“Let go of the mentality of spending money for immediate gratification to protect yourself in the long term."
Economic self-reliance: the ability of a person, place or nation to endure successfully without additional financial support from government or other agencies.
If they can get you asking the wrong questions, they don’t have to worry about answers.
Is Money Worth the Paper It’s Printed On?
If you’ve ever walked into a financial planner’s office or a brokerage firm, chances are you were handed a “risk assessment questionnaire," or something like it
The numbers are in, and people are living longer! The CDC calculates that overall life expectancy in the U.S. is presently 78.7 years, with women outliving men by an average of 5 years, or 81 years vs. 76 for men. (Longevity is one area where there is no gender equality.)
As comedian-with-a-cause John Oliver's expose on asset forfeiture points out, the money shaken from the pockets of innocent Americans translates into spending sprees for law enforcement agencies. Confessed one sheepishly honest officer, as captured on a police review board video, "We usually base it on something that would be nice to have that we can't get in the budget... It's kind of like pennies from heaven, that get you a toy that you need."
Prosperity Economics questions the financial assumptions we’ve come to accept as true and provides an alternative to “typical” financial planning. It employs common-sense principles and strategies that preceded the rise of 401ks and the financial planning industry.
A blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.