DINARRECAPS8 4/8/23 DINARRECAPS8 4/8/23

Who’s Responsible?

Richard Quinn | Apr 7, 2023

CAN WE REALLY EXPECT Americans to be financially literate and act prudently with their money—when they can’t even return a shopping cart to where it belongs, or stop dropping litter wherever they stand?

I was in the grocery store recently and came out to find a shopping cart pushed into the side of my car. I was parked eight feet from the cart corral. Meanwhile, on my last trip to an ATM, the ground was littered with receipts. It looked like a blizzard, which isn’t what you expect in Florida. I couldn’t resist picking them up and looking at them. “Transaction denied” and “insufficient funds,” they read. I guess folks were annoyed at those messages and unaware they had no money in the bank. Surprise?

DINARRECAPS8 4/7/23 DINARRECAPS8 4/7/23

How Collecting Baseball Cards Can Teach Valuable Life Lessons

MARCH 21, 2023 Financial Pilgrimage

A few weeks ago, my dad asked me to list a few baseball cards on eBay. The cards were the 2001 rookie cards of Ichiro Suzuki and Albert Pujols. To my surprise, each card sold for several hundred dollars fast. Listing those cards brought back memories of collecting baseball cards as a kid. This article covers three crucial life lessons I’ve taken into adulthood from collecting baseball cards.

I spent my Saturday nights as a pre-teen trading baseball cards with friends. My best friend lived three houses up the street and was my leading trading partner. We often had sleepovers with wrestling videos, video games, and an all-out baseball card exchange.

Yes, I was (and still am) a huge nerd.

DINARRECAPS8 4/6/23 DINARRECAPS8 4/6/23

How Your Bank Is Funding Climate Change

By Kara

Did you know that just four US banks are responsible for one quarter of fossil fuel financing over the last six years?

I think we can all agree that being you know instigators of global climate collapse is not a good look for any of these banks. But it’s also not a good look for any of us who might be using these banks. Now, you may be thinking, look, I don’t spend my weekends fracking for oil in the Gulf of Mexico. I’m not up there trying to drill in the Arctic reserve, like, how did I get drawn into this fossil fuel mess? Well, it’s a little thing called fractional reserve banking.

DINARRECAPS8 4/6/23 DINARRECAPS8 4/6/23

THE WISDOM OF THE ADDICT

April 6, 2023 · by The Escape Artist ·

“Dr Anna Lembke MD points out that recovered addicts are heros because they managed to successfully navigate dopamine dynamics— which is something that almost everyone else, addict or not, grapples with in our modern world & we don’t even realize.”

Professor Andrew Huberman

I’ve been reading a bunch of Quit Lit (books about recovery and addiction) recently and I tell you…those guys are onto something. The recovered addict has a hard-won wisdom that eludes the rest of us.

Recovered addicts are an edge case for negotiating and taming desire. Recovered addicts have learned to be okay…no, better than okay…with less. Recovering addicts have chosen minimalism and it has saved their life.

DINARRECAPS8 4/6/23 DINARRECAPS8 4/6/23

Find Financial Freedom: 5 Simple Tips for a Stress-Free Life

APRIL 6, 2023 Financial Pilgrimage

Reducing financial stress in your life is easier said than done. Even if you have the best intentions, it can be challenging to make progress. Fortunately, making progress is possible and probable when you have the right tips to guide you.

There’s no one size fits all solution to reducing financial stress in your life. Instead, your approach depends mainly on your financial circumstances, such as how much money you have saved, your monthly expenses, and your short and long-term goals.

DINARRECAPS8 4/4/23 DINARRECAPS8 4/4/23

The Gold Awakening

April 4 2023 Simon Black Sovereign Man

Letter from the Editor:

If you do any investing, especially in commodities, then you’ve likely heard the name Marin Katusa.

Several of our subscribers, in fact, have spoken very highly of his research, having made money the last time we shared a few of his findings. That’s why I’m doing the same this week. Marin has a knack for timing. And right now, gold is at $2,020/oz. This letter came across our desk this morning, so I’m passing it along to you in case this is the kind of opportunity you’d like to consider. It’s long, but I’d encourage you to read all the way through. Caveat – as with any kind of investing, there is risk involved. But part of our job is to share opportunities we find with you.

DINARRECAPS8 4/4/23 DINARRECAPS8 4/4/23

Can a Trustee Remove a Beneficiary From a Trust?

By Rebecca Lake, CEPF® Tue, April 4, 2023

Creating a trust as part of your estate plan is something you might consider if you'd like to ensure that your assets will be managed according to your wishes after you're gone. When you establish a trust, you'll need to name a trustee to manage assets and one or more beneficiaries who can receive them. Can a trustee remove a beneficiary from a trust? Generally speaking, no, but there are other scenarios when a beneficiary can be removed. For help with your estate plan, consider talking to a financial advisor who has estate planning expertise.

DINARRECAPS8 4/4/23 DINARRECAPS8 4/4/23

How Financial Literacy Changes Once You’re Retired

John Csiszar Tue, April 4, 2023

Financial literacy covers a wide range of topics, from budgeting and saving to investing and planning for retirement. Once you retire, however, financial literacy broadens to include scenarios that may not have been as relevant during your working life. For example, income typically drops in retirement, while expenses may remain the same or even rise, depending on the type of lifestyle you lead and the condition of your general health. Financial Literacy Month is a great time for both seniors and those about to retire to review their planning and make sure they're prepared for the changes encountered in retirement.

DINARRECAPS8 4/3/23 DINARRECAPS8 4/3/23

New Government Report Says Social Security Will Be Broke In 10 Years

April 3, 2023 Simon Black Sovereign Man

Paris. Such a romantic city. Sip coffee at a sidewalk bistro, while you take in the wafting smell of burning rubber from the street fires. Take a picture with the Eiffel Tower, as you dodge incoming tear-gas canisters. Enjoy the ambiance as you stroll the alleys between 5,600 metric tons of garbage currently rotting on the sidewalks.

See, the sanitation workers’ union is one of several currently on strike in Paris.

They and over a million protesters have lit fires in the streets, destroyed property, and sparred with riot police over the past weeks.

DINARRECAPS8 4/3/23 DINARRECAPS8 4/3/23

Why is it so Essential to Learn Money Skills?

August 5 2021 Financial Imaginer

Do you know how to take care of money? Did you learn about money in school? From family? From friends? Have you ever wondered how some people seem to have more money than others? Some even have more than they would ever need. This is not just because they’re lucky, it’s because they’ve learned how to take care and manage their money!

If you want to feel confident about your financial future, then there are some things you can learn about money. I can be your teacher. If you invest your time to improve your financial literacy, I promise you here and now this will be one of the best decisions of your life!

DINARRECAPS8 4/3/23 DINARRECAPS8 4/3/23

How to Avoid Financially Destructive Revenge Spending

4. March 2023 Financial Imaginer

It’s no secret that revenge spending has become a [post-pandemic] phenomenon, as people try to make up for what they believe they might have missed out on during the pandemic. People are playing catch-up, trying to even the score on their deferred consumption. However, while revenge spending can be cathartic and temporarily rewarding, it can also have serious financial consequences if not managed properly.

Revenge spending can take many forms:

Such as catching up for yourself, getting even with your partner or family, or simply YOLO’ing your way through life.