Nov 26 2018

The total market value of Crypto Currencies has fallen by $700+ billion with Bitcoin falling to $3,738 from $20,000 in December.

The crypto currency market is in total free fall.  If you flash back to late last year, there was a FOMO movement regarding crypto currencies pushing the total market value of roughly 2,000 coins to $1 trillion.  First of all, this was clearly unsustainable.  While many aspects of block chain, smart contracts, and crypto currencies are here to stay the previous valuations were clearly a bubble.  Many people got lured into a mania and the collapse of the crypto markets has been astonishing over the past year.  Total crypto currency market value has dropped by $700+ billion.  This value has completely evaporated and it is very clear that there have been players behind the scenes just pumping up values and praying on people that simply went full on FOMO.  Looking at the following charts is breath taking.

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Nov 6 2018

Financial Independence, Retire Early: The FIRE Movement.

I’ve been intrigued by the Financial Independence, Retire Early (FIRE) movement for many years now.  There have been a few camps of thought when it comes to retirement.  (1) You have those that say save very little of your paycheck and put it away in a 401k for 30 or 40 years and then you will have a nice nest egg when you retire.  (2)  You have those that don’t save and work until they die and heavily rely on Social Security – a larger number of Americans than you probably would think. (3)  The wealthy that simply watch their money grow.  (4)  The FIRE crowd that earns well but lives frugally and stashes away a lot of money in order to accelerate their financial independence.  We’ll focus on number four for this article.

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Jul 8 2018

A Record 95.5 Million Americans Not in the Labor Force:  One-third of Working Americans Supports the other two-thirds

While the news headlines seem uniform in their championing of the employment market we have another stat that shows an interesting story.  There are now a record 95.5 million Americans that are not in the labor force.  These are people that for all intents and purposes, are no longer considered part of the employment market.  Now in many cases we have older Americans retiring but there is something bigger going on.  Since 2009 alone we have seen the number of those not in the labor force increase from 80 million to 95.5 million (this is an increase of 19.37 percent).  At the same time, the U.S. population has only increased by 6 percent.  In other words, those not in the labor force are increasing at a much faster rate than your general growth in the population.  We need to look into this a bit further.

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May 28 2018

Subprime credit cards – Credit card delinquencies higher than financial crisis peak at 4,700+ small US Banks.

Americans are trying to keep up the pretense of a middle class lifestyle with credit card debt.  Out of all the debt available, credit card debt is the least helpful in building a viable financial future.  With credit card debt, you are spending future earnings on consumption today.  It would be one thing to pay off your credit card balance in full each month but many Americans are not.  In fact, there is now over $1 trillion in credit card debt outstanding in the United States.  Smaller banks trying to keep up with big banks have found that they need to take greater risk in building out their client base.  So what they have done is gone after lower credit customers.  And it should not come as a surprise that delinquencies are now rising at a dramatic pace.

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Mar 5 2018

Is it possible to pay $0 in taxes on a six-figure income?  Yes it is and here is how you do it.

The tax system is setup to reward those that save.  But half of the country doesn’t have any money saved so that is a tiny problem.  However, if you are willing to put money away you can cut your effective tax rate down to a very low level.  I know this seems absurd but it is possible if you are frugal and careful.  There is no need for offshore accounts or expensive shell companies.  You can do this simply by living below your means.  This is hard in a consumption based economy like our own where everything is setup to encourage you to spend.  In fact, we now have over $1 trillion in credit card debt which means people are spending money they don’t even have today!  So let us get on with the method of how you will pay nearly zero in taxes by utilizing multiple tax shelters.

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