9 Things We Should Never Minimize

9 Things We Should Never Minimize

Lisa Avellan of Simple and Soul.

As minimalists, we strive for less stuff to experience more life. We learn how to detach from our possessions, limit technology, set boundaries with our commitments, and manage our finances with more intention.  Our schedules get pared down to the most important appointments, we open our calendars for family time, meeting with a friend, reading, or pursing a passion. Simplicity becomes our goal.

We learn to ask ourselves important questions before adding any item to our life:

“How can this make my life easier?”

“Will this cause more freedom or hold me back?”

Simplicity takes more intention than renting a storage unit, so we learn to value the weight of every decision. The value of an item or experience becomes more than a price tag or a great story to tell at a cocktail party. Minimalism is not for the half-hearted.

Minimalism is a journey of heart and soul.

It’s a deep dive into the core of what we believe about who we are, where we find value, our purpose, and our passion. These are incredibly personal and difficult mountains to climb. A compass and hatchet are necessary tools to make the journey.

This matter of the heart requires that we take great care to cut the nonessentials, and cultivate the things we should never minimize. It’s how we maximize the benefits of minimalism.

Here are nine things that should never fall victim to our minimalist pursuit:

To continue reading, please go to the original article here:

https://www.becomingminimalist.com/never-minimize/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+becomingminimalistcom+%28becomingminimalist.com%29

It Took 25 Years For Stocks To Recover ‘Inflation Losses’ From The 1970s

It Took 25 Years For Stocks To Recover ‘Inflation Losses’ From The 1970s

Notes From The Field By Simon Black  March 15, 2021  Sovereign Valley Farm, Chile

The ink isn’t even dry on the $1.9 trillion ‘Covid stimulus’ bill that was signed last Thursday in the Land of the Free. Yet they’re already talking about another “big, bold” spending package.  This new bill will supposedly aim to fix up America’s dilapidated infrastructure, and it’s rumored to come in at another $1 to $2 trillion.

I say “supposedly aim,” of course, because 90% of these bills have little to do with their stated objective. Most of the spending from last week’s ‘Covid stimulus’ had very little to do with Covid.   Hundreds of billions of dollars, for example, are earmarked to bail out bankrupt states, i.e. the ones who chased away their most valuable taxpayers with nonstop vitriol and exorbitant tax rates… and who imposed the most severe lockdowns and business closures.

This is particularly interesting because those lockdowns have now been proven to be completely ineffective.

Even the New York Times gets it; the paper published an article over the weekend acknowledging that Covid rates in the state of Florida, which has been ‘open’ for several months and never imposed a statewide mask mandate, are lower than many states which have severe lockdown orders.

So basically the Covid bill is nothing more than a bailout for the states which torpedoed their economies with ineffective and unconstitutional public health policies.

The next ‘infrastructure’ bill will likely be just as wasteful… and dishonest in its intentions.

But this is the norm now: no one cares how much money these people spend. Both the Federal Reserve, and the Treasury Secretary (who used to be the head of the Federal Reserve) publicly advocate for MORE spending.

And now that the Bolsheviks are in charge of the federal government, they’re emboldened to keep spending as much money as they want.

They know their opportunity is NOW; they can pass trillions of dollars of spending bills without anyone kicking up much of a fuss.

And it’s clear there’s going to be a flurry of spending with no end in sight.

A decade ago it was incomprehensible to spend a trillion dollars in a single piece of legislation; even the taxpayer-funded bailout of the banking system in 2008 ‘only’ cost $700 billion.

Now they spend a trillion dollars like it’s nothing.

Of course, the federal government doesn’t have a trillion dollars to spend. So every one of these stimulus packages is funded by debt… hence the soaring national debt that will shortly hit $30 trillion, roughly 150% of GDP.

Here’s where it gets really interesting--

In the 12 months between early March 2020, just prior to the pandemic, and March 2021, the US national debt increased from $23.5 trillion to $28 trillion.

That’s an increase of $4.5 trillion.

In the same period, the Federal Reserve’s balance sheet increased from $4 trillion to $7.5 trillion… an increase of $3.5 trillion.

The numbers are pretty obvious: the Federal Reserve has monetized more than 75% of all US government debt that was issued in the last year.

In other words, whenever the government needs money for these massive spending initiatives, the Federal Reserve simply pushes some buttons, conjures trillions of dollars out of thin air, and ‘loans’ that money to the Treasury Department through its intermediaries in the banking system.

So the playbook is essentially to ‘print’ money and spend it wastefully.

This hardly seems like the path to prosperity. Yet astonishingly, both the Federal Reserve and the Bolsheviks who control the government are delighted by this practice.

Let’s be intellectually generous and say that there ‘might’ possibly be consequences to this course of action. Recklessly expanding the money supply typically results in inflation, and there’s already plenty of evidence to suggest that inflation is rising.

Inflation makes people poorer. Yet, again, both the Fed and the Treasury Secretary actually WANT inflation.

The Fed has already announced that it is willing to accept higher rates of inflation in the coming years; and the Treasury Department frankly NEEDS higher inflation in order to make the national debt more manageable. ($30 trillion will seem like a lot less money a decade from now if inflation is high.)

So in summary:

- The central bank is rapidly expanding the money supply at an unprecedented rate.

- The federal government is borrowing money at an unprecedented rate.

- Both of these trends typically cause inflation.

- Key economic policymakers want inflation and view it as a good thing.

It seems pretty obvious that their interests, and your interests, are clearly not aligned. And a rational person ought to at least consider the possibility of inflation, i.e. the purchasing power of your money will decrease.

During times of inflation, saving money makes you poorer each year. Bank deposit rates fail to keep up with inflation rates, so every year the purchasing power of your hard-earned savings dwindles.

Instead people typically buy assets-- like stocks, real estate, private companies, etc. because asset prices tend to do very well during inflation.

But that’s not always the case.

For example, the S&P 500 stock index in the US was at an all-time high in late 1968. Inflation was already on the rise, though, thanks to massive government spending from the Vietnam War and LBJ’s ‘Great Society’ spending initiatives.

By 1974, inflation was more than 11%. But the stock market had lost more than 40% of its value.

It would take until 1993-- TWENTY FIVE YEARS later-- until the S&P 500 reached a level that, after adjusting for inflation, exceeded its high from 1968.

So, buying an asset class that’s already at its all-time high just prior to an inflationary period isn’t necessarily a no-brainer option.

This presents a perplexing challenge, because most major asset classes, including stocks and real estate, are already at record highs.

But there’s at least one asset class which is well below its all-time highs, and also has a track record of strong performance during inflation.

I’m talking, of course, about gold and silver. More on them later this week.

To Your Freedon and Prosperity

Simon Black, Founder, SovereignMan.com

https://www.sovereignman.com/trends/it-took-25-years-for-stocks-to-recover-inflation-losses-from-the-1970s-31500/

P.S. Join the Official Sovereign Man Telegram Channel: https://www.sovereignman.com/tg

25 Experts’ Predictions on When We Will Bounce Back From COVID-19

25 Experts’ Predictions on When We Will Bounce Back From COVID-19

There is likely a long road to recovery ahead.

By Gabrielle Olya January 7, 2021 Understanding the Economy                                                                                   

The coronavirus pandemic has disrupted life completely. Through multiple lockdowns, many nonessential businesses were closed. Since then, some have shut for good, and millions of people are still out of work. All of this, of course, has taken a hit on the gross domestic product (GDP) as well.

Although vaccines are available and being distributed to healthcare and other essential workers, there is still a long road ahead to get everyone’s daily life and the overall economy back to where they were before the coronavirus crisis began. GOBankingRates spoke to financial experts back in April to find out how long they expected it would take for us to bounce back. See if their predictions for bouncing back have come to fruition and what it will take to make that happen during these hard times.

It Could Take Over a Year for Employment Numbers To Rebound

Paul Miller, CPA and founder of the accounting firm Miller & Company LLP, handles clients with revenues in excess of $250 million and has been cited as an expert by Fox Business. He predicts that it will take at least a year for employment numbers to go back to pre-coronavirus pandemic levels.

“I do not see employment going back to normal for over a year or more,” he said. “A lot of companies will file for bankruptcy.”

Adam Enfroy, digital marketing influencer, said in July that an uptick in employment will be required for the economy to bounce back.

“Economic recovery could take more than a year due to new headwinds in the government’s most recent monthly jobs report,” he said. “As coronavirus cases surge, reopening plans become unpredictable. While the S&P 500 can survive this prolonged volatility, it’s much harder on the average worker. Even with the U.S. adding 4.8 million jobs in June, 3 million more became permanently unemployed. [To me], early signs of recovery don’t include a surging stock market, but instead sustained, predictable improvements to jobless rates and consumer spending.”

GDP and Consumer Spending Will Rise Again Once People Have Their Jobs Back

“If people feel comfortable and have their jobs back within a year, you could see the GDP back to normal,” Miller said.

Consumer spending also depends on job security, he added.

To continue reading, please go to the original article here:

https://www.gobankingrates.com/money/economy/experts-predictions-bounce-back-covid-19/

What the Past Year Has Taught Us About Spending Money

What the Past Year Has Taught Us About Spending Money

Bob Haegele   Wed, March 10, 2021

Spending habits are always changing in the US and elsewhere, but the past year has forced us to take a closer look at how we spend money. Many of those habits were already there, bubbling below the surface, but the pandemic has caused them to bubble over.

Read: Calculating Your Stimulus Check: How Much (if Any) Will You Get?

While millions have suffered due to COVID-19, either directly or indirectly, there are still many financial lessons to be learned from this historic event. To gain insight into the specific lessons learned, we took input from several financial experts.

We’re Spending Less on Nonessentials

When it comes to spending money, people are highly sensitive to economic uncertainty. That has led to a reduction in spending on nonessential items. According to Mike Kinane, head of US Bankcards at TD Bank, “COVID-19 has forced Americans to reprioritize or adjust their spending habits, with 58% reducing spend on nonessential items, 43% canceling travel plans and 36% delaying larger purchases.”

We’re Beefing Up Savings

Maintaining an emergency fund is always important, but the past year has made us acutely aware of the need to have a safety net. The result is that more people are padding their savings.

Personal Capital conducted a survey that confirmed this. “Those we surveyed are taking steps to shore up their finances, with many wanting 2021 to be a year focused on regaining financial stability,” says Craig Birk, chief investment officer at Personal Capital. “70% of respondents want to put more into savings, 33% are more likely to work with financial professionals vs. 24% at the initial onset of the pandemic.”

In addition, it’s important to prioritize savings during the worst of times. “Focus on savings instead of return rate,” says Ivan Watanabe, managing partner, Opus Private Client LLC at Guardian Life Insurance. “During times of crisis, your savings rate is more important than your rate of return. People who have saved money and continue to save money are in a better position to weather the storm.”

To continue reading, please go to the original article here:

https://finance.yahoo.com/news/past-taught-us-spending-money-160011710.html

How to Give with More Impact: What You Need to Know

How to Give with More Impact: What You Need to Know

February 18, 2021 by Chelsea

Listen on Spotify  Why You've Got to Listen to This Episode...

In today’s episode, I’m talking with In today’s episode, I’m talking with Global Philanthropy Advisor and Expert, Kris Putnam-Walkerly. She is the author of Delusion Altruism, which highlights the truth that how we give is just as important as how much we give.   We’re talking about why you don’t need to be wealthy to be a philanthropist, why philanthropists struggle with a scarcity mindset, and how you can take your first step to give with more impact today!

Key Takeaways to Help You Give With More Impact

As always, we’ve rounded up our top three takeaways to summarize what we believe are the core points to remember from Kris.

1 - We Are All Philanthropists

First, we are all philanthropists. As Kris said, philanthropy is a big fancy word that makes people think they need millions of dollars to qualify.

But anyone who wants to make the world a better place is a philanthropist – especially because we can give so much more than money. We can give our time, our connections, our knowledge, and we often discuss how words matter here on the podcast.

So no matter how much you’re giving, adopting the mindset of a philanthropist will help you identify more ways you can increase your impact on issues that matter to you. When you truly believe you are a philanthropist who is making an impact,  you’ll see more ways to do that.

2 - Scarcity Mindset Can Hold Us Back From Changing the World

We all know that a scarcity mindset can hold us back from reaching our money goals. But that mindset also threatens our ability to give with more impact.

To continue reading, please go to the original article here:

https://smartmoneymamas.com/charitable-giving/

Investing: The Greatest Show On Earth

Investing: The Greatest Show On Earth

Mar 9, 2021 by Morgan Housel

Let me share two quick stories that have nothing to do with investing. I want to convince you of something important and overlooked: Investing is a broader field than it looks, and there is so much to learn about it outside of the narrow lens of finance.

The first comes from forests.

Most young tree saplings spend their early decades under the shade of their mother’s canopy. Limited sunlight means they grow slowly. Slow growth leads to dense, hard wood. But something interesting happens if you plant a tree in an open field: free from the shade of bigger trees, the sapling gorges on sunlight and grows fast. Fast growth leads to soft, airy wood that didn’t have time to densify. And soft, airy wood is a breeding ground for fungus, disease, and ultimately a short life. “A tree that grows quickly rots quickly and therefore never has a chance to grow old,” forester Peter Wohlleben writes.

Which is exactly how it works in business and investing, isn’t it?

There’s a graveyard of companies and investors who tried to grow too fast, attempting to reap a decade’s worth of rewards in a year or less, learning the hard way that capitalism doesn’t like it when you try to use a cheat code. Chamath once put it: “The faster you build it, that is the half life. It will get destroyed in the same amount of time.”

Another story, this one from medicine.

In 2013 Harold Varmus, then director of the National Cancer Institute, gave a speech describing how difficult the war on cancer had become. Eradicating cancer – the National Cancer Act’s goal when it was signed in 1971 – seems perpetually distant. Varmus said:

There’s a paradox that we must now honestly confront. Despite the extraordinary progress we’ve made in understanding the underlying defects in cancer cells, we have not succeeded in controlling cancer as a human disease to the extent that I believe is possible.

One of the missing pieces, he said, is that we focus too much on cancer treatment and not enough on cancer prevention. If you wanted to make the next big leg up in the war on cancer, you had to make prevention the top priority.

But prevention is boring, especially compared to the science and prestige of cancer treatments. So even if we know how important it is, it’s hard for smart people to take it seriously.

MIT cancer researcher Robert Weinberg once described it:

To continue reading, please go to the original article here:

https://www.collaborativefund.com/blog/investing-the-greatest-show-on-earth/

16 Money Rules That Millionaires Swear By

16 Money Rules That Millionaires Swear By

Gabrielle Olya  Mon, March 8, 2021

Being a millionaire or billionaire — especially a self-made one — usually requires being disciplined about saving and spending, as well as investing wisely. Although the super rich can splurge on lavish vacations and fancy cars, some eschew a luxurious lifestyle for one that allows them to maintain their wealth over the long-term. So, if you want to live like a millionaire yourself, you’ll have to follow the money rules of the wealthy.

Kristen Bell: Take Advantage of Coupons When Shopping  Net worth: $20 million

“Frozen” star Kristen Bell still clips coupons despite her multi-million-dollar wealth.

“I almost exclusively shop with coupons,” she said on “Conan,” sharing that her personal favorite place to shop with coupons is Bed Bath & Beyond. “It’s the best one because they’ve got 20% off, and if you go and buy a duvet or an air conditioner or whatever, you could be saving upwards of $80.”

Sara Blakely: Create and Maintain a Nest Egg   Net worth: $1 billion

Spanx founder Sara Blakely kept her day job while starting her shapewear company to make sure she’d be able to maintain a healthy nest egg.

“It’s really important to save money and create a nest egg, become comfortable for yourself with what the nest egg is, and don’t touch it,” she told Business Insider. “Leave it there. I always had a portion of my paycheck put into savings, and that was an easy automatic way … I didn’t quit my job until I’d already landed Neiman Marcus and Saks Fifth Avenue. I was so careful, I [worked on Spanx] at night and on the weekends because I didn’t not want to have income coming in.”

Warren Buffett: Think of Investing as a Long-Term Strategy  Net worth: $82 billion

Billionaire investor Warren Buffett isn’t a proponent of active stock trading.

“When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever,” he wrote in his 1988 Berkshire Hathaway shareholders letter. “We are just the opposite of those who hurry to sell and book profits when companies perform well.”

Grant Cardone: Save $100K and Invest the Rest  Net worth: $300 million

Grant Cardone is a self-made millionaire, author and sales training expert. He recommends hitting a lofty savings goal — $100,000 — and then investing any money earned after you hit that amount.

To continue reading, please go to the original article here:

https://finance.yahoo.com/news/16-money-rules-millionaires-swear-130000577.html

5 Major Money Mistakes To Avoid Once You Turn 60

5 Major Money Mistakes To Avoid Once You Turn 60

Laura Woods  Sun, March 7, 2021

You’ve been working hard your entire adult life and you’re finally nearing retirement. The prospect of having more time to relax and enjoy yourself is exciting, but you’ll need money to do that.

As you wrap up your peak earning years and prepare to step away from the workforce, it’s important to make smart money moves that will protect your nest egg. All it takes is one poor financial choice to throw a wrench in your plans — and financial stability — so take the time to make informed decisions.

When faced with a large amount of cash, it can be tempting to share it with loved ones — i.e., your children — or indulge yourself with luxury items. However, this money needs to last your entire retirement, which could span decades. Here’s a look at common financial blunders you don’t want to make as you get older if you want to avoid a major financial setback.

Collecting Social Security Benefits Too Soon

Many people make the mistake of taking Social Security income as soon as they can because it’s available. Others start early because they’re afraid the system will run out of money. Neither approach is the best way to maximize benefits.

“You receive more each month if you wait until your full retirement age, and you can even get increases after that — amounting to roughly 8% per year until you’re 70,” said Justin Pritchard, CFP, founder of Approach Financial, Inc. in Montrose, Colorado.

Having patience can literally pay off.

“Instead of claiming as soon as possible, run some numbers to determine how much you’ll earn if you wait,” he said. “Remember that a surviving spouse who takes over your benefit will be affected by your decision, so choose carefully.”

To continue reading, please go to the original article here:

https://finance.yahoo.com/news/5-major-money-mistakes-avoid-190054441.html

Quantum Financial System Explained

Quantum Financial System Explained    

2,499 views•   Sep 1, 2020    Amanda

Video Transcribed By WiserNow – Emailed to Dinar Recaps

Quantum Financial System (QFS) is building a Virtual Private Network (VPN) for the Cross-Border Interbank Payment System (CIPS). It's a network based on Sovereignty and Commerce.

The Trump Administration is committed to the Quantum Financial System, and to unleashing its incredible potential for U.S. economic growth, technological advancement, and national security.

To coordinate a national research effort encompassing Federal agencies the academic community, and industry leaders already underway, The White House National Quantum Coordination Office has released A Strategic Vision for America’s Quantum Financial System Networks.  February 2020

Quantum Financial System (QFS) provides pristine clean integrity in the movement of funds from Central Banking sources to destination accounts.

The QFS will cover the new global network for the transfer of asset backed funds and can replace the US- Centrally Controlled SWIFT System.

A key benefit of QFS is to protect all parties from corruption, usury, and manipulation within the banking system and ensure banks are monitored and protected with regard to the agreed upon contract of the transfer fund process.

QFS is completely independent from the existing centralized system and makes all other transfer systems obsolete die to its advanced capabilities.

QFS is NOT crypto currency but instead it is asset-backed digital currency.

QFS reigns supreme in the photonic technology at 3.5 trillion frames per second.. It replaces obsolete IP dynamic routing with the true physical GPS authentication between sender and receiver routing while upholding 100% financial security and transparency of all currency holders.

Protocols will be instituted with QFS so that Artificial Intelligence will control the transfers and independently be allowed to control the global financial network unless the highest level of approval is given . Artifical Intelligence (A.I.) program will handle instant settlements in real time without delays!

The A.I. assigns a “digital” number to every fiat Dollar/Euro/Yen in every bank account all over the world. “Digital” numbers are monitored in real time. The physical GPS location between sender and receiver will be set up to provide unbreakable security when it was ledger-ed with regard to who sent it, and what account received it.

Sovereign Currency of the United States is USN

Digital Currency

Conversion in the future from a Fiat crypto currency into gold backed basel III IV and V compliant coin.

The coins themselves and the virtual coins will have barcodes (ownership) and GPS tracking devices (location)

ACC (Asset Chain Collection) is a “Distributed General Ledger” It’s a tool of the A.I. asset digitization for global applications.  It is referred to as “The A.I.Exchange”

Between mainstream tokens in the market with asset standard tokens the Asset Collection Chain jointly forms and documents the digital asset interchange object – SDR digital currency.  Each global “node” establishes a “regional: General Ledger Token (GLT) for regional circulation and this the digital currency SDR (Special Drawing Rights) will be the main exchange coin along with tokens of each international node’s general ledger token on the international exchange.

In this “monetary ecosystem” each node’s token can use GLT (General Ledger Token) to realize regional circulation and each GLT can use ACC to realize international circulation.

Distributed Ledger Technology (DLT)

The DLT is the database that is “decentralized” across several computers or nodes.  Every node will maintain the ledger and if data changes happen the ledger is updated in exact worth.  “Updates” are independent of each “node”.  All nodes have equal status authority. There is no central authority or server managing the data base.  Each node can update the ledger and other nodes verify its existence.

Transparency

A.I. Nodes verify the transaction with the “consensus algorithm”  Sometimes all nodes can participate and sometimes only selected nodes.  Once all nodes get a “go” all nodes receive updated status.

Cross-Border Interbank Payment System (CIPS)

The CIPS Virtual Currency will look, on the surface, much like Bitcoin, but it will be secured by real assets and it will replace all current currencies, worldwide.

Transactions will run on the QFS VPN and can be used for the purchase of all goods and services, utilizing the resources of the CIPS.

100 billion coins will be minted in gold and 100 billion coins will be minted in silver. Once minted, there will never be more, or fewer coins in existence.  Each CIPS coin will have a virtual counterpart.

The QFS AI will keep track of fluctuation and will manage all bounding conditions (as well as keep track of all locations)

Blockchain

“Blockchain” is just a type of distributed ledger. The DLT is the parent of Blockchain.  In Blockchain every node gets its very own copy of the ledger.  All instant transactions are encrypted before being added to the ledger.

Blockchain does NOT require a central authority; it is decentralized completely as DLT.  Blockchain organizes data in terms of “blocks” that are “linked” and “encrypted” for full GPS security.  All data (transactions) exist in history and cannot be altered or deleted thus creating pristine clean integrity of all transaction.

Blockchain: Structure is blocks of data – Specific “sequence” of blocks

Distributed Ledger Technology:  Database spread across different nodes – no specific sequence

Sequence is the distinguishing difference in BLOCKCHAIN

Blockchain is merely a “subset of distributed ledgers.  Blockchain takes DLT to the next level to (instantiation of digital values and interoperability).

Distributed Ledger Technology is the parent to Blockchain Technology. DLT is the means to “eliminate” the bank oversight. DLT solves in that the issues in the financial realm – Blockchain is part of the crypto currency world.

How To Manage “New Funds” (Asset Backed) in the QFS?

How do I use funds? All Bank screens are now dark!

In the new system, “you” will receive an E-notification from the A.I. that your expected asset backed funds are prepared to “Ledger” to the specific account you have annotated previously.  You will follow the “prompts” asking for your “old” access code (password)

Patent   The P versus NP Problem Space

Building an Artificial Intelligence (A.I.) confronts a serious problem called the “P” versus ‘NP’ question  According to the Wiki, this is a major unsolved problem in computer science and is one of the seven Millennium Prize problems, solutions to which will net somebody a cool billion dollars.

QFS Patent solves all seven Millennium Prize problems.  At question is whether every problem whose solution can be quickly verified by a computer can also be quickly solved by a computer.  Some problems can be solved quickly  (this is P).  Other problems, which cannot be solved quickly but which, if shown the answer, can be verified quickly )this is NP).  P is shorthand for solved in (polynomial) time (polynomial..P)   NP is shorthand for verified in (polynomial) time (nondeterministic polynomial time…NP).

The planned 56 Data Center units in the USA and territories and the planned 192 Data Center units planned abroad will increase the overall power, speed and efficiency of our QFS in a parallel processing environment.  The ultimate QFS Cloud System

Once entered, you will be prompted by the A.I. to create a “New Security ID” Once that occurs your “old bank account” will be debited of “Fiat” funds and then credited with asset backed funds (one to one).

You will be prompted to the next window, at which point your existing funds show as asset backed as well as the “ledger” balance of asset backed funds you anticipated.

There is no “co-mingling”

The system is totally secure, and your accounts are totally under your control.  As a process of return to sovereignty, “you” must initiate the ledger – a “photonic” transaction occurs from “sender” account to “recipient” account through physical GPS authentication.  No other person can access the accounts

Banks are now obsolete!!!!!

Real Time Data – CIPS provides a real time data feed for all applications attached to it.  This means your clients will receive live data directly to the desktops, web and mobile client all at once.

You have the sovereignty of your funds, since all are photonic and digital.  All funds are “GPS trackable” forever.  Banks are no longer in control – there are no more Deposits, they are now “Posits” as deposit means separation from the person and their funds.

In this new financial world, the “person” has NO footprint in the QFS. This is groundbreaking historical security in the truest sense!!

Appendix:  Quantum Financial System

QFS ends corruption that could currently exist with regard to Central Banking.  The QFS will cover the new global network for the transfer of asset backed funds.  It Replaces the US - Centrally Controlled SWIFT system with a Global – Decentralized Controlled CIPS (Cross Border Interbank Payment System).  QFS runs on a new Photonic Computer / based on “24 GPS orbiting” satellites, (protected by the new “Space Force”)

Purpose of QFS is to put an end to corruption, usury, and manipulation within the banking system.  “Banks” no longer will need to generate significant profits from transactions of funds transfers.

QFS completely independent from existing “centralized” system; makes all other transfer systems obsolete.

QFS is NOT crypto currency.  After REVAL (reevaluation) all sovereign currencies will be asset backed ensuring stable value which makes the need for unbacked cryptos outdated (the process simply digests the information on computer memory banks)

QFS activation ends the “Central Banking System” that perpetuates what some refer to as “Debt Slavery”

QFS reigns supreme in the technology it applies and creates / 100% financial security and transparency for all currency holders to individual currency holders

QFS assigns a digital number to every fiat dollar / euro/yen in every bank account all over the world. Digital numbers are monitored and updated in real time: showing where it went (GPS authentication) when it was ledger-ed who sent it and what account received it

QFS is alive with Artificial Intelligence that interacts with every financial transaction anywhere in the world of finance to ensure that it is legal, power intended, and transparent.

ONLY gold or asset backed currencies that have a digital gold or asset certificate will be transferred through the QFS.  All gold/asset backed currency reference back to the piece of gold or asset backing it !!

Asset backed currency is based on assets within the country of origin.  Assets are the justification to establish the amount of currency available in each country

NO FIAT CURRENCY IS LEGAL IN QFS as it cannot be designated as “clean, clear, non-terroristic, or originating from legal activities”

FIAT currencies in “possession” at time of implementation of QFS and deemed “legal” will be exchanged for gold backed currency on a one to one basis.  “Reconciliation” process

Without the ability to reconcile old FIAT money into the new QFS, ALL CENTRAL BANKS ACTIVITIES WILL CEASE.

Any country not GESARA compliant will be left out of the QFS thus eventually being left out of “International Trade”

Global Currency Reset (GCR) will use a specific quantitative formula to establish the amount of currency available “in a country” that is gold – backed in QFS.  The formula will establish a fair value in each country’s assets as compared to another. “Price of Gold” becomes irrelevant once this is complete.  Included in the formula are in-ground assets, economy of the country, its population (as an asset) and several other parameters.  This formula is applied to each country so they can be on par   with one another.

The application of the formula and the common value of all gold means that a country’s currency must have the same value as another country’s currency.  This is referred to as the GLOBAL CURRENCY RESET

A Global Wealth distribution (GWD) based on Commerce and sovereignty, Each QFS account throughout the world will be solely owned by the account holders, not owned by banks or governments.

The Artificial Intelligence will be applied across the QFS (one instantiation in each data center) but the nodes will coordinate through parallel processing.  The AI will work with the CIPS VPN in background by providing semantic analysis and natural language processing to understand what’s being said about banking products across the entire user base.  It will facilitate adaptation and will evolve over time by recognizing new behavior and recommending appropriate bank-side responses.

“And He will judge between the nations. He will mediate (disputes) for many peoples; And they will beat their swords into plowshares and their spears into pruning hooks. Nation will not lift up the sword against nation, and never again will they learn war.”  Isaiah 2:4

Trust the Plan   

https://www.youtube.com/watch?v=hmWBgLMNNYw

How Stimulus Checks Can Give You A $14,000 Windfall This Year

How Stimulus Checks Can Give You A $14,000 Windfall This Year

Sigrid Forberg  Thu, March 4, 2021

Congress is nearing the finish line as lawmakers race to pass President Joe Biden’s $1.9 trillion relief package by mid-March.  Included in the package is the third round of stimulus checks — for up to $1,400 this time — plus an extension of emergency federal unemployment benefits, an expanded child tax credit and more.  So if you need more help to pay down debt or cover household expenses, you may start to receive it in a few weeks. 

Taken together, government relief this year could provide a family of four with a pile of money totaling at least $14,000, according to a new analysis. Here’s how your household could get a windfall like that in 2021.

How does the math work on $14,000?

Consider the Smiths, a hypothetical family of four with two adults and two children, 7 and 10. Provided they met the income criteria for stimulus checks, the Smiths would have received $2,400 in January from the second round of payments: $600 for each adult and each of the kids.

If Congress passes the current aid bill and Biden signs it, the family would get another $1,400 per person, for a total of $5,600. Add that to the $2,400 from earlier in the year, and you get a total of $8,000 in stimulus checks for the household.

Another part of the president's COVID rescue package boosts the child tax credit to give low- and moderate-income families $3,000 for each child between the ages of 6 and 17 for 2021. Half that money would be paid out in monthly installments (a different kind of "stimulus check") during the second half of the year.

So, the Smiths would receive an additional $6,000 for the kids — for a grand total of $14,000 in government relief this year.

Some households stand to get even more than that, notes a report from the financial services firm Raymond James.

How do you collect more than $14K?

To continue reading, please go to the original article here:

https://www.yahoo.com/finance/news/stimulus-checks-14-000-windfall-010000221.html

How Much Money is Enough?

How Much Money is Enough?

By Retire Before Dad

How much money is enough to retire or change careers? As my wealth has increased, I've found that net worth is an imperfect measure of enough.  A few years ago, somebody asked how much money is enough for me to retire.  I used a back of the napkin estimation based on the financial independence number and answered.  This was 2015-ish.   At the time, I thought the number would be more than enough to live comfortably for the rest of our lives, fund our three children’s college educations, and still travel in retirement.

But sometime in Q4 2019, our family’s net worth (minus home equity) surpassed the number, and since then, we’ve left it in the dust thanks to the Covid-19 dip and recovery rally.  According to the 2015 RBD, I could stop working my full-time job today. Yet here I am, with no immediate plans to leave my career.   As my wealth has grown, I’ve found that net worth alone is an imperfect indicator of enough.

Enough for What?

It’s hard to determine how much money is enough if you haven’t defined your objective.  Enough varies based on many factors, including your life stage, financial needs, and desired outcomes.  How much money is enough to:

Retire at age 55 and never work again?

Retire at 50 and work part-time in retirement until age 65?

Quit your day job to become an entrepreneur?

Leave your high-paying career for a lower-paying, more meaningful opportunity?

Retire with enough to leave an inheritance for your family?

Figuring out precisely what you want is essential, so you’re pursuing the right outcome. The ideal outcome is not always clear.   My goal since 2003 is to retire and never work again at age 55, so I can travel six months out of the year.  I was 27, single, and living with my parents when I set that goal.

Eighteen years later, my reality has changed. Kids, future college costs, new interests, and a greater sense of purpose have changed how I think about a traditional retirement.  Working at the same corporate job for the next ten years and retiring at age 55 to travel may not be the optimal route.  I’m now looking at hybrid models, where I potentially “retire” from my lifelong career to pursue more exciting work.  

To continue reading, please go to the original article here:

https://www.retirebeforedad.com/how-much-money-is-enough/