If you are wealthy enough, use part or all of your Social Security proceeds to invest in a favorite cause or two. Invest 10 percent or 100 percent of your monthly Social Security check in your favorite charity, foundation, think tank, church or synagogue, or other good cause.
Mark Skousen Quotes
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I have on my bookshelf a series of books with opposite titles: ‘The Alpha Strategy’ and the ‘Omega Strategy’; ‘Asia Rising’ and ‘Asia Falling’; ‘Free to Choose’ and ‘Free to Lose’; ‘How to Win Friends and Influence People’ and ‘How to Lose Friends and Alienate People.’ Visitors love the collection.
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Fraud is common when you give away billions. Fraud related to Hurricane Katrina spending is estimated to top $2 billion. In addition, debit cards provided to hurricane victims were used to pay for Caribbean vacations, NFL tickets, Dom Perignon champagne, ‘Girls Gone Wild’ videos, and at least one sex change operation.
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Bill Gates and Warren Buffett have their ‘Giving Pledge,’ where billionaires promise to give away the majority of their wealth when they die. My Social Security Pledge is better – to give money to good causes when you are alive. Besides, more Americans can participate.
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Back in 1960, the paper dollar and the silver dollar both were the same value. They circulated next to each other. Today? The paper dollar has lost 95% of its value, while the silver dollar is worth $34, and produced a 2-3 times rise in real value. Since we left the gold standard in 1971, both gold and silver have become superior inflation hedges.
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All workers, whether they are employed in the private or public sector, should avoid living ‘paycheck to paycheck.’ Studies show that every household wastes 10% or more of its salary or income on unnecessary expenditures or by not taking the time to shop for better prices. It’s all a matter of proper budgeting.
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The media simply does not understand Econ 101.
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Birth: | 1947 |
Nationality: | American |
Profession: | Analyst, Author, Economist, Editor, Professor |
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Today's Anniversary - 29th May
Births
- 1932 - Paul R. Ehrlich
- 1957 - Mohsen Makhmalbaf
- 1910 - Adolfo Lopez Mateos
- 1975 - Melanie Brown
- 1736 - Patrick Henry
Deaths
- 2004 - Samuel Dash
- 2004 - Sam Dash
- 1979 - Mary Pickford
- 1911 - William Gilbert
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