Whether you may rent out your home in Winona, Minn. is now up to the government. You need to buy a permit. But that’s not all. Permits are rationed based on a completely arbitrary percentage. It all depends on when you tried to get a permit and whether you happen to live on a block where other homeowners have already gotten one. The local government grants only …
By Franklin Sanders, www.the-moneychanger.com “On 25 February 1791 President George Washington signed a bill chartering the first Bank of the United States. Y’all look at that. The ink wasn’t dry on the Constitution before those banks sneaked in there & tried to take a stranglehold on the whole country. Everybody was worrying about standing armies …
The more things change, the more they stay the same Read More »
Many of our PAPER SOURCE subscribers do “Lonnie deals” (named after Lonnie Scruggs who pioneered the concept) — they buy used mobile homes at a discount for cash and sell them to owner-occupants at higher prices on easy terms. If you do Lonnie deals, or plan to, you need to know that the Dodd-Frank regulations …
70 million customers of Target stores had their credit information stolen last year. Now Target is offering free credit monitoring and ID theft protection for one year, and YOU DO NOT HAVE TO BE A TARGET CUSTOMER TO RECEIVE IT. Click here for info: https://corporate.target.com/discover/article/free-credit-monitoring-and-identity-theft-protecti
by Tom Henderson From the PAPER SOURCE JOURNAL click here for article: hendersonpt1
Source: http://www.lewrockwell.com/2014/01/bill-sardi/teach-your-kids-to-be-rich/ By Bill Sardi “In case no one told you, social media is a lure where the masses contribute their content (photos, articles, books) for free to websites that the websites then use to drive web traffic that produces click fees and advertising fees. Those who participate are just pawns in the online game. I know no one whose fortunes have risen by participation in Facebook or LinkedIn.” I don’t really like the above title (“Teach Your Kids To Be Rich”) because it speaks of materialism over finding a purpose in life. There will be those young people who set out, for example, to serve God as a missionary and don’t ever think of becoming rich except with “God’s riches.” (For those who are confused on this issue, the Bible teaches the love of money, not money itself, is the root of all evil.) Young people will handle money and it will flitter through their hands if they don’t manage it well. And their dreams of serving God will be very limited if they don’t learn lessons about how to build and retain wealth. An article in the Wall Street Journal [http://online.wsj.com/news/articles/SB10001424052702303754404579310540024048118] asks how you will teach your kids to be rich, to retain wealth if your family already has it? Wealthy parents fear their fortunes may be squandered by their children who aren’t money savvy yet. A kid who inherits wealth is obviously far different than a selfmade man. The WSJ article cites surveys that say 51-57% of parents don’t think their kids will be ready to handle being rich till they are 25-34 years of age. The author of the WSJ report recognizes kids have to mature emotionally and brainwise because handling money involves abstract concepts such as inflation, purchasing power, yield, profit margin. Those concepts are not taught in school. But the WSJ article makes no mention of those terms. Its author suggests kids learn about money by playing board games (Game of Life, Pay Day by Hasbro). But the problem here is that kids are going to get the childish idea that the financial world plays by the rules. In the real world, that is far from the truth. I think if you are trying to teach your kids anything about money it is that there is a lot of sleight of hand going on. Work ethic versus lifestyle by credit card The WSJ article mentions a work ethic in passing, but then suggests kids need to learn social media too. (Huh?) In case no one told you, social media is a lure where the masses contribute their content (photos, articles, books) for free to websites that the websites then use to drive web traffic that produces click fees and advertising fees. Those who participate are just pawns in the online game. I know no one whose fortunes have risen by participation in Facebook or LinkedIn. Online schemes versus real businesses I think the lure of the internet and the getrich schemes online are as deceiving as 1lb box of chocolates which a naïve child believes can only add a pound to your weight. I just heard of a young man who pays others in India (~$200) to write a short book on a topic. The book is just a compilation of gibberish that adds nothing new to knowledge. He has done this a couple hundred times and offers these books under his own pen name at Amazon.com. He makes $50150 a month off each title. That is how kids are learning how to make money today. Daytrading stocks is another example. These are schemes, not businesses. Day trading is gambling, not …
By Tomas Camacho, www.brightideascomputing.com If you have a small to medium business, including a home office, and you have a multi-function printer/scanner/fax in your business that happens to incorporate certain technology, then YOU could become the target of a patent violation lawsuit filed by one of these patent trolls. Here’s how they work… First, someone …
My friend Franklin Sanders is always well-worth reading. Here’s his latest (www.the-moneychanger.com): Two centuries ago an English chief justice lamented that a corporation had “no body to kick and no soul to damn,” which pretty well puts them beyond the reach of justice. Good thing he’s dead — he’d choke sure enough if he saw …
Ric Thom is one of the leading authorities in seller carryback real estate contracts. He owns Security Escrow in Albuquerque, New Mexico. He has served as a director and the president of Valencia County Board of Realtors. He also served as a director of the Albuquerque Board of Realtors as well as a director of …
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