Eurekonomics Or A Steady Diet of Financial Misinformation..You Choose
During the last half of the 20th century and the first decade of the new century there have been hundreds - perhaps thousands - of the latest and greatest diet books, diet infomercials, diet clubs, diets that are delivered to your door, diets you can pick up at the store, even urban legends about cabbage [...] Read Full Story
Eurekonomics – How Whole Life Insurance Can Save Social Security
Preamble… There are hundreds - perhaps thousands - of legitimate uses for participating (par) whole life insurance. Thoughtful and creative insurance and financial guides recognize par whole life as the most powerful, flexible, and versatile financial tool in the US economy.  These enlightened guides use par whole life for applications as simple as fulfilling basic family needs, [...] Read Full Story
Personal Econoics 101 - Grow Rich Without Risk, Create Wealth Without Worry
Mystery…No. 5 Volume Is More Important Than Rate Every major product in the financial services business - every type of mutual fund, annuity, variable insurance product, bank CD, treasury bill, note and bond - proudly trumpets its rates. If 2% is good then 5% is better. If 6% compounded is wonderful then 8% compounded is marvelous. The [...] Read Full Story
Personal Econoics 101 - Grow Rich Without Risk, Create Wealth Without Worry
Mystery…No. 2 You Know Best What’s Right for You The Debt Paradigm preaches that you cannot fully comprehend your own personal economy. It implies that the professionals who subscribe to the Debt Paradigm are in some way wiser, more knowledgeable about your situation, better informed about your needs, and perhaps even cuter than you. BUNK! You do not [...] Read Full Story
Personal Econoics 101 - Grow Rich Without Risk, Create Wealth Without Worry
Mystery…No. 2 You Know Best What’s Right for You The Debt Paradigm preaches that you cannot fully comprehend your own personal economy. It implies that the professionals who subscribe to the Debt Paradigm are in some way wiser, more knowledgeable about your situation, better informed about your needs, and perhaps even cuter than you. BUNK! You do not [...] Read Full Story
Personal Econoics 101 - Grow Rich Without Risk, Create Wealth Without Worry
The Seven Mysteries - aka Wealth Builders Moving from Bad Habits to Good Practices Prologue The difference between a habit and a practice is awareness. If a habit relies on thoughtless performance, a practice relies on thoughtful performance.  The behavior can be the same, e.g., locking the doors at night.  Awareness makes the difference. Conventional wisdom means that [...] Read Full Story
Personal Econoics 101 - Grow Rich Without Risk, Create Wealth Without Worry
The Seven Mysteries - aka Wealth Builders Moving from Bad Habits to Good Practices Prologue The difference between a habit and a practice is awareness. If a habit relies on thoughtless performance, a practice relies on thoughtful performance.  The behavior can be the same, e.g., locking the doors at night.  Awareness makes the difference. Conventional wisdom means that [...] Read Full Story
Personal Econoics 101 - Grow Rich Without Risk, Create Wealth Without Worry
Myth…No. 6 - My Financial Advisor Knows This may be the biggest myth of all. Some of my best friends and clients are financial planners and advisors. They perform a valuable service, especially those who are specialized and focused on one particular aspect of the market and have an open mind toward the processes that [...] Read Full Story
Personal Econoics 101 - Grow Rich Without Risk, Create Wealth Without Worry
Myth…No. 6 - My Financial Advisor Knows This may be the biggest myth of all. Some of my best friends and clients are financial planners and advisors. They perform a valuable service, especially those who are specialized and focused on one particular aspect of the market and have an open mind toward the processes that [...] Read Full Story
Personal Economics 101 - Grow Rich Without Risk, Create Wealth Without Worry - Cont’d
Myth No. 4 - I Have A Retirement Plan From Work Myth: my company has a pension/profit sharing/401k/other plan that promises me a secure future income. Reality: Enron, MCI, US West/Qwest, Mutual Benefit Life, United Airlines, and many other well known and superficially reputable and stable companies have defaulted on retirement plans in the past and many [...] Read Full Story