.Millionaire Statistics, Facts and Resources for 2020
..Millionaire Statistics, Facts & Resources for 2020
How Many Millionaires Are There?
There are several methodologies used to determine an answer to this simple question, resulting in many different answers. Be sure to understand how the calculations were made so that it’s consistent with how you want to use the data. After much of our own research, below are the sources and statistics that we believe are the best.
Credit Suisse’s latest global wealth report shows there are 46.8 million millionaires (measured in USD) worldwide, up 1.1 million over the last 12 months.
Of those, 40% or 18.6 million individuals are in the United States
..The Money Counterfeiters
..The Money Counterfeiters
The Final Wake Up Call By Peter B Meyer
Central Banks and Tax Offices Are Cabal Owned Corporations
Inflation Is Plain Theft Eventually Leading To Stagflation
Free Money Is A Scam Corrupting Society
The Deep State Is Losing Global Control
In the two previous articles here and here readers have been revealed the corrupt money system and how and why it was created, plainly for the purpose as tool to putting all of us in debt slavery.
After about 110 years, from which the last 50 years only backed by paper, the Deep State’s fiat dollar system is now running out of steam and blowing itself up.
Because, they haven’t been able to create a world event – e.g. WW3, to urgently replace the system with another fraudulent money scheme. Prearranged, the so called SDR-World money system, run by the IMF in the function as central bank for the whole world.
Under the existing fraudulent monetary system, debt in real terms, becomes impossible to be repaid, whereas the required debt liquidation can only be accomplished by debasement of the currency, i.e. inflation.
.Magnitude Matters
.Magnitude Matters
Rand Spero | January 16, 2020
WHY DON’T WE spend our time and energy on financial issues that have the greatest impact? We’ll drive to a more distant gas station to save 10 cents a gallon, but fail to do all the maintenance needed to extend the life of our car. What lies behind this sort of behavior?
The savings from getting the best price per gallon is concrete and immediate, while maintaining our car is long term and abstract. It’s simply easier to focus on the 10 cents.
I have a relative who stayed at a $500-a-night luxury hotel in downtown Boston. He emailed me to bring him water when I visited, because the hotel charges $5 per bottle.
.The Laws of Investing
.The Laws of Investing
By Morgan Housel
Think of how big the world is. And how good animals are at hiding. Now think about a biologist whose job it is to determine whether a species has gone extinct.
Not an easy thing to do.
A group of Australian biologists once discovered something remarkable. More than a third of all mammals deemed extinct in the last 500 years have later been rediscovered, alive:
We identified 187 mammal species that have been missing (claimed or suspected to be extinct) since 1500. This number includes all such mammals for which we were able to find key variables for analysis. In the complete dataset, 67 species that were once missing have been rediscovered.
A lot of what we know in science is bound to change. That’s what makes science great, what makes it work, and what distinguishes it from religion. Science is filled with rules, evidence-based theories, and probabilistic observations. Laws – immutable truths lacking exceptions – are rare. Most fields only have a handful.
.How to Find Your Money ‘Why’
.How to Find Your Money ‘Why’
By Katherine Fusco | November 8, 2019
There are lots of reasons to spend money, some good, some bad, most compelling. Of course, this is by design.
Not spending money, though… that’s a trickier thing. The reasons not to spend—or to save, if you’d like to put it more positively—are often vague, rooted in a fuzzy sense of what one should do.
When people are tired or temptations are especially aggressive (hello, holiday season!), the vague I should pay off my debt crumbles in the face of beautiful store displays or delicious scents wafting from strategically open bakery doors.
More than this, advertising often appeals to our sense of self, frequently tying products to concepts or feelings that we truly believe in. How many bath bombs have been purchased on credit cards in the name of self-care? How many unused vitamins and supplements under the name of wellness?
.What to Do When Money Causes Friend Drama
.What to Do When Money Causes Friend Drama
By Rachel Miller Jan 15 2020
When a pal keeps suggesting restaurants you can't afford or making snide comments about your salary, it's time to say something.
Knowing you have to have a money conversation with someone is stressful. Even fairly straightforward situations can lead to endless procrastination followed by an hour of strategizing with a close friend before you finally text your roommate… “Hey, could I get the rent check from you later today?”
But the anxiety makes sense: a person’s finances can be deeply intertwined with their ego, identity, beliefs, and sense of self-worth. And because talking about money often means communicating a desire or a need, it can leave us feeling very vulnerable.
.What to Do When a Friend Owes You Money and Hasn't Paid Up
.What to Do When a Friend Owes You Money and Hasn't Paid Up
By Rachel Miller Jan 29 2020
You might decide that getting your cash isn’t worth a big to-do with a close friend… but if it’s an acquaintance who stiffed you, or a lot of money is at stake, that might be an entirely different story.
Conventional wisdom says that you shouldn’t loan money to friends… but anyone who tells you that has clearly never tried to book an AirBnb for eight people who live in different states, or asked a waiter to split a bill five ways. At some point or another, you or your friends will owe each other money.
Ideally, this will be resolved quickly: you will send a Venmo request, they will accept, life will go on. But of course, that won’t always be the case. In instances where things are more complicated, here’s how to handle it.
.How to Prepare for an Economic Slowdown
.How to Prepare for an Economic Slowdown
By Denise Hill on 23 October 2018
How to Prepare Your Money for the Coming Economic Slowdown
Predicting an economic downturn can seem as mystical and convoluted as reading tea leaves. However, the economic tea-leaf readers — financial experts — are warning that the economic winds are changing.
Even though unemployment is still low, there are other economic indicators causing financial analysts to predict lean financial seasons. First, economic growth has all but stalled.
The rate of wage increase has stagnated. The Constant Maturity Treasury (CMT) rates, which are used to measure and predict future interest rates, economic growth, and output, are near flatlining — and threatening inversion. This means that as the economy continues to slow down, consumer interest rates will rise and investment earnings will lose momentum, possibly even losing money.
.How Tariffs Impact Your Finances
.How Tariffs Impact Your Finances
Tariffs: What They Are and How They Impact Your Finances
By Tim Lemke on 16 March 2018
President Trump recently announced new tariffs on imports of steel and aluminum, in a move that got mixed reviews from business and political leaders. The new tariffs would increase levies on aluminum by 10 percent and steel by 25 percent.
There is much debate about the sensibility of these tariffs, but rather than wade into that morass, let's examine what tariffs are and how they impact the economy and your investments.
.Repo Markets in Panic
.Repo Markets in Panic
The Final Wake Up Call By Peter B Meyer
The End Of Existing Global Financial Debt-Money System
Reflation is a fiscal or monetary policy, designed to expand a country’s output and curb the effects of deflation. This now is going in reverse, changing in the opposite direction. In fact, debt reflation in the opposite direction is deflation of debt, making the economic situation worse, leading to contraction, propelling the economy into a collapse.
Less debt means less debt-money or credit-money in circulation, which are the same for a better understanding. Therefore, there is less money in circulation, meaning lack of available money. In other words, it is the end of the existing global financial debt-money system.
When a central bank economy is contracting it automatically creates a shortage of new debt, thus available debt-money too. That – and not a lack of any reform is triggering the Repo crisis.
Any financial system based on debt-money, like the current will blow up anyway. No paper-money system has ever survived a full credit cycle, because paper money – is a form of primitive, credit/debt-backed money – without any discipline it is unlimited.
.Why an Accountant Is Worth the Money
.Why an Accountant Is Worth the Money
By Max Wong
Anyone who is at all familiar with me knows that my yearly earnings put me squarely in the economic category commonly referred to as the Working Poor. So when I mention that I pay $550 a year for an accountant to help me with my finances, people typically give me that sad look that they reserve for mediocre subway violinists and ugly babies.
And then there's the thick pause in the conversation when the other person decides against asking this question out loud: Um, don't you write about personal finance?
In answer to the silent, questioning looks, and in defense of my financial decisions, there are so many reasons why my accountant is worth the money.
1. An Accountant Is Cheaper Than Therapy
Oh my God. What if I forget something?