Game of Loans: 10 Money Lessons from Game of Thrones
.Game of Loans: 10 Money Lessons from Game of Thrones
Game of Thrones.
Love it or hate it, this popular HBO series contains a wealth (pun intended) of very important social and economic lessons that we’d all do well to pay attention to.
Just like in the real world, the rise and fall of the different Houses vying for the throne is intertwined with money. In fact, Game of Thrones is somewhat unique in just how important the financial planning of the characters is to the various plot-lines.
So, just how real is this fantasy?
Here are 10 money lessons from Game of Thrones and their real-life implication to your finances.
1. Winter is Coming
“Winter is coming,” the motto of House Stark.
While the meaning behind this dark foreboding is of vigilance and preparation for the harsh winters of the north, we would do well to apply this same principle to money.
The Seven Deadly Sins of Personal Finance
.The Seven Deadly Sins of Personal Finance
By J.D. Roth updated 23 September 2019
I've been reading and writing about personal finance for more than thirteen years. In that time, I've consumed a lot of books about money. Lately, I've found that it's fun to revisit old favorites.
Recently, for instance, I've been re-reading Brett Wilder's The Quiet Millionaire [my review]. It's different than most personal finance books. It's targeted at those who are farther along their financial journeys rather than at those just starting out. Still, there are bits and pieces in The Quiet Millionaire that are applicable to everyone.
Ten years ago, I wrote that I particularly like Wilder's list of the seven enemies to financial success (which is my phrase, not his). I still like them. He writes:
If you want to become and stay the quiet millionaire, you must plan and manage your financial way of life…You must be proactive in order to obtain the financial life you want. By doing this, you will overcome the seven major obstacles to financial success.
Mental and Emotional Preparedness for Wealth
.Mental and Emotional Preparedness for Wealth - WiseWarrior
Mental and Emotional Preparedness for Money
Prosperity Consciousness Vs Poverty Consciousness
By Wisewarrior (AKA Classroom for Investing 101 and 201)
Being financially responsible is a habit, and unfortunately one we are not taught in school, or by most parents. And habits are hard to break. So if you have been living paycheck to paycheck most of your life and you suddenly have some or a lot of money, it is unlikely your spending/saving investing habits will change without some dedicated work on yourself.
I mean an honest assessment of your attitudes toward money, spending, possessions, and of course yourself. This event will change you….and I hope for the better.
Congress Gives America A Special Christmas Present: Higher Taxes
.Congress Gives America A Special Christmas Present: Higher Taxes
Notes From The Field By Simon Black
December 26, 2019 Bahia Beach, Puerto Rico
You’ve got to hand it to these people-- Congress really knows how to bring out the holiday cheer.
They have some sort of pathological need to pass the most absurd legislation at the VERY END OF THE YEAR giving people very little time to react.
Two years ago, for example, they passed comprehensive tax reform in late December 2017… and the new tax code went into effect only a few days later.
Taxpayers had no time to even understand the new law, let alone plan around it.
That’s the funny thing about taxes-- people plan their entire lives around the tax code.
They set up special structures, invest in particular assets, and go through all sorts of legal and accounting work, to make sure they’re following the tax code while they take care of their families.
Bank Secrets Revealed and Debunked
.Bank Secrets Revealed and Debunked
A Bank Teller Reveals Secrets and Debunks Banking Myths
Katherine Muniz Updated: Aug 30 2019 Editorial Disclosure
Bank secrets revealed and debunked by an unnamed bank teller at a major bank on bank practices, teller capabilit..
Bank Tellers
We all know what a visit to a bank branch will bring. Average consumers have no clue what goes on behind the glass windows of their bank's local branch.
We talked to one bank teller from a major bank and he debunked some myths, as well as shared a couple secrets of his own.
Does it really take three days for checks to clear and post to your account?
No -- It all depends on a person's credibility and the type of check it is. For instance, payroll checks usually clear right away, and so do checks deposited by customers with an ample amount of cash in their account. Sometimes a portion of the check clears right away, and the rest clears in the next few days.
The teller we spoke with said he has no knowledge of how the percentage is determined, as it is set by a system.
Do You Have A Money Mind?
.Do You Have A Money Mind?
By THE INVESTOR
During this year’s Berkshire Hathaway annual meeting, Warren Buffett discussed the importance of his eventual successor as CEO having ‘a money mind’:
“People have to have a money mind. They can be very smart but make very unintelligent money decisions; their wiring works that way…
A money mind will know what needs to be done.”
Though I was in attendance, the importance of this commentary didn’t register right away. The more I thought about it, however, the more I realised it’s a great mental model for evaluating your financial skill set, as well as those of others such as fund managers and financial advisors.
We all know otherwise well-educated people who make dumb money decisions. That person might even be you from time to time, and I’m certainly in that camp.
Indeed, in a moment I’ll share why even financially-savvy people may not always be in the right ‘money mind’ state.
Putting your mind under the microscope
The Tangled Relationship Between Wealth & Money
.The Tangled Relationship Between Wealth & Money
By John Michael Greer
And why we're focusing on the wrong economic 'fixes'
One of the most dangerous mistakes possible to make in trying to understand the shape of the economic future is to think of the fundamental concepts of economics as simple and uncontroversial. They aren’t.
In economics, as in all other fields, the fundamentals are where disguised ideologies and unexamined presuppositions are most likely to hide out, precisely because nobody questions them.
The first has been the rate at which new technologies have been developed to produce goods and services using energy derived from fossil fuels.
The Industrial Revolution didn’t get started in the first place until inventors and entrepreneurs found ways to put the first generation of steam engines to work making goods and providing services.
Understanding Contract Rates
.Understanding Contract Rates. Why, How, When and Your Safety.
Post From TNT By MacJedi
The Question was asked: Do you know where I could find more information about what a contract rate is and how to negotiate with contract rates? Thanks!
I will give you the run down on that in the short version. The US, China and Iraq have worked together to form kind of an alliance which deals with oil futures.
This means that instead of Iraq having to foot the bill for all the money that will be exchanged, they will get the US and China to payout the money for the revalued currency as China seems to have most of the money in the world and the US just creates money out of thin air anyway.
Suze Orman Says These Are The Biggest Money No-Nos
Suze Orman Says These Are The Biggest Money No-Nos
Best-selling author, TV host and personal finance guru Suze Orman has been inspiring Americans for decades to make better money moves and avoid serious financial mistakes.
She'll be the first to tell you that what you don't do with your money may be even more important than what you do with it.
Here are 22 major money don’ts — straight from the expert.
Don't be too quick to buy a home
Invest your extra money to buy your dream home -- when you're ready
What is Financial Literacy?
What is Financial Literacy?
By JJ
Do you feel like you are financially literate?
Do you know what financial literacy is?
If not, that’s okay.
The goal of this post is to help you to understand what financial literacy is and why you should care about it.
Let’s break it down.
Let’s start with the word literacy. When someone is ‘literate’ it means they have the knowledge and skills that are necessary to read and write.
When someone is ‘financially literate’ it means they have the knowledge and skills that are necessary to make well informed decisions about their personal finances.
3 Pieces of Financial Advice for Beginners By JJ
3 Pieces of Financial Advice for Beginners
By JJ
I have always been good with my money.
I’m not trying to brag, it’s just the truth.
While some people get a high off of shopping, I get my kicks watching my investment accounts grow.
I’ve always had an interest in personal finance however, it’s only been over the last year and a half that I have completely buried myself in financial books, podcasts and blog posts trying to absorb as much financial advice as possible.
Last year I had my first child, my little boy!