Posted March 24, 2009 - 08:15 by Philip Brewer
Personal Finance
Stagflation, the bane of the 1970s, is pretty much the worst situation for ordinary folks. With the economy depressed, jobs are scarce for workers and profits are scarce for business owners. With entrenched inflation, everyone's savings are constantly eroding. The result is that nowhere is safe for your money: not cash, not your business, not the market. With the latest moves by the Fed, I fear we're facing a repeat--only it'll be worse this time: stag-hyperinflation.
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Posted February 15, 2009 - 14:18 by Jabulani Leffall
Personal Finance
Our spending and money management choices may be influenced by factors we can't control in our own minds as well as factors we couldn't control growing up. You may ask, to what are you referring Willis? Well the question is this: How would Arnold Jackson have faired in his personal finances if not for Phil Drummond or would he have been fine?
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Posted January 8, 2009 - 09:33 by Thursday Bram
Frugal Living
During the Great Depression, simple frugality was the only way to get by. There was a saying that everyone lived by: "Use it up, wear it out, make it do or do without." There's a lot we can learn about frugality just by looking at how folks managed during the Great Depression — and those old-fashioned ways are starting to come in handy again as we all face this financial crisis.
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Posted October 31, 2008 - 09:08 by Julie Rains
Frugal Living, Making Extra Cash
My parents and my husband’s parents were children during the Great Depression. Mine lived in large cities; my in-laws, small towns. Their families started this era from neither a position of wealth nor desperation; just to add perspective, though, I’ll mention that their parents wouldn’t have considered lack of indoor plumbing a sign of poverty, at least in their early years. Here are the basics of how they managed to survive using tactics that are still viable today.
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