For Gold, Peace, and Freedom


Six Important Steps to Take When You Are Desperate for Money

July 30th, 2012

money-bag.jpgWith the hard economic times that so many people in the world are facing today, you could easily find yourself in a situation where you are desperate for money. Before you start looking at crazy schemes to earn money fast or decide to rob a bank, there are six important steps that you need to take in order to ensure that you do not create even more problems in your attempt to get out of your current money crunch.

1. Stop and take a deep breath. You will not be able to resolve your problem in a positive way if you are not calm and thinking clearly. When you are desperate for money, you could easily go into “panic mode”. When you operate in this mode, you are less likely to solve the problem, and more likely to make it worse.

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Examples of Modern Barter Systems

May 18th, 2012

When the concept of barter, generally defined as trading goods or services directly without the use of cash or some other type of money as an intermediary, is mentioned, people often think of it as an ancient or medieval practice that was made obsolete by the invention of money as a medium of exchange. However, with recent recessions, depressions, austerity, high unemployment, outsized public and private debts, and various other forms of economic malaise becoming increasingly prevalent in many areas of the world, the practice of barter is making a comeback as people who do not have much cash but still have items or services to trade are doing whatever they can to survive.

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Writing Covered Calls for Additional Income

March 25th, 2011

covered-call-money.jpgInvestors who wish to generate additional income while waiting for long term price appreciation of a particular stock in their portfolio might want to consider selling covered calls. The covered call is a strategy in which an investor/trader writes or “sells” a call option contract while simultaneously owning an equal number of shares of the underlying stock. This strategy is designed to generate additional income and is most successful when one has a neutral to slightly bullish view on the underlying stock. First, let’s examine the basics.

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Good Uses for Credit Cards

March 24th, 2011

credit-card-portfolio.jpgSome consumers avoid using credit cards because of the fear of getting buried in high interest credit card debt. If you use your credit card with restraint, it can not only help you build a stronger credit rating, which is helpful for obtaining a mortgage or car loan, but it can also give you financial benefits. Consumers should be able to identify the best uses for a credit card in order to reap the maximum benefit credit has to offer.

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How to Manage a Personal Budget

March 1st, 2011

personal-budget-finance.jpgCommitting a personal monthly budget to paper is a huge step towards gaining control of your financial situation. There is a great deal of work that goes into creating a comprehensive and useful budget, but once you start using it you may begin to encounter challenges.

Regardless of how well you plan and how detailed your budget is, it is inevitable that circumstances will arise which could derail your program. The best way to insure that you remain true to your budget and stay on the path to controlling your personal finances is to learn how to manage a budget once you have created it. A budget cannot be a static plan. Preparing yourself to handle the challenges of a budget can help you to stay within your spending rules.

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Mortgage Repayment: Understanding the Facts and Figures

February 20th, 2011

mortgage-repayments.jpgMortgages can be confusing, especially when it’s your first time around. There are many things to take into consideration: interest rates, loan terms, fees and charges, and enough small print to test anyone’s eyesight. Many people will choose a mortgage product based on the interest rate alone. However, often a loan with a low interest rate can cost you more than one with a higher rate.

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What to Look for in Old Paper Money

February 19th, 2011

old-paper-gold-certificate.jpgIf you have ever looked through old papers and memorabilia from your grandparents, you have probably run across old paper money. Though many people may think little of an old bank note other than as a reminder of currencies from previous generations, there are avid collectors of old paper money. The numbers of these collectors, called notaphilists, have been growing in the recent past.

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How to Become a Paper Money Dealer

February 17th, 2011

paper-money-trading.jpgCollectors are known to collect a wide variety of objects. For some it is stamps, for others it’s dolls, and for those who are interested in the financial world, they collect paper money. Because collectors are so familiar with their obsessions, it makes sense that many of them turn into dealers. Paper money dealers often have to specialize in order to draw profits, but when they do their passion becomes their employment.

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Paper Money Clips Coming Back in Fashion for Collectors

February 15th, 2011

money-clip.jpgStanding in line at a local grocery store, an elderly fellow in front of the cashier reached into his pocket for payment. What he pulled out of his pocket was a blast from the past, a paper money clip. For those too young to remember these classy money organizers, the money clip was a standard way men used to carry money.

The Purpose of a Money Clip

Money clips became fashionable when money moved into the paper format. Prior to paper currency, most gentlemen carried a money pouch that was often held inside their clothing. Women, on the other hand, wore a coin purse often tied around their waists and tucked into their aprons.

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Mortgage Information: Knowledge Is Power

January 26th, 2011

mortgage-information-application.jpgMaking sure you make the right choice in mortgage product and lender comes from having the best information at hand. Knowledge is power, especially when it comes to your money. When you are looking for a mortgage that will best suit you, it is important that you are aware of the most up-to-date information on home lending. Being familiar with current products and procedures will help you to get the best deal.

Mortgages for First Home Buyers

For people who are not afflicted with a profound lack of financial acumen, buying a property is usually an excellent decision. Even though you have probably put a lot of effort into saving the deposit and finding the right home, there is still some hard work ahead of you. Your first step as a home buyer is to start researching how much you can afford. Set out a monthly budget, and decide what a reasonable monthly payment to your mortgage would be and whether you can afford it.

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Investment Properties in Mexico

January 25th, 2011

tulum-mexico-investment.jpgFew places can compete with the beauty of the Mayan Riviera on the Yucatan Peninsula. Gazing out upon the awe-inspiring, turquoise waters and soft, sandy beaches of the Caribbean, investment properties in Tulum, Mexico provide incomparable beauty at affordable prices. With its mild climate, stunning ruins, year-round sunbathing and snorkeling, growth is the promise of this tropical paradise.

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