In the world of investing, diversification is a cornerstone principle. This is where precious metals, such as gold and silver, come into play. They have long been considered reliable stores of value and are often turned to as a hedge against market volatility, economic crises, and inflation. But how do these two heavyweights stack up…
Precious metals have been sources of storing and trading value throughout extended history. Until the 1971 departure of the United States monetary system from being backed by gold, the value of our money was historically tied to the value of an ounce of gold. However, when the US Dollar was taken off the gold standard,…
As you think about the various elements of prosperity and building wealth, having stewardship over things (ownership) that have value is fundamental to being prosperous. Cryptocurrency is a digital representation of value, and it serves the same purpose as traditional money, including serving as a store of value and a medium for exchanging value. As…
Update: September 15, 2022 This article is about Brett Bartlett, a professional scammer (pictured to the left, the dorky one in the back with the big cheesy smile that says, “I’ll be your best friend while I steal money from you”) who goes from one scheme to another defrauding people while pretending to be a…
If you listen to talk radio much, you’ve most likely heard of Dave Ramsey, the radio personality who talks about money, debt, budgeting, investments, and related topics Monday through Friday each week. His show is broadcast on over 500 radio stations throughout the country to an estimated audience of over 6 million people on a…
For those who have followed the creation an development of cryptocurrencies over the past decade, you’ve noticed the rise of several different versions of cryptocurrencies following the lead of Bitcoin, the first cryptocurrency released with a decentralized ledger. While most of the news in the cryptocurrency world has focused on the goings on of the…
Taking control of your personal finances is one the most important things you can do to experience the blessings of prosperity that are available to those who are willing to obey the principles upon which those blessings are based. Under the influence and in the grasp of the materialistic society in which we now exist,…
Going into 2020, the United States economy has experienced the longest period of economic expansion in its history. After the Great Recession of 2007-2009, we’ve seen growth starting in June of 2009, a period that has lasted more than ten and a half years. According to the National Bureau of Economic Research, the average period…
Sometime during 2010, I heard a lot of buzz in my work office, where there were lots of developers and other technical types, about a shiny new digital currency experiment that the most geeky of geeks in the office were referring to as Bitcoin. It seemed gimmicky to me at the time, besides being complicated,…
CIT Bank is an online bank based in Pasadena, California that offers personal and business banking products and services. Although CIT Bank is best known as an online bank, which allows it to provide high yield returns on savings and other types of deposit accounts, it is also a sister bank to OneWest Bank, which…