FinancialDominance.com

I hope you enjoyed the last not-so-serious Onion video. Alright, sit up and get ready for something important. Financial infidelity: The marriage breaker. Secretly overspending from the family coffers can be a deadly to your marriage.

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The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to the ecomy of the United States and why this country is in a lot of trouble financially.

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Ready to quantify how much time you waste/ online ? I hope that question didn’t offend you. Let me rephrase that. Are you ready to quantify your time on the computer ? Then read the following article: 5 Tools to Track How Much Time you Waste while Online

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Oil and gold jump to new records The spot price for gold also briefly hit a record above $1,030 an ounce. Oil also hit $109.00. Some say oil will reach $200.00 in a few years. Are you planning to invest in commodities yet ? I’m still learning how…

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You might enjoy 50 Easy Tips to Lower Your Healthcare Expenses. After all, your health is closely related to your wealth.

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Apparently, if your thinking 10 to 20 years in advance the Chinese Yuan might be a good choice… Pay close attention to Craig Karmin’s response to this question/statement: “How worried should we be about the rise of the Euro, I mean the Dollar look weak agaist the Euro.”


Some replies on Yahoo Answers
“Just buy a mutual fund or ETF that invests in Chinese stocks. You will get the benefit of effectively holding the Yuan. D” . Response from Heavy D

I know an indirect way. Buy a mutual fund that invests in Chinese stocks or buy Chinese stocks or buy them both. A rise in the Yuan will translate into a rise in the comparative value of the stocks when translated into U S dollars. Actually, the Chinese stocks will most likely outperform the U S stocks during the next 5, 10 and 20 years so you will potentially receive a double benefit.
Here are a couple of Chinese stocks traded as ADRs: CHL and ACH
Here are a couple of closed end mutual funds currently selling at whopping discounts to net assets: CHN, TDF. Response from muncie birder

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A guest post by Mark J. Smith. Want to be a guest writer on Financial Dominance ? Contact Marcel

People may fail to properly plan for their retirement needs because they focus exclusively on money. Retirement goals aren’t just financial. Knowing the lifestyle you want during retirement is the beginning of a successful wealth management plan. Do you want to tour in an RV, live in a beach house, or move closer to your children and grandchildren during retirement? By starting at the beginning—writing down and sharing your retirement goals with your financial team—you will ensure a completely customized retirement savings plan.

With a retirement goal set you are now ready to determine funding and should consider the following factors:

• In the past thirty years the average life expectancy increased from 73 years old to nearly 80. (Center for Disease Control) We need to plan for seven more years of life than our grandparents did.
• The U.S. inflation has increased 2.57% in the last seven years. (Inflationdata.com) When you retire the cost of living will be higher and each subsequent year of your retirement will require more money to maintain the same lifestyle.
• You can’t depend on Social Security to sustain you during retirement–even for necessities. We recommend that your Social Security checks be used for things you want in retirement, not things you need.
• Delaying retirement savings could hurt you more than you think. If a 25- year-old saves $4,000 per year for 10 years and has an eight percent annual account interest rate, at age 65 her retirement account will total $640,120. Waiting until she is 35 years old and saving the same amount annually with the same interest rate for 30 years, her account will total $408,534 when she is 65. Waiting 10 years to start saving for retirement causes a loss of over $200,000 in this case, even though she saved for 20 extra years! This hypothetical illustration is not intended to reflect actual performance.
• Mortgage vs. savings – Because of the compounding nature of a liquid investment portfolio as compared to the equity in your home, you may ultimately net more money by increasing your savings first than you would if you chose to pay off your home and save afterward. We typically recommend that your net worth consist of approximately 25% in home equity and 75% in retirement savings. Of course, each person’s situation is different.
• Retirement cash flow is a major concern. Make a list of things you will need in retirement—housing, food, insurance, transportation and healthcare. Then make an additional list of things you want to have in retirement—a second home, entertainment or providing charitable donations. Fund at least some of the things you want, in addition to all of the things you need.

Other factors may contribute to a retirement age, including what investments you have made, the stability of your investments, and the sequence of your investment returns. Please contact a financial advisor if you have questions about your retirement planning.

Mark J. Smith CFP®, CPA/PFS, CIMA®, was named one of the top 10 financial advisors in the U.S. by Registered Rep magazine; named the top-ranked independent advisor in Colorado and number 22 in the U.S. by Barron’s; and the Winner’s Circle, an independent advocacy organization, named him one of the top financial planners in the country. Visit www.mj-smith.com for more information on Mark J. Smith and his Colorado-based firm. Securities offered through Raymond James Financial Services Inc. Member FINRA/SIPC.

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This comment by James Turk caught my attention.

“When you look at a currency crisis, and there have been dozens since the end of the Second World War where currencies have disappeared and been completed destroyed. The people who react last are the people in the country where the currency is being destroyed. It’s a natural thing to have happen because your being paid in the currency, your spending that currency and your think everything is going to be well.”
Take a look at the videos and judge for yourself. Grab a handful of salt since the videos were created by Al Jazeera, but don’t stick your head in the sand.

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Is the US Federal Reserve owned by private bank ? This video claims it’s a commercial entity designed to turn the public into indebted serfs. You might also enjoy our article on “6 Ways to destroy our need for Bank loans.”

Another reason to engage in People to People lending and borrowing

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Did you know that our Banks create money from nothing. Banks can lend more than they actually manage. In the next 20 years, our relationship with banks will change. We have options our grandparents would have only heard of in comic books. Here are some ways we can reduce our dependence on banks.

1. Create a Open Source borrowing and lending website softwre. COST: $200 - $2000

2. Create a Facebook application to facilitate lending and borrowing COST:$200 - $2000

3. Gmail, Yahoo Mail and Hotmail offer borrowing and lending among users. COST: Wishful thinking

4. Create open source borrowing and lending plugins for forum software like VB and PHPBB. COST: $200 - $2000

5. Telecoms giants build borrowing and lending into their mobile services. COST: Wishful thinking.

6. Depending on where you live, start borrowing exclusively from credit unions or online services like Lending Club, Circle Lending, Zopa or Prosper. COST: Little to nothing

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