Month End: June Snapshot

Becoming debt free is a journey, and not just a destination. In my opinion if you’re in the middle class you will constantly battle with debt. Is debt necessary? Not necessarily. Look at the poor and the rich. The poor doesn’t have the means to have debt, and the rich know how to make debt work for them. With this struggle comes an opportunity to trust God more and communicate ever more with your companion. Communication both above and with the one you trust can not only bring comfort, but also growth towards a debt free me. As the wedding date gets closer, I realize that the balance on the Barclay’s card is going to fluctuate up and down. If the balances on all the other debts goes down, then that is still progress. You must find moments of encouragement and understand you are making progress to debt freedom.

I’ve continued to follow my process, and I’d be glad to share my process with you in the contact me section. I believe if you follow the process not only will you have an increase in your savings, and still reduce your debt. The order is very important, and you must follow the process in order. This month I’ve continued to save, but also my fiancé and I have continued to grow our business. We were able to sell one of our products. I encourage you to not just pay down debts, but also acquire assets and increase income. The mistake I made was paying down debt and not increasing income. If not used properly, you lose one of your most valuable assets, which is time.

“Committed and persistent work pays off; get-rich-quick schemes are ripoffs.”

Proverbs 28:20 MSG‬‬‬‬.

My mindset has also found validation through the Slight Edge by Jeff Olson. Below is a YouTube link to an animated book review:

Have someone to discuss your debt reduction strategy with, and if you need a financial check-up contact me.

The rich ruleth over the poor, and the borrower is servant to the lender.

I believe in your journey to….

A Debt Free Me


June 28, 2016

Building up your savings isn’t easy. After all, a whopping 62% of Americans have under $1,000 in savings, found a GoBankingRates survey. And, only 14% have $10,000 or more. The author of this article suggests having $10,000 set aside in savings for major life events such as home improvement, losing a job, and or if you get into an accident. Understandably this amount seems daunting. There are nine steps to follow to build this amount: assess your spending, set reasonable goals, make a budget, track everything and pay with cash, pay yourself like a bill, open an inconvenient but high yield savings account, put any unexpected money into savings, don’t pay off that credit card debt, and reward yourself. For the sake of convenience, I encourage you to take the time to read this article, and instead I’ll share with you what I do. I follow a four step process which mirrors these steps. I’ll be glad to share it with you when you contact me. It’s important to build a budget because it will help you assess how much you’re spending, and allow you to set reasonable goals. Keep your receipts, and track it even if you have to write it down. I personally use a spreadsheet I’ve built over 5 years that helps me easily forecast where I will be up to 13 months from now. There is a process I follow where I not only pay myself like a bill and take advantage of a high yield savings account, but I also multiply my savings by turning myself into a bank. I highly recommend that whatever extra money you have you don’t spend but set aside. I did find the eighth step of not paying off the credit card interesting. The author writes: But many financial experts say that the strictly logical approach of paying off the credit card debt before saving money might backfire and that you should shoot for doing both simultaneously. Another approach is to pay off the high-interest credit card debt first and then put that minimum payment money toward your savings, said Gallegos. “When you pay off a credit card with a $50 monthly payment, increase your savings by that $50,” he said. It’s like you gave yourself a raise. The final step of rewarding yourself is essential, because you’re changing your behavior and learning that spending is easy and savings is hard. That’s why getting a reward every once in a while is important to keep you going, said R. Joseph Ritter Jr., CFP and founder of Zacchaeus Financial Counseling, Inc. If everything is going as planned, you should reward yourself every six months or so, he said. It’s challenging going from an instant gratification lifestyle to a seed time and harvest lifestyle. You’re not in this process alone, there are a few out there like you who are delaying present pleasure for a future reward. You’re letting your old self die in order to take up a new life. When you make this choice, I believe you will be blessed to become a blessing to someone else. At the end of the blog, I’ve included a YouTube link to an episode of Disney’s DuckTales in which Scrooge McDuck tells the story of how he came to America.

What would you do if your boss fired you overnight? With no more paychecks coming in, how would you pay the bills, put a roof over your head, and feed your family? I know what I would do: nothing. Because I have several bosses, including myself. When you have multiple income streams, losing one is not that big a deal. Often people will say that they can’t do more because of their full time jobs and other personal commitments, however the author suggests trying to build at least one additional stream of income. Some examples are: dividends from stocks, interest from the bank (preferably at least 1% interest), rental income from an investment property, freelance income, income from a room you rent from Airbnb or from renting your car on Turo, marketing your skills, a business you start on the side, etc. The author argues when it comes to investing you don’t put all your eggs in one basket, therefore by relying solely on employment income, you take that same risk. You open yourself up to the risk of losing everything through a lack of income diversification. If you lose your job, how will you pay for your living expenses? Having several income streams makes you much stronger in case of a layoff. The author even gives examples from her own life: rent from three tenants, renting a guest house via Airbnb, cooking for guests, trading forex, dividends, owning three personal finance sites, freelance writing, translation jobs, renting out my car and motorcycle, bank interest, and P2P lending. The author suggests that a person build passive streams of income, however the author explains that building passive income takes a lot of work and time to accomplish. However, with multiple streams of income you can slowly build your retirement fund. The author suggests spending much less than you earn and that can be done in two ways: by decreasing your expenses or increasing your income. The author gives an example of how to decrease your expenses, and I suggest you contact me to learn about how to create a budget. Instead of looking at how to decrease expenses, I’m going to use her brief example of increasing your income: But if you can find one client, willing to pay you $50 per week for a two hour lesson (what worked for me was tutoring, French classes and piano lessons. You can teach anything you are good at) or a freelance project, you have made another $200 this month. Find a couple more clients, and you are now making $500 more every month. If you’re interested in starting your own side business, then also feel free to contact me for suggestions. “Committed and persistent work pays off; get-rich-quick schemes are ripoffs.” Proverbs
28:20 MSG‬‬‬‬

The Internet is like an ocean, and what we as regular users see or access is just the surface. But just like the ocean, underneath the surface is a world invisible from the top. Our daily Internet-related activities like shopping online, using e-mail or Facebook, searching things on Google comprises what can be termed as the “Visible Web” or “Surface Web.” This portion of the web is usually calculated using the estimates provided by search engines like Google, Bing and Yahoo based on the “number of pages indexed.” According to an estimate, “the indexed web contains at least 4.56 billion pages (as of May 30, 2016).” While this number may appear huge, remember that the life below the ocean’s surface is enormous and so is the Deep Web. With the advent of the Internet, there’s become a space of human creation where both good and evil exist. There is both a physical (surface) and a spiritual (deep) world. Life is more than what we can see, and faith is having trust in what can’t be seen. The deep web is the world underneath our surface internet, and it isn’t accessible by conventional search engines. The deep web itself contains an even greater amount of information than on the surface web. The dark web is often confused with the deep web. However, to be more accurate, the dark web is the deepest part of the deep web. The Dark Web is like a subset of the Deep Web, or perhaps the deepest layer of the web ocean and includes encrypted sites, as well as marketplaces for illicit activities and products including weapons, drugs and illegal trafficking. The Dark Web reflects the “darker” side of the society, and is accessible via special software’s or browsers lsuch TOR (The Onion Router) or I2P (Invisible Internet Project), which have “masked” IP addresses, making them untraceable. It is in this place where evil does exist, and identity thieves will more than likely trade your stolen identity as a form of currency. In this digital age it is important to ensure you have proper identity theft protection. I’m not talking about credit monitoring, rather a service that monitors your e-mail address, passport, medical id number, social security number, and at the same time has the ability to restore your identity back to before your identity was stolen. If you’re interested in having this type of identity theft protection. Feel free to contact me in the contact me section. While technology is a boon, examples like the Silk Road remind us of the darker side of technology. In nutshell, it cannot be concluded that the Deep Web is all Dark; the Dark Web is a small although ugly part of the Deep Web.

Below is the link to Scrooge McDuck’s idea of Work Smarter, Not Harder

If you need agreement in prayer, or if you’re in need of a financial checkup you can reach me in the contact me section.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, ” GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG

June 22, 2016

For many people, turning 50 signals a shift in the way they approach their finances. If you have kids, they’re probably preparing to leave the nest and you may just be hitting your stride in terms of your earning power. With retirement looming, now’s the time to amp up your efforts to save. Whether you’re a late bloomer or you’ve been socking money away steadily over the years, here’s what you can do to enjoy a rich retirement. The three steps are leverage all your savings options, be strategic about paying down debt, and manage risk carefully. Once you’ve maxed out your employer’s retirement account, you can supplement it with an IRA. Another option is a high deductible health insurance plan. You can save up to $3,350 in a health savings account (HSA) if you have an individual plan and $6,750 if you have a family plan. Once you turn 65, you can tap this money penalty-free, although you will pay taxes on any distributions that don’t go towards qualified medical expenses. Once you’re in your 50’s it’s best to have no debt or as few remaining debt obligations as possible. The author notes at this point before you begin paying your monthly debt payments, ensure that you’re still making the maximum amount of contributions to your retirement accounts. Why? Because you’re going to have to start drawing on this money when you reach the eligible withdrawal age. You want to have your money working as hard as it can for you. Even something as simple as taking advantage of balance transfer options on credit cards at lower to zero percent interest rates can help accelerate your debt repayment plan. It’s also important at this age to have a complete understanding of good debt vs. bad debt. An easy example of good debt is owning a rental property that has its mortgage being paid for by the rental income generated by renters. Again this example is a very simplified version of good debt, and just understand that personal debt which is greater than your personal income is dangerous in your 50s. The author advises managing risk carefully, and I agree. In your early 20-30s, you had your health and time on your hand, however in your 50s you should be considering a more conservative strategy. If you’re still investing heavily in stocks, now’s a good time to begin easing towards more conservative investments. You may see your returns reduced slightly but the trade-off is that you’ll be better insulated against market volatility. At this point in your life, you may not have the ability to recover your losses if you’re taking an aggressive style in the market. I also recommend not just being in one asset class but have a focused concentration in other asset classes. If you’ve followed my process for many years, you should have little personal debt, plenty of savings, and multiple types of assets that should create multiple streams of income. The important thing to do whether you’re 25 or 55 is to take action and build wealth.

I got up this morning at 5 a.m. and was pretty pleased with myself when I made it to my 9:30 a.m. coffee catch-up meeting only 7 minutes past the scheduled start. I’m chronically late–not typically when meeting with my clients, but certainly with my friends and family. They’re generally pretty accommodating, but I suspect that they’ve been more than irritated with this pattern over the years. So every year, I resolve to be more punctual, with little success until now. I’ve been curious to know why this is the case and found a clue when I came across this podcast with Richard Thaler, “Why Most Economists Might as Well Be Studying Unicorns.” The point of this chat with NPR’s Shankar Vedantam is not specifically about lateness or loss in productivity, but more about all of the mental tricks we play on ourselves to make sense of our world and rationalize our decisions. The author argues that improper mental accounting is the habit that a person needs to stop doing. Patterns of imprecise time estimating are what keep us in that perpetual state of feeling behind and overwhelmed.
In other words, estimating how long it takes to complete a task and not remaining focused is a dangerous habit not just in our personal life, but our business life as well. The danger in a person’s business life is that a person may put aside bigger projects when there is more free time, however procrastinating in this way can cause a person to avoid those bigger projects altogether. In order to improve your mental accounting, you need to time yourself on the important but not urgent tasks to put a real figure on how long it takes, and use a timer to get big projects started. On this second tip, set a specific time amount you will use to get to work on a project, and once the timer goes off, either keep going or stop based on your energy level. Personally, I’ve e-mailed my time schedule out to some of my friends to show them how essential it is to be able to organize your tasks in a day and tackle them. Having a time schedule will increase your efficiency and productivity. In a nutshell improper mental accounting can create a habit of being inconsistent. The key word to remember when operating a time schedule is consistent. Do I always hit my schedule 100% all the time? No. However, I always have a foundation I can go back to, and build upon when I am inconsistent. “Commit to the LORD whatever you do, and he will establish your plans.” Proverbs 16:3 NIV. I encourage you to take on the habit of thinking about a task, writing it out, and talking about it. At the end of this blog post, I’m going to include a YouTube link to the audiobook version of the Slight Edge by Jeff Olson. This book in essence shares the concept of Seed, Time, and Harvest.

When you think of a small space, you might think of the 500-square-foot tiny homes that have become a popular option for those looking to really downsize. But there are benefits to living in a smaller home — and you don’t have to take your square footage to extremes to enjoy them. Proof: Consider the 1,000-square-foot home. It’s smaller than the average house (according to the most recent U.S. Census Bureau data, the average size of a newly built home is 2,657 square feet), but not so small that you need to subscribe to a movement (and buy a Murphy bed!) to live there. Personally, I’m a fan of a 1,000 to 1,500 square foot home. I don’t want to have to worry about keeping the house clean after a long day of work, and ideally I want to stay in my home the rest of my life if it’s in a good area. My fiancé probably feels otherwise, but as we age, I don’t want to have to worry about maintenance, cleaning, and other expenses that could drain our income. “Whether you’re an empty nester moving from a house into a condo, or a renter trading in a two-bedroom for a studio and a shorter work commute, many people now see downsizing their home as a step forward, not backward,” says New York, NY–based designer Heather Higgins, who frequently handles projects in the 1,000-square-foot area. “Requiring less time, energy, and money, smaller living spaces provide greater lifestyle flexibility.” Here are eight reasons to consider a smaller home: smaller tends to be more affordable, you save on utilities and other routine expenses, you can afford to be closer to the action, upkeep is a breeze, it’s easier to keep clean, you can get creative with upgrades, by thinking creatively you can still host large groups, and small homes feel cozier. These eight reasons highlight a simple idea of being content with what you have. For me having financial freedom and security is more important than having a big home that requires upkeep. For you there may be plenty of reasons for a large home, but ask yourself is the large home out of necessity or is it because you are trying to keep up with someone else? The problem with keeping up with the Joneses is that it’s exhausting! “I am not saying this because I am in need, for I have learned to be content whatever the circumstances. I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want. I can do all this through him who gives me strength.” Philippians 4:11-13 NLT. There’s nothing wrong with being content with what you have, because this life is a gift to be treasured and shared.

Below is the link to the audiobook version of the Slight Edge by Jeff Olson:

If you need agreement in prayer, or if you’re in need of a financial checkup you can reach me in the contact me section.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, ” GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG

June 14, 2016

If you could buy a $100 bill for $80, wouldn’t you jump at the chance to do so? While value investing is a little more complex than that, it’s the general concept behind finding undervalued stocks for your portfolio. This sounds like a great idea in principle, but how do you find these amazing bargains? Here’s a list of five steps to take in order to find undervalued stocks of your own. The five steps are: understand why stocks become undervalued, only look at businesses you understand, know the metrics, go beyond the numbers, and the final rule. Understanding why stocks become undervalued involves a few potential reasons such as missed expectations, market crashes and corrections, bad news, and cyclical fluctuations. When you’re looking for an undervalued stock make sure you’re picking a business you understand or as I’d like to say a business that you love. If you enjoy drinking Coca-Cola, you’re more prone to research the company and look at its earnings vs. a company that sells steel. The author says. For example, I have a strong understanding of the banking industry, as well as real estate, energy, and consumer goods, so stocks in those industries make up the majority of my portfolio. On the other hand, I really don’t have a good grasp on the biotech industry so I simply won’t invest in it. Don’t get me wrong — I’m sure there are a lot of great companies in biotech, and many could indeed be undervalued right now, but it’s just not my area of expertise. When you’re looking for undervalued stocks use these metrics: P/E ratio, P/B ratio, ROE, Debt to Equity ratio, current ratio. As a word of caution, metrics are indicators and tell a story. It’s important to increase your financial literacy so you can begin to see what the company is doing on paper and look below the surface. Look for companies that have an obvious competitive advantage. The author states Wal-Mart as an example. The final rule is patience. At times the market will be expensive, and it’s important to know what price you are willing to buy at. You make money when you buy not when you sell. Whoever is patient has great understanding, but one who is quick-tempered displays folly. Proverbs 14:29 NIV.

The eight-hour workday is an outdated and ineffective approach to work. If you want to be as productive as possible, you need to let go of this relic and find a new approach. The author states that the eight-hour work day was created during the Industrial Revolution to cut down on the number of hours of manual labor that workers endured in the factory. Back then it was a more humane approach, and prior to this point in time during the Agrarian age, farmers would spend even longer hours working fields. It only makes sense that there is an argument for a change in the work day schedule for the Information Age. A study recently conducted by the Draugiem Group used a computer application to track employees’ work habits. Specifically, the application measured how much time people spent on various tasks and compared this to their productivity levels. In the process of measuring people’s activity, they stumbled upon a fascinating finding: the length of the workday didn’t matter much; what mattered was how people structured their day. In particular, people who were religious about taking short breaks were far more productive than those who worked longer hours. The ideal work-to-break ratio is 52 minutes of work followed by 17 minutes of rest. the brain naturally functions in spurts of high energy (roughly an hour) followed by spurts of low energy (15–20 minutes). The best way to fight distractions and exhaustion is to not fight your way through it; rather take a break and go for a walk and allow your mind to clear. If your work environment permits it, I suggest you put this strategy to the test and feel free to let me know your results in the contact me section.

What does the wealthy 10% understand that the other 90% are missing? originally appeared on Quora, the knowledge-sharing network where compelling questions are answered by people with unique insights. Here are 7 secrets: the big money is served in small increments, wages and income are what the job is worth, not the individual, personal debt is not a “tool,” it’s shackles—delayed gratification is more gratifying than instant gratification, the value of the dollar you have vs. unearned future dollars, math, the importance of life insurance, and lotteries are just another tax on the poor. Your return on investment whether it’s from investments, profits, or margins on products you’re selling, the small increments compounded over and over again is what helps a person and company retain and make money over and over again. Small steps compounded over time will create large ripples. Your job will pay you what the job is worth, however you as an individual are worth far more than $30,000 or even $300,000 per year. A good way to prove this point, if you were to go missing, your loved ones who truly love you will pay any price to find you. This point makes me think of the prodigal son who returns home to have his father restore him completely because he’s so happy to have him home. I encourage you to bring value wherever you go whether as a company or an individual. Another way of saying it is leave things better than you find them. If your heart and mind operates from this frame of being, you will see incredible results. You have to be wise about personal debt. When you carry debt, you’re in essence renting an asset from the bank and or credit card company. If you end up filing bankruptcy, you either surrender all your assets or surrender your way of living. Granted there are unforeseeable circumstances in which bankruptcy is unavoidable. However, if you can’t pay for it with cash or pay off your balance within 60 days on a credit card then you become shackled to that credit card. The rich ruleth over the poor, and the borrower is servant to the lender. Proverbs 22:7 KJV. I encourage you to pay yourself with interest and become the bank. Why not train yourself and make your savings account become like a line of credit. If you’re interested in learning more than contact me in the contact me section to learn more. Instead of buying goods that you know you will replace in a short amount of time, save up money and buy good quality products that will last longer so you save on spending future dollars that you can use to invest in income producing assets, or spend on other goods. To add to the author’s point, don’t just buy great quality products, but buy great quality products at a savings. Ask yourself: Is the sticker price the final offer? By nature, a business will build a great quality product out of great materials, but there will always be a margin so the company can make a profit. How can I cut that margin down enough for the company to still make a profit and yet save a few dollars in my pocket? That’s how you need to look at not just products you buy but investments also. Math is very important. It’s one of the core skills taught in public and private education. Math created a lot of the technology we use, but at its most essential level, it also shows the power of interest rates. In the example the author used, without an understanding of how loans work, a person can end up spending a lot of money. Use the power of compound interest for you and not against you. Life insurance, especially today, is even more affordable than it used to be. For small amounts of money, you can potentially leave a financial legacy to those after you less fortunate. The lottery even if you win it, you won’t receive the full amount. It’s understood we’d gladly pay half to receive $100 million, but remember that the odds of winning are small so don’t allow buying lottery tickets to become an addiction. The author concludes saying it’s important to live within your means. Successful people know it’s not about how much you make; it’s about how you spend it. I’d also like to add: It’s not about how much you make. It’s about how much you keep, and how hard what you keep works for you.

If you need agreement in prayer, or if you’re in need of a financial checkup you can reach me in the contact me section.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, ” GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG

June 7, 2016

It’s not hard to find similarities between running a startup and playing a high-stakes poker game on a green baize-covered table. Business and poker both require you to assess risk, analyze your competition, be aggressive, control your emotions, and–of course–know when to hold and when to fold. Geoff Woo, co-founder of Nootrobox, likes the game because he sees it as a great way to train your assessment and decision making with incomplete information. This article has many interesting points so I will be using more quotes than usual. Woo says he was too afraid to be aggressive in poker at first. But once he started to bluff, re-raise a player’s bet, and call out an opponent’s bluff, he started to perform better. He brought that aggressive confidence to his startup.
“In the business version [of bluffing], you’re believing in this crazy, weird idea and making a big bet–that’s what running a startup is all about,” Woo says. “When you do and you’re running the table, people respond.” Another CEO, Tom Popomaronis founder of OpiaTalk, gained valuable skills by playing poker such as becoming a better listener. “Poker forced me to listen to the opponent’s verbal and nonverbal cues–is his hand moving, is he looking at me, can you see his pulse beating in the side of his neck, is he sweating?” Popomaronis says. “Over time, you improve your read on people.”
At OpiaTalk, Popomaronis says he uses his poker skills to solve problems by being aware of minute details while speaking with employees, investors, and customers. The game has also taught him to harness and redirect emotion “so you can continue moving forward without jeopardizing yourself and/or your team,” he says. Finally, Suneera Madhani, the founder of FattMerchant, also learned an important lesson through poker. She learned that winning is less about the hand you have and more about sticking to your process–a calm, cool, and collected process that never wavers, Madhani says. “You have to understand who you’re competing against, analyze your competition, and know what decisions they’ll be making based on their position,” Madhani says. “Poker, like business, is a game of strategy. It’s a game to be won. If you follow that process, the odds will be in your favor.” The key lessons learned are: learn how to make decisions with incomplete information, learn how to listen to minute details to increase emotional intelligence, and find a process that works and never change from it. “If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.” Proverbs
28:26 MSG‬‬‬‬‬‬

When you think about it, it’s pretty amazing that the same brain that stores our favorite moments, the names and faces of our loved ones, and what our favorite foods taste like is also somehow expected to make room for cocktail chatter, PowerPoint presentations, and whatever your boss’s dog’s name is. We ask a ridiculous amount of our memories, and having yours work for you can be the difference between closing a deal and stumbling through a job interview or sales call. There are four techniques that will require your memory to work harder: drawing, yoga, going barefoot, and going outside. Drawing actually encourages the mind to visualize and draw out important things you want to remember. “What we think is happening is, you are bringing online a set of diverse networks or brain regions, which helps build a strong memory for that one item,” said Jeff Wammes. Yoga through the use of movements and breathing exercises can actually help with spatial memory. I encourage you to take 5 minutes at the beginning of your day and the end of your day to focus on your breathing for 21 days and see if there are any benefits. “Be still, and know that I am God; I will be exalted among the nations, I will be exalted in the earth!” (Psalm 46:10 NKJV). Studies have shown that running barefoot will actually improve working memory. “A lot of people say they run to shut down or tune out, which is actually not helping your working memory,” Alloway says. “Barefoot running forces you to pay attention or focus on something so you don’t hurt yourself. It’s like a mini brain workout. You can’t not pay attention.” Finally going outside is found to have restorative effects even when an individual simply looks at pictures of nature. This finding could make the argument that man feels at home in what was naturally created by the earth itself.

The underground economy refers to illegal economic activity. Transactions in the underground economy are illegal either because the good or service being traded is itself illegal or because an otherwise licit transaction does not comply with government reporting requirements. The first category includes drugs and prostitution in most jurisdictions. The second includes untaxed labor and sales, as well as smuggling goods to avoid duties. The underground economy is also referred to as the shadow economy, black market (not gray market) and informal economy. When you hear this term, more than likely you will think of illegal activities being performed. However, an underground economy can be as simple as anyone who makes taxable income they do not then report to the tax authorities – even if it’s $50 for babysitting – is technically participating in the underground economy. I first heard of this terminology by watching an episode about bitcoin on the show Inside Man with Morgan Spurlock. It’s fascinating to see that the Internet we see is just the tip of the iceberg of the actual Internet. I encourage you to give to Caesar what is Caesar’s and give to God what is God’s. There’s a right way to do things, and a wrong way. In the end, what is in the darkness will be brought to the light so why cut corners when you can do it right the first time. Don’t suffer the consequences of losing your assets, and or jail time. I’ve included a link previewing that particular episode which you can watch on Netflix or from CNN.

If you need agreement in prayer, or if you’re in need of a financial checkup you can reach me in the contact me section.

“But those who want the best for me, Let them have the last word—a glad shout!— and say, over and over and over, ” GOD is great—everything works together for good for his servant.” I’ll tell the world how great and good you are, I’ll shout Hallelujah all day, every day.”

Psalm 35:27-28 MSG