A financial education blog to share experiences on 401K, assets, budgeting, cashflow, early retirement, finance, financial freedom, investing, money management and retirement planning using posts, podcasts and video.
Do you think your character has any relationship with your finances?
Are you Purposeful (goals & objectives)? Are you Patient (saving)? Are you Responsible (borrowing)? Are you Moderate (balance & budgeting)? Are you Selfless (retirement)? Are you Reliable (credit)? Are you Courageous (business & investing)? Are you Punctual? (35% of U.S. FICO is based on this character) and the list goes on.
True Wealth & Prosperity can only be achieved by discovering and developing one’s hidden treasures:
âRegard man as a mine rich in gems of inestimable value. Education can, alone, cause it to reveal its treasures, and enable mankind to benefit therefrom.â
Of course development of hidden potentials (virtues) must be complemented with learning and implementing various elements of local economy in daily financial activities.
Recently my wife and I visited China and Thailand during November and December of 2007. It was an eye opening experience for me. Thailand was nice, the usual tourist spots, warm weather,Â sunny beaches, and yummy delicious Thai food. China, on the other hand, was a sight to see!Â Its not like any other place I have visited before, the culture, the people, the food, the historic places…Â OK,Â you probably don’t want to hear me ramble about my 5 week vacation right? There is something else we need to talk about - related to finance of course - the emerging China markets - or has it already emerged and positioned itself as one of the biggest, dominant, and powerful markets now? People, we need to look at China and if you are wondering how to profit in the Chinese markets, you better start your research now!
In summary the video posted here will show youÂ thatÂ a group of G7 leaders recently met in Tokyo to discuss the world economy.Â They state that theÂ Global economy could get worse and is mainly the cause of the crumbling US housing market.Â Presently the losses of the banks amount to approximately 100 Billion dollars in relation to this housing market down-slide.Â That is a lot of money!Â The G7 leaders were comprised of finance ministers from Japan, United States, Canada, Italy, Britain, Germany and France (for those who did not knowÂ what G7 is?) from which the Japanese and French leaders stated that they were not concerned about their regions as the fundamentals remained firm for the economical conditions in Japan and France.Â I would love to know why Japan and France are standing firm on their fundamentals and what is anticipated for their future economic conditions if the US market tumbles futher downward.
I am not sure how to take the comments made on this video and how to prepare ourselves for what is yet to come all because of the housing market debacle that was mainly generated from capitalistic greed.Â In many an instance I was privy to dealings with Real Estate Brokers who were selling overpriced homes to under qualified buyers.Â Â So the Brokers got rich on these innocent victims who only wanted to fulfil the american dream of buying a house in America and so did the banks by charging outlandish fees.