Posts Tagged ‘free’

Banks are keeping billions of dollars from Americans…  Right now, according to the Financial Industry Regulatory Authority, about $350 billion is sitting in brokerage accounts earning an average of 0.12%. That’s about $420 million in interest.  But if all those people with that cash just sitting there moved it to an account earning 1%, the interest earning soars to $3.5 billion a year.  That’s like leaving nearly $3.4 billion in free money on the table.  Make your money work for you.  Stop letting these banks steal your interest.” -David Eifrig

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“Getting money without working for it is probably more often a detriment than a boon to civilized behavior….  But Bell [Clive] is completely mistaken if he thinks that free money alone, handed out to the mob, will bring a more enlightened, more literate, and more sophisticated society.  Instead, it will make us poorer in every way – economically and socially.  And culturally.  It will be a disaster.  It’s work, challenges, and struggles that give meaning to our lives, not money.” -Bill Bonner

Future Income

Posted: March 11, 2017 in Money Matters
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“Money saved generates future income.  Income is what sets you free.  And freedom is what truly makes us happy.” –David Eifrig

“Have you quit on yourself?  It’s that time of year when most folks give up on their New Year’s resolutions.  According to a survey from the University of Scranton, after one month, 46% of people have already quit working on their resolutions. 

And among the top resolutions is to start exercising.  I want you to walk.  Walking is easy, free, and just about anyone can do it.  Even better… walking helps you live longer.  A brand-new study from the U.K. showed that substituting 30 minutes of light activity, such as walking, for 30 minutes of screen time, cut risk of early mortality.

If you feel like you’re in a slump or have a problem with the blues, get out and get walking.” -Dr. David Eifrig

Life Choice

Posted: January 22, 2017 in Thought for the Day
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“Are you taking orders from the masters?  Every day, I wake up and choose to stay free.  To work on what I want to work on.  To play when I want to play.  I choose to live the life I always dreamt I would live.  Today you have to choose too.” –James Altucher

“Many Americans – average folks working to build a comfortable life – assume the ‘rich’ have a secret.  It seems they know something about ‘how the world works’ that the rest of us don’t….  It turns out, the wealthy do harbor a secret – three of them, in fact….  And these secrets not only build wealth, they allow you to use it to live the life that you want to live….

You don’t need to be rich, though.  You don’t need to pursue money at all costs.  But having financial stability gives you freedom.  Reducing stress improves your health.  And understanding how to manage your income makes for better relationships with your family and loved ones.

Tenet No. 1: Save Religiously.  Tenet No. 2: Invest for the Long Term.  Tenet No. 3: Obsess About Risk

Only by following all three of these tenets can you successfully set yourself free from living paycheck to paycheck.  If you were to find folks with enough cash to live how they’d want to live, you’d find almost all of them followed these tenets.” -David Eifrig

“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