Larry Summers is Worried About the Economy-Should You Be Worried Too? As we approach the mid-point of 2016 there’s abundant conversation about the state of the economy. The optimists look at the low unemployment rate and claim that the country is moving in the right direction. The pessimists focus on the anemic economic growth and stagnating wages. And Larry Summers claims that secular stagnation is upon us. Bonus; Robert Reich Bashes the New Sharing Economy>>> What is Secular Stagnation?
“Henceforth I ask not good fortune. I myself am good fortune.” Walt Whitman Walt Whitman would fit in well with the “simplicity-frugal movement” of today. And the famous Walden Pond, by Thoreau inspired me to appreciate the simplest pleasures in life. Both Whitman and Thoreau’s writing exude self possession, contentment, and the joy of living. This may sound a bit idealistic, but in the last reality, isn’t it really what most of us look for; wealth in life, not just money.
How Billionaires and the Uber-Wealthy Went Under If you think billionaires don’t go broke, think again. Lottery winners, professional athletes, actors, and others with tremendous wealth have lost it all. The interesting thing about money, not matter how much you have, if you spend more than you make or swindle others, at some point you’ll wind up broke.
Guest contributor, Rick Pendykoski Act Now to Enjoy the Tax Benefits of 401k Plans Does you employer offer a 401k plan?
Podcasting is the new radio. Decades ago I searched the radio airwaves for money and investing shows. In the 1990’s in San Diego during my commute to work I found a money show or two. I wished there were more radio shows to listen to. At the time, I was young and hungry for personal finance and investing information. Today, the podcast waves are filled with money, investing, real estate and personal finance shows.
Creator of The Debt Myth-Jackie Beck-Part 1 Welcome to an inside look into some of the most important personal finance luminaries online, Jackie Beck of The Debt Myth. These influential people educate and entertain others about money topics. From authors to podcasters to writers, these money mentors are working to raise the level of financial knowledge and education.
Personal Finance Luminary-Interview with Mike Piper Website publisher, author, and investor, Mike Piper of Oblivious Investor, shares investing and entrepreneurial tips. Learn from Mike Piper’s wise investing wisdom and discipline. He offers a look into how he makes an online career.
Financial Stability Through Mind Power Guest Contributor, Alexandra of Real Simple Finances.com Achieving financial stability and wealth takes dedication, a strong plan, and determination to stay out of debt. Overall, the secret to financial happiness is a strong mind game. With mindful money, you learn to incorporate the principle of mindfulness and being aware to how you handle your finances. Dedication and determination are created when something you are working on means a lot to you; ment…
The Dreaded IRS Tax Audit Letter The thick IRS letter arrived and I assumed it enclosed the tax forms I ordered. I was wrong. The letter contained a list of 5 sources of income that were not included on my 2010 tax return. Total bill due the IRS including penalties and interest, $25,000.00. Panic set in. Ironically, 2010 was the year I was exceptionally familiar with the tax law as I served as a VITA volunteer tax preparer for the IRS. What was going on?
You Can Live Wealthy in Any Economy Whenever I get plagued with an attack of ‘I don’t have enough’ or life’s not treating me well, I fall back on a few simple wealth building tools. We talk a lot about building wealth and how to live wealthy here, but it’s important to remember that life’s a marathon, not a sprint. Further, you can live wealthy regardless of the size of your bank account. Don’t even think about the news, or the dour talking heads on your TV. You are the master of your own des…