For the Love of Money
.For the Love of Money
By Sam Polk, Sunday Review
In my last year on Wall Street my bonus was $3.6 million — and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted.
Eight years earlier, I’d walked onto the trading floor at Credit Suisse First Boston to begin my summer internship. I already knew I wanted to be rich, but when I started out I had a different idea about what wealth meant
I’d come to Wall Street after reading in the book “Liar’s Poker” how Michael Lewis earned a $225,000 bonus after just two years of work on a trading floor.
That seemed like a fortune. Every January and February, I think about that time, because these are the months when bonuses are decided and distributed, when fortunes are made.
I’d learned about the importance of being rich from my dad. He was a modern-day Willy Loman, a salesman with huge dreams that never seemed to materialize. “Imagine what life will be like,” he’d say, “when I make a million dollars.”
Take My Cash, You Discriminatory Corporate Buffoons
Take My Cash, You Discriminatory Corporate Buffoons
By Ashwin Rodrigues Jul 31 2019,
Posted in Dinar Recaps Archives 8/2/2019
'We don't take cash' is another way to say 'No broke people allowed.'
Disdain for poor people is often packaged as an innocent design choice. There is, for instance, an entire genre of architecture dedicated to subtly preventing people from sleeping or lying down.
But cashless businesses, which retailers claim improve store operations, and which seem to keep popping up in the bougiest corners of the cities that have not banned them, are an especially offensive and insidious way to keep lower-wage people out of coffee shops and salad spots.
Cash bans turn regular retailers into semi-private spaces, as some consumers, such as those who are “unbanked” (without a bank account) and “underbanked” (those who have a bank account but rely on alternative, often predatory financial products like check cashing) cannot afford the cost of admission.
Quotes That Can Change Your Attitude Towards Money
.Quotes That Can Change Your Attitude Towards Money
50 Money Quotes by Famous People that Can Change Your Attitude Towards Money
Catherine Alford
Catherine Alford is a personal finance freelance writer who received a B.A. from The College of William and Mary and an M.A. from Virginia Tech.
When you need advice about your finances, it’s often quite inspirational, interesting, and even funny to research the opinions of famous businessmen, thinkers, and celebrities. Check out our 50 favorite money quotes below: we hope they can help you change your attitude towards money in a positive way.
1. “Money can’t buy friends, but you can get a better class of enemy.” Spike Milligan
2. “Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants.” Benjamin Franklin
3. “A wise person should have money in their head, but not in their heart.” Jonathan Swift
4. “Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.” Donald Trump
5. “Money often costs too much.” Ralph Waldo Emerson
6. “A man is rich in proportion to the things he can afford to let alone.” Henry David Thoreau
7. “You can only become truly accomplished at something you love. Don’t make money your goal. Instead, pursue the things you love doing, and then do them so well that people can’t take their eyes off you.” Maya Angelou
8. “Money is usually attracted, not pursued.” Jim Rohn
How Will You Handle Close Family Members?
.How Will You Handle Close Family Members?
By Muhammad Ali
This is a very delicate subject and the nice thing with this long wait for the RV, I have had many years to think about and research it. So in this article, I'd like to share some ideas from my research. I too have family and I also want to help them along with some of my friends and neighbours.
On my Currency Exchange Planner website, I have a Survey and one of the questions I added was:
Who do you plan to help your immediate family, extended family (brothers, sisters, and in-laws), charities or community?
My Family
Extended Family
Charities
Community
(Choose all that apply)
I have had many people complete the survey and I look thru each result and what I've noticed by far the most prominent choices are My Family and Extended Family, then Charities and Community.
So this tells me there is a lot of truth in the saying Charity begins at home. For the sake of this article I will group your family and extended families as just family members, this will also include friends or neighbours that you plan to help.
Surprisingly Honest Quotes About Money
.Surprisingly Honest Quotes About Money
From Entrepreneurs, Celebrities, Authors and Athletes
The lifestyles of the rich and famous haven't always been so charmed.
Lydia Belanger
You might think celebrities never worry about money or don’t think twice when shelling out for fancy cars and clothes or even basic necessities. But the reality is, many of the most successful entertainers and entrepreneurs didn’t come from wealthy backgrounds. In many cases, even if they did grow up comfortable, they had to survive on their own dime before finding fame or fortune.
To help today’s financially anxious young people feel less alone in their money woes, digital investment service Wealthsimple is running an ongoing series called “Money Diaries.”
It features candid interviews with actors, authors, athletes and more about their first experiences with money (odd jobs and allowances), scraping by in their 20s, managing an influx of cash when they had their big breaks and more.
Many of the celebrities, entrepreneurs and thinkers featured in the series are forthcoming and vulnerable in the anecdotes they share. They don’t take money for granted -- they save it and think twice before they spend it. Most notably, many of them acknowledge that money is fleeting.
Click through to learn how Anthony Bourdain, Margaret Atwood, Iman Shumpert and other successful folks think about money.
Some quotes have been edited for clarity.
45 Carlos Slim Helu Quotes About Wealth & Success
.45 Carlos Slim Helu Quotes About Wealth & Success
By Dan Western
Carlos Slim Helu is a Mexican business magnate, investor, and philanthropist;
He was also once the richest man in the world, according to Forbes, and now remains on the list of the top 10 billionaires worldwide.
Carlos Slim’s conglomerates include real estate, retail, hospitality, education, health care, industrial manufacturing, energy, transportation, media, entertainment, high-technology, sports, and financial services.
We’ve put together this collection of the greatest Carlos Slim Quotes:
45 Carlos Slim Helu Quotes
1. “All times are good times for those who know how to work and have the tools to do so.” – Carlos Slim Helu
2. “I’ve always said that the better off you are, the more responsibility you have for helping others. Just as I think it’s important to run companies well, with a close eye to the bottom line, I think you have to use your entrepreneurial experience to make corporate philanthropy effective.” – Carlos Slim Helu
3. “Staying occupied displaces preoccupation and problems, and when we face our problems, they disappear.” – Carlos Slim Helu
4. “The truth is, you leave this world with nothing. What you are is a temporary administrator, and you must administer well… the wealth in your care, and generate more. The surplus can be used to do many things for people.” – Carlos Slim Helu
5. “Competition makes you better, always, always makes you better, even if the competitor wins.” – Carlos Slim Helu
6. “It’s important to give a better country to your children, but it is more important to give better children to your country.” – Carlos Slim Helu
7. “Inertia is in our minds always.” – Carlos Slim Helu
8. “The only way you finish with poverty is with jobs.” – Carlos Slim Helu
How The Rich Enrich Themselves
.How The Rich Enrich Themselves
The Final Wake Up Call By Peter B Meyer
Perpetual Debt Slavery
Some economic experts conclude the great global wealth divide is a cultural issue. Several nations – England, the United States and the Netherlands, for example – adopted early on just the right cultural combination of free markets and light regulation and taxation. Essentially, they were pro-business from the beginning, and that paid off.
Yet, most people are totally clueless that their money has no value, and that the Central Bank’s banking system, and Governments are totally corrupt. Be aware, we, the people and all the countries together are simply one nation under God, as are equally all other 209 sovereign nations on Earth.
Regrettably, most people have lost their shining light as a beacon of self-esteem. To address this short-coming; every citizen should take note of the following information to understand how and why we the people have been manipulated into perpetual debt slavery.
Money and banks were founded on faulty public sentiment. Money should be a symbol of value; the same way a little stone or carved piece of wood is a symbol of God. But, in the modern world, money is a commodity, like beer and cheese.
There are many different kinds of money in exactly the same way as there are many brands of beer and cheese, and they all present their own national characters and peculiarities.
However, there is a profound difference between money which has a value in-and-of-itself, such as a gold coin that has intrinsic value, which is not the case with legal tender currencies, bonds, notes and letters of credit. Additionally, there is another market on this same basis, in securities, like stocks and commodity futures.
15 Quotes From Successful Investors That Will Change Your Life
15 Quotes From Successful Investors That Will Change Your Life
From Pocket Sense By Natalie Saar
It takes a wise person to make millions and billions of dollars from investments, so why not partake in some of that wisdom? From Berkshire Hathaway CEO Warren Buffett to historically notable inventor and investor Benjamin Franklin, here are some words to live by some some of the wisest people in the history of investing, and not just when it comes to money.
1. Don't Lose Money
“Rule number one: Don’t lose money. Rule number two: Don’t forget rule number one.” – Warren Buffett
This seems pretty straightforward, but it’s incredible to think about how often in our lives we lose money because of one reason or another. Las Vegas has made billions of dollars off of people prepared to lose money without a real hope of making it back. It may not be the golden rule, but it’s certainly one to keep close to the chest.
2. Invest in Knowledge
"An investment in knowledge pays the best interest." – Benjamin Franklin
Whether you're considering investing or switching careers, investing in knowledge will pay dividends in time and money. Consider the five-hour rule – something Oprah, Buffett and Bill Gates all adhere to.
It’s simply spending five hours a week learning something new. If you’re not already doing this, consider adding it to your schedule for the week. There are endless resources online to get yourself on the right track, whether it’s simple YouTube videos, borrowing a book from your local library or subscribing to an educational site like Skillshare or The Great Courses.
“Gold Market Fraudulent, Already in Deep Default"
.“Gold Market Fraudulent, Already in Deep Default, Cannot Deliver 5,900 Tons”
By Greg Hunter’s USAWatchdog.com
“Financial writer and precious metals expert Bill Holter says big delivery demands are flashing a warning sign that something is very wrong in the gold market. Holter explains, “What’s happened so far this year, there have been roughly 5,900 tons of gold sent to London under ‘exchange for physical.’
The world only produces 2,700 tons a year. There is only one official hoard in the world that is more than that, and that is 8,300 tons in the U.S. Treasury. It has not been audited since 1956.
What I am telling you is over 200% of annual production has been sent to London for delivery, and it is an impossibility to deliver. The metal doesn’t exist. Once it gets to London, it is totally shrouded. We see nothing in terms of proof or verification that delivery is being made. It’s being sent to London to die.”
Would You Trust an Online-Only Bank?
.Would You Trust an Online-Only Bank?
Here’s What You Should Know
By Jamie Cattanach Contributor DECEMBER 4, 2019
Choosing a bank account is a big deal. After all, you’re handing the institution what’s most likely the majority of your money for safekeeping. You want to make sure it’s actually safe.
You also need to be able to access that cash for all your day-to-day operations, like paying bills or coughing up for your share of the pizza.
Along with choosing from multiple financial institutions, banking in 2019 and beyond means making another important decision: Will you use of one of the many all-digital, online-only banking options, or will you keep it old school by opening an account at brick-and-mortar facility?
Are Online Banks Safe?
In a recent survey conducted by The Penny Hoarder, more than 50% of respondents said they wouldn’t consider using an online bank, and more than 19% were unsure about using one. Given how much of our lives are conducted online these days, we found that data point surprising.
But on the other hand, we do understand having reservations when it comes to money matters. Walking into a stately, brick-built bank can make it feel less scary to hand over your hard-earned cash.
What a Financial Trainwreck Can Teach Us
.What a Financial Trainwreck Can Teach Us: Six Mistakes to Learn From
By Donna Freedman
A married couple recently confessed to some horrifying money blunders in an interview on the WealthSimple website. In their mid-40s and the parents of three kids, the pseudonymous Kate and Tom bring in $160,000 a year through their day jobs in insurance, with additional funds whenever Tom moonlights as a bartender for private parties.
Yet they have always spent more than they earned, and cannot seem to learn from previous mistakes. A few examples:
After wiping out their credit card balances a decade ago, they charged them back up even higher.
They have postponed paying back Kate’s law-school loans, which are now up to either $120,000 or $140,000 (she isn’t sure – and incidentally, she has never practiced law).
They spend “insane amounts” of money on groceries at places like Whole Foods (where one of their kids likes to snack on $15 sushi).
They bought their son a tux at prom time, because they couldn’t afford the rental fee but hadn’t yet maxed out the Nordstrom card.
Clearly this couple is a financial trainwreck. But they have something to teach us, if we’re willing to listen.
It’s easy to scorn the protagonists as entitled or clueless. You’d never be that foolish. You’d never go into debt, get yourself out, and then go back in. You’d never borrow from family members, or cash in a 401(k), or use a credit card to put your kids in private school.
Maybe you wouldn’t. Or maybe scorning other people’s mistakes keeps you from having to look too hard at your own behaviors.