Great savings ideas to beat inflation
The Feds tell us that reducing inflation is harder than running it up so let’s get ready for the long haul. My grocer has not shown signs of reducing their markups in everything. My house-brand can of French cut beans went from 68 cents to 99 cents in one week this spring. As with drugs and other commodities, the middle persons are probably making the extra 31 cents. I don’t think the farmers or pickers got much of the increase. We save by using the house brand for all things. You could move to a cheaper town if you find a job. For car and home insurance, we save by raising our deductible since most risks have a low probability. Some of us save by going directly to the manufacturer to buy our coverage and our needs. Since this is not always the case, you must shop and buy only what you need. The largest potential savings comes from ending credit card debt fast: my card charges 29.99% (mob rates) if I don’t pay the monthly balance on time. One of the largest savings has come to folks who gave up on their broker/advisor and go directly to Vanguard. Vanguard is unique since the firm itself is owned by its own users. It is responsible for the largest savings for many of my readers—saving 1-2% of a portfolio over time is hard to beat. Avoid $10,000 or more EVERY year for an advisor. Some readers pay a one-time fee for planning advice. In order to save a lot, you will need to go through your expenses item by item.
Save for now and later: https://www.amazon.com/Save-3000-every-year-Buy-Only/dp/1500681571
Where did your advisor leave you?
Buffett bought more energy stocks as the market fell this year. If you are a long term investor you can weather the storm. Buffett has been through this all before. What is his answer: buy when stocks are on sale. This makes sense but this is one of the hardest things to do when stock prices fall. World's greatest investor's retirement advice: Avoid “high-fee managers.” Retirement income for life from 2 Vanguard funds he recommends. Warren Buffett's will provides for his family by directing that his cash assets be invested in just two Vanguard funds: One will provide cash for the coming year and the other will provide a sound future. The best way to protect your family's future is to be invested in the stock market. Pure and simple. When you have stock assets, your money compounds at higher rates when your account fees are 0.01-0.05%, not the retail rates of 1.5-3%. You don't have to settle for retail products that are structured to provide the middle person, Wall Street with higher revenues. The average investor earns just 3.79%, not the 10-12% market rates. (QAIB) Don’t be an average advisor funding machine.
Trust Buffett: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Alternatives to high college costs
A trade could pay better and cost less to succeed. An electrician can make $131-215K and work at a brewery. The electrician that came to our home charged $200 just to visit. The Sears-affiliated service tech took us for $750 to fix our washer. My relative is a traveling nurse and gets to see the world free while earning up to $4,900 a week. If you have no intension of running up student loans, fortunately some corporations actually pay for your training too. If a trade is not right for you, what about dealing with people? Many jobs pay very well if you must deal with ornery customers. My first job was electrician helper during the summer and I made more than my father. More companies are giving jobs to robots so time is running out.
Be creative: https://www.amazon.com/Money-Ball-Investing-Winning-unfair/dp/1548831409
Top investments for taxable accounts
We can’t control how the markets behave or the rate of inflation, but we can manage taxes. Your advisor may not consider the taxes you will have to pay when they suggest a strategy or a security. But taxes can substantially reduce your income especially over time. If your current income is under $100,000, you are better off paying tax now and investing in a tax-FREE account. Long-term, your savings can be huge. Investing $250 a month during your working years can provide $1,000,000+ and it can all be tax-FREE. This account can also save you paying income taxes on dividends and interest annually as you would on mutual funds and securities that throw off dividends and interest every year. Further, you do not need to pay taxes on securities with huge capital gains until you want to use the money. Stocks like Buffett’s Berkshire Hathaway pay no dividends so there are no taxes to pay until you sell.
Simple is best: https://www.amazon.com/Keep-Simple-Essential-Financial-Life/dp/1492258849/
How to get back on track for retirement income
So after 3 years of destruction in savings: Covid, layoffs, inflation, moving, quitting, starting a new job— whatever, how you get back to your goal of having enough income for retirement. Assess: what do you need to do; reset your goals. You can still catch up but you need to stick with a serious commitment. Love the stock market: stocks can provide over 10% return per year. No other security can do that. In most market downturns, the total return over 10-15 years provides enough time to recover your loses. So dips in 2020 were overcome in 2022 and dips in 2009 were past over in 2012. Putting your nest egg in the CD deep freeze will kill the growth of an incubator. You may have to work another year before ‘retiring.’ Most people keep working even part time in order to satisfy financial and social needs. You need to understand what “retirement” time has become. Many folks are living longer and thus the old way of living on municipal bonds and CD interest is not appropriate. Many retirees used to fear financial risk and maintained a hording attitude near retirement. However, since you or your partner may live to age 100, you need to make a new plan. Risk is controlled; not feared. With income and expenses planned out, 75 is the new 65.
Double your investing to catch up. https://www.amazon.com/Reset-Your-Retirement-Income-retirement/dp/1512304344
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Nov 2020 Wealthy
discredit election process
Jan
6 2021 Direct
assault failed: guns
& bombs ready
Trump
engaged in a "criminal
conspiracy" to stop Biden
“I
don’t f—ing care that they have weapons”
Trump was “detached
from reality”
Trump
used mafia-style intimidation on the defenseless
Parscale: “a
sitting president asking for civil war.”
Trump:
“Just
say the election was corrupt and leave the rest to me”
GOP fascism: “RINO
hunt armed; no bagging limit” J6
comm threat
Trump’s Supremes END personal
rights & state
laws except for weapons
WMDs
Fascism: GOP
to stop women leaving state for abortion
It’s
not a court. It’s a junta: Two Americas
Jan 2025 Trump
pardons himself
How Govt wastes our money:
Congresswoman
Marjorie Taylor Greene had $183,504 in PPP loans forgiven.
GOP con man Trump
had 6
bankruptcy loans/carpenter bills forgiven made $ millions
We
paid for moon shot once. Let’s save Earth not Mars
safe for wealthy. Wasted
taxes.
Trump
stole secret documents from US, lied about returning them, hid them! Criminal
Trump Claims FBI
Raided Mar-a-Lago Looking
for Clinton Emails: “detached
from reality”
Regulators: online
dashboard Sept. 2: Air passengers
can find “easy-to-read” delay plans
SCAMS/SPINS:
Trump’s secret docs: “evidence
of obstruction” Informants
could be IDed and killed
Lindsey’s forecast: Trump
terrorists will make bigger Jan 6 destruction if Leader charged
Trump
will pardon J6 terrorists: fmr NYC
police caught beating police viciously—10 yrs
Can threats against
Newt ads falsely claimed election "stolen" from Trump to
"arouse
anger" Jan6: jail?
Trump terrorist gets 46 mo failed coup: instigators
get zero jail time: delay delay delay
Trump judge: school district’s ‘Christian’
club can exclude certain children
Michael Shillin WI caught
conning clients buy IPO stocks LTC policies: jail
SCAM: regulators
allow mutual funds change benchmarks to look good
Morgan
Chase funds Putin’s war via fossil-fuel projects (climate-heating carbon
dioxide)
Retail investors 'irrationally
oblivious' to crypto risks: need regs: you could lose shirt
SCAM: celeb Suze Orman new
portfolio advice based on her recent surgery experience
SCAM: Debit
card fraud leaves Ally Bank customers, vendors stricken
More Fakes: Dr
Oz and banned book list: things are bad enough, fakes not needed
RECALL: Ford recalls 198,000 U.S. SUVs due to risk
of fire: battery box
Wells Fargo caught
violating whistleblower protection improperly terminating: fine 22M
BEWARE: “Pay 0% Interest Until
2024”: 5% transfer fee: $500 ‘interest’ fee on $10K
Mortgage insurance scam: expensive
cover not required by most lenders: buy term
FAKE: no-interest
financing to online gun buyers for weapons and ammunition
FAKE medical bill: respond
to collectors chasing you TIPS on how to answer collectors
In
(Christian-right) God We Trust: where Supremes are sending us
Marble Freedom Trust: the real
money behind the Supremes flip to Christian Nationalism
Four Methodist Ministers say Texas
abortion law impedes on their religious freedom
OK
teacher banned after letting his students have access to banned books: neo
Nazism
20-year-old
shooter with war weapon killed two people teens don’t always know why act
Jobs
Good
money doing websites, email, small apps, etc for small business
90%
of Americans have side hustles: inflation and some extra cash
Part-time
for extra cash or interest: pay can vary
Who owns your account now?
Regulator proposes airlines give money back if delay 3 hours: 100K cancelled
Handling an car accident: info at the scene; tips to get paid properly
Best
Home Insurers: Amica Mutual, Auto Club SoCal,
Miracles:
World’s
Rivers, Canals and Reservoirs Are Turning to Dust
One-foot
rise in global sea levels in just 30 years: Greenland ice sheet
collapses
When
Japanese
care home recruits babies to cheer up elderly residents: paid diapers
formula
Ukraine
kids go back to school: keep the Czar far far away
‘Synthetic’
mouse Embryo with Brain and Beating Heart Grown From Stem Cells
Combo
‘polypill’ cuts heart disease death: Combining
3 heart drugs reduces risk 33%
Trees Are the Secret
Weapon of America's Historic Climate Bill: grow 60 billion trees
Is global warming
still a hoax created by the Dems? How
could so many believe the GOP
@
Light is both
a particle and a wave depending on how we look at the light.
I
don’t think that there is any such thing as a position or a velocity of a
particle.
Everything in
universe: galaxies to stones made of subatomic
energy ‘vibrations’
A subatomic ‘particle’
is the smallest possible vibration (quantum) of a quantum field.
Mass–energy
equivalence: E=mc^2. At the smallest
level; Everything is moving!
There is no TIME at this
level because of force fields come and go in all directions.
Inside protons,
neutrons, it
is the fields of the virtual particles that creates its mass.
“Empty space is a
boiling, bubbling brew of virtual
particles that pop in and out of existence in a time scale so short that you
can’t even measure them.” Space expanding.
The electricity we use comes
from the field around the wire not from election itself.
We can apply for
Medicare online: https://blog.ssa.gov/apply-for-medicare-online
We can apply for Social
Security online: https://www.ssa.gov/benefits/retirement/
We can apply for
health care online: https://www.healthcare.gov/
IAN
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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