Wealthy Future Blog by Paul Ferraresi » Miscellaneous http://www.wealthyfutureblog.com Put Wealth Into Your Hands Thu, 24 Dec 2009 05:37:19 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 California’s Meltdown: A Foreshadowing of Our National Fate http://www.wealthyfutureblog.com/2009/11/16/californias-meltdown-a-foreshadowing-of-our-national-fate/ http://www.wealthyfutureblog.com/2009/11/16/californias-meltdown-a-foreshadowing-of-our-national-fate/#comments Mon, 16 Nov 2009 07:44:57 +0000 andy http://www.wealthyfutureblog.com/?p=59 What will happen if the recommended policies of the Obama administration are instituted?

California’s crisis is a predictor. The state has one of the highest income tax rates, many of its cities have the highest unemployment rates in the nation, and many entrepreneurs are fleeing the state in search of business-friendly states.

If the government doesn’t stop its excessive spending it will have to raise revenues. This means that your money will never be worth more than it is now, and that you’re in the lowest tax bracket you’ll ever be in.

Right now the economy is running on the artificial high of the stimulus packages. These are like caffeine and energy drinks — they’ve bumped up the economy but there will be an inevitable crash.

We’ve got to start nourishing the economy correctly with a healthy diet of entrepreneurship, lower taxes, decreased regulation, and fiscal responsibility.

Listen to this week’s Missed Fortune Radio episode that talks about this.

]]> http://www.wealthyfutureblog.com/2009/11/16/californias-meltdown-a-foreshadowing-of-our-national-fate/feed/ 0 Home Equity has a Zero Rate of Return http://www.wealthyfutureblog.com/2009/04/14/home-equity-has-a-zero-rate-of-return/ http://www.wealthyfutureblog.com/2009/04/14/home-equity-has-a-zero-rate-of-return/#comments Wed, 15 Apr 2009 01:14:32 +0000 andy http://www.wealthyfutureblog.com/?p=19 For over 35 years I have been a Financial Strategist and Retirement Specialist. I have educated my clients and students as to why the equity in a home has a zero rate of return. As of this writing, with many home values down, many people now “think” that they understand this concept. I am not talking about the loss of the money trapped in your home. Rather, I am trying to explain that home equity is really lazy, idle dollars earning a zero rate of return.

Watch this 5 minute and 32 second video as Doug Andrew graphically portrays the subject using the “pitcher and goblet.”

Once I present this visual to my clients they “get it” and never leave equity in their homes ever again.

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