Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

8 Genius Things Poor People Know About Money That Rich People Don’t

8 Genius Things Poor People Know About Money That Rich People Don’t

Cindy Lamothe Mon, November 13, 2023

People with less means know a thing or two about stretching a dollar — something the rich may not fully understand. “Poor people are experts at finding ways to make the most out of their limited income,” said Ricardo Pina, personal finance expert and founder of The Modest Wallet. “They have learned to live frugally and make smart financial decisions in order to survive.”

 “For instance, they know how and where to shop for the best deals, how to negotiate prices and how to find substitutes for expensive products,” he added. “All of these skills help them to stretch their budget and make ends meet without getting into debt.”

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Advice, Economics, Personal Finance, Simon Black DINARRECAPS8 Advice, Economics, Personal Finance, Simon Black DINARRECAPS8

Response To America’s Latest Downgrade Really Proves The Point

Response To America’s Latest Downgrade Really Proves The Point

Notes From the Field By Simon Black  November 13, 2023

On the evening of June 18, 1815, in the Belgian hamlet of Mont-Saint-Jean, nearly 70,000 troops under the command of the Duke of Wellington, alongside 50,000 allied Prussian soldiers, fought against the French forces of Napoleon Bonaparte in the historic Battle of Waterloo.

Waterloo was a bloody affair, with heavy casualties on both sides. But the Anglo-Prussian alliance won the fight, and Napoleon was forced to abdicate his throne just a few days later.

The Napoleonic Wars-- more than 12 years of constant conflict-- were over, and Europe was finally at peace.

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

Jaspreet Singh:  Have at Least 3 Different Bank Accounts — Here’s Why

Jaspreet Singh:  Have at Least 3 Different Bank Accounts — Here’s Why

Dawn Allcot  Fri, November 10, 2023

Most people, even if they are just starting out in their financial life, understand they should have two bank accounts: one checking and one savings. But YouTube personality and finance expert Jaspreet Singh recommends three.

In a short YouTube video, Singh detailed the way you can break out of the cycle of spending to make other people rich and get started on your own path to wealth by dividing your money the way the rich do.

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Gold Vs. Silver: Which Is Better Right Now?

Gold Vs. Silver: Which Is Better Right Now?

Notes From the Field By Simon Black  November 8, 2023

Almost two decades ago, I walked into a coin shop in Florida to buy my very first piece of silver. I was in my mid-20s at the time and just starting to teach myself about financial history, the national debt, and central banking.  It was early in my education. But I had already determined that owning precious metals would be a good idea as a hedge against future uncertainty and rapidly increasing government debt. But I didn’t have much money at the time. So silver-- at just a few dollars per ounce-- was well within my budget.

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Here’s An Obvious Reason To Own Silver

Here’s An Obvious Reason To Own Silver

Notes From the Field by Simon Black  November 6, 2023

By the summer of 1812, Napoleon still thought of himself as nearly invincible. He had conquered nearly all of Europe with relative ease and brought the continent’s remaining rulers under his control. He had personally lost just a single battle.  And his chief nemesis, Great Britain, had just been dragged into a new war with its former colony, the United States.

In short, things were really going his way. And the summer of 1812 would have been a great time for Napoleon to take a break, consolidate his gains, and focus on quelling internal rebellions and intrigue from within his vast, new empire.

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

13 Everyday Money Deals Rich People Take Advantage Of

13 Everyday Money Deals Rich People Take Advantage Of

Cindy Lamothe   Tue, November 7, 2023

There are many ways to grow your wealth — and the rich know exactly how to do just that. They understand how to get the most out of their buck by taking advantage of everyday money deals we might overlook.

“These strategies, while more pronounced among the wealthy, can offer insights for individuals at all wealth levels to make informed financial decisions,” said Howard F. Goldman, finance specialist at Money4Loans.

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$2,000 Gold Is Just The Beginning. Here’s What Might Happen Next-

$2,000 Gold Is Just The Beginning. Here’s What Might Happen Next-

Notes From the Field By Simon Black  November 1, 2023

Public Law 93-373 was supposed to be so boring that Congress didn’t even bother to give it a name.

You know how most laws passed by Congress have some fancy name-- like the “Inflation Reduction Act” or the “USA PATRIOT Act” or some such nonsense?

Well, on November 7, 1973, US Senator James Fulbright introduced a very short bill-- it was only ONE page-- that didn’t even have a name. But Fulbright’s unnamed bill ended up being one of the most important pieces of legislation in US history.

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Advice, Personal Finance, Simon Black DINARRECAPS8 Advice, Personal Finance, Simon Black DINARRECAPS8

This Region Has The Highest Concentration Of Plan B Options On The Planet

This Region Has The Highest Concentration Of Plan B Options On The Planet

Notes From the Field By Simon Black  November 2, 2023

Imagine that a couple weeks ago, on a cool October day, you were suddenly transported to a small mountain town celebrating Oktoberfest.  You see red-roofed, wood-frame homes plastered against the nearby mountains, and the quaint downtown is filled with microbreweries and pastry shops offering apple strudel.

You distinctly hear a group of blond-haired blue-eyed locals speaking German, and you confidently conclude you have found yourself in a small village in the Bavarian Alps.

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

13 Lessons From Millionaires That Financial Planners Use To Help Others Get Rich

13 Lessons From Millionaires That Financial Planners Use To Help Others Get Rich

Laura Gariepy   Wed, November 1, 2023

Financial planners have seen it all while working with clients-from financial ruin to financial freedom. Over the years, they’ve learned what separates millionaires from those who struggle to get their monetary footing.

Eight of them shared the insights they’ve picked up from clients in the seven-figure club that they now use to help others build the life of their dreams. Here are 13 of those lessons.

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Advice, Personal Finance DINARRECAPS8 Advice, Personal Finance DINARRECAPS8

12 Ways To Bank Smarter: Simple Tips And Tricks To Increase Your Wealth

12 Ways To Bank Smarter: Simple Tips And Tricks To Increase Your Wealth

Matthew Goldberg  Bankrate   Wed, November 1, 2023

Banking can be complicated, with thousands of banks to choose from that each offer an exhaustive set of disclosures and fine print. And then there’s the rates and fees, all of which need to be considered carefully before you sign on the dotted line.  But these tips and tricks can help you bank smarter — so you can earn more money and save time.

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