Posts Tagged ‘financial education’
Credit Crisis: Are We Set Up for The Perfect Storm?
Robert Prechter discusses what’s backing your dollars
January 26, 2012
By Elliott Wave International
In this video clip, taken from Robert Prechter’s interview with The Mind of Money, Prechter and host Douglass Lodmell discuss “real” money vs the FIAT money system, and what is backing your dollars under our current system. Enjoy this 4-minute clip and then watch Prechter’s full 45-minute interview here >>
 | Watch the full 45-minute interview FREE Get even more valuable insights as Mind of Money host Douglass Lodmell interviews Elliott Wave International’s President, Robert Prechter, about how to keep your money safe, the deflation versus inflation debate, and many more topics that are critical to your financial future. |
What Is Backing Your Deposits in the Bank?
By Elliott Wave International
Is the bank really the safest place to keep your money? Robert Prechter joins the Mind of Money host Douglass Lodmell to discuss what backs bank deposits and how you can keep your hard-earned money safe.
We invite you to watch the interview below. Then read Robert Prechter’s free report, Discover the Top 100 Safest U.S. Banks.
 | What is the best course of action to safeguard your money? Read our free 10-page report, Discover the Top 100 Safest U.S. Banks, to learn:
Download your free report, Discover the Top 100 Safest U.S. Banks, now. |
This article was syndicated by Elliott Wave International and was originally published under the headline What Is Backing Your Deposits in the Bank?. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
The Ultimate Money Guide for Bubbles, Busts, Recession and Depression
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Just released:
New blockbuster book
by Martin D. Weiss!
Dr. Weiss has just released his new book — The Ultimate Money Guide for Bubbles, Busts, Recession and Depression — and already it has soared to the top of the charts on Amazon.
In this fully updated and expanded edition of his latest New York Times bestseller, Dr. Weiss shows you …
- Why even the shocking trillions in bailouts and guarantees Washington has handed out have not been enough to prevent a new debt crisis (page 31) …
- Why Wall Street cheerleaders, top economists and our leaders have been so wrong at every stage of this crisis — and why listening to them now could cost you up to half your wealth in 2011-2012 (page 38) …
- What REALLY can happen if your bank fails — what the FDIC insurance covers and what it does NOT cover … why many depositors could be very disappointed (Chapter 6) …
- How to find safe insurance companies, the best life insurance policies and the best annuities. What insurance agents never tell you … policies nobody needs but almost everybody buys … plus much more (Chapters 7, 8 and 9) …
- The ultimate alternative ETFs for reaping wealth in the worst of times. Follow these steps to help protect your portfolio and reap far larger potential gains (Chapter 11) …
- 3 shocking reasons why Wall Street ratings on stocks and bonds are dangerous. Hidden conflicts of interest, bias, payola, cover-ups and scams that could lure you into deadly investments (page 41) …
- Your home loses another 20% of its value — but THIS investment wipes out your loss or even hands you a profit. The five-step hedging strategy every homeowner should be using now (page 173) …
- 5 easy ways to spot the REAL bottom in stocks and bonds — and use it to help pile up massive wealth in a recovery (page 193) …
- How to maximize your bond market and Treasury yields with safety: Six simple steps (page 209) …
- Dividends: Your next great income opportunity. Four simple steps to find stocks with steadily rising dividends (page 217) …
- The best time to buy gold — 700% profits possible! Get your timing wrong, and you’re likely to lose a bundle. Get it right and Katie, bar the door! How to invest in gold, gold ETFs and mining shares during a depression (page 229).
The table of contents — plus sample pages — are available here at Amazon.
Hard copies are available online and in bookstores.
Plus, you can download the book instantly for the Kindle and for the Nook.
Four best debt consolidation moves
You may be considering debt consolidation if you have accumulated a significant amount of debt and cannot afford to make the payments. Having huge amount of credit card debts with high interest rates can sometimes be very expensive and confusing. Consolidating them into a single monthly payment can create a streamlined process of repayment. There are several options of consolidating your debt. Have a look at the four best debt consolidation moves that you can take to successfully pay off your debts.
- Take a HELOC: A home equity line of credit (HELOC) is a loan taken against the amount of equity in your home. If you have built enough equity in your home, you can easily consolidate your debts by taking a loan against your home value. Your house will be used as a collateral and consider using this option as debt consolidation only if you think that you can make the payments on time. If you fail to pay on time, you may run the risk of losing your home to foreclosure. You can enjoy lower interest rate than on credit cards. The interest rate and some fees associated with HELOC will be tax deductible.
- Do “cash-out” refinancing: This can be considered another best way of debt consolidation. You can opt for “cash-out” refinancing. If you have enough equity in your home, than you can refinance your home for a value more than what you owe on your mortgage. This will help you access easy cash, which can be utilized to pay off debts. You get very low interest rates but make sure that you will be stretching your payments to over 15 or 30 years. This may increase the actual amount you are paying back due to the added interest rates over the term of the loan.
- Get your car loan refinanced: If you paying huge amounts on your car loan, then go for a car refinance. By refinancing your car loan, you can save the extra dollars every year. This money can be used to pay off your debts comfortably.
- Obtain personal loans: A personal loan can also be obtained to consolidate your debts. If you do not have enough equity in your home and if you do not qualify for a HELOC, then you can get personal debt consolidation loans. Such loans will offer you low interest rates than the outrageous rates of credit cards. Such personal loans are most often-unsecured debt.
Thus, there are different ways of consolidating your debts and paying them off. Consider the four best debt consolidation moves mentioned above before deciding to consolidate your debts.
Author bio: Neil R Williams is a financial consultant and writer. His niche of articles comprises some core financial subjects, such as debt consolidation, debt settlement, credit repair, credit counseling and so on. He also consults people in financial jeopardy.
Elliott Wave International’s Understanding the Fed eBook is now available
Dear reader,
My friends at Elliott Wave International have just released a free 34-page eBook, Understanding the Fed. It’s the free report the Federal Reserve doesn’t want you to read!
This eye-opening free report, which represents more than 10 years of research by Robert Prechter, goes beyond the Fed’s history and government mandate; it digs into the Fed’s real motivations for being the United States’ “lender of last resort.” In this 34-page report, you’ll discover how the Fed’s actions, combined with public outrage, may ultimately lead to its demise, plus much more about its secret activities and how it affects your money.
Download your free copy of EWI’s Understanding the Fed eBook, here.
Warmest regards,
Alan
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About the Publisher, Elliott Wave International
Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the world’s largest market forecasting firm. Its staff of full-time analysts provides 24-hour-a-day market analysis to institutional and private investors around the world.
