Part of the deal in reading and understanding Solomon proverbs is that you have to embrace righteousness as a desirable characteristic. If you can’t do that, everything else is simply a waste of time. Righteousness decrees that no matter how enticing a sinner is, no matter how your weak flesh and mind beg you to succumb, you cannot do so, and perhaps nowhere is the concept of sinners and sin more obvious than the financial arena. It seems that all the worst aspects of human nature surface in a boiling brew when money is involved.
Month: January 2011
Remember, A Dollar Is Not Always A Dollar
In case you missed the recent “Predictions for 2011 and Beyond” conference call hosted by Jason Hartman and Empowered Investor Network, one of the primary topics covered was the fatal flaw made by many investors who assume a dollar is always a dollar. This basic economic fallacy can kill your portfolio, and leave you with much less money in your retirement years than you had hoped.
* By the way, you can buy the ebook containing all the information from the conference call at THIS LINK. The $197 price includes a private 30 minute consultation with Jason Hartman.
But back to the dollar. The critical concept to understand is that a dollar today is not worth the same as a dollar one year from today, or even ten years from today. The real value of a dollar, expressed in terms of what you can actually buy with it, continually erodes over time. The reason for this is, of course, inflation, which has been a constant factor in our economy in a major way since President Nixon took the country off the gold standard in the early 1970’s, and granted the Federal Reserve de facto permission to create money out of thin air.
Talking With the Stars…Jason’s Marquee Guests on the Creating Wealth Show
In the last few months, Jason has had some big name guests on the Creating Wealth Show. Some of Jason’s recent guests of note are Pat Buchannan, Robert Kiyosaki, and Catherine Austin Fitts.
Pat Buchannan is well known in the United States as an outspoken conservative voice in favor of limited government, and less globalization. In his Jason’s interview with Pat, they discussed the prospect for large amounts of inflation in the near future. Pat commented that the US debt would be floated away on a sea of inflation. At the Financial Freedom Report, we couldn’t agree more with this sentiment, and advocate that investors defend their financial wellbeing with income producing assets that are financed with fixed-rate debt.
What’s in a Deal? – Pro Forma Analysis of Empowered Investor’s Hottest Properties
One of the greatest services that Empowered Investor offers (for free) is to deliver Pro-Forma analysis of pre-screened real estate deals. These Pro-Forma summaries are constructed using the Property Tracker software suite, and communicate a wealth of useful information about the deal in question. To demonstrate the power of this tool, let’s examine one of the low down payment deals in Atlanta.
5 Everyday Costs You Should Negotiate in 2011
Negotiation absolutely has its place in the world of Bible believers. Think of it like this. Do you trust the secular world to always look out for your best interest when it comes to arriving at an amenable price to both parties? Please, please, tell us you answered that question with a hearty, “No!” The word ‘negotiation’ has come to take on something of a bad reputation over the years, thanks to corporate lawyers, mafia godfathers, and Mexican street vendors.
SS 25 – The Solomon Portfolio with Robert Katz
Jason Hartman talks with Robert (Bob) Katz, author of The Solomon Portfolio. Robert W. Katz has been a partner in a New Orleans-based certified public accounting firm for the last 30 years. His...
Fiscally Fit: A Check Up for Your Financial Fitness
Fiscally Fit: A check-up for your financial fitness
1. What is the best way to avoid future market bubbles?
a. Gold . . . lots and lots of gold
b. A survival bunker isolated on 30 acres in the woods, surrounded by barbed wire
c. By directly controlling universally needed assets
d. By only investing with the ‘good’ fund manager
The Madness of Crowds
If you’ve ever been tempted to follow the crowd when it comes to investing, thus shirking your responsibility to research and understand the asset on your own first, here’s a good bit of advice. Don’t. Crowds normally haven’t a clue about what they’re doing and, by the time they’re drawn like a moth to the flame, there’s nothing left but to get burned. For a lesson in the madness of crowds, let’s turn to 16th and 17th century Holland and the tulip bulb mania. Your eyes do not deceive you – tulip bulbs were the perfect example of an “investment” craze driven by nothing but speculation.
Inflated Egos: Why the News Media is Dead Wrong About Inflation and the Economy
Recent news cycles have been peppered with reports of looming inflation from economists and business leaders, along with the expected denials and excuses from politicians and their propaganda outlets in the news media. Chief among the distortions being advanced is the notion that inflation cannot persist in a down economy.
How Big Government Perpetuates Big Business
In the midst of the recent bailout initiatives and unprecedented expansion of the government bureaucracy, there is a perception by many that the unparalleled expansion of government power is necessary to control “Big Business.” This perception comes from the relentless news stories chronicling the excesses of major corporate executives. The net result of all this propaganda is inevitably to create a swell of envy that compels the listless masses to insist that “somebody do something” to stop this perceived atrocity.