Does economic freedom have a correlation to overall wealth and quality of life?
The government is looking for any way possible to reduce the huge amount of debt it has racked up. Now there is even talk of tapping into American’s retirement accounts. Something to think about for those planning on starting a government sponsored retirement plan or that currently contribute to one.
This is a great little video that includes how many laws the government makes every year, little girls getting lemonade stands shut down by the police, and people getting arrested for simply running their business.
The 2000’s taught us a lot about Wall Street greed and what happens when traders and banks gamble with the average consumers’ money. After watching this short documentary ask yourself the question: Are you shouldering the risk while someone else gambles with your money in hopes of dreams that are too good to be true?
This is part 1 of a short 7 part series, but it has some really good information about how money has changed over time and how the rules of money are completely different, even from what you may have been taught.
Compound interest is often defined as interest upon interest – meaning that every year you will have an ever-increasing amount of interested credited to your account.
Watch the video to understand why Albert Einstein called compound interest the 8th wonder of the world.
This is a great video by Robert Kiyosaki and the Rich Dad Team about mutual funds. They make some great points as to why mutual funds are one of the poorest places to have money. There is no control, there is no safety, and there is “no insurance.”
This is another example of successful and wealthy individuals who understands the myth of mutual funds.
Best line in the video: “Mutual funds are a great way to make money—if you sell them to others.”
Economist Jerry Robinson and best selling author Barry Dyke discuss the many myths of wall street and what the wealthy individuals in America do to create and maintain the wealth they have created.
We decided to create this video to illustrate the difference between how money actually grows, and what Wall Street Illustrates. We often refer to average rates of return, when actual growth NEVER equals average growth. The average is always less… check it out.
Dr. Jeffrey Miron, Director of Undergraduate Studies in the Department of Economics at Harvard University, discusses 3 common myths about capitalism.
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