Mostly about Utah
The acronym PIIGS refers to the economies of Portugal, Italy, Ireland, Greece and Spain especially in regards to matters relating to sovereign debt and government deficits. These economies are seen to have high government debt levels and a high government deficits relative to annual gross domestic product (GDP), despite being comparable with the Eurozone as a whole. Some economies with similar financial … [Read more...]
Previously posted 27 November 2009 I became acquainted with the power of zero early in life. The power of zero was my financial plan. Very simple really. The nearer my balance approaches zero the slower my spending. Worth repeating, in bold, italicized, and indented: The nearer my balance approaches zero the slower my spending. Zero was that grand guardian against excess. The magical cipher to … [Read more...]
My guest writer is Sharon Smith of the Oak View Law Group. There is a crunch in the American economy and times are hard now. How is it possible to survive in this financial crisis? It is about time that you start saving for the "rainy day". Every family has an individual lifestyle to maintain. Here are a few tips, which can help you to save money, without compromising on the living standards. Do … [Read more...]
Today imagine that Congress has a fit of sanity and manages to balance the budget. They do it through a combination of spending cuts and tax increases. The dollar strengthens and there is more money because of interest that is not needed to pay for deficits. Congress's approval rating soars and they decide to balance the budget from now on because the voters love it and so does the economy. But … [Read more...]
It is time to revisit President Hinckley's October 1998 General Conference Priesthood Session Talk. The one entitled "To the Boys and to the Men." He first speaks to the young men and then to the "older men." To the brethren he first reads from Genesis 41, wherein Joseph interprets Pharaoh's dreams as seven years of plenty and seven of famine. There has been some speculation that this could mean a … [Read more...]
Four questions showed up recently in a comment about a post on debt. 1. What advice would you give for teaching young children and teenagers these principles? First we need to identify the principles mentioned in the post. They are: Debt is worse than the plague. Never pay credit card interest. Borrow only for home, health, and education. Pay tithes and offerings. Be charitable. Never … [Read more...]
For some time I have wanted to express my opinion about debt. In 2006 I made the last payment on my mortgage and have been debt free since. So though you won't get rich after reading what I have to say, you may be able to make some adjustments so that you can get out of debt faster. What I am writing here is really just a collection of what others have said and what I have done personally with my finances. Plague All … [Read more...]
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