The Prosperity Blog

The Minority Report

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“Despite a voluminous and often fervent literature on “income distribution,” the cold fact is that most income is not distributed: It is earned.”

Thomas Sowell

Table Of Contents

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Self-Employment in the Digital Age

“You are always self-employed. You are always the president of your own personal services corporation, no matter where you might be working at the moment.”

 ― Brian Tracy

Table Of Contents

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The Ugly Math of One Bad Year

Here’s an easy riddle:

Up.
Down.
Down some more.
Up.
Down in a hurry.
Up.
Up again.
Down, then up in the same day.

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Who am I?

  • A) A Bipolar mood disorder
  • B) The stock market
  • C) A roller coaster
  • D) All of the above
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Self-Service Life Insurance

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Q: CAN YOU BUY LIFE INSURANCE ON THE INTERNET WITHOUT THE ASSISTANCE OF A FINANCIAL PROFESSIONAL?

A: MAYBE, BUT IS THIS A GOOD THING?

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Along with advertising for automobiles and beer, there are several commercials in heavy rotation on cable TV channels for insurance. One ad features an animated “virtual world” where consumers can meet all their insurance needs with a click of a button on their computer. Another ad shows a make-believe insurance “grocery store” with consumers choosing their products off the shelf and paying at a check-out counter where they are met by a perky cashier.

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Understanding the Impact of Credit in the Economy

Most of us have a basic understanding of how credit and debt works based on our personal experiences. We borrow someone else’s money (the bank’s, the mortgage company’s, a friend’s), then we buy something and repay the lender with interest. That’s the basic formula: whether credit is for a house purchase, a car, or dinner at a restaurant. Whether credit is for a house purchase, a car or dinner at a restaurant, that’s the basic formula.

Likewise, the typical questions asked are as simple as, “Who will lend me the money, and can I afford the payments?” While important considerations, we also think there are equally important questions that people aren’t asking. And right now, the question on many people’s minds is, “What will happen to debt if the dollar inflates?

So let’s talk about debt–good debt, bad debt, inflation, and credit. How do these ideas fit together?

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