Organize Important Papers in Case of Emergency
.Organize Important Papers in Case of Emergency
Help others find key documents and records if you are incapacitated
Based on content from the NIH/National Institute on Aging AgePage "Getting Your Affairs In Order."
No one ever plans to be sick or disabled.
Yet, planning ahead can make all the difference if you take an unexpected trip to the hospital or suffer a health problem making it hard to remember where you put everything.
Good planning and organization is a gift to those who will help you manage your health and financial affairs if needed.
Organize Important Papers in Case of Emergency
Help others find key documents and records if you are incapacitated
Based on content from the NIH/National Institute on Aging AgePage "Getting Your Affairs In Order."
No one ever plans to be sick or disabled.
Yet, planning ahead can make all the difference if you take an unexpected trip to the hospital or suffer a health problem making it hard to remember where you put everything.
Good planning and organization is a gift to those who will help you manage your health and financial affairs if needed.
Steps for Getting Your Affairs in Order
Put your important papers and copies of legal documents in one place. You could set up a file, put everything in a desk or dresser drawer, or just list the information and location of papers in a notebook. If your papers are in a bank safe deposit box, keep copies in a file at home. Check each year to see if there's anything new to add.
Tell a trusted family member or friend where you put all your important papers. You don't need to tell this friend or family member about your personal affairs, but someone should know where you keep your papers in case of emergency. If you don't have a relative or friend you trust, ask a lawyer to help.
Give consent in advance for your doctor or lawyer to talk with your caregiver as needed. There may be questions about your care, a bill, or a health insurance claim. Without your consent, your caregiver may not be able to get needed information. You can give your okay in advance to Medicare, a credit card company, your bank, or your doctor. You may need to sign and return a form.
Which Legal Documents Are Needed?
There are many different types of legal documents that can help you plan how your affairs will be handled in the future. Many of these documents have names that sound alike, so make sure you are getting the documents you want. Also, state laws do vary, so find out about the rules, requirements, and forms used in your State.
Wills and trusts let you name the person you want your money and property to go to after you die.
Advance directives let you make arrangements for your care if you become sick. There are two ways to do this:
To continue reading, please go to the original article here:
https://www.nextavenue.org/organize-important-papers-case-emergency/
What You Should Keep in a Fireproof Safe – And What You Shouldn’t
.What You Should Keep in a Fireproof Safe – And What You Shouldn’t
If you’ve read up on fire safety, you’ve likely taken precautions to keep your family safe and prepared — you’ve equipped your home with a smoke detector on every floor, established an emergency escape plan with your family, and invested time in teaching your children to call 911 in case of a fire emergency. You’ve taken the steps to protect your family — but have you fully protected your most valuable possessions?
In an instant, a household fire can destroy treasured items, documents, and a lifetime of memories. You can protect your valuable possessions by storing them appropriately. Today, many people opt for a fireproof safe, rather than paying to keep their belongings in a safety deposit box at the local bank.
What You Should Keep in a Fireproof Safe – And What You Shouldn’t
If you’ve read up on fire safety, you’ve likely taken precautions to keep your family safe and prepared — you’ve equipped your home with a smoke detector on every floor, established an emergency escape plan with your family, and invested time in teaching your children to call 911 in case of a fire emergency. You’ve taken the steps to protect your family — but have you fully protected your most valuable possessions?
In an instant, a household fire can destroy treasured items, documents, and a lifetime of memories. You can protect your valuable possessions by storing them appropriately. Today, many people opt for a fireproof safe, rather than paying to keep their belongings in a safety deposit box at the local bank.
The benefit to having a fireproof safe at home is that you can access original copies of crucial documents (like insurance papers and passports) immediately — not just during the bank’s business hours.
Additionally, valuables and cash stored in a safety deposit box aren’t always covered through FDIC insurance, while homeowners and renter’s insurance may cover items kept in a safe at home.
If you have — or are considering buying — your own fireproof safe, it’s worth noting that these safes are best used for specific purposes. It’s important to learn which items should be kept in a fireproof safe for ultimate security; and which are best kept elsewhere.
What to Keep in Your Fireproof Safe
Standard fireproof safes protect your valuables against intense heat and smoke damage, for periods of up to 120 minutes. The best type of fireproof safe for you depends on the items you wish to store.
When deciding which fireproof safe to get, keep these points in mind:
Paper, passports, certificates, and documents require a safe capable of withstanding 350 degrees F or more.
Digital media — such as memory sticks, USBS, CDs and DVDs — require a safe that can withstand 238 degrees F or more.
Data such as computer backups, internal hard drives, and tapes are the most vulnerable; these require a safe that may withstand temperatures of 150 degrees F or more.
If you’ll be storing a combination of items from all three categories listed above, opt for a more resistant safe to encompass all of the requirements. Here are the most recommended items to store in a fireproof safe:
To continue reading, please go to the original article here:
http://www.westernsafesandiego.com/blog/keep-fireproof-safe-shouldnt/
Where Should You Keep Your Emergency Fund?
.Where Should You Keep Your Emergency Fund?
By AJ Smith
We have all heard and (hopefully) heeded the advice to keep between three and six months' worth of expenses aside as an emergency fund. Even if you feel like you have a handle on budgeting for your day-to-day expenses, what happens when the unpredictable hits with the potential to set your finances back?
This stash is not meant for buying a home or going on a trip, it is for real emergencies. It's a good idea to make growing an emergency fund a priority and where we keep this money can make a big difference.
It's important for the money to be accessible, but it can also be earning interest while waiting to be tapped. If you are building up your emergency fund and looking for a better place to keep it than under the mattress, check out these options of places to park your emergency fund.
Where Should You Keep Your Emergency Fund?
By AJ Smith
We have all heard and (hopefully) heeded the advice to keep between three and six months' worth of expenses aside as an emergency fund. Even if you feel like you have a handle on budgeting for your day-to-day expenses, what happens when the unpredictable hits with the potential to set your finances back?
This stash is not meant for buying a home or going on a trip, it is for real emergencies. It's a good idea to make growing an emergency fund a priority and where we keep this money can make a big difference.
It's important for the money to be accessible, but it can also be earning interest while waiting to be tapped. If you are building up your emergency fund and looking for a better place to keep it than under the mattress, check out these options of places to park your emergency fund.
Online Savings Account
Traditional savings accounts can be great for those of us who like to play it safe, but interest rates will not do much for you. Online banks do tend to offer slightly higher rates and lower fees so you could see a little more growth.
Furthermore, it's important to keep your emergency savings fund away from your normal checking account so you have some separation between your spending cash, cash for other savings goals and your emergency cash.
Money Market Account
This is a common place for emergency funds for those looking to get better interest rates. They are similar to regular savings accounts in terms of FDIC insurance and limits on the number of withdrawals you can make each month, but typically require a higher minimum deposit and they sometimes carry higher fees. It's a good idea to read the fine print before choosing which account to keep your emergency fund in.
To continue reading, please go to the original article here:
http://finance.yahoo.com/news/where-keep-emergency-fund-113007957.html
The Real-Life Secrets of Millionaires
.The Real-Life Secrets of Millionaires
By Kimberly Palmer
Several years ago, New York Times Wealth Matters columnist Paul Sullivan opened up his finances to a group of high-powered, high-net worth investors known as Tiger 21. Members gather regularly to discuss investing strategies and at one meeting, Sullivan asked them to critique his own -- relatively meager by their standards -- financial life.
"Given what I do, I thought [my wife and I] had a handle on it, but what I learned from that meeting is that we hadn't thought enough about the risks in life," Sullivan says. Those risks include declining incomes and the unexpected death or disability of a household wage earner.
As a result of that meeting, Sullivan and his wife took out life and disability insurance policies and sold off a condo in Florida that had been a vacation home for the family.
The Real-Life Secrets of Millionaires
By Kimberly Palmer
Several years ago, New York Times Wealth Matters columnist Paul Sullivan opened up his finances to a group of high-powered, high-net worth investors known as Tiger 21. Members gather regularly to discuss investing strategies and at one meeting, Sullivan asked them to critique his own -- relatively meager by their standards -- financial life.
"Given what I do, I thought [my wife and I] had a handle on it, but what I learned from that meeting is that we hadn't thought enough about the risks in life," Sullivan says. Those risks include declining incomes and the unexpected death or disability of a household wage earner.
As a result of that meeting, Sullivan and his wife took out life and disability insurance policies and sold off a condo in Florida that had been a vacation home for the family.
"They were so direct and harsh about that being a possible drain, if we weren't able to sell it if something bad happened. That was a wake-up call," Sullivan says.
The lessons he absorbed from that wealthy, exclusive group of over 300 members across the U.S. and Canada led Sullivan to write his new book, "The Thin Green Line: The Money Secrets of the Super Wealthy." The title refers to the security that can come from knowing you're prepared for a negative event, like a layoff, no matter how much money you have or earn.
"The people in the book who I call wealthy, whether they're a teacher or a hedge fund manager, are wealthy because they have security. They have behaviors around money that let them be in control of their lives when something bad happens," he says.
Those behaviors, Sullivan says, can be learned or even adopted later in life. As someone who grew up without much money, he says it took him a long time to have a healthy relationship with it.
He would avoid credit card debt and overspending so assiduously that he often wore threadbare clothing and skipped even affordable purchases he would have enjoyed. "You should be able to spend money on things you enjoy. If you love $4 Starbucks lattes, then buy it," he says.
If you're looking to adopt some secrets of the wealthy, Sullivan suggests the following strategies:
To continue reading, please go to the original article here:
http://finance.yahoo.com/news/real-life-secrets-millionaires-130000578.html
What to Do When You Inherit Your Parents' House
.What to Do When You Inherit Your Parents’ House
Advice for selling it, moving in or renting it out used 6-17-20
By Craig Venezia July 1, 2019
Boomers stand to inherit upwards of $27 trillion over the next four decades, according to The Center of Wealth and Philanthropy at Boston College, and a portion of that includes the house their parents lived in.
But when that house becomes yours, figuring out what to do with it can present financial and emotional issues. If your siblings are involved, things can get even trickier.
“There are three basic paths you can take,” says Bruno Graziano, a senior estate planning analyst with Wolters Kluwer, CCH. “Sell the house, move into it, or rent it out.”
What to Do When You Inherit Your Parents’ House
Advice for selling it, moving in or renting it out used 6-17-20
By Craig Venezia July 1, 2019
Boomers stand to inherit upwards of $27 trillion over the next four decades, according to The Center of Wealth and Philanthropy at Boston College, and a portion of that includes the house their parents lived in.
But when that house becomes yours, figuring out what to do with it can present financial and emotional issues. If your siblings are involved, things can get even trickier.
“There are three basic paths you can take,” says Bruno Graziano, a senior estate planning analyst with Wolters Kluwer, CCH. “Sell the house, move into it, or rent it out.”
Here’s advice for each scenario:
Selling Your Parent’s House
A few years back, when Ken Levy, 70, and his brother inherited their mom’s condominium in Dallas, Texas, they pretty much knew they’d sell it.
Since the condo had appreciated in value during the nearly 10 years their mom owned it, the Levy brothers looked at recent comparable sales to price it right and to agree on a minimum amount they’d accept.
In spite of the appreciation, the Levys knew they’d most likely avoid owing capital gains taxes on the sale. “Beneficiaries receive a stepped-up basis, which is the property’s fair market value at the date of the parent’s death,” says Graziano. “When you sell, you only pay taxes on gains over that basis.”
Looking at comps and deciding on a minimum price, as the Levys did, are good ideas if you plan to sell your parent’s home. You’ll also want to make sure the homeowner’s insurance is paid up and the estate or trust is named as the insured, in case anything happens to the home between your parent’s death and the sale.
The same is true of mortgage payments (if any), property taxes and utility bills.
Once the property sells, you’ll need to pay any remaining mortgage balance along with any real estate commissions, transfer taxes and other closing costs.
Moving Into Your Parent’s House
To continue reading, please go to the original article here:
https://www.nextavenue.org/what-do-when-you-inherit-your-parents-house/
"Your Money & Your Affairs Post-RV"
."Your Money & Your Affairs Post-RV"
By FXStrategist at WSOMN
As a former financial planner and market strategist (equities, derivatives, FX, risk management), I would like to share my current thinking concerning managing one's money and affairs post RV.
THESE ARE ONLY MY OPINIONS and contemporary CONCLUSIONS! I am not a licensed investment adviser and I am an amateur student of NESARA and its consequences.
This is not professional advice but rather my conclusions and thoughts developed over months of research, strategizing and thinking with my small group, and planning and consulting with existing banking and investment contacts. Please take this all as one person's posture as of this moment in time. I hope it helps in even a small way.
"Your Money & Your Affairs Post-RV"
From Recaps Archives
By FXStrategist at WSOMN
As a former financial planner and market strategist (equities, derivatives, FX, risk management), I would like to share my current thinking concerning managing one's money and affairs post RV.
THESE ARE ONLY MY OPINIONS and contemporary CONCLUSIONS! I am not a licensed investment adviser and I am an amateur student of NESARA and its consequences.
This is not professional advice but rather my conclusions and thoughts developed over months of research, strategizing and thinking with my small group, and planning and consulting with existing banking and investment contacts. Please take this all as one person's posture as of this moment in time. I hope it helps in even a small way.
...
WHITE GLOVE TREATMENT:
Bank wealth managers will not only advise you but implement virtually everything you will need. That includes security (personal, home, digital) and virtually anything you need. White glove.
CHANGING INVESTMENT ENVIRONMENT:
We won’t know until we see the timing of NESARA about taxes or investments. Were NESARA to be implemented any time soon after we exchange, it will change the landscape dramatically rendering many recommendations emanating from THIS reality either inappropriate or riskier than before. I will avoid the securities markets, including overnight short-term instruments in the days after exchanging and annuities (covered in another point below).
NESARA = NEW RULES:
NESARA and the new technologies (energy, health) will change corporate structures dramatically. Entire industries may become obsolete with the sudden and welcome emergence of new health and free energy technologies. The new paradigm masters will not let you lose whatever you currently have invested in those markets, but don’t rush into them post RV. Wait and see. You’ll have time to observe and gauge.
TAX AND LEGAL:
Tax and legal advice may also change dramatically with NESARA. Professionals will have to receive all new training and education. I look for flexible minds who can grasp the new paradigm and learn the new rules quickly. The bank will have people on hand for you until you find someone you like.
FAMILY OFFICES:
Do ask about family offices. There are individual and multi-family offices. You can join existing family offices or form your own. Your wealth manager will know about these. There are minimums ($25-$50 million?), so check it out with your own Wealth Managers. No need to learn all about them now before the RV. So don’t think you have to educate yourselves right this minute
PRIVATE BANKS:
Look into private banks. They are already predisposed to handling the UHNW (Ultra High Net Worth) individual and have dealt with most of your impending needs and questions multiple times. They hold your hands and spoon feed you. You have no idea how beautifully you will be cared for.
GOLD:
If you consider gold and silver, get the advice of an expert. I have already received an investment recommendation from such a resource that is also knowledgeable about NESARA. Their recommendations are specific and market savvy and even counter-intuitive. Inform yourselves.
ANNUITIES:
Possibly no longer the panacea they've once been. They have been recommended as safe insurance products here and elsewhere by non-investment professionals; but the insurance companies can afford those handsome tax-deferred returns how?
By investing your money in the securities markets while counting on insurance contract premiums as backup. They used to be considered very safe tax-deferred investments that never defaulted. Will they still be? Will insurance companies’ premiums and the underlying markets continue to exist the way they do now? I do not know, but I will not consider these vehicles.
BANK RETURNS:
You won’t really need annuities anyway. Banks will be offering you +/- 10% for time deposits (ask for more that you are offered — the banks will receive 20-30 times the dollars they "give you" for your exchange when they turn around and sell your currency back, so they’ve got plenty of headroom). And if NESARA passes (maybe weeks after our RV?), taxes will be moot so tax-deferred income (usually lower) will no longer be a goal.
EXCHANGE EVENT TAXES:
Keep tax money on hand (how hard will that be?) until we know for sure the tax treatment of our exchange. NESARA will obviate today’s high capital gains or investment income rates. But there could be a special tax — who knows? Be conservative until you know.
SAFE "NEW" BANKS:
The new banks will not be run the same way as the existing banks. Overnight, the evil stepmothers go away and will be replaced by fairy godmothers. They will be new-fashioned, legal depository institutions, and loans and other activities will not entail risky, usurious, or profit-driven behaviors.
Interest is illegal (now) and will go away (NESARA). The banks will make plenty of money in this exchange and will be financially robust and designed to serve us. Who knows what they’ll actually look like? It will not be the way they look now.
THE "RIGHT" RATE FOR YOU:
Regarding Josef’s wise counsel about how much to negotiate for in terms of available rates, here are my thoughts. Most of us bought amounts of currency that we could afford and which would give us returns we felt fit our personal profiles, goals, and life situations.
That changed over the past few months as rates of exchange have skyrocketed as much as ten times (or more) our original expectations. Some have continued to purchase highly leveraged currencies that have also exploded in terms of exchange rates.
A millionaire has become a ten-millionaire; a ten-millionaire has become a hundred-millionaire, &c. This does change your profile in the post-RV world.
How do you even give that kind of money away to the people and projects you know about? What if you’re not well-connected in the investment world? What if you don’t know how to manage projects on your own to ensure success and to make sure your desired outcomes are indeed taking place?
VISION GIVING:
As I posed this entire discussion via Josef (from a WingIt call) to my small group, I saw a “Housing First” video that freed up my own thinking. Big real estate projects like housing or new institutions — to help the homeless, the disenfranchised, the mentally ill, the co-morbidly ill (physical & medical), people with substance problems, single parents, poor children, people in crisis — need big funding.
The world is in need of huge infrastructure improvements and healing from pollution and earthly degradation. Projects such as these may seem beyond you to design, fund, and run. No need. You will be able to find and fund these projects via the family office system and new communities of project-sharing.
Other people can put together and run new projects that don’t even exist now, including your own pet ideas; and through your OWN NEW NETWORK of professional advisors, you can tag along.
Projects being proposed and funded at Landa China and Zap can give you a taste of what needs to be done in the world. You will not have to wake up at night and worry about how to distribute your funds. Projects will come to you. You will have the joy of directing your funds to projects you care about in your hearts without tossing and turning and going it alone at the drawing board.
INITIAL ACTIONS:
Whatever you worry or think about in this sunset of the old paradigm may not even exist in the new paradigm, so don't go nuts trying to figure it all out now.
Make your exchanges, receive good guidance concerning the construction of your account arrays at the bank, ask about family offices and professional (tax and legal) counsellors (flexible thinkers), park your money (probably just in the “new” bank for the immediate future), and give yourselves time for things to unfold.
The interest you’ll be earning immediately will pay for your wants, needs, and desires. Satisfy them first, and then help others. We are meant to be fulfilled.
FULFILLMENT FIRST:
Like the oxygen mask in the plane, put yours on first and then attend to your "children." Our fulfillment is a prerequisite to being in the very best energy to best relieve and fulfill others — and the world.
Learn how to give and how not to give (see Oprah and Elizabeth Gilbert, and consult your team). Giving large amounts of money outright to people can have unintended negative ripple effects.
Pay their bills, give them “gift amounts” ($14,000 per gift tax free to you and them, at least for now) that will make sense to them, and buy yourself some time to set up trusts, arrange for anonymity, get your own security in place, and learn how to help in appropriate and constructive ways.
No need to figure it out now. “Your people” will help and guide you, as will our ongoing community of sharing and comparing notes!
THERE ARE NO MISTAKES:
What will happen is what is intended to happen FOR you. Quell your fear and trepidation. Embrace and enjoy the ride. You’ll be helped all along the way. You simply haven't had these privileges extended to you before so, again, you have no idea how beautifully you will be taken care of.
RELAX!
You’re prepared. You’re ready. You’ve done it. The relief you feel may wipe you out. Get used to your new status, take a vacation, buy your new home and car, take care of your health and that of others, address emergencies, and enjoy!
Once you’re in the new realm of wealth and communing with other similarly blessed people, you will adjust to your new mindset along with the beautiful intentions you each have to help the world. We will be here for one another.
Go get ‘em! I say take as much money as you can. Let your professionals smooth the way and do the work. You’re “Executive Producers,” providing the funding for the projects that others will propose, shape, and run.
There is nothing to fear, and there is no way to lose.
And, of course, if this all makes your heart palpitate and you are feeling the lower market rates are more your size, by all means, trust your inner guidance, your “withinity.” Your “withinity” — your higher self, your divine guidance, your God — is your true and constant partner and ultimate arbiter of all decisions.
Go into your heart. Be still and know you are God.Blessings to all of you, and gratitude for your intel, encouragements, and camaraderie!
Blessings to all of you, and gratitude for your intel, encouragements, and camaraderie!
Not All Income Is Created Equal
.Not All Income Is Created Equal
One of the most common financial pitfalls people make is thinking that all income is created equal. It’s an easy mistake to make; after all, a dollar is a dollar . . . right?
Well, that’s what I thought. What completely re-shaped how I spend my time and energy, though, is learning that one dollar can actually be worth less than another, simply based on how it's produced.
It’s a tricky concept to explain, so let’s jump right into some examples.
Is Your Income Being Devalued?
One of the best ways to illustrate this is to look at the 2020 tax bracket.
Not All Income Is Created Equal
One of the most common financial pitfalls people make is thinking that all income is created equal. It’s an easy mistake to make; after all, a dollar is a dollar . . . right?
Well, that’s what I thought. What completely re-shaped how I spend my time and energy, though, is learning that one dollar can actually be worth less than another, simply based on how it's produced.
It’s a tricky concept to explain, so let’s jump right into some examples.
Is Your Income Being Devalued?
One of the best ways to illustrate this is to look at the 2020 tax bracket.
![Screen-Shot-2020-06-16-at-8.50.50-PM-555x420[1].png](https://images.squarespace-cdn.com/content/v1/5d5222a44813620001d89582/1592397035441-UGD5HMJ6TUK67868X9HY/Screen-Shot-2020-06-16-at-8.50.50-PM-555x420%5B1%5D.png)
Credit: Nerdwallet
At its most basic level, this graphic shows that every dollar earned above $518,401 (when single) is taxed 2% higher than the prior bracket.
In other words, if you earn more than $518,401 per year, every additional dollar is worth 2% less than in the lower bracket.
Make sense?
This not only devalues your money, it devalues your time. After all, if you’re getting paid a certain wage per hour, your time is now worth 2% less at the highest bracket.
The point of all of this is to say that you need to figure out where the dollars are worth the most, and how to use the minimum amount of time and effort to create those dollars. That’s how you leverage your time for maximal benefit.
To put it another way, would you rather spend an hour to earn $250, taxed at 35%, or spend that same hour earning the same $250, but taxed at 10%?
The tax amount makes a huge difference–especially when we’re talking about numbers much greater than $250 (as we all know, it’s not what you earn that matters. It’s what you keep).
Income and the Cash Flow Quadrants
In order to put this all into perspective, let’s take a moment to revisit the CashFlow Quadrant, concept presented by Robert Kiyosaki in his book of the same name.
To continue reading, please go to the original article here:
https://passiveincomemd.com/not-all-income-is-created-equal/
How Are You Expected to Fix Your Finances By Yourself?
.How Are You Expected to Fix Your Finances By Yourself?
Financial Literacy By Michael Dinich
No one is born with financial intelligence.
It is something that is trained and learned through your parents, providing vital information or by making one too many financial mistakes in your teens and early twenties.
When faced with the prospect of ruining your finances, from debilitating overdraft fees to terrible credit that doesn't even allow you to purchase a cell phone plan, it can feel like you will never get out of this financial hole.
This isn't the case, though; everyone can fix their finances, and they don't need to do it alone.
How Are You Expected to Fix Your Finances By Yourself?
Financial Literacy By Michael Dinich
No one is born with financial intelligence.
It is something that is trained and learned through your parents, providing vital information or by making one too many financial mistakes in your teens and early twenties.
When faced with the prospect of ruining your finances, from debilitating overdraft fees to terrible credit that doesn't even allow you to purchase a cell phone plan, it can feel like you will never get out of this financial hole.
This isn't the case, though; everyone can fix their finances, and they don't need to do it alone.
Work With a Professional
You can read all the available advice online that you can find, but even the most concise guidance will not hold a candle to a professional. Anyone severely struggling with money and budgeting should consider seeking help from a Financial Service Provider who can give them invaluable suggestions on how they can improve their situation.
These professionals have the experience to provide information for a wide range of scenarios. They may have already seen your situation, or something close to it, before, and so they already know the best action to take. They will need to be strict with you, and they won't accept any nonsense, so you need to demonstrate you are dedicated to improving your finances.
Find Someone to Hold You Accountable
To continue reading, please go to the original article here:
https://yourmoneygeek.com/how-are-you-expected-to-fix-your-finances-by-yourself/
How is Money Created? – Everything You Need to Know
.How is Money Created? – Everything You Need to Know
ColdFusion 2.4M subscribers 401,865 views •Jun 8, 2020
With trillions of dollars being printed around the world, it's time we take a look into how money is created. (I had to cut the comedy section at the end)
How much is a Trillion Dollars? Let's put it this way:
1 Million Seconds =12 Days
1 Billion Seconds = 32 Years
1 Trillion Seconds = 32,000 Years
How is Money Created? – Everything You Need to Know
ColdFusion 2.4M subscribers 401,865 views •Jun 8, 2020
With trillions of dollars being printed around the world, it's time we take a look into how money is created.
How much is a Trillion Dollars? Let's put it this way:
1 Million Seconds =12 Days
1 Billion Seconds = 32 Years
1 Trillion Seconds = 32,000 Years
Activate Kruger 1 week ago “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” Henry Ford
Meldridge Reed Jr 3 days ago You should read "The Accidental Superpower", " The Absent Superpower" and "Disunited Nations" by Peter Zeihan.
Cicero Araujo 6 days ago The monopoly of the dollar is a crime against humanity.
Eric Chandler 1 week ago (edited) The difference between 1 and 1 trillion is 12 keystrokes.
Brogan T 6 days ago “You can print money but you can’t print wealth”
Hans Sarpei 6 days ago “How is money created?” Printer goes Brrrrrrrrrrrrrrrrr
Who Controls All of Our Money?
ColdFusion 2.4M subscribers 4,676,822 views•Jun 11, 2017
Who Controls All of Our Money? - A Quick Follow Up
ColdFusion 2.4M subscribers 332,114 views•Jun 15, 2017
How Many Bank Accounts Should You Have?
.How Many Bank Accounts Should You Have? [The Simple Guide]
As you build your emergency fund and savings, a question you might ask yourself is, “How many bank accounts should I have?”
However, for most people having one bank account is a common option and there is no thought in really expanding to other accounts.
Personally, it never crossed my mind when I was first focusing more on my personal finances. But as I grew my savings and investments, I did start thinking about it more and if additional accounts were the right move.
Now the majority of people really do not need more than one institution that they do banking with. And the common choice to make is to have a checking account and savings account at one bank of your choosing.
But if you’re wondering how many bank accounts should you have, some pros and cons, and the options you have — then stick with me below!
How Many Bank Accounts Should You Have? [The Simple Guide]
As you build your emergency fund and savings, a question you might ask yourself is, “How many bank accounts should I have?” However, for most people having one bank account is a common option and there is no thought in really expanding to other accounts.
Personally, it never crossed my mind when I was first focusing more on my personal finances. But as I grew my savings and investments, I did start thinking about it more and if additional accounts were the right move. Now the majority of people really do not need more than one institution that they do banking with. And the common choice to make is to have a checking account and savings account at one bank of your choosing.
But if you’re wondering how many bank accounts should you have, some pros and cons, and the options you have — then stick with me below!
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Should You Keep All Your Money in One Bank?
When it comes to bank accounts, you may consider the most convenient option to be keeping all your money in one bank. Keeping all your money in one bank may be simpler, but depending on your financial circumstances, it may not be the best.
For example, a second bank account may offer you a better interest rate which would allow your money to beat inflation long term. And for this reason, deciding how many bank accounts you should have does require some thought process.
Here’s a quick breakdown of the pros of having one bank and multiple. We’ll explore these a bit more in the next sections.
Managing accounts in one bank:
Easy to manage and maintain from one institution instead of multiple
A bit more protected from identity theft and potential fraud
Having more than one bank:
Diversifying your money for budgeting and spending needs
Better banking options pending your needs
Higher interest rates in some savings accounts
Testing out other banks services and perks
How Many Bank Accounts Should You Have?
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Money Mentor: A Trusted Financial Companion
.Money Mentor: A Trusted Financial Companion
June 12, 2020 by One Frugal Girl
Where do you go when you need to talk about money? Do you have a money mentor in your life? A trusted source who can listen to your financial questions and provide you with monetary guidance.
It doesn’t matter if you are financially savvy or have absolutely no idea how to manage your money. We all need a way to bounce ideas around with someone who is willing to listen. A money mentor allows us to talk about money matters and financial decisions without judgment or worry.
Money Mentor
What is a money mentor? A money mentor is a friend, family member, or coworker who openly talks about money. A financial companion who shares ideas about money management, budgeting, spending, and saving.
A money mentor shares their knowledge and experience. They help us think through difficult financial topics and questions. By learning about financial experiences we can make better, more informed decisions.
Money Mentor: A Trusted Financial Companion
June 12, 2020 by One Frugal Girl
Where do you go when you need to talk about money? Do you have a money mentor in your life? A trusted source who can listen to your financial questions and provide you with monetary guidance.
It doesn’t matter if you are financially savvy or have absolutely no idea how to manage your money. We all need a way to bounce ideas around with someone who is willing to listen. A money mentor allows us to talk about money matters and financial decisions without judgment or worry.
Money Mentor
What is a money mentor? A money mentor is a friend, family member, or coworker who openly talks about money. A financial companion who shares ideas about money management, budgeting, spending, and saving.
A money mentor shares their knowledge and experience. They help us think through difficult financial topics and questions. By learning about financial experiences we can make better, more informed decisions.
A money mentor can act as a sounding board for questions like:
Does it make sense to save for retirement while paying off my student loans?
How much should I save for a downpayment on my first house?
What is the best way to ask for a raise?
Money mentors are not trained, financial advisors. They do not charge fees. They are simply close friends, companions, and financial enthusiasts who allow us to think through money matters with ease.
Talking About Money with a Money Mentor
Very few of us feel 100% confident and comfortable with our financial decisions. We worry about spending, saving, debt, and retirement, but we rarely discuss our financial concerns. As long as money remains a taboo topic most of us continue to remain silent about financial matters.
Unfortunately, closing the door on financial conversations forces us to make vital decisions in the dark. We take our best guesses rather than openly discussing our thoughts and ideas with those who can guide us.
Wouldn’t it make more sense to talk to a trusted source about our financial concerns?
Easing Financial Anxieties with a Money Mentor
Why don’t we openly talk about money? Why is money still a taboo topic? Discussing financial topics can be extremely difficult, downright scary, or absolutely anxiety-inducing. Unfortunately, we live in a world where many people equate net worth with self-worth.
This can lead many of us to feel embarrassed by debt, low salaries, or bad financial decisions we’ve made. When we discuss financial figures we open ourselves up for comparison. We worry that others will view us as less important or less capable. But it is this shame and embarrassment that leads us to make financial mistakes in the first place. When we are ashamed to speak up we cannot learn, grow, or do better.
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