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When you consider the avenues for achieving personal wealth or financial independence, it’s rare that a few million dollars are just going to drop in your lap. Even if it does, it can “poof” slip through your hands if you aren’t careful. Money success rewards those who prepare and expect it. But [...]
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When Bernie Madoff went down it was learned that
Harry Markopolos had been tailing Madoff for years, since 2001. Markopolos when asked investigate Madoff said it took him about 15 minutes to realize Madoff was a complete scam.
Markopolos brought the SEC Madoff on a silver platter. Their response? This is too much information to look [...]
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One of the most popular investment vehicles to gain traction in our electronic world over the past decade has been foreign exchange trading. The Internet has been the enabler, and countless forex brokers have come forward to give you access, train you, and unleash you onto the world’s largest market. Estimated at over $2.5 trillion [...]
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ShareAt all times be aware of who is handling your money. Remember no one will ever be more concerned about your money than you are. You’ve worked for it, now protect it. Never assume your money is “safe” As Bernie Madoff reminded us, things aren’t always as they appear on the surface. Ask questions, kick [...]
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ShareHere is a list of what I am reading and listening to this weekend.
The Housing Market – Mark Hanson Interview on King World News
“Mark Hanson is Founder and Managing Director of MHanson Advisors a 20 year veteran of the mortgage industry. Mark consults for investment funds and he has appeared on CNBC, Fox Business, Bloomberg, [...]
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ShareIt’s human nature to avoid things we don’t understand. Then, there are those things we can’t avoid in life like the ending of a relationship, public speaking or learning how to use a computer. As the article below shows, people will go to great lengths to avoid these things, when inevitably, they need to be [...]
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ShareIt’s pretty simple with housing…Remember Econ 101, Supply and Demand? Well, housing prices decline until people create more demand than immediate supply (foreclosures).
House Prices Still Have Another 10%-20% To Fall, Says Gary Shilling
Posted Jun 16, 2010 11:30am EDT by Henry Blodget
A year ago, house prices finally stopped collapsing after two years of brutal declines. Over [...]
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ShareI mentioned this would happen sooner rather than later. This shouldn’t come as any big surprise. Watch the money.
NEW YORK (CNNMoney.com) — Foreign governments have been getting in on the recent gold rush, driven by continued fears about Europe’s debt crisis and the pace of the global economic recovery.
Those concerns have been propelling the [...]
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ShareAccording to the article below, US Home Foreclosures for residential real estate reached a record for the 2nd consecutive month in May. This is “big news” in the sense that we’ve been told that the economy has turned the corner. Why is this?
The mainstream media typically applies “Management of Perspective Economics” while certain economic laws [...]
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ShareHere is a list of the articles from other blogs I am reading this weekend. I hope you have a great weekend.
The Frugal Challenge – If you’re looking for a great way to get yourself going saving money, check out this article on Early Retirement Extreme.
Strength In Numbers With Goal Setting – another great [...]
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I’ve always been impressed with the success of the legendary UCLA basketball coach John Wooden. For those not familiar, John Wooden was the head coach of the UCLA men’s basketball team from 1948 to 1975. The John Wooden era is unrivaled in terms of national championships. Wooden won 10 national championships in 12 seasons.
After [...]
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ShareThe following article appeared in Bloomberg on June 4th. You can not cure a problem that was brought on by too much debt by spending more. This is not a political statement but simply an economic reality. If you were a home buyer making $50,000 per year and you’re in foreclosure and headed into bankruptcy, [...]
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ShareThis week I decided that I would subject myself to another 3 months of torture when I started “Day 1” of my third round with P90x. For those of you not familiar, P90x is a complete fitness program designed around various workout regimens and an eating program. The goal is nothing short of total fitness [...]
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Spend More Now, Save Later Says US To The Rest of The World
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The big debate now in the U.S. and Europe is whether to reign in spending to cut deficits versus continuing to spend heavily to promote economic growth. At some point the economy reaches an amount of debt where each marginal increase of debt has less and less of an effect on GDP. When this is [...]
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