“I always leave with less than I had before” The Wrestler, Bruce Springsteen. So I aspire, due to his inspiration to be more giving and more present in my advice to you. I am recommitted to giving you the best wealth building tools possible.
“I am proud to be paying taxes in the United States. The only thing is – I could be just as proud for half the money.” — Arthur Godfrey, entertainer courtesy of IRS.gov
Today is advice day where you get some tips about how to benefit from the current interest rate environment.
In economic terms, the Federal Reserve Bank which decides monetary policy is trying to pull our economy out of a recession and jump start growth. As part of this effort, the low interest rates are designed to promote spending by consumers and corporations. Firms fund growth through expansion and frequently take on debt to finance that growth.
I pepper my financial topics with values, life, and leisure and focus on “wealth in life”, which is not about money. Life is so much broader and richer than amassing dollars (euros, GB pounds etc.). So for today, I’m going to ramble about other things in that make life richer which have little to do with money.
Even if you think you don’t need a good credit score because you aren’t going to buy a house, consider this; landlords and employers check your credit score as well.
Comparable homes to ours in New York City sell for $2,000,000.00 to $3,000,000.00. Our purchase price was nowhere near that amount.
Save and make money with Collaborative Consumption. This new paradigm is shifting the way we consume and creating amazing opportunities.
There are abundant ways to increase your income and net worth. But, while you are pursuing your financial goals, remember to drink in the enjoyment of the wealth and good fortune you already have.
Crashes obviously hurt all investors (and, indeed, even non-investors — the losses suffered in crashes cause economic crises which dramatically diminish economic growth for the entire society in which they occur). But they don’t hurt all investors to the same degree or in the same way.