Mortals can see and benefit from immortal debt, but mortal and immortal debt follows different rules. We mortals can see immortal debt but we must pay our debt, immortals only need to carry their debt! In fact immortals can seemingly carry debt forward forever. That substantially changes how each can behave and use debt well.
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5 Key Personal Finance Checks, eliminate bad debt, keep only reasonable debt on appreciating assets, 6 month emergency fund, pay yourself 10% of paycheck. Anyone seeking financial security, independence or wanting to control of their future needs to have their financial house in order. Start where you are and set about making sure you are ready to build your future prosperity. The 5 Key Personal Finance Checks serve as a starting point. Right now, today, is the very best time to start.
Financial advisor incompetence exposed in a CBC hidden camera video documents financial advisor incompetence. Show Me The Money ran February 28, 2014, as part of the Marketplace broadcast. Marketplace is a consumer information show broadcast on CBC TV in Canada.
Step 2 Save to Build Wealth – Pay Yourself 1st. Save as much as possible as fast as possible. Get debt under control, then save as much as you can as fast as you can. The one – two punch of debt control and saving gives you the fastest and best way to begin your path to wealth. Beginning is the most important part. Begin today. Just decide that today you start your journey to financial security.
1ST Step to Wealth – Debt Control. Debt control – Your first, critical and most important step to wealth. Without control of debt you and your family have no hope of being wealthy. Learn this and teach your children to begin their path to financial security. Last discussion we touched on the three proven steps to wealth established over many generations by numerous families. Additionally, any self made person wishing to pass on their success must give this knowledge to their children. Today we further examine that 1st step, debt control. Borrowing and debt control – borrow the minimum – pay back as fast as possible
To become an effective investor you must think through your approach to money and matters related to it. The big 8 money matters for investors: money, income, debt, saving, spending, investing,
Equities the 3rd Big Investment Choice. The 3rd big investing choice in the public markets are equities or stocks. This continues the White Top View Series, Investment Choice. Knowing makes investing easy. For best results in equities we need to develop the knowledge and understanding to avoid and manage risks. That enables us to safely position ourselves in favorable situations with the best upside prospects.
EXOTIC ETFs – Caution Aggressive Investing Can Bite! ETFs beyond the basic ones should be be regarded as exotic, sophisticated and only for informed use in special situations. They should only be used by knowledgeable and experienced investors.
Low Costs Can Double Investment Returns. At a minimum lower costs will dramatically accelerate investment returns! This continues our conversation on Exchange Traded Funds, the 2nd of the big 3 investment choices. As noted in our last discussion, the huge net cost difference between ETFs and mutual funds. Switching to ETFs offer most mutual fund holders the potential to more than double their net return!
Change to Accelerate Investment Returns. A comparable ETF with exactly the same holdings as a mutual fund can double the net returns to an investor. Potentially improved returns could be even greater than that! ETFs have a huge cost advantage over mutual funds which makes all the difference. Key point in this comparison: actual net liquidated return. That is money in the investor’s pocket after all costs. Not the progressive annual numbers as reported by some companies that can be close to nonsense. Too often the real cost of owning mutual funds are cleverly and legally obscured.