Tag Archives: financial freedom

Recession? What Recession? It’s Time to Buy a New iPhone!

Unemployment is high, the economy might be about to fall off a cliff, and the government debt is increasing exponentially. But those facts aren’t really that important. What is important is buying the new iPhone!

As I have mentioned in previous posts, one thing that remains constant over time (so far!) is human nature. We are a country of consumers, and nothing short of massive financial chaos à la the Great Depression will change it.

Why are we compelled to spend?

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Weekly Wisdom: Personal Economic Recovery

Depending on what day it is, a scan of the headlines will convince you that an economic recovery is underway, or that a deeper economic decline is on the way.

Job numbers are better reads one headline. Another points out that its Census workers who are making the figure look so bright.

So, what are we to think?

The truth is, we don’t have to wait for the recovery; we can start your own personal economic recovery.

Here are some great pieces of wisdom that will help you start your own economic recovery:

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Who Is Your Boss?

We all tend to think of the boss as the man or woman in the corner office, or cube, who controls our lives for at least eight hours a day. Usually more.

After work, you carry the boss home and spend the remaining hours of the day discussing, kvetching, and bitching about him or her.

For most, this is when the idea of financial freedom becomes so appealing. The line of thinking is: if you have money to escape the job, you’ll have money to escape the boss.

It’s good thinking. But look closely. Who really is your boss?

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Weekly Wisdom: Personal Financial Freedom is Every Step

pic by Tim Green @ Flickr

Thich Nhat Hanh wrote a book called, “Peace Is Every Step.” Basically, each step of the journey is just as important as the destination.

Personal finance and financial freedom is based on the same principle. It’s the little things you do each day that add up, that make the destination possible. Those steps can be small, monetarily speaking–saving a couple bucks on a purchase, adding an automatic investment to your retirement plan, etc.

But, years from now, it will pay off.

This week, I selected some posts and articles that can help you in small ways, at least for now. But my hope is, through determination, consistency, and patience, these small steps will create a worthwhile journey into personal financial freedom.

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Bowl Your Way Out of Unemployment

PBA World Championship

Last Christmas, Tom Smallwood found himself in a position that millions of Americans are now facing.

After years of loyalty and hard work, he was laid off from the General Motors plant. That was bad enough, but the layoffs timing–right before Christmas–was just salt in the wound. He quickly applied for conventional jobs, but never heard back from the companies.

Tom, his wife, and his young daughter faced an uncertain future.

But Tom had a  secret weapon: bowling.

Tom believed he was a good bowler; he even won a few local tournaments. With his wife’s blessing, he tried out for the Pro Bowler’s tour. And made it!

Then he won a major tournament. Tom pocketed $50,000 during a championship match–making more in a single event than he ever earned in a year working at a conventional job.

So, if you’re laid-off, or worried that you will be laid-off, just remember: you can always bowl. At least in the allegorical sense. Maybe you can’t bowl, but, like Tom, you have talents and knowledge that can generate new careers and new sources of income.

You can even follow Tom’s method:

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Weekly Wisdom: Financial Freedom is One Post Away

They say money can’t buy you happiness; but it can put a nice down payment on it.

If there’s one thing I’ve learned this week, it’s that trying to seek true happiness and fulfillment without financial freedom is nearly impossible and is more likely a result of chance, rather than strategy.

Spending and saving, investing, and mental attitude are integral to financial freedom.  Fortunately, we live in times where that information is free, readily accessed, and is almost continually updated and debated.

In this edition of Weekly Wisdom, we’ll pass on links that will help you on your way to financial freedom.

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Weekly Wisdom: The Future Of Financial Freedom

Things aren’t the same. And things will never be the same.

If anyone noticed how a default in Dubai can cause the yen to crash and the dollar to fall and lead to a international stock market swoon, you can get the idea that the economy is not the slow, deliberative market that it used to be.

It’s fast. As fast as the speed of light, or, at least as fast as CNBC, Fox Business, and the internet can report it.

That can be scary. But it can mean that the future economy will be vibrant and full of opportunities, as well as dangers.

The speed of macro-economic fluctuations also changes our future personal financial picture, a financial picture that will be equally elastic and equally dynamic.

Here are some links to great posts and stories that may influence your future financial freedom.

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Three Assets You Must Protect During A Recession

protectionThe sudden collapse of the debt market and it’s catastrophic ricochet into the stock market has a lot of people saying that they “lost everything” in the recession.

Other people have lost their homes and their cars.

Then there are those who lost their jobs.

I was talking to a friend who did the trifecta: He lost his job. He lost his home. And he lost most of his retirement. (He actually lost his girlfriend, too, but his story sounded too much like a country and western song. Plus, I never heard of a “four-fecta” before. Or is it quadfecta?)

You’d guess that after this devastating string of bad luck, he would tell you that he had no more assets. But, that’s not how he looks at things. Despite the heavy loss of material possessions, my friend said his most valuable assets are continuing to produce high returns.

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Weekly Wisdom: How To Be A Rock Star And Other Financial Insights

Personal Financial Freedom doesn’t have to be all about skimping on food and skipping baths (not recommended) to save money. It can be about learning how to be a rock star, or finding resources for passive income. It’s also about getting advice on the future financial picture out there: recovery, recession, depression?

Those are just some of the tidbits of info I found during my scouring of the web to find articles and posts that can help us become financially free.

Here’s this week’s collection:

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I Would Write 500 Posts. And I Would Write 500 More.

In case you don't get the reference: This is The Proclaimers... who wrote (I'm Gonna Be) 500 Miles.

In case you don't get the reference. This is The Proclaimers... who wrote (I'm Gonna Be) 500 Miles.

This is our 500th post.

We originally conceived the idea of our blog to be something beyond the same old acronym-encrusted, buzzword-bloated company blog. You know the:  “We have Product X in beta. We are hoping to improve synergies among R and D and marketing to output a product that meets customer criteria.”

That kind of crap.

We wanted our blog to start a conversation with people while we worked on our Automated Trading systems. And while we’d love to make everyone a client, we don’t care if you eventually decide to become a customer or not.

Because our real mission is to help people become financially free. There’s a lot of ways to get there. But education is the most important. We’d like to create Automated Trading systems that makes everyone rich, but they still can’t make people wealthy. That’s up to the individual.

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