Post From The Retirement Manifesto
The Ten Commandments Of Personal Finance
Is it possible that there are some basic principles upon which your personal finance journey should be built? It turns out there are. I’ll warn you in advance – you may not like some of them.
Just as THE Ten Commandments guide us away from our personal nature which is sometimes tempted to do things which seem fun at the time, but lead to long term harm, these “Personal Finance Commandments” can guide you away from doing things which will bring harm to your long term financial goals.
In full transparency, I didn’t come up with the original list. That honor goes to this article from MoneyStepper, which I just read tonight. I liked the concept and the guidelines presented so much, I’ve decided to build on the original article with original thoughts of my own, including the “10 Commandments” title.
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Notes From The Field By Simon Black
September 27, 2018 Bahia Beach, Puerto Rico
Look at how well gold has retained its value from 1,000 years ago
On October 12, 929, roughly 1100 years ago, Abd-ar Rahman III of the Umayyad Dynasty was proclaimed ruler of Cordoba-- the Islamic kingdom that comprised most of Spain at the time.
Rahman was just 21 when he ascended to power, and he remained there for nearly 50 years as one of the wealthiest and most powerful monarchs in Europe.
Historians Denis Cardonne and Edward Gibbon calculate his annual tax revenue at approximately 12 million gold dinars… which was a LOT.
The dinar contained 4.25 grams of gold, so 12 million of them would be worth about $2 billion today.
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Part 2:
Now this recording between me and Delta, is when I called him and said “Did you see that article that Don961 put up?” He said “Yes I did.” “Um, that’s what Walkingstick was talking to me about. But I didn’t think it was going to come out this early. But, they’re basically asking for article number 2!” And he said “Yes. Yes I know. I noticed that.”
Please enjoy Family. Hold on a second. Maybe not… ahhhhh… Lord, it’s hard to do things….
Starting the recording:
FRANK “Manny can you hear me?”
DELTA “Yes.”
FRANK “Hey buddy! How ya doin’?”
DELTA “I’m good. I’m good. I’m at my work. I have a short break. I had to call you back.”
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Thank you Sunkissed
KTFA:
FAMILY HERE ARE THE "DESSERT" NOTES FROM WEDNESDAY'S CC 09-26-2018.... PLEASE THANK SUNKISSED FOR TRANSCRIBING THEM AND FRANK FOR ALLOWING THEM TO BE RELEASED HERE ON THE FORUM
Frank: Greetings Family! Welcome to another one of your Wednesday, Conference Calls with us. It’s good to be with you.
I say a prayer to our Heavenly Father, to protect us with our Conference Call tonight.
In the Name of our Savior’s in Jesus Christ, by the Holy Spirit, I pray to our Heavenly Father. Amen.
Dinar information begins at 43:24 minute mark
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