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www.feedthepig.org Over the past several decades, Americans 25–34 years old experienced significant declines in net worth while increasing their debt. For every dollar worth of assets owned, this group carries 70 cents worth of debt. The Feed the Pig campaign aims to reverse this trend by empowering younger Americans to take charge of their personal finances by living within their means and saving for long-term financial security. Statistics demonstrate that this group’s financial behaviors, while less established, tend toward debt accumulation, and this is happening during a period of milestone events such as getting married, having children and caring for aging parents. But there is hope more working time before retirement means that their current financial decisions have a greater impact (positive or negative) on their long-term financial security.
Mark Boyer from Foundation Financial Group discusses the record breaking lows for mortgage rates and the opportunities that are available with these record breaking lows. While the entire country is recovering from the economic and mortgage crisis, home affordability is the best it has ever been. These extremely low mortgage rates could mean it is now the perfect time to become a home owner or to refinance your home.
In this short tutorial I list the 8 different types of Financial Accounting elements which are 1) Assets 2) Liabilities 3) Equity 4) Revenues 5) Expenses 6) Gains 7) Losses Other Comprehensive Income I talk about how the financial elements are ALWAYS affected by accounting transactions whether it may be issuing stock, buying cars, paying employees etc. The next tutorial will define each and list sub category accounts!
Founder of Sons of Liberty Academy, Chris Duane, sits down with Josh Tolley to discuss Chris’ view that we will have a world wide financial collapse by fall of 2012. This is based on Chris’ most important article to date!
Louis talks about the recession, the fucked economy, and hiding money in a safe. The boys also discuss the fragile state of US debt and transient nature of American wealth. Louis later mentions the episode “The Giant Pool of Money” from This American Life on NPR, which you can listen to here: www.thisamericanlife.org Part 2 of 3.