The recent economic changes—and the facts we’ve all witnessed—once again prove that if we don’t make ourselves financially independent, the big players will treat us, our money, and our future like puppets.
Category: Economy
Get Smart With Money: Financial Wisdom from Netflix’s Documentary
Netflix’s documentary “Get Smart With Money” is a timely exploration into the world of personal finance, offering viewers practical advice to manage their money better. Featuring financial experts and real-life case studies, the film breaks down essential financial concepts and provides actionable tips for viewers seeking to improve their financial health. If you haven’t had… Continue reading Get Smart With Money: Financial Wisdom from Netflix’s Documentary
From Bullets to Benefits: What People Could Have If We Didn’t Spend So Much on Defense
The US Army, along with their weapons and power, has protected many defenseless people around the world against brutal invaders. For example, if it weren’t for the US support and participation in World War II, Hitler might have destroyed the world, and we might not exist or be where we currently are today. Who knows… Continue reading From Bullets to Benefits: What People Could Have If We Didn’t Spend So Much on Defense
No One Has to Pay Taxes Anymore, If…
Warren Buffett has always captivated my attention for many reasons. I admire his actions and demeanor, consistently astounded by his wisdom. He is a legend and a hero, both in business and in his personal life and conduct. I have some articles about him on this site that I highly recommend you read:
Financial Leakages: How Much Money Do You Waste?
Beware of little expenses – a small leak will sink a great ship. —Benjamin Franklin Many of my posts (e.g. here) emphasize the importance of having a long-term investment plan that everyone can afford. Despite this emphasis, many people still fail to do so, perhaps because they spend all the money they earn each month.… Continue reading Financial Leakages: How Much Money Do You Waste?
Is Humanity Really Moving Forward or Is It Going Back?
What you see in the video below wouldn’t surprise you if it were related to the Golden Age of Piracy (1650s–1730s). But unfortunately, it is related to now. It has been a while since sea piracy resurfaced. Why? Because many people are hungry while wealth is accumulating in specific, limited areas of the earth. Even… Continue reading Is Humanity Really Moving Forward or Is It Going Back?
Surviving Sky-High Rents: From Tiny NYC Apartments to Life on the Road
Homelessness is not a new issue in our society, but the reality is that the number of homeless individuals is skyrocketing, seemingly with little attention or care from society. Recently, I came across two videos (below) that were particularly jarring. One of them depicts an apartment that resembles more of a coffin than a livable… Continue reading Surviving Sky-High Rents: From Tiny NYC Apartments to Life on the Road
Artificial Intelligence Will Affect 40% of Jobs Around the World, But…
According to the head of the International Monetary Fund (IMF), the integration of artificial intelligence (AI) into various industries is anticipated to have a profound impact, potentially reshaping the landscape of approximately 40% of jobs on a global scale. Recognizing the magnitude of this transformation, there is an urgent call for nations to strategically construct… Continue reading Artificial Intelligence Will Affect 40% of Jobs Around the World, But…
How Inflation Since 1930 Has Lowered USD Purchasing Power
As you know, in 1930, the US government decided to stop backing the USD with gold. Since that time, the USD has been referred to as ‘fiat currency,’ simply paper printed by the government and no longer backed by gold or any valuable tangible asset (explained more here). Before 1930, a one-dollar bill, though also… Continue reading How Inflation Since 1930 Has Lowered USD Purchasing Power
How Much Is the Real Inflation? 7% or 75%?
Real inflation is consistently higher than the official inflation figures announced by governments. In the United States, prices have surged over the past three years. The Federal Reserve has continually raised interest rates in an attempt to curb inflation. However, this strategy appears to be ineffective, as prices continue to rise.
What Are the Money Management Skills?
Money management skills encompass a set of abilities and practices that enable individuals to effectively handle their finances. These skills include budgeting, saving and investing, debt management, setting financial goals, tracking expenses, comparison shopping, financial literacy, risk management, long-term planning, and regular review. Budgeting involves planning and tracking income and expenses, while saving and investing… Continue reading What Are the Money Management Skills?
Fiat Money vs Assets Like Gold and the Pros and Cons
Almost everyone wants to have lots of money, but they still don’t know what money is. Have you ever heard about fiat money or fiat currency? There are some secrets behind this that the banks don’t want you to know. Read the words below carefully.
Have You Ever Been Diagnosed With the Dutch Disease?
Although the Dutch Disease doesn’t create pandemics, it is not a rare disease either. If you look around carefully, you will see that it has already happened in many people and is ongoing in some others. What about you? Have you ever got this fatal disease? What should you do to avoid it, or not… Continue reading Have You Ever Been Diagnosed With the Dutch Disease?
What Are Real Assets? How Can You Get Real Assets and Avoid Fake Ones?
Crypto billionaires lost $110 billion in the past year. While some crooks were saying that bitcoin would reach $100,000 and some of them were saying it would even reach $1 million, the crypto market crashed last year and has never been able to recover so far. Many crypto exchange platforms and MLM schemes stole their… Continue reading What Are Real Assets? How Can You Get Real Assets and Avoid Fake Ones?
The Direction of the Economy and the Responsibility It Has Created for Us
Yesterday, the Federal Reserve increased the interest rate again, from 4.75% to 5.00%. Increasing the interest rate is the fastest and strongest remedy to control and decrease inflation. During the past several months, the United States has been increasing the interest rate constantly to lower the inflation. They have been trying to lower the inflation… Continue reading The Direction of the Economy and the Responsibility It Has Created for Us