Posts Tagged ‘financial’

“The married couple of 20 years is just a step away from financial disaster….

Millions of over-leveraged consumers – who can’t distinguish between a ‘want’ and a ‘need’, refuse to live within their means, require a certain standard of living, and use most of their available credit without knowing when or how they’ll pay it off – are a big credit risk. They live on the edge of default….

Inevitably, irresponsible lending always leads to a bust….  Credit-card debt is growing so fast, it’s even outpacing strong wage growth….

Trouble is brewing… It’s only a matter of time before this recklessness blows up.” -Bill McGilton

Advertisements

“In the final quarter of 2018, U.S. credit-card debt reached $870 billion – outpacing the recession – according to Bloomberg. The U.S. has added 100 million credit cards to its circulation since the financial crisis…there are nearly twice as many credit cards in use as there are adults to use them.” -The Crux

“Even worse than financial ignorance is financial negligence.” -Justin Ford

Leveraged Loans defined:

“…arranged by a syndicate of banks, to companies that are heavily indebted or have weak credit ratings.” -IMF

“…are effectively provided to companies already swimming in debt.” -Nomi Prins

“That was all good and well when interest rates were super low, making it easier for companies to borrow oodles of money,”

“This year, leveraged loan issuance reached an annual rate of $745 billion. That’s nearly the same as the prior record of $762 billion in 2007 before the financial crisis and just a bit less than last year’s record of $788 billion globally.”

Wiped Out

Posted: November 20, 2018 in Money Matters
Tags: , , , , , , ,

“There’s no point in building wealth during good times… only to see it wiped out in a financial crash.” -Chris Lowe

“The earlier you take steps to keep your brain strong, the longer you’ll delay any signs of decline….  One of the best ways to learn and keep your mind sharp is with financial literacy….  When we learn and use financial education, we use different parts of our brains. Learning the material uses regions in the temporal parietal area…. What they found was that the more financially literate a person, the stronger the connections.

Reading is an excellent way to build up our brain strength. It engages several parts of the brain at once, making stronger connections. That, in turn, helps you sharpen your decision-making process.” -Dr. David Eifrig

“Thanks to Google, Facebook, and all the other data-gathering operations being run out of Silicon Valley, children born in the last decade will have no concept of privacy.

These companies will record, monitor, and track every single thing they do online. The word ‘privacy’ will be a meaningless term to them….

These Silicon Valley giants gather mindboggling amounts of highly personal data on their 4 billion combined users.

They then hawk it to advertisers… and even pass it on to the National Security Agency (NSA), via court-approved electronic eavesdropping programs….

Every traditional digital financial transaction you’ve ever made – credit card payments, bank transfers, even ATM withdrawals – has been tracked, stored, and monitored.”

-Chris Lowe