Save Money Make Money Blog - Latest Comments

Re: Having to move home? Here’s some helpful thoughts…

moon815 — Fri, 18 Jun 2010 15:10:43 -0000

I was faced with the prospect of moving back home with my parents last year but luckily a friend came through and let me stay at there place as long as I pay rent and don't make a mess. I had a quite a lot of stuff to move though but those new moving pods were really useful and thankfully not to expensive.

Re: Having to move home? Here’s some helpful thoughts…

Mei Tai Baby Carrier — Thu, 17 Jun 2010 03:13:27 -0000

I see the image of the food and it looks really delicious and affordable. Where can I find this?

Re: Having to move home? Here’s some helpful thoughts…

KeriMaude — Wed, 26 May 2010 04:24:47 -0000

This is a popular phenomenon these days, people moving in with their parents or colleagues. It's cheaper to sustain a house if there are more people living in it. Be sure to use returnable wooden boxes when moving, not cardboard ones, you are greener this way.

Re: Investors uneasy…hmmmm…Ya THINK?!?!

Jason Burack — Mon, 24 May 2010 15:19:36 -0000

Mike,
FDR is one of my least favorite Presidents and no one tried to ruin capitalism and democracy more than he did. He's the Socialist every American socialist, including President Obama, aspires to. However, his quote does have a lot of truth in it. The problem was the US government tried then and is still trying now to "do something" using Keynesian macroeconomics!

The defenders of Keynesian macro, and there are some out there still, do not understand the problems and consequences of a government trying to use it for many decades now to prevent recessions.

What a free market economist or Austrian school economist will tell you is that recessions every few yrs are a good thing. They allow the markets to clear themselves of bad investments and allow the savers and companies looking to grow to buy the good assets of companies going out of business for pennies.

Failure, bankruptcies and recessions are part of capitalism. Everyone cannot succeed for capitalism to work. But, capitalism allows technology and society and a higher standard of living to progress. The problem is we don't have anything close to capitalism and free markets anymore with very few exceptions now. Most of the big corporations lobby Congress and get their losses socialized and their profits privatized.

Entrepreneurship is getting harder every year to achieve because of new laws and regulations. Instead of protecting people, these laws tend to have the opposite effect. The offenders, the big corporations, no longer face challenges by the little guys looking to enter a market. Regulations are costly and create tremendous barriers of entry and reduce competition. Has cigarette taxes and regulations reduced smoking in this country? Nope! All of this excise taxes are just passed along to the consumer. The large cigarette companies still continue to produce quarter after quarter of record profits and now they have basically no competition.

One of the first lessons you learn in Austrian economics, and this is stressed in Henry Hazlitt's book, Economics in One Lesson, is that government interference and regulation into any market will ALWAYS have unintended consequences. Often, these consequences produce results that are the exact opposite of what government intended and will cause severe long term hardship unless the government stops interfering in the market.

If you are an investor, a businessman or an entrepreneur, and you are sitting on a lot of cash and it's denominated only in US Dollars, Euro, Yen or Pounds, you are in trouble!

You need to have cash reserves in creditor nation foreign currencies (which are being devalued/debased/inflated also as well as hold some physical precious metals such as gold and silver to preserve purchasing power. "Cash is king" is no longer true when governments are competitively debasing their currencies as they are now.

In fact, I'd agree with Robert Kiyosaki that "cash is trash." No paper, fiat currency will hold its value for the longer term when politicians and central bankers have a policy to print more of it at will. People do not think of money as a commodity, but it is.

Money is governed by the same laws of supply and demand as pretty much everything else on this planet is. When you oversupply the market with say dollars, you make each dollar already out in circulation worth less and less until one day it becomes worthless... That's why central bankers and politicians hate gold. It keeps most of their games in check because it can limit their spending and money printing. It's no coincidence that every paper, fiat currency backed by nothing has gone to its intrinsic value of ZERO. Governments aren't the ones hurt by this either. Savers, investors and its citizens are. Inflation is government policy pure and simple. It's a tax.

For more on this please checkout my blog at http://www.jasonburack.com and specifically read my Silver Savings Account article at: http://www.jasonburack.com/investing-ideas/silv...

Also, checkout the Wall St for Main St Facebook fanpage!

Re: Phil Town Hits it Big Time with Payback Time

Annette Pieper — Mon, 22 Mar 2010 17:52:39 -0000

Great article and interview. I haven't got the book yet and will soon. I read his last book and did an investing workshop he did in January and he rocked. I am on my way learning his Rule #1 system. I'm Lovin' It!!!

Re: Top 5 Signs You’re in Denial of Debt

BCA — Thu, 18 Mar 2010 15:58:05 -0000

Couldn't agree with you more. We definetely need to get our finances in order and budget our spending accordingly. Thanks for sharing!

Re: Phil Town Hits it Big Time with Payback Time

Darius Askaripour — Wed, 17 Mar 2010 16:45:44 -0000

Incredible article. Very insightful Mike and I always the good content you post. I'm so excited to see what else you have behind the curtain my friend.

- Darius Askaripour
www.100Dealsin100Days.com

Re: Phil Town Hits it Big Time with Payback Time

Kyle Griffith — Wed, 17 Mar 2010 00:32:55 -0000

Excellent job on the interview my friend. How did you land this interview? This looks like a CEO Space connection. Very informative info the people need to know, I glad that you were the man to get the word out on Phil's talking points. Great Job Mike!

Re: Phil Town Hits it Big Time with Payback Time

Jean — Wed, 17 Mar 2010 00:06:39 -0000

Love this post! It reminds me of why my grandfather gave our family the advice he did as far as investing was concerned. He always told us to do our own investing, that we didn't need the middle man. He did very well for himself following his own advice. Investments were his hobby. I made it as far as an initial meeting with someone from Citi Financial, and am glad I never pursued it further. I felt like I was sitting in a room with a high-pressure salesman who was digging through my pockets with a metal detector!

Re: Phil Town Hits it Big Time with Payback Time

Marshall Wayne — Tue, 16 Mar 2010 23:53:46 -0000

That's great that you got to chat with him Michael! I got to see him speak in Minneapolis. He killed it!

Re: Phil Town Hits it Big Time with Payback Time

Cory Shanes — Tue, 16 Mar 2010 23:40:40 -0000

its amazing to me how few people actually understand how to invest money, or read the market, yet insist on doing it.

Re: Phil Town Hits it Big Time with Payback Time

Hugo Ramirez — Tue, 16 Mar 2010 23:30:40 -0000

Great read - Extremely interesting!!! You are a lucky man my friend, getting interviews like this one, I am sure was not easy!

Re: Phil Town Hits it Big Time with Payback Time

Chris Record — Tue, 16 Mar 2010 23:30:26 -0000

Great interview Mike! You are starting to do a great job with this blog, and I will be checking back often to see your progress. Keep rocking out awesome articles like this one :)

Re: How Credit Cards are Crushing Americans

troy — Mon, 08 Mar 2010 00:26:02 -0000

We are screwed left and right and we dont know about it

Re: Top 5 Signs You’re in Denial of Debt

nancyburkebarr — Fri, 05 Mar 2010 03:48:11 -0000

Hi Michael,

You are right on the money! LOL! Really a critical issue and one that affects most people at least on some level. It has inspired me to tighten up and fine tune the finances!

Nancy
"Mentor Mama"

Re: Top 5 Signs You’re in Denial of Debt

Duane Jones — Thu, 04 Mar 2010 08:09:24 -0000

Debt, What debt. Thanks for the post mike. I hope in the future you don't get so personal...JK. You don't even know be but you seem to know so much about me. Maybe you have some other skills you don't know about. Keep up the good work.

Re: 10 Things We’re Learning To Do Without

Paul Klaszus — Wed, 03 Mar 2010 21:24:39 -0000

I fear that although this is what people are doing, it's not going to fix the problem. The economists that say that we have to save in order to make it are not knowledgeable - and they are featured on CNN. Follow the economists that have distinguished themselves as leaders with decades of proven projections, and you will discover what I mean.

The only way we are going to be able to turn this economic catastrophe around is by helping people MAKE more money... not save it.

Do I say one should spend away? no.. but that if you do, you're not contributing to the economic downfall.

If you would like to provide for your family better than yesteryear, saving alone will not cut it in the new economy. You will need to cut yourself loose from the old economy (built on the industrial age) and embrace the new economy (built by a new generation of pioneering entrepreneurs)

Re: Top 5 Signs You’re in Denial of Debt

debbybeachy — Wed, 03 Mar 2010 18:25:53 -0000

Hi Mike
6 years ago my husband and I took a class, called Financial Peace have you heard of it?
It was one of the best things we've ever done for each other. We worked our way OUT of dept, saved for our emergency fund and cut up our credit cards...yes NO credit cards for 6 years not one and yes we do travel (one big thing people ask us).

When the economy was was going to h___ my husband and I slept well! The thing is Greed and Ego takes over, people want the, "pie in the sky" but their bank account says "jello in the sky." We want all the fun things too and we have them...as we can afford to spend the CASH! (-:
Great post more need to read and take it to heart!
Action Is Eloquence!
Debby Beachy

Re: Top 5 Signs You’re in Denial of Debt

debbiestevens — Wed, 03 Mar 2010 12:40:43 -0000

Hi Mike,

Loved what you had to say and also your method of delivering. We've all made those mistakes with debt now we need to be responsible and take care of it. Thanks for the swift kick!

Re: Top 5 Signs You’re in Denial of Debt

Edward Elliott — Wed, 03 Mar 2010 09:25:55 -0000

Thanks Mike for this great post. I can see myself in the items you shared. Some are past trends and others are still active in my current state. I will seek advice and work through the challenges and changes that need to be done so that I can get out of the cycle of debt and live in the live of freedom that we are all created to experience.
Thanks again.
Make it a great day!
God Bless,
-ed

Re: Top 5 Signs You’re in Denial of Debt

dustinbuysse — Mon, 01 Mar 2010 02:13:44 -0000

Another great article loved it bro!

Re: Top 5 Signs You’re in Denial of Debt

nathanlatka1 — Mon, 01 Mar 2010 01:37:44 -0000

What a great read! I am thankful that I don't have to deal with student loans or debt. Being a college entrepreneur has definitely helped me stay out of trouble. I also enjoyed the talk about savings. As a general rule, the money I make from my companies, I reinvest 25% back into the companies, save 50%, and spend 25% on monthly expenses.

Keep up the awesome posts. I am a daily reader =D

Re: Top 5 Signs You’re in Denial of Debt

Marshall Wayne — Mon, 01 Mar 2010 01:30:15 -0000

I sure am glad those days are over. About 6 years ago when my business took off I paid off about $25,000 of school loans, credit cards, and other miscellaneous debt all in one day. I haven't used a credit card since.

I've now forced myself to only buy what I have the cash for. I just don't like having those foolish debts on my head just because I want something now that I can't really afford.

Re: Top Ten Ways to Save?

Judy Zavislak — Wed, 24 Feb 2010 11:44:01 -0000

Hey Mike! That was great! And even some great tips in the comments too! I'm a saver by nature, but we all could stand a little improvement somewhere, right?

Re: Top Ten Ways to Save?

Dustin Buysse — Wed, 24 Feb 2010 00:10:08 -0000

Great information and I will be back awesome info keep it coming Mike!