Monetary Literacy & Mastery Foundation

Everyone talks about making money but not enough people talk about protecting it. It's harder to make money but very easy to blow everything away if not careful.

How do you manage risk when investing or making financial decisions, and what strategies have worked best for you?

There are still some people who are yet to trust cryptocurrency which is why they haven't diversified to that as an investment. They see cryptocurrency as scam which is why they refuse to buy any cryptocurrency/coin.

If you have invested in cryptocurrency, when did you make your first purchase? Which coin did you buy?

I've been on the fence about investing in cryptocurrency, I already have $3 worth of Ethereum that I got from a survey website, I didn't pay money for it I spent my time taking surveys and doing tasks. Bitcoin is obviously worth way more than Ethereum and is the oldest crypto. My question for the community, is it really worth trying to invest in crypto and is it similar to to investing in gold or should I completely ignore crypto and just hold on to the little crypto I have.

Creating a personal budget is one of the easiest ways to manage your money. When you have a budget, spending, saving, and investing becomes easy. I don't create a personal budget on a regular basis but sometimes i do, especially when the money is tight.

Do you create a personal budget to manage your income and track expenses? is it weekly budget or monthly budget.

Zang International with Lynette Zang

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Lynette Zang is an economist that has been involved in the markets at some level since 1964, as a student, banker, stockbroker and precious metals and currency analyst. She has been studying currency lifecycles since 1987 and discovered similar social, economic, and financial patterns that occur throughout the stages of a currency’s lifetime. She believes that recognizing these patterns enables people to see what’s coming and make well-informed choices that put their best interest first. Together, Lynette, her team of experts and special guests share how to best prepare for economic uncertainty. Focus will be in the areas of Lynette’s mantra and how to be equipped in the key areas of Food, Water, Energy, Security, Wealth Preservation, Barterability, Shelter and last, but certainly not least, Community. This channel is dedicated to supporting sound money globally and building a community that connects us worldwide.

Financial education is one of the most important knowledge everyone should acquire. It's an education which gives people a better chance to succeed.

The question I'm confused about now is whether only it is enough to create equal opportunities for everyone?

I’m curious where people stand on this. Should governments redistribute wealth to reduce inequality or should individuals keep what they earn?

Personally, I think some support is necessary because the rich keep getting richer while the poor suffer and struggle so much.

The real question is where should the line be drawn if government decides to redistribute wealth?

If money represents the fruits of human labor, should anyone
possess the power to create it without first producing something
of equal value?

Transactional Gold

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Transactional gold and silver legislation should allow any citizen, business, or legal entity to utilize an official Bullion Depository to buy, sell, or store their own gold and silver.

By using existing debit card technology, users can seamlessly make everyday purchases or pay bills with gold or silver. 

Participation is optional. It is just another safe, secure way to pay!

There have been so many different opinions on if truly money can buy happiness or make someone truly happy.

If you ask me, money can literally buy everything that can make someone happy much can be bought. It depends on what or where someone's happiness is.

Can money buy you happiness?

The thing about someone's finance is that when they're doing well, it's very obvious because they don't need to ask. The same thing is applicable when they are not doing well.

Looking at your finances now, what do you think it's going to be like in the next 10 to 20 years?

I think the obvious answer would be yes since we're all slaves to the system, but of course companies don't want to lose money so they aren't going to give their employees a reasonable raise even when the cost of living continues to increase. I think it's fair to give out bigger raises to people willing to put more effort into their work, but at the same time depending on the job the people putting more effort will eventually get tired and start slacking off once they realize they're just a slave.

Which one do you think is better between saving and investing money today? There's risk associated with either saving money or investing in a project but which one do you think is a lot better to choose?

With everything being digital I'm assuming people might not write out checks anymore, but you'd be surprised how many people still pay their credit card bills via check. I've also noticed that with companies like Care Credit, they either want you to assign a checking account to your account or you have to send them checks in the mail, there's no option to just use a debit card to pay off the loan. Do you still write checks?

Do you invest on a regular basis like using certain percent of your income to buy assets? Or do you invest only when you have managed to build investment funds? What is your favorite investment strategy, investing from your monthly income or investing by building savings?

As of right now, the U.S. national debt sits at 39 trillion (yes, trillion) dollars... how did we even get here? I don't think there's any realistic plan to actually pay this debt back at all. I think the strategy is just to keep inflating the currency so the debt becomes worthless over time.

Does anyone think there's actually an exit strategy here or are they just kicking the can down the road forever?

As someone who has lived most of their life working for just slightly above minimum wage, I don't believe raising minimum wage helps anyone in real world terms. First, you have those who are working at minimum wage. Lets say they go up from $20 to $30 an hour. The benefits of that increase are modest at first but only at first. If you haven't been laid off, prices due to inflation quickly eat away at those gains, not to mention the obvious increase in prices due to paying employees more. After a year, you are back to where you started.

Those above minimum wage are harmed even more if their wages don't go up by the same amount. Typically wages don't go up as fast as minimum wage so in that scenario where it goes from $20-$30, someone who made $35 an hour is now much closer to minimum wage which makes them worse off than they were before even though they are making the same amount. So you have those at minimum wage who are no better off in the end, those above minimum wage that adjust in tandem with the rise who are no better off in the end, and those above minimum wage who do not get a raise to match the minimum wage increase that are actually worse off.

Instead of asking for higher wages, people should be asking for the degradation of their currency to stop and maintain the value it had when they earned it. People who want a raise should be asking for an increase in purchasing power, not an ever increasing numerical amount that will always be outstripped by currency debasement(meaning your purchasing power is lower despite making a higher number) in which the value can never be recovered.

Something I learned today by watching a Youtube video unrelated to financial topics is that there's a few states that don't have sales tax. I don't live in any of the states that don't have sales tax though. The states are Oregon, Alaska, Delaware, Montana, and New Hampshire. I've thought about moving to Oregon in the past too, but I'm sure the cost of living is way too high up there. Heck I even thought about wanting to live in Alaska as a kid lol. I'm glad Alaska doesn't have sales tax because it's already expensive to import goods into the state. Do you believe that other states should also eliminate the sales tax?

After reading that other article about how bad it would be to audit Fort Knox and find the gold missing, do you think it's still in there? There's been no thorough audit since the 1950s. POLL TIME!

Personal thoughts here: many of our economic and societal problems stem from the distortion of money itself. Currency represents one half of every economic transaction, and when it is manipulated, the consequences extend far beyond wages failing to keep pace with inflation. It distorts incentives, misallocates resources, and creates conditions in which fraud and corruption can spread throughout virtually every sector of society.

Priced in Gold

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This site shows you the price of fiat currencies, crypto currencies, stock markets, food, real estate, etc in gold terms.

What actually happens to you if you don't pay the interest fees that are tacked on to your credit card and other loans? Do the banks continue to harass you or does it just cost you your credit score to plummet? I'm curious because I'm currently paying off a Care Credit bill, and despite the fact that I do work in a bank I work in processing and I'm still learning about financial topics since public schools don't do a good job teaching students about the truth.

I've had this conversation multiple times with friends and family, everyone is always on the fence about it. What do you think, should credit scores be eliminated? Are they more beneficial to have than to not have?

Many people argue that credit scores hold historical bias, that the system is not transparent and prevents people from obtaining necessities like housing or employment. Many countries don't have such a system, so why do we?

Pirate Money Radio

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Your money is a tool, and our goal on Pirate Money Radio is to help you use it to preserve liberty, security, and values. You can only do three things with your money: give it, spend it, and invest it. This program aims to inform and provide economic solutions to listeners, emphasizing the importance of being faithful with money, which includes giving, spending, and investing based on liberty ...

Ask me anything related to the forum topic or off-topic. I don't know everything but I will answer with what I do know! 😄