My Thoughts on Gold and Silver.

My Thoughts on Gold and Silver.

By Muhammad Ali

​I have had several people contact me about my opinion on what will happen to Gold and Silver.  So this article, in a way, is a follow up to my previous one, titled "Precious Metals - My Plan B".

​First, let me just give you some of my background so you know that I have a bit of experience on this.  I've started trading Forex, since 2000, while I was living in Canada.  My first Forex course was Steven Nisson's candlestick training on VHS.  I still have it and autograph books of his.

 I spent a small fortune on training courses and books and from live trading experiences.   I continued trading when I shifted to Malaysia in 2004 and around 2009 I opened my own Forex Company here, taught courses on Forex and trading for people as well as providing online signal services. 

I have had my own traders and I did all the management for the company.   I had a 15,000 square foot office in the heart of Kuala Lumpur.   I had clients subscribing to my signal services from over 100 countries.  I had professional services charging $500 US per month for signal services. 

I've truly gone thru a lot in Forex, experimented with hundreds of robot software, known as E.A. (Expert Advisors) and trading systems and indicators.   Then I just had enough of it all and stopped, but God had his own plan and brought be back to Forex via the Dinar, so now I just deal with the physical currency, less stressful.

​But during my years of intense study of charts, I learned about a man named Tom Williams.   Here's a short YouTube video and Tom's tells you some very important psychological aspects of the markets and people.

Smart Money Drives the Financial Markets?

https://www.youtube.com/watch?v=6jwEwlZnSFY&feature=emb_logo

Now, just to further tell you who Tom is, he's a syndicate trader or professional trade or the Smart Money.  They all mean the same thing, these are the people who move the markets, who manipulate and control the markets via the media.

​I bought all his books, his courses and his software and studied intensely and learned a lot.  One thing I did learn, is the charts lie to you, candlesticks lie to you, the charts do not show the movement of the smart money. 

These people must have a Klingon cloaking device because they are invisible to the eyes of the people.  There is ONLY 1 indicator that the smart money cannot hide from, the volume indicator and interestingly enough, 99% of all the traders out there do not use the volume indicator nor understand how it works.  But this is the ONLY indication to know when the Smart Money is beginning to make their move.

​I've witnessed first-hand the manipulation of the Smart Money and the manipulation of the brokers as well.  The difference with a person's trading platform as compared to the smart money is you see your trades taking place, whereas they see everyone's trades taking place.  So they have the added advantage over us.

​So now, fast forward, 19 years later, that gives you a brief background into my experience, so let's get into today's article.

​I am a firm believer in Gold and Silver.  They are and will be the money of the future that is without any doubt.  If you take back anything from my article today, it's that, after the RV, you MUST buy some physical quantities of Gold and Silver.   This is the very reason why I added the precious metals tab in my Currency Exchange Planner, as I believe your exchange plans should or must include gold and silver.

The difficulty with most people today, including myself, we lack the capital to buy any large amounts of these precious metals, but all that will change with the RV.  I have educated my group to invest into these currencies, that we all hold, and after the RV, you'll now have the capital to secure more precious metals.

​Between the two metals my preference has always been towards silver and I am sure we will one day see the two metals at par.  Silver is in much more of a shortage than gold and also more of a demand.

Thru my study of Forex and the smart money what I've come to realize the hard way, the markets are manipulated and it's not a level playing field.

And, thru my study of charts and breakouts and again following the smart money, here's what I believe will happen.

Since 2014, I have said you will not see gold and silver go anywhere until the RV happens.  Until that point, you will see these two metals just bounce in a range, which is what they have been doing for the past 5 years.  Recently you've seen gold starting going up but it's still not going anywhere, it's still controlled.

​When the RV happens, you will see both start to shoot up, the fake media will jump on it with their propaganda pushed by the smart money and this is directed to the people to get on the bandwagon and buy gold and silver, to get in while the getting is still good before it shoots thru the roof.  All this is planned, as with what Tom Williams said in the video above.

​What I suspect will happen is this will be a false breakout.   If you're studied FX charts and triangles you'll know what I mean about breakouts and false breakouts.  The Smart Money are manipulating the prices making people jump in, making them believe that the gold prices have broken out of the range and now moving up, they'll raise the price a few hundred pips, believe me, they can do it anytime they feel like it.

   What I predict will happen, is that after a lot of people join into the buying streak and feeling they are comfortable and happy with their investment, then out of greed, the people will try to find more or borrow more money to invest in gold and silver. 

The smart money will know the timing, and then they'll pull the rug right out from under everyone and will drop the price by 50% or more in the span of 1 hour, it'll be a sudden drop and you'll see silver prices and gold prices even lower than what it is today.  It would happen too fast to be able to do anything about it.  That, in essence, is a false breakout.

The fake propaganda media will again get on with telling everyone to get out before metals hit rock bottom.  All these fake news propaganda created by the Smart money.

For those buying physical will be alright, as they own the physical gold or silver bullion some may panic and sell their bullion and some will still hold on to it.

​Those trading gold and silver online will be wiped out, by margin calls or stop losses triggered.  These are the people the smart money is targeting.  Millions of people will be wiped out financially.

​Once the price is dropping and has dropped the smart money will be there to buy up at dirt cheap prices that people once paid a hefty price for.    As Tom said in the video, this is what they do, when the news says to sell, the smart money are buying.

​Now, why do I believe this will happen the way? Well, this scenario has happened over and over and over again with Forex currencies, commodities, stocks and will continue to happen. 

I've seen it, I've gone thru it, and it adds an enormous amount of stress to your mind and body.  The smart money is masters at manipulation and they do not give a ** about you.  

That's why they say 98% lose their money in Forex and only 2% make money, because they don't understand how the smart money trades and they don't trade with the smart money.   If you trade against the smart money you'll surely lose it all.  

All this will just be a game to them, another opportunity to take your money and I believe where there is opportunity for the smart money to do it, they definitely will.

After the false breakout and the precious metals drop, millions were wiped out from their trading positions on gold and silver, the smart money are buying once again and will then move the prices of gold and silver higher and higher and higher.  Remember, I said, this is all but a mere game to them. 

They care not if you are wiped out and crushed.  Their egos are so high; they are so full of themselves that they will do it just to show the world that they can.

So what I have told my group, is once the RV happens, we have time to exchange, then we watch the prices of gold and silver climb.  If you want to buy, you can also, but make sure you buy the physical bullion and then just hold on to it.  When the prices drop by 50% or more, that's the time to go all out or all in, depends on your viewpoint and buy what you can but buy according to your plan.

​Thing may happen very quickly and very fast after the RV.  That's another reason why it's advantageous for you at this point to know and keep tabs of where to buy gold and silver online and thru retail outlets. 

As when the prices drop, some of these dealers may stop selling, until the markets stabilize or may be competing with millions of other buyers so you need to act quickly. 

Technically, these dealers paid a higher price for their stock, so if the price drops 50%, it's only logical that they will be inclined to stop all sales, as they would be losing money themselves by selling the metals at low prices.  So you need to keep what I just said in mind. 

If gold and silver drops by 50% in 1 hour, for sure the dealers will put a hold on selling.  That's why settling some debts and things after RV, should be a second priority, monitoring other opportunities as getting in on Gold and Silver as they begin their decline to lower prices should be your first priority. 

This is why it's so very, very, very important to plan and have a plan.  In my exchange planner software, in my gold and silver tab, you can enter your places where to buy the precious metals.  So it's all part of your planning.

​Now, I am going to share with you something that I plan to do to cover myself.  So I said, I expect gold and silver to drop by 50%, right?  Then I said, at these low prices dealers will stop selling, right?  So then, that means there's no opportunity, right? WRONG.

This is what I plan to do at the bottom out of the prices.  If I cannot get physical, I will buy gold and silver online.  You may not be able to buy the physical but you can buy it virtual or digital. 

Now that I've enter the markets at bargain basement prices, I will wait and ride the wave back up to the $5000 or $50,000 an ounce price to whatever it may go to.  As it's going up to higher levels, I will sell off some of the trades and use that money to buy the physical.  

So if I cannot buy the physical metals at the low prices, I most certainly can buy online via trading and then at a later date in the future, sell off and convert to physical, where there is a will, there is a way.

​So there you go, this is what I expect will happen.  Whether it happens this way or not, only time will tell, but the important aspect is please include gold and silver as part of your planning as part of your Plan B.  If you believe Gold and Silver will happen  to rise some other way then that's fine but go back and please read the title of this article.

Thank you and I wish you all the success in your currency exchange.

Muhammad Ali

www.CurrencyExchangePlanner.com

The No. 1 Planning Tool for the Dinar community.

Available in Desktop PC/MAC and Mobile App (Android & IOS) versions

https://www.currencyexchangeplanner.com/article-23-my-thoughts-on-metals

Precious Metals - My Plan B

Precious Metals - My Plan B

By Muhammad Ali

You may have heard me refer to precious metals as my Plan B, in several of my articles.  If you haven't read any of my articles you can read them on my website, unless of course, you're on my website right now reading this article, therefore, just ignore everything I just said.  ;)

OK back to the subject, precious metals and why do I consider them as my Plan B.  The reason for this article clarification came about because someone emailed me, asking why do I consider precious metals as my Plan B.

Before we get into that, let me just clarify something else, what do I refer to as precious metals?  Gold and Silver are the obvious, but I would also add in there stones and other metals as well.  For stones, one may debate the risks involved as the purchase and re-sale values may be far apart, especially in the case of diamonds.  Well for general purposes we'll just stick to gold and silver.

We can all agree that a Plan B is a back up plan, there's no question about that.

So one may assume that the precious metals you purchased is your back up plan, in case of a market crash or you've blown too much of your wealth and need to liquidate your assets to get back on track.  If that's the case, that's fine.

However, I take it on a different level and I apply my precious metals as a Plan B to my investments.

I said, in a previous article, before getting involved in investing, determine your lifestyle choice for living after the RV.  Do you want a simple work-free lifestyle or do you want to join Robin Leach's Lifestyles of the Rich and Famous?  I used to love watching that series back in the late 80's.

In my viewpoint, it is important to determine your lifestyle first, the reason for this, it will determine how much you want to expose yourself in the markets.  If you want a simple lifestyle then there's no point going Gung Ho and investing a huge amount.  You'll be putting yourself at a higher risk in case things back fire on you and you suffer loses.  Let's put some numbers down so the picture becomes crystal clear.

After our exchange, let's we say had $5 million and we choose to have a simple lifestyle and target to make $5,000 per month, in our mind, this is enough for us to have a work-free lifestyle.

If you invested $1,200,000 into a fixed deposit account making 5% per year, this will give you $60,000 per year or $5,000 per month.  Bingo!  And on a plug note: My Currency Exchange Planner software has an Investment tab to help you plan with this.

So if that is our target, then we should invest slightly above that $1.2 million target line, let's say $1.5 million.  This gives us a little buffer room.  If we invested our entire $5,000,000 but our target was only to make $5,000 then we have over exposed ourselves into the markets with a risk of losing $3.5 million if things turned to the worst. 

In this example, if we had $1.5 million of our $5 million invested, it means we have $5,000 coming in every month and we still have $3.5 million in our bank account.   This plan will free yourselves of anxiety, stress and Sudden Wealth Syndrome.  Of course, you still need to apply money management to the $3.5 million. 

Don't forget what I advised in a previous article to compound your profits for a few years, maybe 3 to 5 years.  So your investment account can grow and give you a buffer zone to handle any losses that may or may not occur.

So if your lifestyle target is higher then you'll need to raise those numbers as required, but keep in mind your targets should equate to the exchanged amount after RV.  You won't be able to live a Robin Leach's lifestyle if your exchanged amount was only $800,000.  Please apply all  your senses to your management of money, especially the greatest one, common sense.

Can you now see why it's important to determine your lifestyle first?  You're lifestyles can change and adapt, that's entirely up to you.  But your after RV lifestyle is directly connected to your investing.

Before we move on, something very important about Fixed Deposits, they are Guaranteed returns.  Unlike investment in the stock market or commodity market, fixed deposits are not a risky investment as they do not depend on fluctuating market rates.

 Investors can rest assured that their investments are safe and will be getting back a guaranteed amount at the end of the tenure.  Especially if the bank gives you a FREE toaster for signing up, right!  On a serious note, enter your fixed deposit amounts in the Low investment category of the Investment tab in my exchange planner.

Now, let's get into Plan B. 

What I am thinking and how I connect my precious metals to my Plan B, is like this.  The precious metals are a back up to my investments.  If the investments go bad, I won't replace the lost funds from my bank balance but from my precious metals. 

I would sell off the required amount in gold or silver to replenish my investment account.   The goal is to always have $1.5 million in that account, as per my plan.

Now, what I would do, is if I wanted to invest $1.5 million into the market, I would double that amount as my gold and silver purchase amount, meaning: If I wanted to invest $1.5 million I would purchase $3 million in gold and silver (combined), so what that means is my investing allocation combined with my precious metals would be $4.5 million. 

In the example above, if we only had $5 million after exchange then, of course, my precious metals budget would be bumped down or my lifestyle or both.  Another CEP plug: My exchange planner has a precious metals planning tab that can help you plan your budget.

My thinking here, is to offset and minimize my investing stress by having a fund (in my case, my precious metals) as a back up in case there are losses.  So I do not have to always worry, will I make money or not? 

If I lost money, my reaction would be, ok fine, I have a reserve fund option in place for that.  So then, I can go about enjoying my day and my life without having to worry deeply about that.

Going back to the issue of compounding, you may also want to consider compounding a different way and using the profits from your investing for the first 3 to 5 years as top ups to your precious metal purchases. 

So then, I would still invest my $1.5 million but the $60,000 earned per year I would use that amount to buy more precious metals and increase my Plan B, until I have the 1:2 ratio.  Remember this ratio is not written in stone, you can lower or higher the precious metals account as to what makes you feel comfortable.

Our target is to have a WORK-free and WORRY-free lifestyle.  You've all read about work-free lifestyles and I have even mentioned it above but I hope my article today has taught you the bases and importance of adding into that a WORRY-free lifestyle. 

You've got all kinds of options, you just got to start getting your plans down on paper and out of your head.  My Currency Exchange Planner was perfectly designed for this.

So with that note, I will end my article, I hope it has been of interest to you and your planning after the RV.

​God bless us everyone and may we all be part of the exchange process and what comes afterwards. Amen.

Thank you and I wish you all the success in your currency exchange.

Muhammad Ali

www.CurrencyExchangePlanner.com

The No. 1 Planning Tool for the Dinar community.

Available in Desktop PC/MAC and Mobile App (Android & IOS) versions

https://www.currencyexchangeplanner.com/article-22-precious-metals-plan-b

The Seven Deadly Sins Of Personal Finance

The Seven Deadly Sins Of Personal Finance

From the Recaps Archives posted on 6/4/2019

The Seven Deadly Sins Of Personal Finance
By J.D. Roth —03 June 2019

I've been reading and writing about personal finance for more than thirteen years. In that time, I've consumed a lot of books about money. Lately, I've found that it's fun to revisit old favorites.

Recently, for instance, I've been re-reading Brett Wilder's The Quiet Millionaire [my review]. It's different than most personal finance books. It's targeted at those who are farther along their financial journeys rather than at those just starting out. Still, there are bits and pieces in The Quiet Millionaire that are applicable to everyone.

Ten years ago, I wrote that I particularly like Wilder's list of the seven enemies to financial success (which is my phrase, not his). I still like them. He writes:

If you want to become and stay the quiet millionaire, you must plan and manage your financial way of life…You must be proactive in order to obtain the financial life you want. By doing this, you will overcome the seven major obstacles to financial success.

Wilder is saying that we know there are certain common barriers to wealth. These obstacles arise for everyone. Because of this, it's possible to plan in advance to cope with them. First, however, we have to be able to name these enemies so that we can prepare the proper weapons to fight them.

The Seven Enemies of Financial Success
According to Wilder, the seven enemies of financial success are:

Lack of discipline. Without discipline, it's difficult to build wealth. In fact, it's impossible to get rich — slowly or otherwise — if you spend more than you earn. The math just doesn't work. Wilder also warns against compulsive spending, and he urges readers to track where their money is going.

Materialism. Stuff will not enrich your life. It's so very easy to find yourself “keeping up with the Joneses”, succumbing to lifestyle inflation. But materialism breeds discontent. Instead, Wilder says, focus on intellectual and spiritual pursuits to obtain fulfillment.’

Debt. Not all debt is bad, of course. A reasonable mortgage on a sensible home is fine. But consumer debt — or a bad mortgage on a big house — is an enemy to financial success. In fact, bad debt may be the biggest enemy to financial success.

Taxes. It's our responsibility to pay the taxes we owe, but we're under no obligation to pay more than that. “It is not unpatriotic to reduce paying your taxes,” Wilder writes. We should instead actively work to keep our tax burden as low as possible.

Inflation. Inflation is wealth's silent enemy. It will not destroy you all at once. But it's always there, nibbling at the corners of your life, consuming a little cash every year. It's impossible to keep inflation completely at bay, but you can learn to mitigate its effects.

Investment mistakes. Poorly structured investment portfolios can be a killer. This enemy is fought through education, through an understanding of diversification and asset allocation, by taking the emotion out of investing.

Emergencies. The final enemy to financial success is the unexpected: unemployment, death, illness, and legal complications. Without a plan for emergencies, you leave yourself at the mercy of the fickle fates. Carry adequate insurance and maintain an emergency fund!

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

https://www.getrichslowly.org/?s=7+deadly+sins+of+personal+finance++++++

How Well Have You Prepared For Your Currency Exchange?

How Well Have You Prepared For Your Currency Exchange?

By Muhammad Ali

We have all read on Dinar Recaps, the statistics of those who have acquired sudden wealth and how long that wealth lasted. The results are not good. Most lose their wealth, their newly acquired assets and possibly are filing for bankruptcy within 3 to 5 years of receiving it.

The problem with most people, especially when it comes to money, they do not plan ahead or they do not plan at all.

Will we be a part of these statistics? The sad truth is, YES for about 80% of the people, they will be part of these statistics, and only about 20% will be able to preserve their wealth for more than 5 years or more.

 "May the Odds be ever in your favour!" Some of you will remember that from the Hunter Games movie series.

 Unfortunately the odds will not be in our favour unless we plan and work towards it.

In my Currency group, here in Malaysia, I hear so many times, that after RV, they want to travel around world, sail around the world, help all their friends and families, buy properties in real estate, buy land, buy cars, donate to so and so charity... and the list goes on and on.

As for me, I want to buy a submarine...hahahaha, but that's another story.

The fact is there is something on the above list that is of interest to all of us.

So after listening to my group members, I play devil's advocate with them and ask them. Ok it's great that you want to do so much and help so many but the question is, after you do all this and buy all of that, how much money will you have left over? And how long will that balance last you?

Then the silence comes in and three words from their month. "I don't know."

So that started my path to create the Currency Exchange Planner software.

Frankly and in my opinion it is the best planning tool ever created for the Dinar community. There is absolutely nothing like it available.

You can keep track of your Dinar, Rial, Dong, Zim and/or Rupiah exchanges. Enter in the expected rate of exchange along with the number of notes you have and presto, instantly see your Net Worth.

It has planning features for Debt, Charity, Family Gifting and Future purchases as well as Gold and Silver purchases. Enter all of your existing debts and the net worth updates on the fly.

Enter in all the charities you wish to donate to and family members you want to gift to and again see the new balance update instantly. And then the 'Dream' tab as I call it, your Future purchases, land, houses, yachts and boats..submarines.., cars, properties, traveling, what tickles your fancy and see how much money you will have left over.

Then the Gold and Silver planning - Plan B, as I call it. Your purchase of physical gold and silver as your back up in case of rainy days ahead.

 So after, all is send and done it will tell you the balance of your exchanged money. So now you can either think that Yes, my plans are feasible or now it's time to do some thinking and re-adjusting of numbers.

A new feature that I recently added, is the CEP will even project how many years this balance can last you. This is a cool feature. Now you can see in numbers, black and while from the left over balance, if you were to live on $xxx amount a month, how many years or generations the money will last you. Of course there are other factors to consider like inflation and such, however it is still a cool feature to see.

I have always told my group that, after you exchange, you will be buying or giving and the money will be going out the door. It is imperative that you have money coming in or with simple mathematics, Money = Out will soon be Money = 0.

Sooner or later, the money will run out and you all know what that means, back to square one. I can feel some of you cringing your teeth at that thought. God, forbid we ever have to go back to J.O.B. (Just Over Broke).

So I added an Investment planning section that you can allocate a budget for investments. Then you can see the profit results in yearly and monthly form.

 For example, a fixed deposit in Malaysia will earn 4.77% p.a. so we can set aside an amount of our exchanged funds that we can have money coming in every month. There are other forms of banking investments such as Bonds and Treasury Bills that can give us a guaranteed investment return. You can discuss these with your wealth managers.

I also added several guides on investing, setting up bank accounts and pre and post RV security tips.

So I truly believe that my Currency Exchange Planner will be of great benefit to all of you.

The software is available in both Mobile App and Desktop PC versions.

So thank you for reading my article and I wish you all the best on your exchanges.

My website is www.CurrencyExchangePlanner.com I have more details and pictures.

Any questions, please contact me at currencyexchangeplanner@gmail.com

Thank you,  Muhammad Ali

https://www.currencyexchangeplanner.com/article-13-have-you-prepared

After RV Security

After RV Security

By Muhammad Ali

I have said many times to my group here in Malaysia, that you will need to be security minded after the RV.

You don't need to worry much about the guy who holds a gun to you in the streets because he only wants what is in your wallet.

There are two other people who are more dangerous to your security.

The first is the person that approaches you with a suit and tie.  He will come to you with a grand looking proposal.  Complete with all the reports and location maps and finance plans. 

However, it will all be bogus.  He is not after what’s in your wallet but about 80% of your bank account.  The think is with this type of person, he will meet with you face to face.

The next person that you need to be even more cautious is a person whom you will probably never ever meet.  The Hacker.  Now he will go after your entire bank account.

He could be sitting in a boat in the middle of the Mediterranean on his notebook and satellite internet connection or maybe sitting right across from you in a crowded restaurant.

And how did he hack you?  Maybe thru your debit card or maybe through something that you carry around with you everywhere you go, yes your phone.

For expert hackers, they can gain access to your bank accounts and more thru your phone.

So you need to start to learn how they can hack your phone and how to prevent it from happening.

In my Currency Exchange Planner software, I give a special guide on setting up bank accounts using Master Accounts and Sub Accounts.  This is how I plan to setup my bank accounts after RV.

I hope my article brings awareness and helps you to protect your bank account after RV.

Any questions please send me an email to currencyexchangeplanner@gmail.com

I am the creator of the Currency Exchange Planner, an excel spread sheet, which is the most advanced and affordable planning tool for the Dinar Community.

Try the FREE Download version to test run or BUY the full version for a One-Time low price of $25.  This includes free updates in the future.

My website is www.CurrencyExchangePlanner .com

Click on this link and this blog will explain to you how hackers can take control of your phone and how you can protect yourselves.

Http://www.theretirementcafe.com/2019/08/how-to-secure-your-online-financial_6.html

Thank you so much,  Muhammad Ali

https://www.currencyexchangeplanner.com/after-rv-security

Envelope Planning

Envelope Planning

By Muhammad Ali

You're probably thinking, what the heck is that?

It's an idea that I suggested to my group here in Malaysia and I think it's great idea for those who want to take their planning to the next step.

Once you have entered all of your exchange plans into my Currency Exchange Planner software, this is the next logic step that can help you further get a clearer picture of your overall financial portfolio.

So how does this work, Muhammad?

You categorized your allocation of currency based upon your exchange plans. So let's see an example and then things will be more clear. 

Below is a sample exchange plan from one of my group members.  What he has done is made 16 envelopes and he put the required amount of currency in each labeled envelope based upon the amounts from his exchange planner. 

Remember that everyone's plans will be different, kind of like fingerprints, it's specific to each person.  In this example, the person is holding Iraqi Dinar, Iranian Rial and Zimbabwe Dollar, you can substitute these for any other currencies you are holding, including Dong or Rupiah but just follow the logic flow of the example.

1. First RV exchange to secure Team (1 note IQD)

2. Pay current debts (1 note IQD)

3. Buy a house with land  (40 notes x IRR)

4. Open a Private Bank account (10 notes x IRR)

5. Bank Investments (40 note iqd, 40 notes x IRR)

6. Farming/Agriculture business (15 notes x IQD)

7. Plan B - Precious Metals (50 notes x IRR)

8. Entertainment & Travel  (2 notes x ZIM 100T)

9. Charity project 1 (15 notes x IQD 15 notes x IRR)

10. Charity project 2 (1 note x ZIM 100T)

11. Miscellaneous purchases (5 notes x IRR)

12. Family In-laws gifting (10 notes x IQD)

13. Taxes and expenses for 10 years (1 note x ZIM 100T)

14. Currencies to Exchange 5 years later (15 notes x IQD, 15 notes x IRR)

15. Basket 2, 3, 4 Reserve fund (5 notes x IRR)

16. Top up (If no RV as yet, buy more)

This particular Dinarian is holding quite a variety of currencies, may be you have less or may be you have more.  The important aspect of all this, is this kind of creative thinking and planning will be what is required to keep you from losing your money in the future. I cannot stress how important money  management is.

This Dinarian even allocated 1 envelope (#14) for currency to be exchanged in 5 years time,  meaning that if he runs into any financial difficulties due to Sudden Wealth Syndrome (SWS), he still has back up currency to bail him out.

He also allocated taxes and expenses for 10 years (#13) and (#15) he allocated currencies that can used to buy more currencies for the upcoming baskets.  Wasn't that very clever?

For those who are visually oriented, this kind of creative thinking and exchange planning will be right up your alley and even if you're not you may still be able to benefit from it.

​And very important, once you are done, make sure you put those envelopes in a bank safety deposit box or home safe box, but some place secure.

I hope my article has sparked some creative thinking and opened up new ways to help you plan your exchange.  Remember our ultimate goal is to be in the 30% group of those who will not suffer from SWS.  This requires learning and education and whatever else it takes, let's get it done.

 Thanks for reading my article, as a token of thanks here is a $5 off promo code that you can use at the checkout for any of my CEP products. (code: Article5).

Thank you and I wish you all the success in your currency exchange.

Muhammad Ali

www.CurrencyExchangePlanner.com

Do's and Don'ts When You Increase Your Income

Do's & Don'ts When You Increase Your Income

From the Recaps Archives originally posted on 7/11/2019

2 Things You Should Do (and 1 You Shouldn’t) When You Increase Your Income
Team Member Blog, Consumerism to Frugalism

Most of you would like to increase your income.

Whether you’re looking to make a career move, change companies, start a business, or simply move up in your current situation, making more money is likely one of the major factors in your job decisions.

Here at Money Saved is Money Earned, we know money isn’t everything and you shouldn’t live just for money. However, we also know that money plays a major factor in your ability to live the way you want.

While we should live within our means, most people would make very different choices if money wasn’t an option. Having said that, money should never be the end goal.

What’s really at the heart of the drive for more money is the desire for more freedom and power: over our life and the choices we make about it, as well as our ability to influence the world in the ways we care most about.

Money is nothing more than the means to an end.

Unfortunately, most of us will not win the big lottery, start a billion dollar company, or inherit millions. This means that while our incomes may increase over time that increase will likely be gradual, and may come in the form of step or merit-based raises, bonuses, or commissions.

However, most people find themselves spending money as fast as they make it, gradual increase or not.

With these points in mind, what SHOULD you do if you find your income increasing?

Luckily, we’re here to help.

Here are 2 things you should do when you increase your income and 1 you shouldn’t.

Things You SHOULD Do : 

Pay off Debt

We know we play this tune like a broken record, but paying off your debt as fast as you can is one of the most effective ways of having Money Earned through Money Saved.

In fact, paying off debt is second only to not accruing debt in the first place!

The reason paying off debt as soon as possible is so impactful is because of interest.

Essentially, any loans you have you will pay interest on, which gives the lender extra incentive for loaning the money in the first place.

The trick with paying off debt at a faster pace than your loan term lies in the fact that any extra you pay goes directly toward the loan balance and not to interest.

Thus, making extra payments lowers your overall balance, which lowers the interest paid, which lowers the total amount you will pay to the lender.

Depending on the size of the loan and how much extra you put toward it, the impact on the total you pay can be quite astounding.

For instance, making extra payments on a mortgage could save you upwards of $30,000 in interest and several years on the life of the loan!

Not only does paying down your debt help you to save on interest and shorten the life of the loan, having less debt helps you maintain financial flexibility.

Say your car dies and you need another one, or you get in an accident (heaven forbid) and have medical bills. What if you get laid off or get sick and need to miss work?

If your debt to income ratio is maxed out you’ll be hard-pressed to get more credit no matter how great your credit score is or how much you make.

This is why it’s so important to focus on paying down any debt you do have as fast as possible and to try and keep it paid down. Not only will you be saving on interest and getting out from under loans faster, you’ll be able to handle any unknowns that may come up that could require you to accrue more debt.

Long story short, if you increase your income one of the first things you should do with that money is to pay down your debt.

To continue reading, please go to the original article at

https://www.moneysavedmoneyearned.com/2-things-you-should-do-and-1-you-shouldnt-when-you-increase-your-income/

What Is Your Lifestyle After The RV?

What Is Your Lifestyle After The RV?

By Muhammad Ali

I have been getting many questions about investing after RV and creating a steady stream of income so that you can have a work free lifestyle.

So I made this post for you all to think wisely and have the opportunity to top up your currency as required before the RV.

After the RV, the perfect scenario is: we do not want to work.  We want to have our money work for us.

So we need to invest our money into places that will not run away with our money nor be shut down by corrupt/greedy CEO.  No more money games!!!!

So the best and safest avenue will be thru the banks.

Just last week, I met with the manager of BIMB investments a subsidiary of a local bank in Malaysia, we met at my house.  We had a 3 hour discussion of the BIMB investment program; this was our second meeting actually.

And I really like their programs and their results.  This program is open to Singaporeans and foreigners from any country.

Their present returns have been around 11% per annum.  This is very good.

So I want you to think carefully about this and ask yourselves this question.

 How much do I need to lock-in, in order to generate a monthly/yearly income that I can live off of comfortably?

So for everyone, that answer will be different.  Some will want to live like a King while others a few thousand a month will contend you.

Ok let's put some numbers down on paper then you can see.

Let's say, for example, we want to live a millionaire’s lifestyle, this means we need at least $1,000,000 per year to live on.    We can pay all of our expenses, we can travel anywhere we want, we can buy anything we want and we can live very comfortably. (Large house, which includes maid, gardener, personal driver etc.)

So how much do we need to invest with the bank to generate $1 million per year?

So let's say we can get 10% return, we will need $10,000,000 invested.

Now what this means is:

We will actually need more than $10 million from our currency exchange after the RV.

$6,000,000 to open a private bank account

$3,000,000 to buy a new 10 bedroom house with renovations, new car and clothes.

$1,000,000 to pay off all current debts and pay to our charities.

 (These amounts may be overestimated - depends on each person's debt capacity)

 And then $10,000,000 for investing.

So that means we would need at least $20,000,000 after RV.

Now, no bank can guarantee a yearly return of 10% it would all depend on the markets.  So you may need to have multiple investment accounts with various banks to generate your 10% per year.

 So for example, let's say you had a principal amount of;

 $10,000,000 invested at BIMB giving you a yearly average of 5%

$10,000,000 invested at HSBC giving you a yearly average of 5%

If the banks made more money for you, then bonus!

 Total is 10% giving you, your $1,000,000 per year profit to live off this money, roughly about $83,000 per month.

So this also means you never touch your principal and you have money flowing in every month.

And if you think you'll need more than $1,000,000 a year, then you'll need to invest higher amounts.

If you want to live a simpler lifestyle, then you will invest smaller amounts.

What is important to note, is that this kind of investing will give you a work free lifestyle.

Is it making sense?

Another option is this can also be done by investing in a business or restaurant.  But remember when you operate a business, you need to monitor it, you will have expenses, overhead, employees, a lot of the head aces that comes with running a business.

So if that is what you want then by all means you can work towards it.  Work is the keyword.  You will not have a work free lifestyle.

Ideally if you want that kind of working lifestyle and if you have enough currency after RV, then you may want to consider doing both, investing with the banks and to open a business.

This way if the business is down, you still have money coming in from your banking investments.

YOUR PRIORITY IS TO FIND A WAY TO HAVE MONEY FLOWING IN, THIS IS WHAT YOU HAVE TO THINK VERY, VERY CAREFULLY, RIGHT NOW.

If money is always flowing out and you have no money flowing in, then sooner or later the money will finish and then you will find yourselves with no money and you’re out looking for a job.

 So it's very important you plan from now and have good money management.

The above examples that I made are based on 1 particular lifestyle, you can adjust the lifestyle as you require and therefore adjust the investing amounts.  It's all up to you.

 I know exactly what I want and I have bought enough currency for the lifestyle that I choose.

 By now, you all know the estimated rates for IQD, Rial and Zim.  Calculate how much your estimated net worth will be.

 Use my currency exchange planner spread sheet and it will help you calculate your Net Worth very easily.

Once you see the numbers then you will know whether you have enough currency to maintain that lifestyle.

And if you don't have enough currency then find money and top up while you still can.

You will never have this opportunity again, for some of you, you have been buying currency.

For some of you, you are holding 4 or 5 notes.

Think wisely and make sure you have enough currency to create a work free lifestyle.

My Currency Exchange Planner has an Investment tab that you can enter in 3 investment risk types.  High Risk, Medium Risk and Low/No Risk investments.  You can put in estimated amounts and percentages and see how much income you can generate per year and per month.  This is the first step to your planning a steady income stream.

Once you know your lifestyle then you know what amount of income that you need to generate every month.

Now, regardless of your lifestyle, we want to try and target 10% profit per annum (year) from your investments.

Maybe you'll be lucky and get higher than this, like 15%-20%.  Consider this a bonus or maybe you'll even get lower than 10%.

But 10% per annum is our target.  Now we have think, how will we achieve this?

Some investments will lose money and some will do better than others.  This is where you need an investment plan B.

So just this line alone tells you not to put all your eggs (investments) into one basket (one bank).

You need to diversity.

Here is my personal investment strategy after RV.  I hope you pay close attention.

I will put my money in several avenues to give me several types of yield.

1. High risk investments

2. Medium risk investments

3. No risk investments

4. Agriculture

 For now, I will exclude number 4.

For example, let's say $10,000,000 is my investment allocated amount.              

My target is 10% per year so this gives me $1,000,000 per year divide by 12 months = $83,000 per month to cover my expenses.

So now going back to 1, 2 and 3.

You need to determine how to classify the investment as high risk, medium risk and no risk.  Now, how much of the $10 million i will divide into no. 1, no. 2 and no. 3? This question requires a lot of careful thought.

If you can afford to invest $10 million it means you have at least another $10 million in your bank account so you should also consider compounding the profits over 4 to 5 years before taking any profits.  Let the money grow first, then starting the 6th year, start taking out your monthly profits.

For the first 1-5 years, control your spending and money out flow as you won't have money flowing in right away so you need to control the spending.

There are many articles available on compounding just do a search in Google and you’ll quickly be able to see the power of compounding.

So i hope my article helps you to plan your investments.

Any questions please send me an email to currencyexchangeplanner@gmail.com

I am the creator of the currency exchange planner, an excel spread sheet, which is the most advanced and affordable planning tool for the dinar community.

Try the free download version to test run or buy the full version for a one-time low price of $25.  This includes free updates in the future.

My website is www.currencyexchangeplanner.com

Thank you so much,  Muhammad Ali

https://www.currencyexchangeplanner.com/article-4

8 Insights Only the Self-Made Super Wealthy Understand

From the Dinar Recaps Archives originally posted on 6/3/2019

Billionaire Ken Fisher Shares 8 Insights Only the Self-Made Super Wealthy Understand

Wonder what it's really like to strike it rich? Billionaire Ken Fisher explains the perspectives of the self-made wealthy.

BY KEVIN DAUM Inc. 500 entrepreneur and best-selling author@KevinJDaum

Not all entrepreneurs are in it for the money, but gaining wealth is certainly among the top motivators for company building. Not surprisingly, having great wealth brings it's own unique responsibilities and circumstances that few get to experience first hand.

I recently had the privilege of interviewing billionaire Ken Fisher, founder, chairman, and CEO of Fisher Investments, best-selling author, Forbes magazine columnist, and No. 225 on the Forbes 400.

Fisher provided a candid, no-holds-barred look at the perspective of the self-made super wealthy.

Here are his insights.

1. It isn't pursuit of wealth, but pursuit of passion that creates wealth.

Focusing on money won't likely get you to the Forbes list like Fisher. He aptly states: "Most people don't get super wealthy by accumulating money. They get super wealthy by following some dream they are passionate about, whether its starting and running a business, or being a rock star musician or a visual entertainer."

He points out that most of the super wealthy overshoot their personal goals, and yet they are still driven by their passion. The super wealthy know that if you pursue your passion, the money will come.

2. After a certain monetary threshold, the desire isn't for more wealth, but more time.

There is very little that the super wealthy cannot buy. As the wealth keeps accumulating, spending becomes less of a joy or ambition. "After a certain point," Fisher explains, "there isn't much more you can think of that you want."

What becomes more desirable is time to enjoy life. "The vacation homes, cars, boats, and wardrobes are just more stuff to deal with." Fisher observes. "All that stuff clutters your time usage, so at a certain point, the wealthier you get the more you covet time."

3. Everyone you've known forever (except your spouse) will think you've changed.

There is a common belief that wealth changes everyone, and not always for the better. Fisher says, "Only you will know that you haven't changed; that passionate drive to follow dreams does not change."

Fisher explains it this way: "Everyone's perceptions of change are as though they are seeing the clock at a few different hour points in your evolution, as opposed to seeing it as a continuous sweeping minute hand that doesn't change."

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

https://www.inc.com/kevin-daum/billionaire-ken-fisher-shares-8-insights-only-the-super-wealthy-understand.html?cid=sf01002

How To Move Money After The RV

How To Move Money After The RV

By Muhammad Ali

This article I wrote for my group here in Malaysia.  Most of the information pertains to Malaysians and Singaporeans, however, the general concept of moving money can apply to anyone, anywhere.

For some of you, after the RV, you will have hundreds of millions of RM (Ringgit Malaysia) or Dollars and for security reasons you may want to park your funds in several banks in several countries.

For example, you may have an account in Malaysia, Singapore and Brunei, as well as have an IBC (International Business Center) in Labuan.

As the English express goes, don't put all your eggs in one basket.

Diversification of your money in other countries or in other currencies (as in multi-currency accounts) may be a very good thing to do.

If you kept all of your money in Malaysia Ringgit and the Ringgit takes a dive and drops considerably in value, this may affect your net worth.  So having money in Canadian Dollars, Australian Dollar, Singapore Dollar etc., might be a wise thing to do.

I will particularly focus on those living in Malaysia and Singapore.

As it is today, banks from one country to another do not share account details with each other, unless you are an American citizen or you have committed a crime.

So what this means, if you are in Malaysia, and you park some funds in Singapore, your Singapore bank will not reveal nor inform Malaysia.

So that's the first thing as to why we want to put money in other countries.

Now if you have an account in Singapore and you want to move money to Malaysia or Canada or any other country.  Here are several ways you can do so.

1. Bank to bank transfer.  From your account in Singapore, you can transfer to any bank account in any country.

2. When you open your account in Singapore you will receive a debit/ATM card, in which you can withdraw funds from any ATM in any country of the world.

3. You can use the money changers to move money across the border.  Let's say you have money in Singapore and you want to move $250,000 SGD to Malaysia.  Go to a money changer with the cash or transfer to their bank account and tell them you want to pick up the money in Malaysia. 

The money changer will give you a pick up code and the location in Malaysia to pick up the money.  So then you travel across the border hassle free and then you can pick up the money in Malaysia.

 4. You can take out large sums of money from Singapore ATMs and then just drive over the border with the cash in your pockets but do not travel over via any public transport methods for example, bus, train, flight as the money will be detected thru travel scanners.

Ok, why am I sharing this information, as I said, for some of you, you will have hundred's of millions of RM or SGD after RV.  You will be considered ultra-high-network individuals.   You need to understand and keep all your options open and make it part of your exchange plan.

 Taking money across the border is usually limited to about $10,000 USD for most countries.  Singapore it is $20,000 SGD.  If you are searched and found with money above this amount you will be charged and/or fined for not declaring the amount you have brought over the legal amount.

Why do we not want to declare?  When we have nothing to hide?  That is the question.  The reason why we don't want to declare is because at the checkpoint or border they will make you fill in a form with all of your personal details, name, passport number, home address etc. 

This information will be put into a computer system and printed paper versions left in the immigration systems and office with public access to your personal details by immigration officers.

So this is why, if we want to move money, we do it without declaring via the above methods.

Now let's say it's already RV and you want to take you 100 notes bundle of Iranian Rials (10 million Rials) over to Singapore to exchange at HSBC Singapore.  

But you are scared to travel with that large amount of money.    Or for some of you guys who are overseas and I am holding your currency and you want to come to Malaysia and then bring your currency back to your country to exchange.

Now this becomes difficult because the value of the Rial now has increased and way above the $10,000 limit to fly back with.

There is another solution to this problem.  You would take your currency to a local bank (in Malaysia) and ask to exchange the currency to SKR.  (Safe Keeping Receipts)    the bank will exchange the currency at the current rate but not deposit the money into your account but will give an SKR for the amount.

Now you can travel safely with the SKR, these are just paper receipts and non-trackable at the airports or border crossings.

When you arrive to your home country you take the SKR to your bank, and they will convert it to your local currency and deposit to your account.

So this is how you can move your Dinar, Rial or Zim after the RV, without any worries at the border.

I hope my article brings awareness and helps you to if you plan on moving money across borders.

Any questions please send me an email to currencyexchangeplanner@gmail.com

 I am the creator of the Currency Exchange Planner, an excel spread sheet, which is the most advanced and affordable planning tool for the Dinar Community.

Try the FREE Download version to test run or BUY the full version for a One-Time low price of $25.  This includes free updates in the future.

My website is www.CurrencyExchangePlanner.com

Thank you so much,  Muhammad Ali

https://www.currencyexchangeplanner.com/article-5-how-to-move-money

Finding a Financial Advisor or Planner

From the Recaps Archives, originally posted on 6/3/2019

Finding a Financial Advisor or Planner
By Troy Segal Updated Jun 3, 2019

If it's ever occurred to you how complex and vital 'getting it right' is when it comes to saving, investing, maximizing the value of your wealth and planning for a safe, comfortable retirement, you've probably asked yourself if you should employ a financial planner or advisor.

Similarly, if you've felt the pressure of deciding on a big investment, such as a home or education—or felt overwhelmed with the financial details after a wedding, the birth of a child, divorce, death of a spouse, or major illness—you've probably wondered about finding someone to advise you.

Services of Advisors and Planners

According to a 2019 CNBC and Acorns Invest survey, over a third of Americans don't have a good understanding of what a financial advisor actually does. That figure balloons to 46% for Millennials.

So what kind of services do financial advisors and planners provide? Broadly, they can help you manage your financial life using a variety of strategies and products to both manage your wealth and improve your financial habits.

Types of Financial Advice

Not all financial advisors are the same. Some specialize in certain practice areas, types of clients, income levels, investment strategies, and products. Some work with clients all over the country, while others focus on clients in their town.

Some can help you with your taxes, insurance needs, or estate planning and others will focus on retirement planning. There are advisors for the younger client and some specialize on retirees. You can find a planner to help with life stages planning, estate distribution strategies, and business planning.

From managing every aspect of your personal or business financial life to simply suggesting directions, there are specialized professionals available to help.

Reasons to Seek Financial Advice

You may need an advisor for many reasons. For example, perhaps you just received a considerable sum of money from a relative who died or a windfall from the state lottery. As a person goes through different stages in life, their need for a financial professional will change.

erhaps you just had a baby and want to ensure their future in case the worst happens. Many parents seek help for college savings for children and setting up estates that can convey wealth to future generations.

The approach to investing at or during retirement is different than that of a young worker. As you near retirement your risk tolerance level will change, and your style of investing should change as well. Perhaps your company is offering a too-good-to-resist early-retirement package, and you want to make sure the money lasts.

Any of these events (and many others) could naturally trigger the desire for some professional help in managing your financial affairs.

To continue reading, please go to the original article here:
https://www.investopedia.com/updates/find-financial-advisor-planner/