.Patience May Be A Key Economic Indicator
.Patience May Be A Key Economic Indicator
Why wealth and patience appear to go hand in hand
Patience is often thought of in terms of social interactions. But the ability to bide one’s time also plays into national economics.
July 29, 2019 By Danny Jin Staff writer
Patience may be a virtue, but it could also be a key economic indicator.
Economists are interested in values like patience, altruism, and trust because they play key roles in how people behave.
.Fathers Confess: Don't Make the Same Money Mistakes I Did
.Fathers Confess: Don't Make the Same Money Mistakes I Did
US News By Hal Bundrick
In life, there are occasions when we wish we could get a "do-over." Just as in the movie "Groundhog Day" or Tom Cruise's latest sci-fi thriller "Edge of Tomorrow," we would love the opportunity to keep doing something over and over until we get it right. In honor of Father's Day, we're going to give a few dads a mulligan on their money mistakes.
Lesson Learned
Mike Robbins, a motivational speaker and author of "Nothing Changes Until You Do," admits to making his share of financial mistakes and fully intends to pass on what he's learned to his two daughters, ages 5 and 8. Robbins' earliest memory of how financial pressures can affect a family goes back to when he was 8 years old.
South Dakota Is Fast Becoming A Mini-Switzerland For The World’s Rich
.South Dakota Is Fast Becoming A Mini-Switzerland For The World’s Rich
Billionaire Divorce Uncovers Secretive World Of Trusts In South Dakota
May 6 2020 Robert Frank@ROBTFRANK
Louise Connelly@LOUISEBCONNELLY and Scott Zamost@SCOTTZAMOST
KEY POINTS
In a lawsuit, Marie Bosarge claims that her estranged husband, Texas billionaire Ed Bosarge, created trusts “to hide income and property and to hold what would otherwise have been personal income and assets.”
More than just another billionaire divorce spat, the case offers a rare window into the highly secretive world of asset trusts in South Dakota.
South Dakota is fast becoming a mini-Switzerland for the world’s rich trying to shield their assets.
Billionaire divorce shines light on South Dakota trusts
During their more than 30 years of marriage, Texas billionaire Ed and Marie Bosarge accumulated an unusual collection of treasures.
They owned 12 homes, including five properties in Maine and a private island in the Bahamas. They had a 180-foot sailing yacht with its own grand piano. They bought a $5 million Egyptian mummy. Marie bought some of Marilyn Monroe’s personal effects, including her furniture, dresses and bras.
Another Week, Another $3 Trillion Bailout
.Another Week, Another $3 Trillion Bailout
Notes From The Field By Simon Black May 18, 2020 Bahia Beach, Puerto Rico
At precisely 9:26pm this past Friday night, May 15th, the House of Representatives in the United States passed the “Health and Economic Recovery Omnibus Emergency Solutions Act.”
For short, they call it the HEROES Act.
And yes, it’s as ridiculous as it sounds.
Bear in mind that Congress passed the first bailout bill-- the “Families First Coronavirus Response Act” on March 14th. That set the taxpayers back $1.3 trillion.
Less than two weeks later, Congress passed the “Coronavirus Aid, Relief, and Economic Security Act”, or CARES, which cost a hefty $2 trillion.
"Dying Economy, Fed Incompetence"
."Dying Economy, Fed Incompetence" - Robert Kiyosaki Sees Bitcoin At $75k In 3 Years
By Tyler Durden Sun, 05/17/2020 – Zero Hedge Authored by Jeffrey Albus via CoinTelegraph.com,
Robert Kiyosaki (Rich Dad Poor Dad) predicts that Bitcoin’s price will rise nearly 100% per year over the next three years.
Robert Kiyosaki, businessman and best selling author of the book Rich Dad, Poor Dad, has taken to Twitter once again to proclaim his bullish position on Bitcoin.
His prognosis? BTC’s price is heading to $75,000 in three years.
How Kiyosaki values each asset
In a viral May 16 tweet, Kiyosaki states that his fear of a dying economy has led him to purchase more of three assets that he ostensibly considers valuable outside of the traditional financial system: Gold, Silver, and Bitcoin (BTC).
Unmasking A Post-COVID Future Information Briefing #153
.Unmasking A Post-COVID Future Information Briefing #153
White Hats Auxiliary / Information Center May 17, 2020 by whitehatsauxiliaries
To Unite In Support Of The White Hats, Accurately Inform About The Mission To Release The World Global Settlements/Global Currency Reset, And Explore The New Frontier Of Digital Wealth
Unmasking A Post-COVID Future
For Millennia, Mankind has evolved under the conflicts of Religions, Hegemony, Race and Materialism. Whatever came our way, including Pandemics, we adjusted, and economies grew. We are the Global Top Primate Species. Top of the Food Chain. But Covid-19 is loose now as the ultimate Lab Bats cocktail.
The Wild Card, no courtesy of China.
We are – Defenseless. It is merciless and indiscriminate. Nations’ Borders are no barriers. The Chinese travelling mobile human Ants have carried it everywhere.
Sometimes the Best Decision for Your Company Isn’t the Most Popular
.Sometimes the Best Decision for Your Company Isn’t the Most Popular
An Interview with James Tonkin
Yitzi Weiner Mar 28, 2019
“…reading his book gave me a lot of insight into making good decisions for the right reasons. Sometimes they may not be popular but they’re really important. Nobody told me that before I got in to becoming a leader myself. Understanding how you make good decisions and sharing that decision making process with others so they buy into the concept is really important.”
I had the pleasure of interviewing James S. Tonkin, President and Founder HealthyBrandBuilders
For more than 44 years, Jim has served the private sector as a brand and marketing development professional and Founder and President of HealthyBrandBuilders. He directs the building and design of national infrastructures for food and beverage industry clients.
10 Critical Habits the Wealthy Learned From Their Parents
.10 Critical Habits the Wealthy Learned From Their Parents
Rich Habits Poor Habits Podcast December 29, 2018 By Thomas C. Corley
The wealth gap is widening around the world. The rich get richer and the poor get left behind. But why does this happen? According to Tom Corley, the gap is really a parenting gap, not a wealth gap.
In today’s podcast episode, we’ll discuss 10 critical habits that the self-made wealthy learned from their parents. This will help you understand the lessons that you should be teaching your children to help them grow up to be successful. And if you haven’t yet learned these lessons yourself, it’s not too late to do so.
10 critical habits the wealthy learn from their parents
You create your life. Your life is not determined by the government, other people or external circumstances. You are the pilot of your life.
Warren Buffett On How To Financially Survive COVID-19
.Warren Buffett On How To Financially Survive COVID-19
Warren Buffett says this is how to financially survive COVID-19
Doug Whiteman MoneyWise May 15, 2020
When Warren Buffett speaks, investors listen. The folksy financial guru who eats at McDonald's and still lives in his hometown of Omaha, Nebraska, is a billionaire many, many times over, so followers hang on his every word for tips on how they can be wealthy, too.
Lately, ears have been pricking up as Buffett has shared some money wisdom about the coronavirus calamity.
Your Money Beliefs Can Help You Get Rich (or Stay Poor)
.Your Money Beliefs Can Help You Get Rich (or Stay Poor)
Your Wealth Generating Machine (Invest)
How we humans view money is complex.
We’ve existed far longer than the concept of cash. It’s so new that only a few thousand years ago barter was a more popular form of acquiring what we needed and wanted.
So what is money?
At its core, money is power. Power to buy the things we need or want, power to acquire experiences, power over our time, and the incredible power to give us financial peace of mind.
If you were looking at modern currency for the first time, you’d likely say it appeared to be worthless pieces of paper and little slugs of metal.
Economists will rightly say that money is an efficient and universal means of exchange.
How to Care for Your Pet After You’re Gone
.How to Care for Your Pet After You’re Gone
A Pet Trust? Your Will? How to Care for Your Pet After You’re Gone
By Wendy Berkowitz — May 5, 2020
As much as we may view our pets like family, legally, they’re considered property. That means you can’t leave any money directly to your pet—though it’s not like Fido would know exactly how to spend it, anyway.
So, how do you make sure your pets are provided for after you’re gone? We spoke to David Roer, CPA, MST and Partner at Raich, Ende, & Malter, Co. to get the lowdown.
“The first step in the process is to identify an individual you would want to care for your pet. Then, be sure to communicate with them to make sure they’re on board,” he says.
From there, you have a few options: an informal agreement, a clause in your will or a trust.
The most ideal path is to formalize things in your will or with a trust, “to make sure everything is legally documented and communicated,” Roer says.