Anyone Can Be A Billionaire If You Have The Right Structure
.Anyone Can Be A Billionaire If You Have The Right Structure
Notes From the Field By Simon Black June 28, 2022
On the November 27, 1095, Pope Urban II gave an impassioned speech at the Council of Clermont in central France, calling for Christian warriors to take up arms in a Holy War against the invading Seljuk Turks. This was the start of the First Crusade. And over the next few centuries, several more would follow.
Soldiers from across Europe joined up and traveled great distances to fight in the Holy Land; quite often they were away from home for years at a time. Eventually these fighters— and particularly the land-owning nobles— realized that they needed to arrange their business and personal affairs appropriately before leaving for war.
How To Conduct a Financial Checkup
.How To Conduct a Financial Checkup
By Jim Probasco Updated March 21, 2022
Here's a simple system for assessing your fiscal fitness
Many experts suggest that people make a point of conducting a personal financial checkup on an annual basis or after a major life event (such as a marriage, divorce, birth, or death). The question is, what does that mean exactly? To make sure you don’t miss something critical to your financial well-being, here are the main topics you should plan to cover.
A financial checkup is a systematic look at the complete state of your finances.
It can be useful to perform a financial checkup annually and after any major life event, such as a marriage, divorce, birth, or death.
Declaring Intellectual Independence
.Declaring Intellectual Independence
Notes From the Field By Simon Black July 1, 2022
Happy Canada Day to our Canadian friends. And Monday, of course, is Independence Day in the United States.
It’ll be an odd one for sure. Many cities are reportedly cutting back on their fireworks displays due to… yes… supply chain shortages. And many people may scale down their traditional backyard grilling due to insanely high food price inflation. There’s undoubtedly a lot of reason for concern right now, and people of all personal philosophies across the political spectrum feel it.
Secrets to Recession-Proofing Your Finances
.4 Experts Share Their Secrets to Recession-Proofing Your Finances
Heather Taylor Mon, June 27, 2022
Is the United States heading toward a recession?
Amid a high inflation period, many Americans are concerned about the risk and what this might mean for their personal finances. Fortunately, there are certain steps everyone can take now that will enable them to better navigate an uncertain time.
Follow these steps to prepare and recession-proof your finances.
How Has the COVID-19 Pandemic Changed Money Advice?
.How Has the COVID-19 Pandemic Changed Money Advice?
Jenny Rose Spaudo Mon, June 27, 2022,
Since the start of the pandemic, Americans have endured an economic rollercoaster with fluctuating interest rates, massive layoffs and skyrocketing inflation. It’s no surprise, then, that around half of non-retired adults say the pandemic has made it harder for them to achieve their financial goals, according to the Pew Research Center.
So how can you best manage your finances in today’s uneasy economy? GOBankingRates spoke with several financial experts to see how the pandemic has changed their money advice.
4 Financial Experts Reveal How They Spent Their First Big Paycheck
.4 Financial Experts Reveal How They Spent Their First Big Paycheck
Bob Haegele Mon, June 27, 2022
When you think about financial experts, you might imagine someone who is extremely savvy with their money, meticulously planning and optimizing their every penny for maximum wealth generation. While that can be true in some cases, it’s not as though there is some law or wealth accumulation creed to which every financial expert is beholden.
Sometimes, financial experts spend their money in ways that may seem consistent with how most people spend money. In other words, they spend money on things they want, or even on surprises for their loved ones. Sometimes, they spend their money on nothing more than paying down debt and shoring up their savings accounts.
Your Financial Liability To Your Government Is Infinite
.Your Financial Liability To Your Government Is Infinite
Notes From the Field By Simon Black June 27, 2022
In the year 1255 AD, a prominent Italian businessman named Orlando Bonsignori launched a new venture that he boldly called the Gran Tavola, or “Great Table”. Despite the name, it wasn’t a medieval furniture shop. Bonsignori came from a family of wealthy bankers who had highly influential political connections across Europe. And Bonsignori’s idea was to create the biggest bank on the continent that would cater specifically to kings, popes, and emperors.
In a way, what Bonsignori created was a sort of proto International Monetary Fund; he took deposits from, and made loans to, governments and rulers all over Europe. And Bonsignori’s Gran Tavola had an especially cozy relationship with the Vatican.
What to Do When You're Left out of a Will
.What to Do When You're Left out of a Will
By ANDREW BEATTIE Updated May 24, 2022
Reviewed By Andy Smith Fact Checked By Kirsten Rohrs Schmitt
Being left out of a will is not a situation most people want to be in. But sometimes when a person dies and their will comes to light, its contents throw survivors for a loop. The will can exclude people who had assumed they would be included, or in some cases, who were told that they would be included. If you are left out of a will, there are some time-sensitive steps you should take to at least clarify what has happened—and perhaps contest it. In most cases, you must prove coercion, diminished mental capacity, or outright fraud to have a will's terms dismissed.
5 Things to Consider Before Becoming an Estate Executor
.5 Things to Consider Before Becoming an Estate Executor
By Andrew Beattie Updated February 25, 2021
Agreeing to be the executor of an estate is a bigger decision than most people realize. It is important to consider the responsibility of the position before agreeing to take on the role.
Below are five things you should know before signing on.
KEY TAKEAWAYS
While it is an honor to be selected as an executor, executing a will takes a lot of time and work.
Make sure you can handle all that is involved before accepting the responsibility.
What's the Average Cost of a Making a Will?
.What's the Average Cost of a Making a Will?
By David Dierking Updated February 04, 2022
Let's face it. The last thing people want to do is plan for their death. There are a lot of important decisions you need to make—decisions you shouldn't leave to your loved ones. These include saving for and planning your funeral, appointing a power of attorney, designating beneficiaries for all your accounts, setting up your kids—especially if they're fairly young, planning your estate, and setting up your last will and testament.
This last one is probably one of the most important things you'll have to do. Below, we've outlined some important things you'll need to consider when you're putting together this important document.
Power of Attorney: When You Need One
.Power of Attorney: When You Need One
By Kimberly Rotter Updated May 18, 2022
Reviewed By Khadija Khartit Fact Checked By Ryan Eichler
A power of attorney (POA) is a legal document in which the principal (you) designates another person (called the agent or attorney-in-fact) to act on your behalf. The document authorizes the agent to make either a limited or broader set of decisions. The term "power of attorney" can also refer to the individual designated to act in this way.
KEY TAKEAWAYS
A power of attorney (POA) is a legal document that gives an individual, called the agent or attorney-in-fact, the authority to take action on behalf of someone else, called the principal.
The agent can have either extensive or limited authority to make legal decisions about the principal's property, finances, or healthcare, depending on the terms of the POA.