Today I’m going to talk about one of the biggest expenses a family ever has, and that is college, and the money it costs to send somebody to college. One of the big questions is, first of all: Is it worth it? Should it be done? Should somebody go? I want to discuss all of these. Colleges are forcing graduates into major debt. Is is worthwhile or are there better paths in life? Just an aside, colleges and universities are really in trouble right now. They’re bloated, and they’ve had … [Read more...] about 64 – College – Is It Worth It?
This episode is actually out of the request from a couple of people, having to do with debt and finances. It turns out that in the United States, very few people really are prepared for retirement or getting themselves prepared for retirement. How important is that? Let me go backwards a little bit, because most people are well before the age of retirement, and they live paycheck to paycheck. Actually, 61% of the American public live paycheck to paycheck. 63% don’t have $500 for an emergency. … [Read more...] about 61 – What happens if your paycheck stops?
Today I’d like to talk about a different topic that I’ve actually never heard before. Everybody has heard, of course, about compound interest. You know how you put aside so much money at a certain age, say 25, $100 a month, and you’d have 1.5 to 2 million dollars by the time you’re older. I want to talk about compound interest in reverse. Think, instead, of the bank. When you have debt, the bank has loaned you money or put it into an account to gain interest, just like you’re supposed to put … [Read more...] about 56 – Reverse Compound Interest can Kill You
I had an interesting just a few weeks ago, met somebody, a Lieutenant Colonel in the Army, and it was interesting in what he was doing and how he was planning his future. I thought: “Wow, this would be a great example of what other people, as they’re thinking of another career, another job, or expanding their income some other way – they might have some ideas that they could do, too, from it, as well as they might even copy a little bit of what he did.” Let me get to that right away. We are … [Read more...] about 33 – Ready with Alternative Income Ideas!
Today we have a remarkable guest on, and this is special in that this is an answer to a lot of people’s problems. This guest is Chris Ducker, a successful entrepreneur that moved to the Philippines back in about 2000/2001, and at that time he set up a company that actually does some unique services, virtual employees, that is virtual assistants of various kinds. This gives the ability for somebody who has a company or to doing something, to hire virtually; therefore, that’s just like an … [Read more...] about 29 – Chris Ducker Outsourcing to Build Business.