- May 7, 2011
- 3,444
- 1,961
How about this?
Save $60 a paycheck. You could net this simply by adjusting one's W-4 tax form.
$30 for liquid savings.
$30 for one silver dollar or round.
Over time this becomes:
$60 cash per month
2 ounces in silver per month.
$720 a year in cash.
24 ounces in silver.
If we desired more liquid cash and less hard money, we could do:
$90 cash per month.
1 ounce in silver per month.
In a year this accrues to:
$1080 in cash per year.
12 ounces in silver.
The silver acts as a counterbalance to offset the loss in purchasing power of FRNs.
FRNs are a wasting asset; therefore, we want to put the dollars towards the most effective use. Using some of those dollars for elimination of debt financed at 12%+ in interest is a smart move.
We could also look into credit cards with regard to using them as financial tools to reduce liabilities and boost income.
BE CAREFUL with the last sentence I suggested.
This could all be the beginnings of a simplified personal financial strategy.
1) Maximize take home pay.
2) Retained liquidity (cash money saved).
3) Acquire hard money.
4) Create/maintain budget for managing monthly expenses.
Save $60 a paycheck. You could net this simply by adjusting one's W-4 tax form.
$30 for liquid savings.
$30 for one silver dollar or round.
Over time this becomes:
$60 cash per month
2 ounces in silver per month.
$720 a year in cash.
24 ounces in silver.
If we desired more liquid cash and less hard money, we could do:
$90 cash per month.
1 ounce in silver per month.
In a year this accrues to:
$1080 in cash per year.
12 ounces in silver.
The silver acts as a counterbalance to offset the loss in purchasing power of FRNs.
FRNs are a wasting asset; therefore, we want to put the dollars towards the most effective use. Using some of those dollars for elimination of debt financed at 12%+ in interest is a smart move.
We could also look into credit cards with regard to using them as financial tools to reduce liabilities and boost income.
BE CAREFUL with the last sentence I suggested.
This could all be the beginnings of a simplified personal financial strategy.
1) Maximize take home pay.
2) Retained liquidity (cash money saved).
3) Acquire hard money.
4) Create/maintain budget for managing monthly expenses.
..but your business sense is great.
