Its about that time for some links

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7 things you don’t need to buy:

http://www.beliefnet.com/Entertainment/Galleries/7-things-we-dont-need-to-buy.aspx?b=1&p=9&utm_campaign=crowdignite.com&utm_medium=referral&utm_source=crowdignite.com

101 ways to make money:

http://www.101WaysToMakeMoney.com

What does it mean to be wealthy:

http://www.millionairecorner.com/article/rich-america-part-1-what-does-it-mean-be-wealthy

Click bank:

http://www.101waystomakemoney.com/how-to-make-money-with-clickbank/

7 habits of frugal people:

http://moneyning.com/frugality/7-habits-of-highly-frugal-people/?

11 foods you can’t buy any more:

http://www.thefiscaltimes.com/Articles/2012/11/16/11-Foods-You-Cant-Buy-Anywhere-Anymore.aspx#page1

Entrepreneur:

http://www.telegraph.co.uk/sponsored/business/lloyds-tsb-enterprise-awards/9735553/business-young-entrepreneurs-vital-britains-economy.html

 Calculators:

http://www.ameriprise.com/budgeting-investing/budgeting-and-forecasting/calculators/EnhancedLoan.asp

Underground Economy:

http://www.cnbc.com/id/100668336

 Bitcoin:

http://www.economicpolicyjournal.com/2013/05/will-bitcoin-be-accepted-by-paypal.html

 Break down of the economy:

http://intellectual-detox.com/2013/04/14/rent-seeking-economy/

 Terrible people skills:

http://www.salary.com/7-signs-you-have-terrible-people-skills/slide/8/

The plastic that can devour you

Credit cards are generally deemed as the reason why people get into financial issues and looking around there are a lot of them. In 2011 the average US person had 6500 dollars in credit card debt (http://money.cnn.com/2012/01/17/pf/credit_card_debt/index.htm) . This is a huge number, especially considering that there are 300 million persons in the US and 6500 * 300,000,000 = 1,950,000,000,000. That’s almost 2 trillion in debt and that is just credit card debt. Like so many things, don’t be a statistic, pay of debt and put your money into investments that appreciate or retain their value.

There are many ways that people get into trouble with credit cards and many of them are not due to the person being irresponsible its that most people don’t think about the long term of their finances. Most people view credit cards as an extension of their wealth. This is what most people have been told and what many believe. While credit cards and credit in general is an indicator of prosperity they are not the same as being wealthy. For instance a person with no job can have multiple credit cards but they have no money to finance that credit. Unfortunately this cycle continues and the average consumer gets deeper and deeper into debt.

To break the debt and instead focus on savings there are a number of steps that one can take.

–    Break the “I want it now” approach. Delayed gratification is the key.
–    Don’t pay the minimum. Pay as much as you can.
–    Don’t carry the credit card on you. Instead carry cash. (You will know how much you are spending by the decrease of the money in your pocket)
–    Credit cards are not additional cash, they are a loan and one that has to be replaced.

These are some of the ways that one should begin to view credit in order to stay out of debt or get out of debt. It is tough going especially when we have been taught our entire lives that credit cards equal money and that if you want it you should buy it. But when you are debt free and saving money you will feel much better about yourself and your future.

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Friday special links

From scouring the internet. These are some good links I foud.

Where government backed companies fail, the market will provide:

http://www.nytimes.com/2013/07/13/us/In-Los-Angeles-Where-Car-Is-King-Smartphones-May-Cut-Traffic.html?_r=0

The history of the Federal Reserve Bank:

http://www.safehaven.com/article/8658/americas-forgotten-war-against-the-central-banks

I definitely agree with some of this stuff:

http://www.marketwatch.com/story/10-things-millennials-wont-tell-you-2013-06-21?link=MW_story_popular

Things you shouldn’t spend money on:

http://www.nfib.com/business-resources/business-resources-item?cmsid=63099&utm_source=Outbrain&utm_medium=cpc&utm_campaign=2013q2&utm_content=BR

Twinkies:

http://wtkr.com/2013/07/15/twinkies-are-back-but-most-jobs-are-not/

Unfriended on FB, here’s probably why:

http://mix1041.cbslocal.com/2013/07/05/top-10-reasons-we-unfriend-people-on-facebook/

The top 100 political donors:

http://www.zerohedge.com/news/2013-07-14/presenting-all-time-top-100-political-donors

Harry Browne:

http://www.harrybrowne.org/articles/DebateQuestions.htm

Misconceptions about the government:

http://www.wnd.com/2001/06/9775/

Butcher, baker and the candle stick maker

As we look around we see hundreds of thousands of students in debt. The student debt is almost a trillion dollar. Thats a lot of money. What many people are realizing is that an education may not be worth it.

To me an education is a commodity or a tool. Much like an axe, a car, oil, gold or any other thing that helps you gain money and a living. If it doesn’t help you in your life then you wouldn’t get it.

What it leads me to is this. Where do we go from here? How does one educate oneself and ones children?

libertariandad. Thoughts and musings on fatherhood and libertarianism.

Craigslist and the interesting people you will meet via it

Selling on Craigslist:

 (Intergenerational wealth transfer)

 There are a number of ways to raise money if you have time and are willing to respond to many emails and willing to chase down a lot of  leads that peters out to nothing. This method is using Craigslist,. The basic premise is that you have something of value or utility that people might be interested in obtaining from you. What I tend to do is take photographs of the item and post a detailed description of the item you are selling. Sometimes you want to clarify why you are posting something, such as katana swords. “The swords are not decorative and are not sharp” I guarantee people will come back and ask if the sword is sharp or who made it….China? 

 There have been many responses written to my posts and so many of them are very tort. Such as will you take 5 dollars for it or a single line of bad grammar, Still got it? Not that I wouldn’t sell these people but seriously it doesn’t take much to write a friendly and courteous line that expresses your interest in a product. I have responded to hundreds of inquiries and then I never hear anything back. I am assuming that they either lost interest or just found something else to satiate them. However in some instances you hear something back pretty soon and people will come by to look at something. This sometimes can be that very day or the weekend.  The words “do you want to buy it” should probably not be written in an email. Most people recoil when this is asked.

 So they come to your house or you meet them somewhere in public. What ever you do, do not drive out of your way to meet people unless they are willing to compensate you. So, 9 out of 10 times this is a very rapid exchange. People check the merchandise (eye ball it) and then hand you the money. Once this is done then you say thanks and you go about your business.

Craigslist is a handy way of selling some items you may not want or you are not using any more and not want to get rid. But it generally takes a long time to sell them. I have had items on CL for over a year sometime. But it is nice to see when you get that cash. There are other ways to raise money like this, those are have a yard sale and the ever elusive EBAY/AMAZON.

 On a side note, one of the best pieces of advice I can give you is to post items Thursday evening because on Friday people will check Craigslist and plan for the weekend accordingly.Image

On fatherhood

After i had my first child i had to think long and hard about my world view and the way i wanted to raise my children. I wanted to start a blog discussing this and discussing libertarianism.

libertariandad. Thoughts and musings on fatherhood and libertarianism.