you.  You simply bless a person, organization, or cause and then watch them use that money or gift from afar.

One way to give anonymously is to create an alter-ego and even an email address it you plan to give online.  As strange as that sounds, it works.  I've already created mine, his name is Seymour Good. 

Those who are subscribers to my website will recognize that name from my weekly newsletters.  Seymour Good was a name that first appeared in the 1983 TV comedy movie 'Found Movie' starting Dick Van Dyke and Sid Caesar.  That was nearly 40 years ago and it has been in my head ever since. 

 If you haven't got it yet, let me help you, 'Seymour Good' is 'See More Good'.  Nice!  And you are most certainly welcome to use the same name, we certainly need more Seymour Good Foundations out there.  So now you have your alter-ego, now you just have to figure out how to use it to give anonymously.

Bob Lotich has some pretty good suggestions on how you can give anonymously.  So I will let him share his ideas. How To Give Money Anonymously (4 ways) One of my favorite things is to give money anonymously. In this video, I'm sharing with you: How To Give Anonymously.

Now the other thing to take note with gifting to friends and families is the Gift Tax.  For American citizens and for 2020, it's still set to $15,000 USD.  This is something that people may have not factored in their gifting plans.  For example, let's say you gave $100,000 to your Uncle Henry. 

Of course he'd be very happy and settle his debts, but come around Tax time he finds out that from the $100k, he is liable for taxes on $85,000.  Wow, that's a bummer something that neither he nor you factored.  So then it turns out your gift to Uncle Henry cost him 30,000 or so in taxes, but now he's already spent the money on clearing his debts and doesn't have the money to cover the taxes. 

So what's he going to do?  Yes, most likely come back to see you for help.  So that $100,000 gift may in fact turn out to be $130,000.  So you can imagine if you're gifting a dozen or more of your family members with amounts in excess of $15,000, the tax implications.   This could be another factor in the Sudden Wealth Syndrome that people have over looked.

It's fine to make your lists and gift amounts, but once RV and you’ve form your Team, which will include a CPA, run thru your gifting list with him/her and get professional advice before you begin the actual gifting. 

The last thing you want to do is indirectly create family disputes and arguments based on your initial intention to be generous, all because of Income Tax.  Your CPA might give you suggestions and ways to work around the tax rules.  Remember, the tax laws and rules will be different in every country so you'll need to do your own research and investigations to keep yourself and your family members receiving the gift in the clear.

Always remember, there is more than one way to gift.

Another way to gift someone is to pay directly for medical, dental and tuition expenses. You can pay for tuition, dental and medical expenses of anyone you want. Note that you must make the payments directly to the providers of those services – you can’t just reimburse the person whom you want to benefit.

This chance to pay for medical and dental expenses, often overlooked, can be enormously useful. For example, if someone you know is temporarily out of work and loses health insurance coverage, you could pay the premium for that person, or that person’s family.

You can offer rent-free living. You can let someone live in your house or buy a house and let them occupy it rent-free.

So these are several options to gift people but I will leave you with one more.  And probably the most viable form of gifting for us Dinarians and that is using eWallets and Crypto transfers. 

This form of moving money is not tracked by governments, tax agencies, and it doesn't matter the amount or the age of the recipient.  Of course, it won’t be easy to do it anonymously but the money can be kept out of the system as well as if you want to move money across borders.  Keep posted to my future articles as I will be writing a full article on eWallets and Crypto transfers.

 For now, I hope my article has made you think about your gifting of money.  Give, and it shall be given unto you and Charity does not decrease wealth.  God has chosen us to hold currency for His reasons and I am sure one of those reasons would be to help others. 

So please do not let taxes or tax exclusions and technicalities interfere with your generosity, but at same token cross your t's and dot your i's. and before you give to others, don’t forget charity begins at home.

And please take a look at my Currency Exchange Planner.  It will help you with your Family and Charity planning.  Enter all of your gift amounts and immediately see how it will affect your bank balance.

 ​Thank you and I wish you all the success in your currency exchange.

Muhammad Ali www.CurrencyExchangePlanner.com

The No. 1 Planning Tool for the Dinar community.

Available in Desktop PC/MAC and Mobile App (Android & IOS) versions