What Happens if Foreigners Don’t Want our Dollars Anymore?
Even with the devaluation of our currency over the decades, the US Dollar is still the world’s reserve currency today. People have felt for many years that it’s a safe place to hold their wealth. Foreign governments hold their wealth in US Dollars. Financiers the world over have done the same. Even most commodities are […]
The US Deficit & Debt
This year, the US government will spend more than twice what it earns. It’s taking in $1.6 Trillion in tax revenue and spending $4 Trillion. Again, how long could you spend more than twice what you make before your creditors stopped lending to you? Our government admits to owing close to $12 Trillion, but there […]
What is the US Dollar Worth? – Fiat Currency & a History of The Gold Standard
The US Constitution established the right of the Federal Government “to coin Money, regulate the value thereof,” and so in 1792, they did so by establishing the value of a dollar at roughly 1/20th of an ounce of Gold. So $20.67 bought one ounce of gold. Today it takes over $1000 to buy an ounce […]
A Real Whole Life Policy’s Returns
“If you are willing and obedient, you will eat the best from the land” (Isaiah 1:19) We became frustrated that the companies were showing such an artificially low projection (as we discussed in the last Whole Life Insurance post) while knowing that they had historically performed much better. So we went to one of the […]
How Much Should You Save?
“Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.” (Proverbs 6:8) We’ve established that saving money is really important. So how much should you save? Again, there is no solid “right” […]
US Dollar or Gold?
Yesterday, we described, in simple terms, how today’s administration is devaluing your money. In real life though, it’s a bit more complicated than that. A dollar is worth whatever the world is willing to pay for it, just like any other product. And for almost a century now, the world has looked upon the US […]
Gold and Inflation- Gold as Cash Reserve
“In a large house there are articles not only of gold and silver, but also of wood and clay; some are for noble purposes and some for ignoble. 21If a man cleanses himself from the latter, he will be an instrument for noble purposes, made holy, useful to the Master and prepared to do any […]
Kingdom Calling vs. Financial Advisors: Trying to Predict the Future
Kingdom Calling cannot and does not try to predict the future. If you’re working with a financial advisor that does, it’s probably time for you to question your direction. Instead, Kingdom Calling tries to plan for every contingency while focusing on maximizing the efficiency of your plan. By doing so, we are able, in most […]