The Blind Men and the Elephant
.The Blind Men and the Elephant
Emailed To Dinar Recaps
Please entertain yourself while being very enlightened with this story that is a parallel to the Dinar - the Dinar Community and Dinar Intel Providers - It was very well thought out and put together - Thank you Rhino!
Once there were three blind men who were given the task of describing an elephant. Each was led into an elephant pen by way of a different gate.
The first man approached the elephant from the front and groped around the elephant’s trunk. The second encountered the elephant from the rear and grabbed the tail. The last man walked into a leg and felt around that part of the elephant. Then the men were led out of the pen and asked to describe the appearance of an elephant.
10 Simple Habits of Money-Smart Individuals
.10 Simple Habits of Money-Smart Individuals
Master these successful money habits to boost your wealth.
By Tracie Fobes January 22, 2021
Mark Cuban. Warren Buffett. Michael Bloomberg. Most people will never be as rich as the world’s wealthiest billionaires, but you can still learn from their smart money habits. From ditching debt to paying bills on time, fiscally savvy folks have developed good habits and plans that keep them in financial shape. And with a little effort, you too can master their tricks for managing money. If you’re looking to break bad money habits and get on more solid financial footing, follow these fiscal tips from the pros.
Have a Written Budget
Many people have a budget — sort of. They know who they have to pay each month and how much. However, they don’t have anything in writing. When you have a written budget, you see exactly where your money is going. Best of all, you can direct your money where you want it to go. Your budget is your roadmap to financial success, so make sure you include every single expense. Don’t forget about that coffee you grab on the way to work or the money you spend on parking every day.
16 Real People Affected By the Coronavirus Give Their Best Financial Advice
.16 Real People Affected By the Coronavirus Give Their Best Financial Advice
Learn how you can get through the pandemic. By Erica Corbin July 17, 2020
The coronavirus, also known as COVID-19, has taken over the world. As of March 30, 2020, there were more than 770,000 cases and nearly 37,000 deaths reported worldwide. It has affected the young and old alike and turned daily life in nearly every country into a surreal nightmare.
From a financial point of view alone, it’s an extremely uncertain and stressful time. Millions of people are unable to work and yet still must pay rent, car payments, student loan debt and more. Buying groceries and other essentials has become a challenge for many, too, and not just because there isn’t enough toilet paper to go around. However, this doesn’t mean there aren’t ways of getting through this pandemic. GOBankingRates spoke with 16 people around the world who have been affected by the coronavirus, from job losses to life-threatening health concerns, and asked them for their best financial advice. Learn what you can do to manage your money during the outbreak.
With Apologies To Drunken Sailors Everywhere. . .
.With Apologies To Drunken Sailors Everywhere. . .
Notes From The Field By Simon Black February 9, 2021 Bahia Beach, Puerto Rico
The year was 1977. Disco was in. Star Wars was the biggest movie of the year. The world’s first personal computer was announced-- the Commodore PET, which came with 8 kilobytes of memory. And the Gross Domestic Product of the United States reached $1.9 trillion-- more than double what it had been just ten years prior. As you probably know (or possibly remember), though, most of the GDP “growth” during the 1970s wasn’t because the US economy was strong. Quite the opposite, actually.
The 1970s was a period of economic stagnation and inflation. The economy was in such bad shape that, between January 1, 1970 and December 31, 1977, the S&P 500 grew exactly ZERO percent.
25 Things You Should Never Do With Your Money
.25 Things You Should Never Do With Your Money
Avoid these big money mistakes and keep more of your cash.
By Roger Wohlner November 6
There is possibly an endless list of things you shouldn’t do with your money. But from bad habits to decisions based on wishful thinking, some of the bigger missteps can really cost you. To find out the biggest money mistakes you should avoid, GOBankingRates asked financial experts for their best advice.
Never Cash Your Paycheck Right Away
If you cash your paycheck right away, you might burn through it too quickly. “You will most certainly spend it all if you cash your paycheck rather than have your employer directly deposit it into your bank account,” said Barbara Friedberg, a personal finance consultant. “Even better is to automatically transfer a percent of your paycheck into a retirement investment account and direct-deposit the remainder into a bank account.”
Old-School Money Advice You Shouldn't Follow Anymore
.Old-School Money Advice You Shouldn’t Follow Anymore
These old-school rules could hurt you financially.
By Valencia Higuera December 10, 2020
If you don’t know much about money, you don’t have to look far for advice. You can always learn from personal finance articles, books and videos or from money-savvy friends and family. Although there’s no short supply of guidance, money rules can shift over time. For that matter, some old-school advice should be taken with a grain of salt. Here’s what the experts said is some of the worst money advice.
Pay Off Your Mortgage Early
Most people need a mortgage to purchase a home. However, financing a house entails paying thousands of dollars in interest. To reduce interest charges, some borrowers come up with a plan to pay off their mortgages early by making extra payments. This advice isn’t bad in itself, but according to Paul Moyer, the founder of SavingFreak.com, this advice doesn’t make the same financial sense in our current low-interest environment as it did when mortgage rates were higher, like 6% to 8%.
“Those extra payments can do more work for you by being placed in other investments,” Moyer said. “Even if you only get 6% over the life of the investment, you will beat the interest you are paying on your home mortgage.”
5 Money Beliefs That Are Holding You Back
.5 Money Beliefs That Are Holding You Back
John Csiszar Mon, February 8
When it comes to financial planning, it’s easy to sabotage your own success. Between constantly rising bills and expenses and the omnipresence of the American “buy-now” culture, it can be hard to set aside money for things like emergency funds and retirement savings. Add to that the very human tendency to have self-defeating money beliefs, and it’s easy to find yourself adrift financially.
The good news is that saving and investing doesn’t have to be complicated. In fact, if you can talk yourself out of some of the most counterproductive money beliefs, you’ll find yourself on the path to success in no time. Here’s a look at some of the most common self-defeating financial beliefs and how you can overcome them for a more productive financial life.
The Money Date Guide: How to Talk About Money with Your Partner
The Money Date Guide: How to Talk About Money with Your Partner
February 8, 2021
Are you looking for a way to talk openly about your finances with your partner? Or do you want to start setting and sharing financial goals with your partner but don’t know where to start?
Then a money date is a great place to start. Money dates are a great way to get the awkward money conversation going between you and your partner. And they are a great way to set and share financial goals together and start feeling like a team. Every partner has their own feelings towards money rooted in their own lived experiences. And as a couple, it can be hard to discuss these things openly, as one can feel very vulnerable.
But figuring out a way to talk about money openly is a rewarding experience that will help you get on the same page and start working on your financial goals together.*
Three Biggest Financial Fears
.Three Biggest Financial Fears
by Mike Brassfield
If you’re financially stressed out these days, you’re far from alone. These are rocky and uncertain times we’re living in, and the stress level is super high. A number of recent surveys have confirmed that Americans are financially frazzled right now.
For example, a survey by the National Endowment for Financial Education found that a whopping nine in 10 Americans say the COVID-19 crisis is causing stress on their personal finances. Most worry about not having enough saved, or not being able to pay bills. A survey by John Hancock Financial found that nearly a quarter of Americans have dipped into their emergency savings during the pandemic.
7 Key Home-Buying Numbers to Know
7 Key Home-Buying Numbers to Know
Shopping for a House? Here are 7 Key Home-Buying Numbers to Know
by Larissa Runkle Contributor JANUARY 25, 2021
There’s a lot that goes into buying a new home, starting with finding the right one all the way down to finalizing the paperwork. Somewhere in that process, you’ll likely find yourself trying to decipher myriad new terms and figuring out what they mean for you.
We’ve compiled this list of seven key numbers you’ll need to know when buying a home — plus the details on how understanding these terms can help you land your dream home.
The 3 Worst Ways People Will Use Their Next Stimulus Check
The 3 Worst Ways People Will Use Their Next Stimulus Check
According to Suze Orman By Sigrid Forberg Sat, February 6, 202
President Joe Biden’s plan to give Americans a third round of stimulus checks — for as much as $1,400 — is now in the hands of Congress, and House Speaker Nancy Pelosi said in a statement on Friday that final approval could come by the end of February.
That could give you a fresh payment in early March. Personal finance icon Suze Orman wants you to start thinking now about what you'd do with new COVID relief cash. She says there are right ways and wrong ways people have been using their stimulus checks. Her general advice on the topic is to think "right now" and think long term and think of others. More specifically, Orman says avoid these three common stimulus check mistakes.