As I mentioned earlier, my goal this year is to pool capital.  I want to hoard cash and use it to take advantage of future investment opportunities that I think will arise in the near future due to economic instability and volatility.  You need cash to buy distressed assets, so that is what we will work towards this year.
I’m going to issue a challenge to the readers here to do the same.  The challenge is to either put away $10,000 or $20,000 depending on your income.  Let’s say you make …

One year ago we were starting 2010.  Did you have goals or things you wanted to accomplish?  How did it turn out?  Hopefully, the results are encouraging and not discouraging.
Regardless, 2011 is underway and it is a new year.  Where do you want to be a year from now?
I’ll tell you one thing, nothing is automatic and nothing is easy.  If you want to get to a certain place this year, you’re going to have to work for it.
Times are tough which means nothing is easy.  The good thing is …

In 2011, the fiscal situation and the deficit issue should come to the main stage.  Unfortunately, the main stage is typically one of lip service not of practical and necessary action.
This coming year will be more of the same.  Politicians will promise dedication towards resolving the fiscal issues with the United State of America.  They will promise a reduction of deficit with zero pain inflicted on us the masses.  We will put forward cuts, but no cuts of course that will impact any of us.  They’ll promise the impossible and …

What is your income number for achieving the freedom and flexibility you want? Think big here. I’m talking total freedom. Freedom from a 9-5 job. Freedom from slaving for retirement savings. Freedom of location.

Gold continues to run, with a big 2010 and the 10th consecutive annual gain – amazing when you consider the stock market over the last 10 years.  So, gold is over $1400 to start the year.  Where will it be at the end of the year?  It could be at $2000 or it could be $1000 but I think it will outpace the stock market in either situation.  Stocks are continuously losing value with regards to gold over the long term.  This is the key.  Look at the Dow priced …

If you look at the stock market since early 2009, you would probably think things are pretty good.  If you start to look under the covers a bit, you might start being concerned.  If you start reading the data and seeing the numbers, you might start getting freaked out.
The reality is that despite a higher stock market, there’s still been some serious uncertainty – i.e. the May “Flash Crash” where the Dow tumbled nearly a thousand points in minutes – and there is reason to wonder what lies ahead.
There are …