![]() | He is the single most successful investor of the 20th century. Time magazine named him one of the most influential people in the world. Warren Buffett is an expert investor and business man. He is called the Oracle of Omaha for his sound business principles and profitable investments. He is ranked by Forbes as the #15 Most Powerful Person in the World in 2016, #3 in the 400 wealthiest persons in America, and the 2nd Richest Person in the US and the World. In his success, he has given a great number of advice, and this is a summary of the top 10 based on this YouTube Video. |
![]() | Precious Metals are always a good [hedge] investment that should be part of a diversified portfolio to pay/barter for goods and services in case of a financial crisis. One of the best reasons for investing in (purchasing) precious metals, instead of conventional monetary vehicles (like IRAs and stock market EFTs), is that they are, usually, not monitored by, or reported to the IRS, unless is it sold for profit after the purchase or purchased in excessive amounts. In a Private Sale, it is up to the seller to voluntarily report a "capital gains" to the IRS. For large amounts sold by a Broker, the IRS could be notified (see previous link). Silver, Copper and Gold (in that order) are the best options because they can be physically held-in-hand as a payment (bartering) source to redeem for cash, products or services. If you buy it, take physical possession of it. Don't give it to some broker to "vault" it for you; there will be fees involved. Consider also Coins VS Bars when purchasing. Bars are less expensive to purchase but will be less flexible if they are needed as payment for goods or services in a financial crisis. |
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Whether or not you believe in a breakdown (crash) of the financial structure as we now know it, having a separate fund for emergencies (some listed below) is a smart financial strategy. An emergency fund is a stash of money set aside to cover the financial surprises life throws our way. These unexpected events can be stressful and costly.
Some reasons to have an Emergency Fund are: Job Loss or loss of pay due to illness or injury Unplanned expenses such as car repair, home repair, appliance replacement, emergency travel Emergency pet care Taxes increase |
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In an attempt to protect children from the "real world", parents often fail to teach important lessons about money and finance. Discussing the topic of responsible money management openly, even at the family dinner table, can help children understand the "whys" and "hows" of budgeting, saving and investing with real-life examples. Soliciting their input can also help communicate and clear up any questions or confusions they may have. It's also one of the best ways to get a child interested in the concept of financial responsibility. Most parents understand the importance of teaching their children about money and finance, but many don’t know how to do so or where to start. To help, here are some links for teaching children the important life concepts of money and financial responsibility.
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Keep an eye on your finances. Others are looking to hack you.
For those who have never had a financial account hack scare, I dare say that they are either very blessed or very ignorant of the activities of their financial accounts (banks, credit cards, investments, retirement, etc.). It is very irresponsible and risky to not monitor financial accounts. Today, more than ever, electronic fraud and hacking is as common as breathing. I have been a victim of credit card fraud and, more recently, debit card fraud. Fortunately, I caught these crimes early because I keep regular tabs on my financial transactions and setup alerts. Unfortunately, no matter what I do, it will NOT keep me from being a victim again. Consider subscribing to a Credit Monitoring service and freezing your credit information with the 3 top credit reporting companies (Trans Union, Equifax and Experian). Never assume that your bank or investment(s) broker(s) are watching your back. Personally check your financial accounts on a frequent basis to spot fraudulent activity, setup automated alerts and act swiftly on anything that looks suspicious. Tips for monitoring your accounts for fraud: [Article 1] [Article 2] [Article 3] [Video 1] [Video 2] Protection From Identity Theft & Breaches |
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If homeowners need to file an insurance claim, they should be able to recall and report all the valuable items they own? If they want to get their money's worth, it's important to have an updated inventory of their home. It's not as difficult as it sounds. Use a smart phone to video the home and contents and do a commentary on what is being viewed. Save to a USB drive or the Cloud for safe keeping.
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Organizing Emergency Preps Online Inventory Forms |
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The concept of "cashless" is either a heated debate, the wave of the future, or a term you’ve never heard of. Governments have a love-hate relationship with cash because it is anonymous money which may represent untaxed earnings. This helps explain why the fix is in to outlaw cash. But anything electronic can be monitored, so anonymity is not likely. Consider investing in the Barter System and hand-held precious metals.
Do governments want to outlaw cash? Be prepared for a war against economic freedom! Get 2 FREE Special Reports that will help you prepare for what's coming next |
![]() | Cryptocurrency has made its mark in a "cashless society". It's a form of digital money that is designed to be secure and, in many cases, anonymous. View these videos for a better description: [Video 1] [Video 2] |
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Where does money come from and Who controls it? What is the Federal Reserve system? How did it come into existence? This video reports that the Federal Reserve was established, and continues to be controlled, by private individuals, not the government who gave the Federal Reserve (banks) sole control of ALL of the nations (our) money and that we the people (and the government) are manipulated by Federal Reserve. Here is a link to the video transcript: https://www.corbettreport.com/federalreserve/comment-page-2/
How to End the Financial Enslavement of Central Banks World Wide: A look a stopping the private banks (including the Federal Reserve) who control the world's money and create debt to keep citizens, and governments, enslaved to them. Suggested video: https://youtu.be/mQUhJTxK5mA |
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Virtually all of the socialism that has any success has run on a foundation of capitalism because capitalism has been the only reliable creator of wealth in history.
Capitalism, in its right-most form, is every man for himself. A capitalist society is set up so that those who work hardest and smartest get more resources - which makes good sense. If you want greater rewards based on your personal accomplishments, capitalism is for you. Socialism discourages work and effort by shifting consequences (positive and negative) onto others and it restricts freedom of the individual. If you are lazy and have no self-esteem, socialism is for you. Read Why Capitalism Works and Socialism Doesn't and https://www.backwoodshome.com/my-view-socialism/">Socialism's promises always end in disaster |