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"Let's Get Digital" - Tues. PM KTFA Thoughts/News 1/29/19 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

"Let's Get Digital" - Tues. PM KTFA Thoughts/News 1/29/19

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Post by RamblerNash Wed Jan 30, 2019 10:34 am


Boxman » January 29th, 2019

Many moons ago, there was a member who has passed on by the user name of VOL..

He wanted to remind everyone that a large house, even if paid for all cash, entails a large expenditure of funds every year because of annual property taxes, insurance, utilities and maintenance, all of which increase as the years roll forward and will quickly diminish your available funds..

He also recommended that spending no more than 10 %, of after income tax money, as mad money to buy toys , such as a house ,cars etc..and to invest the remainder, spending only the income, never the principal.

He also recommended keeping a low profile and only disclose your gain on an as needed basis to your team of advisors. High profile will subject you to unwanted attention and will be a danger to your financial and possibly your physical well being...in other words do not go around telling everyone how "smart" and wealthy your are...if that is your desire, better off painting a bullseye on your financial portfolio, as you will be a target..

Iit has always been a recommendation to hire advisors, especially legal and accounting, before performing any transactions...as once the transaction is complete there is no going back to undue a tax or financial blunder..

If memory serves me he also recommended to not be in a rush and let the dust settle instead of making a hurried decision..

I will go back in my files and hopefully find all his recommendations as there was at least a page of guidance.

His original post was at least 8 or 9 years ago and posted shortly before he passed..but full of wisdom

Don961 » January 29th, 2019

One for Backdoc ... let's get digital ... (wink)

Capitalism without Capital: The Future of the Intangible World

- 44 Minutes Ago

The book "Capitalless Capitalism", published recently by the Princeton University Press, is a comprehensive report on the growing dominance of the intangible economy. Its authors, British academics Jonathan Haskell and Stian Westerlake, argue that a quiet economic revolution occurred in the early 21st century , Was the tendency of the major economies of developed countries towards the intangible economy by investing more in sectors such as design, software, brands, and less tangible assets such as machinery, buildings and computers.

According to the authors, various business activities, such as technology, pharmaceuticals and sports, in the intangible sectors have found a suitable opportunity for long-term success.

The book not only lists the traditional and familiar story of the so-called new economy, but also addresses the important and pivotal role played by intangible assets in the major economic transformations that the world has experienced over the last decade. The authors believe that the surge in the rise in intangible investment may be the cause of a number of phenomena, such as economic inequality and stagnant productivity.

In their book, Haskell and Westlake provide a ten-year research summary on how to measure intangible investment, the impact of measuring the overall economic activity of a country, information on the amounts invested by some countries in the intangible economy, Time, browsers have the latest ideas on how to evaluate it.

He tries to explore the extraordinary economic characteristics of intangible investment and to discuss how these features make the highly intangible and rich economy fundamentally different from an economy based on tangible assets.

A striking feature of the book is the authors' proposal of three possible scenarios for what the future of the intangible world might look like, as well as how managers, investors and policy makers can capitalize on the characteristics of the intangible age in the development of their businesses, portfolios and economies.

The investor does not have physical assets such as machines that you can sell to recover some of his money, and the second tendency to create indirect effects that can be used by companies. Competition. Oper's biggest passenger base, for example, is its network of drivers, but it is not unusual to meet the Ober driver, who also chooses to work with Lift.

The third characteristic is that intangible investment is more scalable than tangible investment. After the initial costs of the first unit, the rest of the products can be copied indefinitely.

The fourth feature is synergy with other intangible investments. For example, Apple's "iPod" combines the company's "MP3" with the company's hardware, mini-hard drive design, design skills, and other licensing agreements.

The book is divided into two parts, the first of which is: The Rise of the Intangible Economy, The Capital Evaporation Law, How We Measure Intangible Investment, and What Defines the Intangible Economy? The implications of the rise of the intangible economy "," the intangible economy: investment - productivity and the global recession "," the intangible economy and the rise of inequality "," the infrastructure of the intangible economy "," competition, management and investment in the intangible economy "; "Public Policy in the Intangible Economy: Difficult Questions".

Read more Here: link

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