Archives For Money

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

“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.

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.

WWGD? – 245 DSR

March 24, 2018

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.

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

Has anything changed for you financially since the election? Are we really in a recovery?

Topics:
Credit Cards
Student Loans
Consciously raising kids who understand money

Questions:
Are we really in a recovery?
If Congress borrowed more money this year than last and tax revenue is down, how are we in a recovery?

Get Your Mind Straight. Get Your Money Straight

Copyright 2018, Debt Shepherd, All Rights Reserved

Cartel Bank – 241 DSR

February 6, 2018

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

Do you take your debts with you when you die?

This show topic is inspired by a text from a listener and former student of Debt Shepherd. Brenda G. on the east coast of The US.
who asked, “Is there a metaphysical relationship between death and debt? Do we carry debt over into the next realm?”

1) Do we carry debt over into the afterlife? Karma. Do unresolved issues stay with us if/when we are reborn?

Is our thinking about money, abundance, etc formed after we get here? Or is it part of the part of us that isn’t physical, that we already were before our bodies showed up?

2) Credit Cards and The Rapture

Co-worker in mortgage business once said, “I’m not worried about paying off my credit cards. The rapture is near and when Jesus comes, I’m outta here.” That was about 10 yrs ago. I’m not sure he still has that outlook, but it’s interesting nonetheless.

Closing:
As far as karma goes. What comes around goes around is a good adage in the here and now regardless of our thoughts, feelings, around the afterlife.

I don’t recommend an attitude toward debt of, “Screw it, when I die I don’t have to pay these debts/bills.” I say clean it up best you can while you’re here.

Ever treated an old, unpaid debt like death? You put it out of your mind for a while but it keeps coming back to bother you. You’re afraid the debt collector will come calling some day when least expected, kinda like the grim reaper?

Irony. Word Mortgage. Mort means death. MORTician, RigorMORTis. MORTgage. The word debt kinda sounds like death a bit. Think about it.

Resource:
debtshepherd.com

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