No Money Today

THE MONEY MASTERS is a historical documentary that traces the origins of the political power structure. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned "central" bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation has fallen prey to this cabal of international central bankers.

Here is a good documentary called "Money As Debt". It explains the modern banking/debt-money system. It's important to know the history of money and how money is created. As you probably see or read in the news, we are hearing debt crisis and bailouts left and right. This video will provide you the financial education necessary to understand why the world is so messed up right now about debts.

A question I get asked a lot is do they invest for their retirement or pay off debt first? The answer I always give is to pay off your debt first. Here's why, Usually, your debt is high interest debt like credit cards or lines of credit. The interest rates charged on these debts ranges from 5% to 29%. These are guaranteed interest rates. That means no matter what, you know you have to pay those rates. When you invest, you may or may not get a satisfactory rate of return. Meaning, you may make 10% or you may lose 10% or more. If you have a high level of debt, pay off your debt first before you invest for retirement. Once you pay off your debts, you can use that money to catch up on your retirement savings. Alternatively, depending on how much money you make, you may want to start a savings program. This is different from investing, you are only putting aside some money for emergencies and only invested in a savings account. This is so that in the event of an emergency, you

I'm sure you've been hearing a lot of news about Greek default or the problems with the Euro. Add to that the constant talk of possible recession in the US and how the US economy is doing badly. In times of economy uncertainty, you have to hanker down and be careful with your spending. If you need to spend, buy only the essentials and pay in cash. Avoid debts especially high interest short term debts--in short, credit cards. If you're not in debt, you have no creditors to worry about. Pay down all your debts as soon as possible. If you can find a job, find a second job to help pay off everything quickly and have some reserve cash. Be conservative in your investments at this time. It's better for you to earn 1 to 3% than lose 20% in the stock market. It's not time to invest in the stock market now. The time to invest in the stock market is when we are in a bull market. Unless you know how to short sell, avoid stocks for now. This advise is contrary to what you&

A seminar by the author of "Guide to Investing in Gold and Silver" about economics, credit, money and economic bubbles. Very good and simple explanation.

The stock market has been falling for the last couple of days. It has been going down for a while but the downgrade by the S&P500 triggered a panic which sent the stock market crashing. The question is, what are investors supposed to do in this kind of market? Here are some suggestions. If you are investing in a mutual fund and you are investing for retirement. As long as your retirement is over 10 years away, keep invested. It is even better if you invest your money monthly so while the market is going down, you are buying more and more units in the fund. Now is not the time to invest a lump sum into the market unless you feel it's the bottom. Nobody can time the market 100% of the time but it is not a good idea to invest when it is still falling. It will eventually stop, but you have to keep your eyes and ears open to determine if the market is low enough for you to go in big. Markets usually recover, we just don't know when. In the meantime, it may be a good idea

Silly Symphony by Walt Disney, 1935. Story of King Midas where everything he touches turns into gold. What lesson can be learned from this video?

What do you do with your spare change? Do you put them in a jar and leave it there? Do you know how much spare change you have? I used to give my son my spare change of anything under a dollar and when we counted it a few months later. He had over $50 in change. I went to the bank and got some free coin rolls. Yes, it's free, you don't have to buy them. Banks will give you some for free. We packed the coins and put it into his savings account. Image courtesy of Coins of the World Don't just leave your change lying around. Count it and invest it or pay down your debts. It's better than sitting idle in a jar. You may have more money than you think.

One thing I've learned about wealth is that it is a frame of mind. If you feel wealthy, you will eventually attract wealth and become wealthy. One of the best ways to feel wealthy is to actually carry cash. Technology is amazing especially with regards to how we pay and carry money. You can pay your bills by credit card, debit cards, cellphone, pre-paid cards, etc. In some cases, you just tap a card on a terminal and it's paid. We feel that we're always connected to our money that if you ask a majority of people, a lot of them don't carry cash anymore especially young people. You see a wallet full of credit cards but no cash. There's a lot of benefit in carrying actual cash. For one, you can easily keep to your budget since you know that if you have no more cash, there's no more money to spend. It gives you an immediate visual cue as to how wealthy you are. Cash also gives you a psychological feeling of wealth compared to a plastic card. Besides, most pl

The Bible has many lessons regarding wealth. The one I like most is the Parable of Talents. The parable tells of a master who was leaving his home to travel, and before going, entrusted his property to his servants. One servant receives five talents, the second two talents, and the third one talent, according to their respective abilities. I found a video that tells this story very well. Putting the religious lesson aside, the Parable of Talent teaches that one should have respect for money and make money work for you to let it grow. If you give money the respect it deserves, you will be richly rewarded. However, if you are lazy and let your money stagnate or keep it under your mattress, you will have the same amount of money and it will eventually lose it just like Hod, the last servant in the video. Like the master said, if Hod was not willing to risk the money, he should have at least given the money to the bankers so that the master would have earned interest on it. Inste

A lot of people like to get rich quick. But in reality, the majority of millionaires made their money over a long time. The book by Thomas J. Stanley called the Millionaire Next Door exemplifies this very well. The people in his book who retired millionaires are ordinary folks with ordinary jobs and businesses who saved money diligently and invested them wisely. It takes years to build wealth and you build it slowly over time. Be frugal and increase your capacity to earn to amplify your ability to make money and save money. Most financial advisers tell you to avoid debt. There is nothing wrong with debt as long as the debt is not bad debts. Imagine you are training for a race and part of your training have you pulling a 100 lbs sack much like football players do in training. If you are training for the 100 meter dash and you are pulling 100 lbs weights across your back. It will help build your muscle and get your across the finish line faster. That's akin to a trader us

Put your hand in your pockets and pull them out. What did you get? If it's empty, you've come to the right site. Do you feel like you're always running on empty no matter how hard you work? That there's just more days in the month than money? You're not alone. Millions of people feel the same way and it is getting harder and harder to make a living. But take heart, there's always a way to fix that. Some of what you'll read on this blog are money saving tips, investing, budgeting and choosing the right financial or insurance plan and book recommendations to enhance your knowledge and get you on the right track.