How to Create Wealth During a Recession
How to Create Wealth During a Recession
July 2022 Financial Imaginer
There’s no time like the present to create wealth. Most wealthy people know that it’s during difficult times when possibilities for building wealth abound. So if you’re looking to create some serious financial stability for yourself and your loved ones, don’t wait – don’t let this crisis go to waste – start now. Learn how to create wealth during a recession with the following 8 tips.
1. Never let a Crisis go to Waste.
Based on a True Story
Based on a True Story
Notes From the Field By Simon Black November 11, 2022
More than 3,000 years ago, between the 12th and 13th centuries BC, the legendary king of Ithaca, Odysseus, set sail from the ancient city of Troy to begin the journey home.
The stories of the Trojan War, and of Odysseus’s voyage home, have been passed down to us in the form of epic poetry from Homer. Most of it is pure fiction. But like modern film, TV, and ‘true crime’ podcasts that abuse dramatic license to entertain their audiences, Homer’s epics may in fact be “based on a true story”.
Why Today’s Inflation is Not a Repeat of the 1970s
Why Today’s Inflation is Not a Repeat of the 1970s
Posted November 1, 2022 by Ben Carlson
I’m not a huge fan of the Federal Reserve’s current policy choices. LINK
They obviously had to do something about the persistently high inflation but I think they run the risk of overdoing it. The magnitude of their interest rate hikes increases the risk of something breaking in the financial system. LINK
The Fed is in a tough spot because they acted too late but also because they don’t want inflation to get so bad that it causes them to bring the hammer down even harder in the future.
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?