Warren Buffett's 12 Best Quotes In a New Interview
.Warren Buffett's 12 Best Quotes In a New Interview
Theron Mohamed Fri, April 15, 2022,
Warren Buffett applauded Elon Musk, MacKenzie Scott, and Jerome Powell in a new interview. The Berkshire Hathaway CEO reflected on his age, his legacy, and the main drivers of his success. Buffett commended Bill Gates and Melinda French Gates for devoting time and money to philanthropy. Warren Buffett praised Tesla CEO Elon Musk, billionaire philanthropist MacKenzie Scott, and Federal Reserve Chair Jerome Powell during a Charlie Rose interview released on Thursday.
The 91-year-old investor and Berkshire Hathaway CEO also discussed his legacy, how old age has affected him, and why he admires Bill Gates and Melinda French Gates.
7 Money Skills It’s Never Too Late To Learn
.7 Money Skills It’s Never Too Late To Learn
Heather Taylor Wed, April 13, 2022,
No matter what age you are, there are basic money skills that will always be beneficial in your life. From spending less than what you make to determining the best way to pay off your debt, these skills can increase your overall financial literacy and create a healthy relationship with money.
Budgeting
Budgeting is often considered the cornerstone of personal finance advice. Amy Maliga, financial educator at Take Charge America, said it's never too late to get in the habit of planning and following a budget.
Yes, It Is Possible To Fix This. But Don’t Hold Your Breath
.Yes, It Is Possible To Fix This. But Don’t Hold Your Breath
Notes From The Field By Simon Black April 11, 2022
On the morning of September 2, 1715, Philippe d’Orleans prepared for an impossible task. King Louis XIV had just died the day before after a painful struggle with gangrene, leaving his five-year old great grandson to inherit the throne. Philippe had been appointed regent the week prior, meaning that he would rule France until the boy king came of age and could take the throne.
But Philippe knew the situation in France was grim.
Here’s How Much Cash You Need Stashed if a National Emergency Happens
.Here’s How Much Cash You Need Stashed if a National Emergency Happens
Jaime Catmull Sun, April 10, 2022 GOBankingRates
You've probably heard time and again that it's important to have a rainy day fund set up "just in case" something unexpected were to happen. But we're now at a time when having an emergency fund is more vital than ever.
The coronavirus pandemic was a prime example of how something unexpected can have devastating effects on the economy at large and on an individual level, too. While we all hope the worst of it is over, here's how to be prepared in case it's not -- plus how to set up a fund for unexpected future national emergencies.
From Bartering To Banknotes To Bitcoin
.The History of Money
From Bartering To Banknotes To Bitcoin
By Andrew Beattie Updated March 24, 2022 Reviewed By Robert C. Kelly
Money, whether it's represented by a seashell, a metal coin, a piece of paper, or a string of code electronically mined by computer, doesn't always have value. Its total global value—currently estimated to be around $420 trillion1—depends on the importance that people place on it as a medium of exchange, a unit of measurement, and a storehouse for wealth.
Money allows people to trade goods and services indirectly; it helps communicate the price of goods (prices written in dollar and cents correspond to a numerical amount in your possession—e.g., in your pocket, purse, or wallet); and it provides individuals with a way to store their wealth.
No Such Thing as Enough Money
.No Such Thing as Enough Money
Jacob Schroeder Oct 27, 2021
How much money is enough? It’s a philosophical money question that often arises out of discontent. We see someone of substantial means, like a celebrity, live a troubled life. Or, we ourselves experience great fortune yet feel unhappy. It makes us wonder where the finish line is, the point when you can stop striving for more and settle into a life of satisfaction.
There are some great financial blogs that provide good answers, such as here and here. And then there are a variety of books that tackle this question in their own ways: Ego Is the Enemy, The Last Lecture, the Bible, to name a few. Another book that resonates with me, perhaps because of its instructive format, is How Will You Measure Your Life? by the late Clayton Christensen.
Money Lessons From Famous Artists
.Money Lessons From Famous Artists
Here are some words of advice from artists that could double as insight for turning financial success into a creative pursuit.
M.C. ESCHER // “Are you really sure that a floor can’t also be a ceiling?” → Financial success is a matter of perception and deception.
M.C. Escher is known for images that play with perception and dimension to form mind-bending illusions. In a sense, they represent how we see the world. When faced with uncertainty and incomplete information, our brains like to take mental shortcuts that can distort reality.
These biases can have profound effects on our financial decisions. For instance, we may spend rather than save because we perceive our future selves as someone else. Or, we may buy an investment based on what we want to believe, despite all the contrary evidence. It is why the right financial steps often feel counterintuitive.
How to check the Authenticity of the New Iraqi Dinar
.Reposted by request, from a Recaps post from 2011.
How to check the Authenticity of the New Iraqi Dinar (25,000 note)
The New Iraqi Dinar was printed by the De La Rue Corporation, the world’s largest integrated commercial security printer and papermaker and the printer of over 150 world currencies. The dinar is available in 50, 250, 1000, 5000, 10000, and 25000 notes (information from 2011).
De La Rue incorporates a number of nearly foolproof countermeasures into the New Iraqi Dinar, including:
The Art of Money
.The Art of Money
Turning financial success into a creative pursuit
Jacob Schroeder Mar 15
What do you consider the act of ‘making money’? Is it an act of accounting and measuring? Or, is it an act of imagining and contemplating? Our finances involve numbers and data, but they’re intractably tied to our personal ideas, experiences, feelings and behaviors – intangible things you can’t formulate in a spreadsheet. Therefore, to manage the human side of money, it’s better to think more like an artist than a scientist.
It’s a shame many famous artists had financial troubles.
What Is a Silver Certificate Dollar Bill Worth Today?
.What Is a Silver Certificate Dollar Bill Worth Today?
By David Gorton Updated March 10, 2022 Reviewed By Chip Stapleton Fact Checked By Jiwon Ma
What Is a Silver Certificate Dollar Bill Worth Today?
A silver certificate dollar bill represents a unique time in American history. It was a type of legal tender that was issued by the federal government in the late 1800s. As the name suggests, the holder of a certificate could redeem it for a certain amount of silver. One certificate allowed investors to hold silver without having to buy the precious metal itself.1
These certificates no longer carry monetary value as an exchange for silver, yet they are still legal tender at their face value. In the market, silver certificates are often worth more than their face value (e.g., $1) as collectors still seek out these prints.
Why Poor People Can't Afford To Save Money
.Understanding the 'Boots Theory' of Socioeconomic Unfairness
This is why poor people can't afford to save money.
By Tom Huffman Dec. 01, 2021
We adhere to strict standards of editorial integrity to help you make decisions with confidence. Please be aware that some (or all) products and services linked in this article are from our sponsors.
Terry Pratchett was an English fantasy writer, best known for his Discworld series of 41 novels. If you’re familiar with Pratchett's novels, you may recognize the "boots theory." If not, you better write off the next few months of your life as you're about to undertake some serious binge-reading.
What is the 'boots theory'?