Rabbi Evan Moffic discusses one of his favorite passages from Ecclesiastes and the 5 things it teaches us about managing risk. Risk is everywhere in life, even when it’s minimal. As people, it’s important to think long term, because what we’re doing right now determines our future. We should look to create multiple streams of income to prepare us for whatever eventualities come our way, as well as focus on small, consistent, patient actions to get us where we want to go.
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Jason Hartman hosts Rob Bell, one of TIME’s 100 Most Influential People in 2011 and author of Love Wins. Together they talk about entrepreneurship from
In case you missed the recent “Predictions for 2011 and Beyond” conference call hosted by Jason Hartman and Empowered Investor Network, one of the primary topics covered was the fatal flaw made by many investors who assume a dollar is always a dollar. This basic economic fallacy can kill your portfolio, and leave you with much less money in your retirement years than you had hoped.
* By the way, you can buy the ebook containing all the information from the conference call at THIS LINK. The $197 price includes a private 30 minute consultation with Jason Hartman.
But back to the dollar. The critical concept to understand is that a dollar today is not worth the same as a dollar one year from today, or even ten years from today. The real value of a dollar, expressed in terms of what you can actually buy with it, continually erodes over time. The reason for this is, of course, inflation, which has been a constant factor in our economy in a major way since President Nixon took the country off the gold standard in the early 1970’s, and granted the Federal Reserve de facto permission to create money out of thin air.
If ever there was a ruler in history who appeared to have taken God’s favor and put it to use amassing an incredible fortune, it was King Solomon. In his spare time, he did a little writing which you might have heard of also – the book of Proverbs, in the Bible. But did the good king simply run around watching everything he touched turn to gold? No, he didn’t. God’s plan was humming along nicely in the background, exhibited by the following attributes.
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