Archives For Personal Finance Education

Not Your Employee – 250 DSR

May 12, 2018

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Just because you pay taxes to the government doesn’t mean it’s employees “work” for you.

Local Gov’t – police officers. Do they work for you? Try telling them what to do, when to do it, and how to do it. That’s what they tell you.

Your taxes pay their salaries, yes. And you don’t pay taxes voluntarily. You pay them by force of law. Punishment up to and including incarceration. That’s taxation by force. They’ll take your home and anything else they can legally seize (cash, cars, RV’s, etc).

Close:
Question your assumptions. Question what you’ve been taught. Question what you think and why.

Resource:
www.dnb.com
Dunn & Bradstreet. Business search. These are registered corporations. Type name of your local gov’t entity. “District Court of…” “State of….” You’ll be surprised what you find. Every city, county, and state is a corporation. You may live there but the gov’t. Employees don’t work “for” you even though your taxes pay their salaries.

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved

In Government, Money, Personal Finance Education , ,
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The Magnifying Glass – 249 DSR

May 5, 2018

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“The less money you have, the more wisely you need to manage it because you don’t have as much room for error.” – Dave Ramsey

Dave Ramsey – How The Lottery Can Ruin Your Life

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved.

In Money, Personal Finance Education , ,
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401k Contributions – 248 DSR

April 21, 2018

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401 contributions. It’s never too late to start.

3 years on job, $7,500 in 401k no contribution from me. 3% contribution from me at next enrollment. Auto deduct from check.

IRA rollover:
Quit job, another employer, another 401k company. They make money off fees and investing your money.

You contribute pre-tax dollars to the account.
When you withdraw at retirement you get taxed.

Close:
Earlier you start, the more it grows.
Get used to the deduction and you won’t miss it.
Talk to your 401k rep. Charts on how much can expect to have at quitting time. Don’t just guess.

Resources:
Finance and Markets – Casey Stubbs

Get Your Mind Straight. Get Your Money Straight.

Copyright 2018, Debt Shepherd, All Rights Reserved.

In Money, Personal Finance Education, Retirement , ,
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Protect Your Financial Privacy – 246 DSR

April 8, 2018

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How to protect your financial privacy.

Let’s start at home:
Shredders –
$45. Cross Cut not strip cut. Don’t let it pile up. What to shred? Bank statements, documents with acct #’s, SSN, picture ID. Once trash is on the curb, it’s open game.

VPN – Virtual Private Network
vyprVPN software. Free download, 3 days free. Low monthly fee. Fast install on desktop or mobile. Masks your IP address (street address of your computer). Blocks malicious sites like virus protection software. 100% Anonymity online? No. But greatly increased security and privacy. Bank app iPhone check deposits. Use it with VPN software installed on your mobile device.

Out in the world:
At The Bank –
Don’t write acct # on piece of paper and then throw it in the trash. Dumpster divers. People look over your shoulder. Cameras on phones. If you speak your SSN, lower your voice. Don’t lay any docs down and walk away even for a second. Direct deposit, can still get to know your local bank.

Personal story:
I’ve had my Visa Debit card # stolen at least once or twice in 18 yrs. Card Security Services called to verify transaction and I canx the card. $350 charge in CA.

Closing:
Financial Privacy is your responsibility. Not paranoid, just increased level of awareness. Use a PO Box for physical mail.

Resources:
VyprVPN (VPN software)

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved

In Personal Finance Education , ,
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WWGD? – 245 DSR

March 24, 2018

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What Would your Grandparents Do, financially speaking?

Leave a legacy, not just an inheritance. Talk to your kids/grandkids about money. Make it normal conversation at the dinner table, etc. Remove the emotion from the equation.

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved.

In Money, Personal Finance Education , ,
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Kids Money Decisions – 244 DSR

March 20, 2018

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Do your kids have a say in the financial decisions of your household?

The importance of turning 18 years of age in The USA.

Get Your Mind Straight. Get Your Money Straight.
Copyright 2018, Debt Shepherd, All Rights Reserved

In Money, Personal Finance Education , ,
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Know Who You Owe – 242 DSR

February 23, 2018

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Today I discuss a real estate closing fiasco of an old friend and how you can avoid it.

Late 2016 sold house, moved back to CA.

Closing attorney ordered payoff 1st but not 2nd mtg. Closing attorney said “2nd mtg was included in the first mtg payoff.”

Months later, friend got notice from HUD – owe $11k. Consulted an attorney. Now making mo. pmt $200 to 300 to HUD.

Their buyers attorney contacted them. We payoff 2nd, you borrower $9k from us, do you have any collateral?

Buyer is trying to either refinance or sell and can’t. Doesn’t have clear title. Title clearly shows 1st and 2nd mtg. Seller’s attorney screwed up big time.

Seller pocketed enough to pay the $11k at closing but wasn’t aware of it. Ultimately responsible.

Lesson?
Know who you owe. Read CD, look at who is being paid off. If you write two mo. mtg pmt checks, both lenders should be in the payoff section.

Credit score hurt if HUD reports to credit bureaus.

Resources:
What is a closing disclosure?

Get in touch:
Comments, Questions, or need coaching?
Contact

Get Your Mind Straight. Get Your Money Straight
2018 Debt Shepherd, All Rights Reserved

In Mortgage, Personal Finance Education , , ,
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Cartel Bank – 241 DSR

February 6, 2018

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HSBC launders drug cartel money in US Banks. The US government allows it. Here’s why….

Netflix documentary “Dirty Money”
Episode: Cartel Bank
HSBC (Hong Kong Shanghai Banking Corp)

2012 Deferred Prosecution Agreement
1.2B fine, 5 yrs “probation”
12/2017 charges dropped in Eastern NY court.

US Gov’t knowingly allows large banks to launder drug cartel & terrorist money.
US 2nd in illicit money flows, 2nd only to Switzerland (Wall Street on Parade article).
illict money flows – tax free haven for the rich, shell corporations, etc.

Overview –
WSJ Article: “A 2016 congressional report into the settlement found that Justice Department
officials overruled internal recommendations to pursue a criminal prosecution, in part to avoid
disrupting the global financial system. The DOJ at the time of the report said it was committed
to holding individuals and corporations responsible for their conduct.”

US gov’t did not pursue criminal prosection. Why? In part, to avoid disrupting the global financial system.

Resources:
Wall Street Journal (12/2017 article)

Wall Street on Parade

Narco Dollars for Dummies – “How the Money Works” in the Illicit Drug Trade by Catherin Austin Fitts

Debt Shepherd 2018, All Rights Reserved

In Government, Money, Personal Finance Education ,
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