If the average American has more expenses than income, what are their choices? They can 1) cut expenses, 2) increase income, or 3) both. Unfortunately, Congress doesn’t operate under the same rules. For them the answer is to raise taxes and print more money, which causes inflation. This means two things for you: Your money [...]
Is anyone minding the store at the Federal Reserve? Did you miss this week’s show? Doug Andrew discussed the following topic: On May 8, 2009, Rep. Alan Grayson asked the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went and the trillions of off [...]
Last week, I published an article explaining why IRAs and 401(k)s are proving not to be best for a secure retirement, with many people seeing up to 50 percent in losses on their accounts the last few years. Recovering from losses can be tough when money is left in the market. Realize that when an [...]
Hard Questions and Solid Answers Did you miss this week’s show? Doug Andrew answered the following questions on the show: 1) How do you deal with consumer and credit card debt when you are behind? 2) How do you handle creditors? 3) How do you determine between wants and needs? 4) Should I still be [...]
With investing being more uncertain today because of banks closing, businesses shutting their doors forever, and despicable investors like Bernie Madoff no wonder one of the most asked questions we get is, “How safe is life insurance?” Even insurance giant AIG has given the insurance industry a black eye. Insurance is the backbone of our financial [...]
In my last blog article I talked about the magnitude of the national debt and the $100 trillion of unfunded liability the government has incurred with the Social Security system. The government is short on meeting its current bills and will be significantly short on future promises. The USA is living beyond its means. My [...]
Why have we used insurance instead of traditional “conservative” investments for cash accumulation? Watch this video 60 Minutes produced called the 401(k) Fallout. Need we say more? If you are getting this in email or RSS and can’t see the video, just click on the header to go to the blog to view it.
Where do you put your money and still have it safe during economic downturns?
The economic crisis around us has created a massive tidal wave of wreckage. Among those that have been impacted, the wallets and retirement plans of the American public has been some of the hardest hit. While the major discussion among those following “conservative” advice is “How much have you lost?” or “Should I pull my [...]
The more the government interferes and tries to control the economy the more problems we will have. If you are getting this in e-mail or RSS and can’t see the video, just click on the header to go to the blog to view it.keep looking »