Once in every 2-3 generations an opportunity presents itself that enables those prepared for it to become wealthy beyond their wildest dreams. Generational wealth…the kind that passes on to your children and their children…and on and on. The events that began to transpire in late 2008 represent this once in a lifetime opportunity, and those [...]
Kip Herriage, Are You Serious About Building Great Wealth?
Of the thousands upon thousands of books that have been written on the subject of achieving financial freedom and building lasting wealth (and I have read more than my fair share of them), maybe 10% are actually written by those that have been there, done that. We’ve all read the quote, “Those that can, do….and [...]
A Tax on Unearned Income – For the First Time in History
A little known provision was slipped in among many other below-the-radar changes with the so-called “healthcare reform” bill. It’s called taxing unearned income. Let me illustrate: So let’s say you are one of the 51% of Americans who pay income tax. You also still have a house to pay property taxes. And of course you [...]
The New Retirement – Investment Planning
Seemingly overnight, the long-held vision of retirement as a time for total relaxation has evaporated. Unless you’re already retired or one of the few truly ultra-wealthy that can survive solely on your investments, the old view of retirement is dead. But something has sprung up in its place. It’s the new retirement—you still need an [...]
7 Lessons from the Great Recession
Maybe I’m an eternal optimist. Yeah, right. I am a glass-is-half-full person if there ever was one. Show me a situation, I’ll show you what’s wrong with it – since childhood. But even I have to admit that there is always something good to come from something bad. And the Great Recession is no different. [...]
It’s About Jobs, Stupid – Unemployment Rate
October 2009. Unemployment rate hits double digits – for the first time in 25 years. And that’s just the official rate. If you count the underemployed – those not to mention those who just plain gave up – you are up to an estimated 17%. Now, for 3 months ending in March 2010, the unemployment [...]
Don’t Worry About the Bank – Worry About the Dollar
It used to be a shocking and rare occurrence. But now bank failures are all too common. Just about everyone knows of – or has been affected – by one. And it’s easy to see why. Already, we’ve had 54 bank failures so far this year… on top of 140 last year. That’s more than [...]
Overheard Thoughts