Three Global Cities Where You Can Still Beat Inflation
Three Global Cities Where You Can Still Beat Inflation
Notes From the Field By Simon Black November 8, 2022
Inflation is undoubtedly one of the biggest stories of our time.
It’s a story of abject failure — of how the ‘experts’ who have been entrusted to pull the giant levers of the economy were asleep at the wheel. The ‘experts’ failed to anticipate how their irresponsible spree of spending and monetary expansion would create inflation. They failed to notice it. They failed to do anything about it in a timely manner.
And now that central bankers have switched to this new HAIR ON FIRE, ULTRA-PANICKY monetary policy, they’re failing to instill even a modicum of confidence in the future.
Lottery Win Fail
Lottery Win Fail
March 2022 Matt Financial Imaginer
What started as an attempt to teach my kids a financial lesson about why playing the lottery is a bad idea backfired soon – we experienced a lottery win fail! While shopping we saw a huge digital billboard promoting how “nobody makes more millionaires” than the lottery company. Of course, I couldn’t let that sit with the kids and started to explain how most people lose their money attempting to get rich. Then the billboard went to show how the jackpot swelled to almost 40 million dollars.
A very tempting number indeed.
Playing the Game of Life: Comparing Life to Video Games
Playing the Game of Life: Comparing Life to Video Games
November 2022 Financial Imaginer Matt
In life, we all want to win. We all want to achieve our goals and be successful. But what does it take to win the game of life? In this blog post, we will explore the concept of how to play the game of life like a video game!
Just like in video games, in life, you can become whoever you want to be, look however you want, and upgrade yourself as you see fit. The beauty of playing video games is that you can play as many lives as you want, and enter into as many different worlds as you please. In real life, you just got 1 Up!
“Video game players are artists who create their own reality within the game.”― Shigeru Miyamoto
Who says you can’t do so in your own life?
How Much Land Does a Man Need?
How Much Land Does a Man Need?
February 2022 Matt Financial Imaginer
How much land does a man need? This is the question Leo Tolstoy asked himself after realizing that chasing more and more in life would never lead to happiness. In his classic book of the same name, he delves into a tale of a farmer who is rushing through life aiming to accumulate increasingly more land.
The story starts with how a farmer’s wife had a visit from her sister from the big city.
While they were sitting at the table, his wife started to talk – and compare their lives:
Monopoly – A Great Game to Teach Kids Finance, Money and Life Skills
Monopoly – A Great Game to Teach Kids Finance, Money and Life Skills
November 2021 Financial Imaginer Matt
One of the best ways to teach kids about finance, money and life skills is by playing Monopoly. There are so many money and life lessons in this game: It teaches kids how to strategize, plan ahead, do math, negotiate with others, deal with winning or losing circumstances and control their emotions!
Oh yeah, I almost forgot the best part: It’s fun! Playing monopoly with your children will help them understand a few highly important concepts that are essential for their financial literacy – and their lives.
“Becoming wealthy is like playing Monopoly, the person who manages to accumulate the most assets, wins the game!”
Inflation Hedge Your Life 5 Easy Ways to Live Richer
Inflation Hedge Your Life 5 Easy Ways to Live Richer
July 24 2022 Financial Imaginer
Inflation is at an all-time high. The rising prices of goods and services are making it increasingly difficult for people to live comfortably. However, there are ways that you can inflation hedge your life and potentially live even richer without having to make significant changes. In this blog post, we will discuss some creative ways that you can protect yourself from the effects of inflation.
There are endless possibilities when it comes to inflation hedging your life.
Some of them are surprisingly simple and easy to implement.
Let’s get started!
The Secrets of Stealth Wealth
The Secrets of Stealth Wealth
17. October 2022 Financial Imaginer
How many people do you know who have stealth wealth? Chances are, not many. That’s because stealth wealth is something that people living it don’t talk about. It’s a secret that they keep to themselves. But why? Why go to all the trouble of keeping your wealth a secret? In this article, I shall try to answer that question and more.
We will explore the concept of stealth wealth and discuss why it is something that everyone should be interested in. We will also provide tips on how to live a life of stealth wealth and how to recognize if others are doing the same. Lastly, we will explain what it takes for you to start living a stealthy wealthy life and why doing so can be so beneficial.
How to Detach from Your Financial Wins and Losses
How to Detach from Your Financial Wins and Losses
We never truly know whether an event is good or bad, whether it’s winning the lotto or a recession
Jacob Schroeder Oct 14
Bear market, high interest rates and a looming recession. What a terrible time to invest, buy a home or start a business. Or, maybe it’s a great time to invest (cheaper stocks), buy a home (fewer competing buyers) or start a business (less market competition). Everything is terrible. Or, maybe everything is great.
Most financial decisions we make are in response to events – losing a job, winning the lotto, having a baby. Instinctually, we make a judgment about those events and then act; we celebrate the good and grieve the bad. But, what if we can’t really tell the good from the bad until much later – or even never?
How Our Perceptions of Time and Money Change as We Age
How Our Perceptions of Time and Money Change as We Age
BY RETIRE BEFORE DAD
Our perceptions of the value of time and money shift as we age. In early adulthood, time is abundant, while money is scarcer. We want more money and are willing to sacrifice our time to get it.
By middle age, a thriving career helps us earn more, but job and family obligations consume our time. Life is expensive, and working middle-aged people never seem to have enough time or money.
Approaching retirement, we’re more willing to spend money to save time. Why mow the lawn when you could be playing golf or Bridge? And what good is all that wealth if we have no time to enjoy it?
Yikes. The Federal Reserve Lost $4.1 Billion Last Month
.Yikes. The Federal Reserve Lost $4.1 Billion Last Month
Notes From the Field By Simon Black November 1, 2022
In the early spring of the year 1492, Lorenzo de’ Medici had just arrived to his family’s opulent villa in the hills nearby Florence when he began to experience severe stomach pains. His pain quickly grew worse, and the finest physicians were summoned to heal him; Lorenzo was reportedly given a number of potions and treatments. But nothing worked.
Within a matter of days, the 43-year old Lorenzo had passed away. And all of Florence panicked at what might happen next. They called him Lorenzo the Magnificent for a reason. Under his leadership, the Republic of Florence had cemented its position as one of the biggest powers of Europe.
Handle Hard Well
.Handle Hard Well
Oct 27, 2022 by Ted Lamade@collabfund
Guest post by Ted Lamade, Managing Director at The Carnegie Institution for Science
Ihave been writing these articles for close to a decade now. In doing so I have covered many topics, but none have resonated more than this issue of adversity. As a result, my antenna is up. This is why I happened to notice something this past Sunday afternoon while watching the Buffalo Bills play the Kansas City Chiefs, specifically the two starting quarterbacks — Josh Allen and Patrick Mahomes.
Allen and Mahomes may be the two best quarterbacks in the NFL today. Allen is currently the frontrunner to be this year’s MVP, while Patrick Mahomes was the League MVP in 2018 and Super Bowl MVP in 2020. Yet, neither was expected to even make it to the NFL. In fact, Mahomes wasn’t even ranked in the top 50 recruits in his home state of Texas and Allen failed to receive a single scholarship offer coming out of high school.