Myles is a guest on today's Q&A show of "Rethinking the Dollar" and covers how to survive and thrive in the current and coming depression by using financial sustainability & SMART Income.
Check out Rethinking the dollar here : https://www.rethinkingthedollar.com
The real state of affairs for the USA is dire. The TV news or your politicians won't tell you that, because it is business & political suicide. But the real economic data matters for your daily life and it is the reason you are and will continue to be constrained.
I absolutely believe that the first thing anyone should have as part of their financial strategy is liquid cash available for times of emergency. This has become more popular due to the Dave Ramsey preaching of the value of an emergency savings fund. But just how much is right, and what factors may influence the amount you need to have? We discuss this in light of a passive income strategy in this article.
A recent podcast discussion that I was a co-host on came up, in which the host asked the question, "Are Americans Rich?". The context was to do with whether we all shouldered the burden of charitable giving to other nations and whether that is something that should be done by the individual. The discussion brings up some very interesting dynamics, which I will attempt to give my opinion on in this article.