Let’s focus instead on the lessons most people have forgotten from the last debt crisis. Americans were feeling flush from rising stock market and real estate values, and they were in hock up to their eyeballs.
Ben Simon, a college student at the University of Maryland, founded an organization called the Food Recovery Network that organizes campus dining halls to donate left over food to hungry Americans. Ben noticed how many billions of tons of food are wasted each year by restaurants, caterers and other food providers.
He believes that, especially in this country, we don’t need to produce more food to see that everyone is fed. We simply need to stop wasting the food we have.
And so it is with many of us and our money.
Rather than increasing the speed of our hamster wheel to make more money, most of us would do well to figure out how to waste less.
Too many of us spend on items that give us very little in return: no lasting satisfaction, joy, or value
Do you remember the first time you got naked with your beloved?
Along with the passion of the moment, if you’re like most of us, you were probably a bit self-conscious. After all, for the first time, you may have had had to reveal that paunch you’d been hiding, those patches of cellulite or that outie belly button you’ve hated since the third grade.
But because you overcame those concerns and let yourself get naked – well, I don’t need to remind you what happened next!
The point is, when you allow yourself to get financially naked with your partner, amazing things can happen. You not only have a better understanding of one another, but you’ll also work better as a team to achieve your goals and tackle your problems.
It turns out that being clear and open with each other about financial issues is one of the most positive things you can do to ensure a “happily ever after.”
Couples May Argue About Sex, Kids and In-Laws, but It’s Their Arguments About Money that Best Predict Whether or Not They’re Headed for Divorce Court…
What is “Austrian economics”? Let’s break it down:
Economics: “A social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services.” Ooo-eee! That’s gotta be a page-turner! Thank you, Merriam-Webster.
Austrian economics: “A school of economic thought that is based on methodological individualism.” Gads! But thank you, Wikipedia.
I never studied economics in college. And I’m pretty sure I didn’t take economics in high school either. Or if I did, I slept through it.
But “Austrian Economics” is a phrase you hear from time to time—even if it’s said in code, like what Ron Paul said following the 2012 Iowa presidential primary. “I’m waiting for the day when we can say, ‘We’re all Austrians now!’”
President Reagan’s Secret 702(j) Retirement Plan is yet one more name that the Palm Beach Group has given to the Bank On Yourself method, which relies on a super-charged variation of an asset that’s never had a losing year in it’s 160+ year history.
Here’s a spoiler alert: The 702 J Retirement Plan is not an investment and not technically a retirement plan. It’s a specialized type of high cash value dividend-paying whole life insurance that enjoys tax advantages spelled out in IRS Section 7702 of the US tax code.
It’s a wonderful retirement plan alternative that has none of the volatility and unpredictability of traditional investing strategies.
So why didn’t The Palm Beach Group call it a “7702 J plan” instead of a “702 J plan”?
If you’re like most people I talk to, you’re making several critical mistakes with your retirement accounts.
These mistakes could cost you literally hundreds of thousands of dollars over your lifetime.
But what’s worse is how these retirement plan traps can cost you your family’s well-being, and mean the difference between having to struggle to get by during what should be your golden years … and being able to enjoy life’s luxuries.
With all the economic uncertainties and worldwide turmoil that have been churning the markets, it is vitally important that you know how to avoid these costly retirement plan pitfalls today.
That’s why I’m urging you to join me and our Director of Education, Lee McIntyre, for this special online event. You’ll discover which retirement plan mistakes you are making and how to avoid them.
Space on this online event is limited, and there is no cost to attend.
Here’s What You’ll Discover During This Online Event…