Billionaire Hedge Fund Manager Urges Diversification Out Of The Dollar
.Billionaire Hedge Fund Manager Urges Diversification Out Of The Dollar
Notes From The Field By Simon Black
March 29, 2021 Sovereign Valley Farm, Chile
Ray Dalio is the founder of one of the largest investment firms in the world and has amassed a personal fortune nearing $20 billion from his business and investment acumen. In short, he understands money and finance in a way that most people never will. And it’s for this reason that his latest insights are so noteworthy.
In a recent, self-published article entitled “Why in the World Would You Own Bonds When. . .”, Dalio makes some blunt assertions about the alarming US national debt, the decline of the dollar, and other negative trends in the Land of the Free.
Billionaire Hedge Fund Manager Urges Diversification Out Of The Dollar
Notes From The Field By Simon Black March 29, 2021 Sovereign Valley Farm, Chile
Ray Dalio is the founder of one of the largest investment firms in the world and has amassed a personal fortune nearing $20 billion from his business and investment acumen. In short, he understands money and finance in a way that most people never will. And it’s for this reason that his latest insights are so noteworthy.
In a recent, self-published article entitled “Why in the World Would You Own Bonds When. . .”, Dalio makes some blunt assertions about the alarming US national debt, the decline of the dollar, and other negative trends in the Land of the Free.
Here’s a summary of the major points:
1) Interest rates are now so low that “investing in bonds (and most financial assets) has become stupid.”
Dalio points out that bond yields are so low today that investors would essentially have to wait more than 500 years to break even on their bond investments after adjusting for inflation.
That’s why sensible people are already ditching the bond market.
JP Morgan’s CEO Jamie Dimon recently said he wouldn’t touch a US government 10-year Treasury Note “with a ten foot pole.” Neither would Dalio, as he told Bloomberg this month.
2) This is a big problem for Uncle Sam. Investors are ditching US government bonds at a time when the US is “overspending and overborrowing”.
They just passed a $1.9 trillion stimulus, and they have another $3 trillion spending package ready to go, plus plenty of momentum for Universal Basic Income, health care, Green New Deal, and just about everything else.
In short, the government is going to have to sell a LOT of bonds (i.e. increase the debt) at a time when investing in bonds has become stupid.
3) This creates a huge problem for the US dollar.
“The frightening thing about this,” Dalio says, is that many investors have already come to the conclusion that bonds are terrible investments.
So these investors could decide to dump the bonds they already own “at the same time as the [US] government has to sell a lot bonds.”
Just imagine-- the US government could easily have to sell another $4 trillion worth of bonds over the next 12-months to cover its massive budget deficit, plus all these wild spending programs.
But then on top of that, investors who currently own US government bonds may decide to dump another $3 trillion worth of the bonds in their portfolios.
This would mean that $7 trillion worth of bonds flood the market at a time when few people want to buy them.
4) As Dalio explains, this would cause one of two things to happen:
“Either interest rates will rise,” in order to entice investors to buy bonds, or the Federal Reserve “will have to print substantial amounts of money to buy [the bonds] that the free-market buyer won’t buy.”
And it’s pretty clear they’re going with option B.
Last year, the Fed was by far the single largest buyer of all the newly issued US government bonds. Yet as Dalio writes, “when they print money and buy those bonds. . . that lowers real rates and it accelerates a depreciation in the value of the dollar, and it also raises inflation pressures.”
5) So what are the potential consequences?
“The real risk, the big risk,” Dalio told Bloomberg, “is of a monetary inflation . . . and that monetary inflation means that even when the economy weakens, inflation rates rise.”
This is essentially stagflation, i.e. rising inflation coupled with a sluggish economy.
6) When does Dalio see these consequences starting to arise? “Late this year.”
7) There are plenty of bigger picture issues too. Dalio acknowledges that the US government is going to need a LOT of money to finance all this spending, so taxes will likely rise. A lot.
As Dalio writes, tax increases “could be more shocking than expected.”
He also believes that “the chances of a sizable wealth tax bill passing over the next few years are significant.”
8) Dalio writes that, as a result of such tax policy and other destructive rules, “the United States could be perceived as a place that is inhospitable to capitalism and capitalists.”
And the combination of high taxes, high inflation, and hostility towards capitalism may compel many investors and businesses to shift their capital and operations overseas and “run from less hospitable places to more hospitable places.”
9) But don’t expect the US government to sit idly by while capital leaves the country. Dalio believes there is “the possibility of capital controls” to prevent money from exiting the United States, as well as “prohibitions against capital movements to other assets” outside of the US dollar like “gold, Bitcoin, etc.”
So, in short: too much debt and money printing leads to a declining value of the US dollar, and potentially stagflation.
As a result, the government is likely to drastically raise taxes and chase business and capital away from the United States, leading to capital controls and prohibitions on alternative investments.
This is not some wild conspiracy theory or crazy conjecture. This is one of the wealthiest, most successful fund managers in human history bluntly calling the end of the US-dollar debt supercycle.
We’ve been writing about this theme for more than a decade, so our readers will not be surprised by either Dalio’s comments, or the solutions he proposes.
His top recommendation, for example, is “a well-diversified portfolio of non-debt and non-dollar assets.”
And in Dalio’s view, diversification means “currency diversification, country diversification, as well as asset class diversification.”
In other words, don’t keep all of your eggs in one basket, one country, or one currency.
You can read the entirety of this article here, or watch his interview with Bloomberg.
To your freedom, Simon Black, Founder, SovereignMan.com
P.S. Join the Official Sovereign Man Telegram Channel: https://www.sovereignman.com/tg
Time is Money, but Money Can’t Buy Time
.Time is Money, but Money Can’t Buy Time
The Physician Philospher
“This broken water heater is going to set us back. If it costs $2,000 to replace, that’s an extra two weeks of payments towards our student loans.” Please, tell me I am not the only one who thinks like this? For a while, my monetary mindset revolved around our biggest financial goal: Paying off our refinanced student loans. Time is money, and I didn’t have the time for costs that slowed our financial progress down.
It is important to realize, though, that money is a means to an end. It is not the end itself. This is a common concept that many struggle with in medicine, particularly if you work in private practice or you work in a shift work specialty.
Time is Money
The first person to use the phrase “Time is Money” was Benjamin Franklin in his book “Advice to a Young Tradesman, Written by an Old One”.
Time is Money, but Money Can’t Buy Time
The Physician Philospher
“This broken water heater is going to set us back. If it costs $2,000 to replace, that’s an extra two weeks of payments towards our student loans.” Please, tell me I am not the only one who thinks like this? For a while, my monetary mindset revolved around our biggest financial goal: Paying off our refinanced student loans. Time is money, and I didn’t have the time for costs that slowed our financial progress down.
It is important to realize, though, that money is a means to an end. It is not the end itself. This is a common concept that many struggle with in medicine, particularly if you work in private practice or you work in a shift work specialty.
Time is Money
The first person to use the phrase “Time is Money” was Benjamin Franklin in his book “Advice to a Young Tradesman, Written by an Old One”.
The original quote is actually the following:
Remember that Time is Money. He that can earn Ten Shillings a Day by his Labour, and goes abroad, or sits idle one half of that Day, tho’ he spends but Sixpence during his Diversion or Idleness, ought not to reckon that the only Expence; he has really spent or rather thrown away Five Shillings besides. ~Benajamin Franklin
The point that Benjamin Franklin was trying to make is that for every moment that you do not work, this will cost you money. Of course, this is only true if there is a job that would pay you during times that choose not to work.
Shift work and The Problems it Entails
For those of us that do shift work, this idea hits close to home. For example, I know that if I get sick and cannot go to work that is going to cost me what my shift normally pays. As a physician who earns a lot of money, getting sick just got expensive!
Or what about that week of vacation you want to take to the beach? That week, for me, is five days of missed work. So, that beach trip costs more than just renting the house, buying the gas to drive the cars, and the cost of food. It is also missed opportunity cost from not working. Most of the time our beach trip costs more than twice what we paid for it. Speaking of vacation, I know that in many private practice groups people will have to pay others to get a day off. All of this costs money.
To continue reading, please go to the original article here:
Gold Vs. The Stock Market
.Gold Vs. The Stock Market
Notes From The Field By Simon Black
March 16, 2021 Sovereign Valley Farm, Chile
More than 3,000 years ago in the early 12th century BC, Greco-Roman legend tells us of a mythical pair of monsters located in the Strait of Messina in southern Italy. The monsters were named Scylla and Charybdis. And both Homer’s Odyssey and Virgil’s Aeneid describe the terror of sailors who came into contact with them.
Scylla was on one side of the Strait, and Charybdis on the other. But because the Strait is so narrow, it was impossible for sailors to avoid both of the monsters, essentially forcing the captain to choose between the lesser of two evils. In Homer’s narrative, for example, Odysseus is advised that the whirlpools of Charybdis could sink his entire ship, while Scylla might only kill a handful of his sailors.
Gold Vs. The Stock Market
Notes From The Field By Simon Black
March 16, 2021 Sovereign Valley Farm, Chile
More than 3,000 years ago in the early 12th century BC, Greco-Roman legend tells us of a mythical pair of monsters located in the Strait of Messina in southern Italy. The monsters were named Scylla and Charybdis. And both Homer’s Odyssey and Virgil’s Aeneid describe the terror of sailors who came into contact with them.
Scylla was on one side of the Strait, and Charybdis on the other. But because the Strait is so narrow, it was impossible for sailors to avoid both of the monsters, essentially forcing the captain to choose between the lesser of two evils. In Homer’s narrative, for example, Odysseus is advised that the whirlpools of Charybdis could sink his entire ship, while Scylla might only kill a handful of his sailors.
So Odysseus chooses to sail past Scylla: “Better by far to lose six men and keep your ship than lose your entire crew.”
The story is a myth. But the idea of having to choose between two terrible options is very real. It appears that the Federal Reserve has landed itself in this position.
In its efforts to boost the economy during the pandemic, the Fed slashed interest rates so much that the average 30-year mortgage rate for homebuyers reached an all-time low of 2.65% earlier this year.
Similarly, AAA-rated corporate bond yields reached record low 2.14% last summer. The US government 10-year Treasury Note dropped to a record low 0.52%.
And the 28-day US government Treasury Bill rate actually turned negative for a brief period-- something that has never happened before. The effects of such cheap rates are obvious.
With corporate borrowing rates so low, the stock market has boomed. With consumers able to borrow money so cheaply, home prices have surged to an all-time high.
Yet in slashing interest rates to record lows, the Fed has essentially sailed right into the Strait of Messina. And they’re about to find themselves stuck between two monsters.
On one side of the Strait is the Inflation Monster, which grows stronger and more menacing with ever dollar the Fed conjures into existence.
Last year the Fed increased the supply of US dollars in the financial system (M2) by 26%-- the single largest annual increase since 1943.
The Fed has nearly doubled the size of its balance sheet in the last 12 months alone, and nearly 10x’d its balance sheet since the financial crisis of 2008.
In simple terms, the Fed ‘prints’ money (albeit electronically) and sprinkles it around the financial system.
This is a form of debasement, not much different than how ancient Roman emperors cut corners by reducing the purity of their gold and silver coins.
Historically speaking, debasing the currency eventually causes inflation.
There are famous historical episodes, like Zimbabwe, Venezuela, or the Weimar Republic, where the government’s endless money printing caused hyperinflation.
But there are countless ‘quieter’ examples of inflation-- like in Brazil, where inflation is now over 5%, or Turkey, where the annualized inflation rate is about 15%.
15% isn’t exactly hyperinflation. But it does make life pretty uncomfortable, especially when wage growth fails to keep pace. Every year people find themselves poorer and worse off.
Yet the Federal Reserve ignores these countless historic examples, recently claiming to Congress that relentless money printing will not cause inflation.
The Fed’s reasoning is that, because their money printing hasn’t caused inflation yet, it never will. This is pretty dangerous logic, given that rule #1 in finance is ‘past performance is no guarantee of future results.’
But I’ll come back to that in a moment, because on the other side of the Strait is the Market Monster.
Like the Inflation Monster, the Market Monster grows larger with ever dollar the Fed creates. It FEEDS on cheap interest rates.
Look at the US stock market: prior to the pandemic, the Dow Jones Industrial Average reached a record high of just over 29,000 points. Today, the market is more than 10% higher
And yet--
1. Corporate earnings are DOWN. The average Earnings per Share in the S&P 500 is 30.47% LOWER than prior to the pandemic.
2. Corporate revenue is also down. Yet corporate DEBT is substantially higher.
3. The US economy as measured by GDP is weaker. Consumer spending is still lower than before the pandemic. Unemployment is higher.
4. Government debt is hilariously out of control, and the new ruling party just announced that they want to raise taxes.
Lower profit, lower revenue, higher debt, higher taxes-- NONE of these trends should be favorable for stocks. Yet the market is UP, with the average Price/Earnings ratio in the S&P 500 now an incredible 40x.
The Fed knows that the strength of the stock market… along with the real estate and bond markets… is based on cheap interest rates.
They also know that if they raise rates, these markets could suffer a dramatic downturn.
So the Fed has two options to choose from, and neither is good: raise rates and cause markets to crash. Or, don’t raise rates, and risk inflation.
They’ve pretty much already told us they’re choosing inflation.
I’m not suggesting that the US is going to turn into Zimbabwe and suffer terrible hyperinflation.
But inflation levels similar to Brazil or Turkey are definitely possible. It happened before in the 1970s when inflation hit double digits-- and stayed that way for years.
And given the Fed’s refusal to acknowledge the slightest chance of inflation (heresy!), it makes sense to consider preparing for the possibility.
I would point out again that gold has a 5,000 year track record of performing well during times of inflation.
It’s also among the few major asset classes that’s NOT currently at a record high.
Unlike the stock market, which has reached an all-time high despite lower earnings and higher debt, gold is down 16% from its peak even though inflation expectations are the highest they’ve been in years.
On that basis, gold looks pretty undervalued.
To your freedom and prosperity Simon Black, Founder, SovereignMan.com
Being Rich – What Would Change in Life?
.Being Rich – What Would Change in Life?
By Jim @ Route To Retire / March 2, 2021
Ah, the allure of tons of money… who hasn’t had the dream of being rich?!
The things you could afford, the places you could go, the luxurious good times you could have. It’s fun to imagine all the cool things you could do with boatloads of money.
Wait a minute, Jim – aren’t you already rich? You retired a couple of years ago at 43 for Pete’s sake!
We’re definitely in a position that I’m more than elated for – we’re financially independent. That’s a blessing more than we could ever ask for in life.
But we’re far from rich. I talked about this in my post, Being a FIRE Millionaire Doesn’t Mean You’re Rich. Essentially, through the 4% rule, we have a “fixed income” of roughly $50,000/year we can spend while still sustaining our portfolio for the long haul. This, of course, assumes neither one of us ever works again, but it’s still an important number to understand.
Being Rich – What Would Change in Life?
By Jim @ Route To Retire / March 2, 2021
Ah, the allure of tons of money… who hasn’t had the dream of being rich?!
The things you could afford, the places you could go, the luxurious good times you could have. It’s fun to imagine all the cool things you could do with boatloads of money.
Wait a minute, Jim – aren’t you already rich? You retired a couple of years ago at 43 for Pete’s sake!
We’re definitely in a position that I’m more than elated for – we’re financially independent. That’s a blessing more than we could ever ask for in life.
But we’re far from rich. I talked about this in my post, Being a FIRE Millionaire Doesn’t Mean You’re Rich. Essentially, through the 4% rule, we have a “fixed income” of roughly $50,000/year we can spend while still sustaining our portfolio for the long haul. This, of course, assumes neither one of us ever works again, but it’s still an important number to understand.
There’s no doubt that $50k/year is a nice chunk of money that, so far, works nicely to cover our annual expenses. We have breathing room in there to live our normal family life including taking vacations… but being rich is not something we are. “Set” might be a better way to put it.
Remember though that we’re living a semi-frugal lifestyle. We still need to think through all our spending and when we do make choices, you can bet that money is almost always a factor in our decisions.
The fun part though is the idea of taking money completely out of the equation – no worries about cost whatsoever. Imagine what we could do if we were really rich.
I’ll tell you what I would do and then you tell me what you would do if money was no object.
Being rich involves owning a boat, right?
Haha, not in this guy’s dreams – that’s for sure!
To continue reading, please go to the original article here:
Transforming The Future Via The True Halls Of Power
.Transforming The Future Via The True Halls Of Power
Information Briefing #166 by whitehatsauxiliaries
(Asiatic Dynastic Power Awakens. Benevolent Goals Devoid Of Parasitic Usury)
From extensive discussions today starting early morning with the Dynasty Elders, progression towards a meaningful Global reorganization is being achieved. Real people. Real leaders.
What’s coming, with key UN support, will affect all nations. Real issues. Real project needs. Real contributors, getting Real cash soon, for helping effect Real Change. People, Real people, responding when called, will help make it happen. This will become the forward march of We the People. You – Matter!
Transforming The Future Via The True Halls Of Power
Information Briefing #166 by whitehatsauxiliaries
(Asiatic Dynastic Power Awakens. Benevolent Goals Devoid Of Parasitic Usury)
From extensive discussions today starting early morning with the Dynasty Elders, progression towards a meaningful Global reorganization is being achieved. Real people. Real leaders.
What’s coming, with key UN support, will affect all nations. Real issues. Real project needs. Real contributors, getting Real cash soon, for helping effect Real Change. People, Real people, responding when called, will help make it happen. This will become the forward march of We the People. You – Matter!
![img-20171117-wa0002[1].jpg](https://whitehatauxiliaries.files.wordpress.com/2021/03/img-20171117-wa0002.jpg)
The last few years, out of Public sight, Elders, their wives, Attorneys and Interpreters, have been quietly progressing enormously important agendas re financing, restructuring, out of public sight.
![elderswithjand-lj-1[1].jpg](https://images.squarespace-cdn.com/content/v1/5d5222a44813620001d89582/1616653263829-USG5MXNA5TU5HJOU3KC0/elderswithjand-lj-1%5B1%5D.jpg)
The corridors of power. What you don’t see.
Self help, mind power. Not an invisible Higher Power, never there when really needed, is it? That Eureka moment, to realize you’re alone. Just real people. Humble, with a respectful agenda towards our fellow man. Off radar, one agenda to put back so much.
Today was a good session. Focused consensus. Re-tracking hope, not hopium!
It’s coming. Today was a good day. Progressive and Stage One money is already stockpiled in the US! Positive steps.
It’s ready when it’s ready; and owes no one. That it’s happening, is all.
Cool nerve, calm hands now. Professionals. Important moves now. This will be the full Global deal released in stages. Huge!
Stay tuned…
https://whitehatauxiliaries.com/2021/03/24/information-briefing-166/
What Are The 7 Steps In The Financial Planning Process?
.What Are The 7 Steps In The Financial Planning Process?
The financial planning process is important to understand as it helps you create efficient action items to better your money. Financial Planning ProcessThis series of steps will be your go-to strategy that outlines how to budget, where to invest, and what other assets will help you achieve your financial goals.
Oftentimes you might be unsure of where to start with a plan due to a lack of know-how and might want to work with an expert. While you certainly can work with a financial planner, you absolutely can improve your finances on your own too. If you’re interested in DIY finance, then you can follow the basic seven steps in the financial planning process below.
What Are The 7 Steps In The Financial Planning Process?
The financial planning process is important to understand as it helps you create efficient action items to better your money. Financial Planning ProcessThis series of steps will be your go-to strategy that outlines how to budget, where to invest, and what other assets will help you achieve your financial goals.
Oftentimes you might be unsure of where to start with a plan due to a lack of know-how and might want to work with an expert. While you certainly can work with a financial planner, you absolutely can improve your finances on your own too. If you’re interested in DIY finance, then you can follow the basic seven steps in the financial planning process below.
A financial plan is a personal document created to help assess your current financial situation, create various money goals, and help you make better financial decisions going forward. You can create this plan on your own or work with a certified financial planner.
And according to the CFB Board, the financial planning process is defined as:
A collaborative process that helps maximize a Client’s potential for meeting life goals through Financial Advice that integrates relevant elements of the Client’s personal and financial circumstances.”
Why Is a financial plan Important?
During the financial planning process, you start to learn quite a bit about your overall financial health. And it’s possible that you might not have even realized you were in rough shape without building your personal plan.
Here are a few reasons a financial plan is important:
Helps you understand your income
Understand your current cash flow
Learn how to build more capital
Improve your family’s finances
Helps you start building better investments
Maximizes your budget and spending
Creates steps for you to achieve your money goals
The 7 Steps of the Financial Planning Process
To continue reading, please go to the original article here:
The 5 Worst Things People Are Doing With Stimulus Checks
.The 5 Worst Things People Are Doing With Stimulus Checks, Suze Orman Says
Sigrid Forberg Mon, March 22, 2021
More than 90 million American households have now received their third stimulus checks. The $1,400 checks, which are part of President Joe Biden’s $1.9 trillion relief bill, are expected to help recipients cover immediate household expenses and pay down debt. And given that many qualifying households are receiving additional checks for dependents — that is, children and non-working adults – a large number of Americans are seeing a bigger one-time influx of cash than they’ve ever seen before.
And Suze Orman, one of America's most prominent personal finance experts, has some strong opinions about how you should not spend your windfall. Read on to find out where she thinks some people may go wrong — and what you can do instead.
The 5 Worst Things People Are Doing With Stimulus Checks, Suze Orman Says
Sigrid Forberg Mon, March 22, 2021
More than 90 million American households have now received their third stimulus checks. The $1,400 checks, which are part of President Joe Biden’s $1.9 trillion relief bill, are expected to help recipients cover immediate household expenses and pay down debt. And given that many qualifying households are receiving additional checks for dependents — that is, children and non-working adults – a large number of Americans are seeing a bigger one-time influx of cash than they’ve ever seen before.
And Suze Orman, one of America's most prominent personal finance experts, has some strong opinions about how you should not spend your windfall. Read on to find out where she thinks some people may go wrong — and what you can do instead.
1. Spending it all right away
After a full year into the pandemic, Orman recognizes you may be keen to use your stimulus funds to pay off some of your outstanding balances. But, she says, that would be a mistake — especially if you’re still looking for work. “Do not rush, especially if you do not have a job yet and everything isn’t going the way you want it to be, do not rush to take that money and pay off your credit cards.”
If your bills are piling up and expensive interest is adding to your troubles, a better option would be to get a lower-interest debt consolidation loan to help you better manage what you owe — and pay it off sooner.
2. Skimping on saving
Before the pandemic hit, Orman had long counselled her followers to build up emergency funds for at least eight months. Other finance experts had suggested that was more than necessary and three or six months was all you’d need. “What happened last year? Three months would have gone in three months,” Orman says. “And then what would you have done? Now it has come to pass that eight months wasn’t even enough.”
Because of the pandemic, Orman now recommends having at least 12 months socked away in an emergency fund. “I don’t think you can have too much of an emergency fund,” she adds.
Taking some of your stimulus money and putting it into your emergency fund is Orman’s top suggestion
To continue reading, please go to the original article here:
https://www.yahoo.com/finance/news/5-worst-things-people-doing-220000749.html
11 Most Unanticipated Disadvantages of Becoming Wealthy
.11 Most Unanticipated Disadvantages of Becoming Wealthy
Physicians on FIRE
I’m sure you’re well acquainted with the advantages of becoming wealthy. You can buy what you want, travel in luxury, and when your wealth makes you financially independent, work becomes optional. Have you spent any time considering the disadvantages of becoming wealthy? Perhaps you’ve read the stories of lottery winners who wish they had never played the game. Sudden wealth can, in some instances, create more problems than it solves.
Mark LaForet, the author of today’s Friday Feature, isn’t opposed to building wealth. In fact, you could say he’s all LaForet, but that would be a terrible pun. Mark is also aware that there are some cons to pair with the pros of getting rich, and he highlights 11 of them below.
11 Most Unanticipated Disadvantages of Becoming Wealthy
Physicians on FIRE
I’m sure you’re well acquainted with the advantages of becoming wealthy. You can buy what you want, travel in luxury, and when your wealth makes you financially independent, work becomes optional. Have you spent any time considering the disadvantages of becoming wealthy? Perhaps you’ve read the stories of lottery winners who wish they had never played the game. Sudden wealth can, in some instances, create more problems than it solves.
Mark LaForet, the author of today’s Friday Feature, isn’t opposed to building wealth. In fact, you could say he’s all LaForet, but that would be a terrible pun. Mark is also aware that there are some cons to pair with the pros of getting rich, and he highlights 11 of them below.
Most people dream of being rich and having all the money in the world. It’s a fantasy that’s been happening for thousands of years. You get to wake up, and everything is easy! No worrying about money anymore. No worrying about how you will afford your mortgage (assuming you have one) and toys; OH boy, the toys!
But in reality, being rich isn’t like that. There’s always good and bad in every situation.
1. Significantly More Responsibility
Most people aren’t actually born rich. The vast majority of people who end up rich build their wealth themselves. This usually involves a business or several. Owning your own business is hard work and long hours.
Most entrepreneurs end up working significantly more than their peers and employees. This added responsibility makes a big difference in the lives of the rich and wealthy. Not only are they responsible for their business, but if they have employees, they need to be actively taking care of their needs as well.
Taking care of employee needs doesn’t stop at a paycheque; there are taxes and salaries based on the economy, yielding the highest pay possible for your employees while still maintaining your business’ sustainability. Then, try to provide security for your employees in pension plans, health benefits, etc.
To continue reading, please go to the original article here:
9 Things We Should Never Minimize
.9 Things We Should Never Minimize
Lisa Avellan of Simple and Soul.
As minimalists, we strive for less stuff to experience more life. We learn how to detach from our possessions, limit technology, set boundaries with our commitments, and manage our finances with more intention. Our schedules get pared down to the most important appointments, we open our calendars for family time, meeting with a friend, reading, or pursing a passion. Simplicity becomes our goal.
We learn to ask ourselves important questions before adding any item to our life:
“How can this make my life easier?”
“Will this cause more freedom or hold me back?”
9 Things We Should Never Minimize
Lisa Avellan of Simple and Soul.
As minimalists, we strive for less stuff to experience more life. We learn how to detach from our possessions, limit technology, set boundaries with our commitments, and manage our finances with more intention. Our schedules get pared down to the most important appointments, we open our calendars for family time, meeting with a friend, reading, or pursing a passion. Simplicity becomes our goal.
We learn to ask ourselves important questions before adding any item to our life:
“How can this make my life easier?”
“Will this cause more freedom or hold me back?”
Simplicity takes more intention than renting a storage unit, so we learn to value the weight of every decision. The value of an item or experience becomes more than a price tag or a great story to tell at a cocktail party. Minimalism is not for the half-hearted.
Minimalism is a journey of heart and soul.
It’s a deep dive into the core of what we believe about who we are, where we find value, our purpose, and our passion. These are incredibly personal and difficult mountains to climb. A compass and hatchet are necessary tools to make the journey.
This matter of the heart requires that we take great care to cut the nonessentials, and cultivate the things we should never minimize. It’s how we maximize the benefits of minimalism.
Here are nine things that should never fall victim to our minimalist pursuit:
To continue reading, please go to the original article here:
News, Rumors and Opinions Wednesday AM 3-17-2021
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 17 March 2021
Compiled Wed. 17 March 2021 12:01 am EST by Judy Byington
Judy Note: Our military Intel Contact reported that at any time this week the Shotgun Start would happen where Tiers 3-4A, B could expect notification emails and calls to obtain appointments for Zim redemption and foreign currency exchanges at the special rates.
Today an executive from a major bank stated that Tier 4B could look for notification on Wed. 17 March afternoon.
If so, our appointments would begin on Thurs. 18 March.
RV Excerpts from the Restored Republic via a GCR: Update as of Wed. 17 March 2021
Compiled Wed. 17 March 2021 12:01 am EST by Judy Byington
Judy Note: Our military Intel Contact reported that at any time this week the Shotgun Start would happen where Tiers 3-4A, B could expect notification emails and calls to obtain appointments for Zim redemption and foreign currency exchanges at the special rates.
Today an executive from a major bank stated that Tier 4B could look for notification on Wed. 17 March afternoon.
If so, our appointments would begin on Thurs. 18 March.
The Iraqi HCL Agreement would be passed in next 24-36 hours, or by sometime Thurs, 18 March, giving them the new rate for the reset this week.
We would have until the end of March to exchange/ redeem at the special rates.
On Fri. 12 March late night liquidity payouts were released. Overnight Sun 14 March the QFS, which was fully integrated into the Forex, traded all gold/ asset-backed USN pegged global currencies. By Mon 15 March with gold-backed USN currency notes released to Redemption Centers, there were some exchanges and redemptions under NESARA protocols.
These three upcoming events could possibly relate to Wed. 17 March 2021:
1. The Global Currency Reset: Everything was pointing toward Tier 4B beginning exchanges/ redemption on Wed. 17 March. The government was sending out Stimulus monies that activated in accounts on Wed. 17 March. https://finance.yahoo.com/news/why-stimulus-check-might-still-103025719.html
Thurs. 25 March and no later than Wed. 31 March Tier 4B exchange appointments were expected to be FINISHED.
Thurs. April 1 was also the beginning of the fiscal year for the new gold/ asset-backed US Treasury Note and the General Public Tier 5 foreign currency exchanges at the new international rates would go forward.
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Tues. 16 March 2021 The Big Call, Bruce: Thebigcall.net 712-770-4016 pin123456#
A large tranche of monies started release at 4:30 am this morning Tues. 16 March and would complete early Wed. morning 17 March.
Bond Sellers were still awaiting liquidity in their accounts and would receive such at the same time as Tier 4B receives notification.
We should be looking for notification tomorrow afternoon Wed. 17 March.
If so, we could begin appointments on Thurs. 18 March.
We would have until the end of March to exchange/ redeem at the special rates.
Some Stimulus payments (a starting of NESARA) were to start today Tues. 16 March, but were told that it would happen tomorrow Wed. 17 March.
US Tax due date for 2020 was moved to June 15 2021.
Banks would become facilitators for us rather than the way they used to function. There would be no fees for any of our accounts. Banks had no control over what we do with our monies.
Read full post here: https://inteldinarchronicles.blogspot.com/2021/03/restored-republic-via-gcr-update-as-of_17.html
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Courtesy of Dinar Guru
MarkZ [via PDK] [What ID's do we need to take to exchange.] I was told take whatever you would usually take to open bank accounts…call your bank if you want to verify this…i am told a current picture ID like drivers license and passport. I would suggest bringing your SS card or whatever correlating ID you have in whatever country you are in as well. Basically call your bank and ask them what ID’s you need to bring to open an account.
Pimpy Stay away from anybody that gives you a date, anybody who give you a rate. The best anybody could do is speculate. Some people take a more educated stab at that date and rate...some people are just farting in the wind hoping something sticks. Don't get caught up in that stuff. Stay grounded...does that mean that an RI or an RV won't be announced? I didn't say that. It could be announced any day. But there's no guarantees out that that day is going to be here any day soon.
COFFEE WITH LYNETTE ZANG & LIOR GANTZ: Is Inflation Good or Bad?
Streamed live 16 hours ago
Lior’s is a global entrepreneur, co-creator of Wealth Research Group and a popular speaker, author and educator. I am so glad to have him here today because he brings a global view that we all need to see and his generation, the millennial generation, will be the generation to determine the adoption of the new, digital financial system that the global governments and central bankers have in mind for us.
How to Give with More Impact: What You Need to Know
.How to Give with More Impact: What You Need to Know
February 18, 2021 by Chelsea
Listen on Spotify Why You've Got to Listen to This Episode...
In today’s episode, I’m talking with In today’s episode, I’m talking with Global Philanthropy Advisor and Expert, Kris Putnam-Walkerly. She is the author of Delusion Altruism, which highlights the truth that how we give is just as important as how much we give. We’re talking about why you don’t need to be wealthy to be a philanthropist, why philanthropists struggle with a scarcity mindset, and how you can take your first step to give with more impact today!
Key Takeaways to Help You Give With More Impact
As always, we’ve rounded up our top three takeaways to summarize what we believe are the core points to remember from Kris.
1 - We Are All Philanthropists
First, we are all philanthropists. As Kris said, philanthropy is a big fancy word that makes people think they need millions of dollars to qualify.
How to Give with More Impact: What You Need to Know
February 18, 2021 by Chelsea
Listen on Spotify Why You've Got to Listen to This Episode...
In today’s episode, I’m talking with In today’s episode, I’m talking with Global Philanthropy Advisor and Expert, Kris Putnam-Walkerly. She is the author of Delusion Altruism, which highlights the truth that how we give is just as important as how much we give. We’re talking about why you don’t need to be wealthy to be a philanthropist, why philanthropists struggle with a scarcity mindset, and how you can take your first step to give with more impact today!
Key Takeaways to Help You Give With More Impact
As always, we’ve rounded up our top three takeaways to summarize what we believe are the core points to remember from Kris.
1 - We Are All Philanthropists
First, we are all philanthropists. As Kris said, philanthropy is a big fancy word that makes people think they need millions of dollars to qualify.
But anyone who wants to make the world a better place is a philanthropist – especially because we can give so much more than money. We can give our time, our connections, our knowledge, and we often discuss how words matter here on the podcast.
So no matter how much you’re giving, adopting the mindset of a philanthropist will help you identify more ways you can increase your impact on issues that matter to you. When you truly believe you are a philanthropist who is making an impact, you’ll see more ways to do that.
2 - Scarcity Mindset Can Hold Us Back From Changing the World
We all know that a scarcity mindset can hold us back from reaching our money goals. But that mindset also threatens our ability to give with more impact.
To continue reading, please go to the original article here: