What would be the point of a blog if we didn’t explore an idea that may be slightly controversial? Anyone who reads this blog knows that my quest for financial freedom heavily relies upon disciplined saving and planning for retirement. Like many people, I am using my employer-sponsored retirement plans, IRA’s, and personal savings to build up a fortune that I can one day live off of. All of that is fine and good in theory, but what if everything I just said was ALL WRONG! What if all the money I’m saving will one day be worthless? It sounds crazy, that’s exactly what one famous author is promoting in one of his new books. … [Read more...] about Are We Fools for Saving Our Money?
Aftershock
What Will Be Our Next Economic Bubble?
When it comes investing, very few of us think about “defense” as much as we think about the “offense”. It’s easy to want to put money into something when the value of it goes up and up, but we never think about how it could come back down (and fast!). Sound familiar? Anyone with a mortgage knows this scenario all too well. So as the major indexes begin to perk up, it’s natural to wonder: • What will the next big economic bubble will be? More importantly, how can I avoid the next big bubble and not become a victim? There are a lot of interesting theories and opinions out there. The following are a few recent ones I’ve collected. … [Read more...] about What Will Be Our Next Economic Bubble?
Book Review: “Aftershock: The Next Economy and America’s Future” by Robert B. Reich
No, this isn’t a mistake. I didn’t just publish the same post twice. This summer, I read two separate books titled “Aftershock”. Each one was about our economy and fortunately they were both outstanding! For my review of the other “Aftershock” book by Wiedemer, Wiedemer, and Spitzer, click here. “Aftershock” by Robert Reich was a liberal perspective towards understanding our economic mess, what it could turn into, and how we can solve it. The theme of this book is simple: • Without change, the middle class will not be able to sustain our economy. … [Read more...] about Book Review: “Aftershock: The Next Economy and America’s Future” by Robert B. Reich
Book Review: “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown” by David Wiedemer, Robert A. Wiedemer and Cindy S. Spitzer
Wow. That’s all I can say about this book. Wow. If everything they predict in this book is coming true, we are all in TROUBLE! Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown is a book about economic “bubbles”. In short, a bubble is when the price of something grows out of control beyond its true value. Eventually, the erratic price becomes unsustainable, and the bubble “pops” meaning that it rapidly drops in price. Bubbles are nothing new; they can be found all throughout history. Some examples of recent, prominent economic bubbles include the “dot.com” bubble and the “housing market” bubble which many of us are still suffering. This was very exciting read. It was written in 2009, and some of the events … [Read more...] about Book Review: “Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown” by David Wiedemer, Robert A. Wiedemer and Cindy S. Spitzer
