Posts Tagged ‘faster’

More Pay

Posted: September 15, 2018 in Money Matters, Thought for the Day
Tags: , , , , , , ,
"If you want to be paid more or promoted faster, you have to increase the value 
of the work that you do." -Brian Tracy

“Americans feel squeezed because the cost of rent, medical insurance, and tuition – as well as other basic living expenses – is rising much faster than their wages. This creates very real problems for ordinary people.

By every measure – including stagnating wages and rising costs – things have been going downhill for the American middle class since the early 1970s. August 15, 1971, to be exact. This is the date President Nixon killed the last remnants of the gold standard. Since then, the dollar has been a pure fiat currency.

The rejection of sound money is the primary reason why inflation has eaten up wage growth since the early 1970s – and the primary reason why the cost of living has exploded.

Measured in gold, wages in the U.S. have fallen over 84% since 1971…. Priced in gold, the minimum wage has fallen 87% since 1968. Note that the federal minimum hourly wage was $1.60 in 1968. It’s $7.25 today, or 353% higher in dollar terms. But that $7.25 buys 87% less than $1.60 did back in 1968. That’s the story you won’t hear from the mainstream press.

Inflation follows a clear a pattern of corruption:  In a fiat currency system, the government will invariably print an ever-increasing amount of currency. This makes prices and the cost of living rise faster than wages. The average person feels the pain, but doesn’t understand what’s happening. More people support politicians who promise freebies. In order to pay for the ‘freebies,’ the government prints more money. This creates even more inflation, and the cycle repeats.”

-Nick Giambruno

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“Here’s a chart based on research from the Economic Policy Institute that describes the problem. As you can see, productivity in this country grew nearly 250% between 1948 and 2014, but median wages only grew 109%…You’ll also notice that the divergence begins around 1971… the year President Nixon removed the U.S. dollar from gold.

Why? Because paper money doesn’t transmit gains in productivity like real, sound money should.

In short, when the dollar was unlinked from gold, the government was granted the ability to create unlimited amounts of new money. But this money doesn’t flow to everyone equally. It is created in the banks, and then works its way through the financial system before eventually trickling down through the real economy. The result is that asset and consumer prices have risen far faster than wages.” -Justin Brill

“At more than $1.4 trillion in loans outstanding, student loan debt is nearly four times bigger than all the debts of Greece.  And it’s still growing at nearly 20% a year… multiple times faster than the official rate of inflation.  Worse, the government’s own data has showed as much as 30% of this debt – nearly one out of every three loans – isn’t being paid or is already in default….

At more than 1,000 schools – representing about one-quarter of all U.S. colleges and trade schools – more than half of students have already defaulted or failed to pay even one dollar toward these loans within seven years of leaving school.  Across all schools, the data show as many as 40% of borrowers haven’t paid a single dollar toward these loans within seven years.  Looking at just the past three years, this number jumps to more than half – 54% – suggesting this problem is only getting worse, not better.

In other words, according to the government’s own data, at least 40% of this debt – representing more than $500 BILLION that has been packaged up, ‘securitized’, and sold to investors as ‘money good’ – will likely never be paid back at all.” -Porter Stansberry

“The one thing I wish I had known in my 20’s…. EVERYTHING you think is important and meaningful has absolutely no bearing on your future life….   So the only thing I can with full integrity say I wish I had known is: nothing at all matters….  The main skill I got between my 20’s and now is that I bounce back from bad things faster….  Now I bounce back from bad things faster.  It’s freeing.  I go all out every day.  I throw myself into everything.  I cut what doesn’t work and I ignore the rules that keep me from doing what I know is possible.  And when I do everything works better for me.” -James Altucher

“The principle of accelerated failure is this: To develop any complex skill, you must be willing to make mistakes and endure failures. The faster you can make those mistakes and suffer those failures, the quicker you will master the skill.” -Mark Ford

Perhaps you find yourself in a similar situation many Americans find themselves in, overwhelmed with a high level of debt and an increasing frustration on how to eliminate it.  The worst part of the whole situation is that you are most likely sick and tired of trying to overcome it by yourself; mentally drained from thought and worry.

These same irritations were true about my life.  I was simply fatigued from studying my debt, searching for a way out of what seemed to be an insurmountable situation.  Of course, there were various strategies available; experts explaining how to get out of debt.  Through my research, I began to realize the problem with many of these was the unknown.  No one could tell you how much money needed to be applied to different debts, what happens when your income fluctuates, but most importantly how long it would take to be debt free.  To me, the faster the better.

Finally, I came across a service that answered all of these questions and were specific to my financial situation.  It specifically provided the path to not only reduce debt, but build wealth.  A strategic interest-cancellation system, it puts your money to work for you using enhanced calculations.  To date, it has saved me $19,000 with the potential to save another $15,000.  I have been happy with the results.

Save yourself time and heartache.  Give this a look to see if it might be for you.  Click here to fill find out what it can do for you.