by Shanon Brooks Once upon a time and in a land not so far away, there were a people who willingly made personal economic decisions beyond their income capacity. They borrowed money from lenders for cars, clothes, vacations, homes far beyond their ability to maintain payments. They borrowed money to pay for all sorts of luxury items without … [Read more...]
Exposing the Origins of Financial Myths
June 24, 2011 by Leave a Comment
By Garrett Gunderson “A myth is a fixed way of looking at the world which cannot be destroyed because, looked at through the myth, all evidence supports that myth.” —Edward de Bono If, as I claim in my book Killing Sacred Cows, much of what we’re taught about money is false, then why are these myths so prevalent, and where do they … [Read more...]
A New Call for Free Enterprise
June 21, 2011 by 2 Comments
A review of Beyond Capitalism and Socialism, Edited by Tobias J. Lanz By Oliver DeMille The message of this excellent book, Beyond Capitalism and Socialism, is straightforward and timely: both socialism and capitalism are lacking. But the book goes a step further, offering suggestions for what type of economy and society we should adopt in … [Read more...]
How Avoiding the Stock Market Can Make You Rich
June 8, 2011 by Leave a Comment
By Garrett Gunderson Most investors think they should invest their excess cash in the stock market, whether through individual stocks, mutual funds, IRAs, or other vehicles. However, this is almost always a mistake. For the most part they don’t know what they’re doing, they don’t understand what they’re investing in, they have little or no … [Read more...]
Is America Becoming Like Europe?
May 25, 2011 by Leave a Comment
By Oliver DeMille For decades, many elite liberals in America have wanted the United States to become more like Europe. During the Cold War the NATO agreement naturally kept Europe and the U.S. in a cooperative relationship. But after the fall of the Berlin Wall in 1989, an Atlantic divide appeared as U.S. and European Union interests … [Read more...]
The Safest & Quickest Way to Become Debt-Free
May 23, 2011 by Leave a Comment
By Garrett Gunderson Hint: It’s not about your loan interest rates. You want to get out of debt so you can reduce your risk, increase your cash flow, and have greater peace of mind, right? Here’s the fastest and safest way to do it: 1. Roll Non-Deductible Loan Interest into Deductible Loans Assuming you have enough home equity and good … [Read more...]
What Type of Government Does America Have Today?
May 14, 2011 by Leave a Comment
By Oliver DeMille -Free democracies protect the property of all. -Socialist nations protect the property of none. -Monarchies consider all property the estate of the king. -Aristocracies have one set of property and investment laws for the very rich and a different one for the rest.* -Free democracies assess tax money fairly from all … [Read more...]
Balance Sheet Myths That Stifle Your Prosperity
May 6, 2011 by Leave a Comment
By Garrett Gunderson Your financial balance sheet measures the difference between your assets and liabilities to determine whether you’re in debt or if you have equity (net worth). Assets are things that either generate cash flow for you, or that could potentially create cash flow. Liabilities are things that incur expenses, such as a … [Read more...]
7 Financial Mistakes to Avoid In the Next Decade
April 22, 2011 by Leave a Comment
By Garrett Gunderson With the turning of a new decade comes the review of what happened in the last 10 years and the hope of what the next 10 years might bring us. Because of my philosophy of investing in your greatest asset (which is YOU) at all times, I'm going to give you my top 7 mistakes to avoid in the next decade: Mistake 1: Avoid … [Read more...]
Pull Up a Chair
April 15, 2011 by Leave a Comment
By Oliver DeMille The Big Bargain Elites make a bargain with the middle class. This bargain determines how power, influence and wealth will be distributed in society. In each new generation, elites and the middle class review the current bargain and make alterations—sometimes minor and in other generations more drastic. If things get bad for … [Read more...]
