Sunday, January 21, 2018

Generosity Through Abundance

Do you shop on Amazon? Then just click through the ad below before you shop and a percentage of your purchases could be making its way back to Generosity Through Abundance.

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Saturday, January 20, 2018

The Velveteen Rabbit by Margery Williams

Do you love The Velveteen Rabbit?

Click below to see some products to help you show your love:

Sunday, December 31, 2017

New Year's Resolutions - 2018

Here are my  resolutions for the coming year:

Watch more TV.
Watch at least 4 hours of YouTube videos a day.
Eat 75 more calories a day and gain at least 50 pounds this year.
Spend all of the money I earn.
Start drinking alcohol.
Get less sleep.

I hope you get my humor. The opposite of these resolutions are actually the most common New Year’s Resolutions and sadly for many they will fall by the wayside as they have many times before.

The power of inertia is what makes change hard, We are rolling in one direction and we need to go a different way. This is where resolve is needed. If we really resolve to do something then we are willing to do the hard things that will be necessary and we have to be willing to do them for a long time.

One thing that helps in making change is when you want to do something versus having to do something. The want to becomes a powerful motivator.

I don’t make New Year’s resolutions but I strongly believe in breaking things down so that I can achieve change in small sustainable ways. Over time the little things become big and the change lasts. I try to focus on the good things that are being accomplished in my life rather than being bogged down with all of the areas that still need work. If I keep moving in the right direction then their time will come.

I hope that the coming year will be be one of change, growth and transformation for you.

If you would like a big jump-start on getting things moving in the right direction, check out this podcast: The Power of a Made-Up Mind.

Oh, and by the way, if you would like to help others in a unique way, check out Generosity Through Abundance.

Saturday, December 23, 2017

Why you should refuse to give up cash

Many people I know rarely carry cash. It's easy for the most part these days as it's rare to find a place that doesn't take plastic or a digital currency. I recently read about a coffee shop that was refusing to take cash at all.  But what if there is a downside?

Have you heard of negative interest? If cash was done away with completely, banks could not only charge interest on money you borrow but also on money you save.

Here is an excerpt from a World Magazine article:

Cash and freedom

In 2015, the Bank of England’s chief economist, Andy Haldane, gave a controversial speech in which he suggested switching from cash to an entirely digital currency. Haldane sees this as a way for central banks like his to impose negative interest rates, a radical fiscal policy that is not easily feasible when cash exists. The Cato Institute’s Daniel Mitchell, like other free-market economists, has decried the “war on cash” as an effort from central governments to have greater control over people.

When central bankers set the interest rate below zero, investors generally pay for money in a deposit, rather than earning money on a deposit. The idea is to push people to spend money instead of holding it in a bank account. Cash allows people a way to escape a negative rate, which is why negative rates are rare. Central banks in Sweden and Denmark recently resorted to negative interest rates, but they are among the few.

“In a system without cash, we can basically set negative interest rates without any problems at all,” said the Swedish central bank Riksbank in a 2015 report. But the report acknowledged that it didn’t know how to get rid of cash.

For now, talk of negative interest rates is mostly theoretical. As Haldane admitted, economists like him face a “significant behavioral constraint,” meaning regular people don’t want to get rid of cash. The places that have experimented with it, like Sweden, are seeing some concerning results. The danger for consumers in Sweden is that, as they begin to experience the effect of negative interest rates, they might take on more debt. So a bank might pay a mortgage holder interest on a mortgage. When rates rise, consumers might find that debt difficult to repay. Sweden now has one of the highest ratios of debt to disposable income in the world. —E.B.

Here is the complete article:
Is cash an endangered species?

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