Tuesday, August 11, 2009

What is United States Currency Going to be Worth 10 years From Now?

They say that money is one of the hardest things to get and one of the easiest things to get rid of. Have you ever heard that expression? This is one saying that has held true for years. Money can’t buy you love, but it sure helps to have it when you need it. Wouldn’t it be great to never have to worry about money again? To be able to do what you want when you want, how you want, whenever you want? The old expression “watch your pennies and the dollars will take care of their selves” doesn’t have as much meaning today that it had 40 years ago. Now the copper a penny is made out of is worth more than the penny it’s self! Soon the penny probably won’t even be part of the US currency.

The government is printing out so much money these days that the dollar isn’t going to be worth nearly as much if this doesn’t get under control. Our currency isn’t even backed by gold anymore; it’s backed by notes or IOU’s. I don’t know what kind of affect this will have for the next generation, but it isn’t going to be an easy thing for them to get out of. Where is the government going to get the money to pay off all the debt the United States has accumulated? Where will they find the money to pay off the National Deficit? In my opinion, the next generation is going to have one hell of a time straightening this mess out. With the government printing out all this new currency, does that mean that a loaf of bread 10 years from now will cost $100.00? Will the minimum wage be $60.00/hour? Who knows what’s in store for the United States if we keep going the way we are.

I suggest that everyone finds some kind of secondary income to help you down the road!

Thursday, August 6, 2009

How Much Money Is Enough?

The question of how much money is enough arises all the time. You think about the millionaires and billionaires like Bill Gates, Warren Buffet and Donald Trump and think to yourself how could you possibly need all that money? How much is enough is based on the individual. To some people, money is all that matters to them. To other people, they could care less about how much money they have. Living pay check to pay check is no big thing.

I for one am happy the way things are. To me being happy with your self and the people you are with is the most important. Don't get me wrong, I would love to have millions rolling in, but that hasn't happened to me and it's okay. I keep plugging away at my life and try to stay happy. Everyone has their down days, but if you have more up days then down, life should be good.

I am a firm believer in trying to make money online and to be able to work from home. If it can eventually get me out from working for someone, I would love... it. It hasn't happened yet but I will keep trying. I suggest to who ever reads this that you keep trying to. Try to save for a rainy day and your golden years as much as possible. You will feel better about yourself if you start to build up your net worth. Trust me, I know! The more money you start saving the more secure you will feel. If you have some money to fall back on in case of a emergency, the less stress you will have. Stress is not good for anyone!! I will keep working on my online business and I suggest that you start one also. or something that interests you.

Take Care,

Gary Kohnke