Posts Tagged ‘strategy’

The most important element in your strategy to win the battle for… survival is your own psychology…..

It’s not enough to liquidate your past… mistakes. It’s more important to liquidate counterproductive attitudes, approaches, and methods of dealing with problems. The results that someone gets in life are an indication of how sound his approach toward life is. A sound philosophy of life gives good results. People with chaotic, unproductive, and unhappy lives usually don’t have anyone to blame but themselves.” -Doug Casey

Money Strategy

Posted: January 20, 2016 in Money Matters
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“Money is the byproduct of energy, effort, and strategy.” -James Altucher

One key feature of the private reserve strategy is that one builds a pool of funds from which to finance many purchases in life.  The benefit is the interest paid returns to one’s own pool instead an alternate finance company.

Saving… is deferred consumption.” -Gregory Bresiger

“Saving, ultimately, is consumption.  By setting aside some resources for meeting financial consumption needs, we invest them.” –Detlev S. Schlichter

The private reserve strategy initially provides a build up in savings, but it also produces a higher ability to consume.  By delaying consumption, one not only builds a base of capital for purchases, but saves interest payments to an outside source.  This savings is additional capital to use for various purposes.

More or Less?

Posted: September 27, 2013 in Money Matters
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Timeless truths always seem to be so simple and take few words to explain their meaning.  It is no different with money and how to oversee its use.  “Spend less.  Save more.  There is no better strategy than that.” –Mark Ford

A private reserve strategy is nothing more than creating your own financial system; a holding place for your money that you control and is readily available when needed.

A private reserve strategy is not only the ideal way to finance personal capital purchases, but also fights the damaging effects of the inflationary practices of the commercial lending sector. (see How Privatized Banking Really Works)

“The basic idea of [Private Reserve Strategy] is that the typical American household is flushing away boatloads of money in interest expenses to outside financiers.  If people could become disciplined and save up before making major purchases—so that they were relying on their own accumulated capital rather than what others had saved—they would be able to finally start getting ahead.” –Robert Murphy