Friday, July 13, 2018

BEWARE OF FINANCIAL CHARLATANS

THEY CAN COST YOU
DEARLY
WARNING: FINANCIAL CHARLATANS ..PROVIDE OPPORTUNITY  FOR MONEY ! Theirs is guaranteed, yours' is put at risk. Much of what you are 'sold' is pure BS. 

 Each year millions of people follow this advice ... costing Americans and others around the world combined billions of dollars. Some of what you hear is truth, but that is often combined with lies to get you to waste money and risk even more money. But that is my opinion based on FACTS IN EVIDENCE. You can reach your own conclusion after viewing these next few pages.

This is simply my best attempt at trying to prevent you from making further decisions that will end up costing you...more money than you realize and even relationships you hold dear,

bullshit button 


I break Charlatans down into 5 separate categories that I feel effect the most people...but, I am sure there are others.
First to understand what constitutes a financial charlatan ...let's look at the dictionary's definition.....   a person falsely claiming to have a special knowledge or skill;  a fraud
synonyms:quack, sham, fraud, fake, impostor, 

 I would also add that most charlatans are great motivators who know how to captivate an audience and / or know how to draw upon a person's weakness (lack of knowledge, generous nature and desire to help others   
Let me remind you of these two quotes

"Half the Truth is Often a Great Lie"  -  Benjamin Franklin

“What gets us into trouble is not what we don't know. It's what we know for sure that just ain't so.”  ― Mark Twain


Those of the tools of all financial charlatans in a nutshell  and they use them to manipulate people and prey on people's main weaknesses.  Dangling in their eyes one or more the following:

  • WEALTH
  • GOOD HEALTH
  • THE ABILITY TO BE OVERLY GENEROUS
  • PORTRAYING THEMSELVES AS HAVING SOMETHING IN COMMON WITH THEIR AUDIENCE
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Financial gurus who work the churches 
or hold financial seminars
(two fishing ponds filled with plenty of suckers )
People of Christian faith are often suckers for people who can speak scripture. not because of their beliefs, but because they tend to trust anyone who can quote scripture and provide them half-truths as we know are often whole lies. People of all faiths tend to trust other people who seem to be of the same faith, especially if they quote scripture. 

Large groups (seminars) are usually filled with people with money problems or people seeking the secrets to gaining wealth.  Others see someone with credentials and wealth and tend to trust them no matter what.... Bernie Madoff is a great example of that.  Even some institutions you normally wouldn't question can be financial charlatans. For Example:

{During the high interest rate period of the late 1970's into the 1980's ... Dauphin Deposit bank offered it's clients a LIFETIME GUARANTEE OF NO LESS THAN 10% annual returns on their C.D.s .... If you can't trust a bank with FDIC protection ...who can you trust.... right? LOL needless to say savers got screwed, lawsuits were filed and the bank that bought out Dauphin Deposit refused to honor such a guarantee after interest rates dipped. Did Dauphin Deposit make that unbelievable guarantee to raise capital to make the sale of their bank more enticing?? Probably.

MANY PEOPLE IN BOTH GROUPS like the aspect of having enough money they can not only enjoy financial independence but use some of the new found wealth they think they will achieve to be more generous and help others. If they can do both and serve God...all the better.

Would You Trust This Man With Your Money ?
Ephren Taylor on Montel Williams

Many People did ...... slick talkers who act or are successful not because of anything they do that is truly is ethical often are.  That's why you need to do your research  .. it won't won't guarantee you won't get scammed but it could. 


6:27


apparently Montel Williams or the many ministries Ephren preyed up didn't do their research and it cost many people some to a lot of their money



6:34  
CHURCHES / PASTORS WILL OFTEN OPEN UP THERE CHURCHES TO MOTIVATIONAL SPEAKERS...ESPECIALLY IF THEY THINK IT THE SPEAKER HAS THE BEST INTERESTS OF THEIR CONGREGATIONS. CASE IN POINT WITH MY NEXT VIDEO


SHOULD YOU TRUST THIS MAN WITH YOUR FINANCIAL FUTURE? I DON'T THINK YOU SHOULD and I AM HARDLY THE ONLY ONE. WHAT HE DOES MAY BE LEGAL ..BUT IS WHAT HE DOES ETHICAL? DON'T BE FOOLED , HIS ADVICE CAN COST EVEN FAMILIES WITH MODEST INCOMES UP TO $10,000's or even $100,000's. 


MONEY CORRUPTS BUT POWER CORRUPTS ABSOLUTELY ....is a good place to start when it comes to so-called Financial Gurus. Back in the 1980's I attended a seminar given by Charles Givens... You can read his history, and you will find that he went bankrupt 3 times in various businesses before deciding he could teach people how to GET OUT OF DEBT and USE VARIOUS STRATEGIES TO GET RICH.INCLUDING INVESTING IN MUTUAL FUNDS and GETTING 12% RETURNS... HE WAS ON THE TV A LOT WITH INFOMERCIALS AND HE HAD A WEEKLY RADIO PROGRAM CALLED THE CHRISTIAN FINANCIAL PLANNER?  BTW  Charles Givens died at age 58 in 1998 of Prostrate Cancer but not before he lost a suit for FRAUD. Like today's financial Gurus he made the vast bulk of money from selling books financial information on tapes (as compared to CDs today)  and selling membership to his PERSONAL FINANCIAL UNIVERSITY  {PFU} SOUND FAMILIAR? IT SHOULD !!  DAVE RAMSEY  shares much in common with how Mr. Givens ran his business. Dave even has FINANCIAL PEACE UNIVERSITY {FPU}

Dave Ramsey Money Management on a Mission
In my opinion, IF Dave wasn't a Charlatan ...he wouldn't even be talking to people who have financial difficulties about accumulating millions of dollars by investing in mutual funds. If Dave wasn't a charlatan he wouldn't be telling people stories of generosity unless he provides the names of the people involved as proof....  and those people who went ahhhhhh just got hooked and the chance that they will ever be able to provide such generosity BECAUSE of Dave's advice is about as close to nil as can be..

WHAT DAVE SHOULD BE TELLING HIS AUDIENCE IS THE FOLLOWING:
  • THE AVERAGE RETURNS EXPERIENCE BY AVERAGE MUTUAL FUND INVESTORS ACCORDING TO DALBAR
  • THAT IN A 40 YEAR ILLUSTRATION ..ALMOST HALF THE GAINS OF ANY CONSISTENT UPWARD GROWTH ILLUSTRATIONS OCCUR DURING THE LAST 5 YEARS .... BUT SINCE HIS AUDIENCE IS MOSTLY PEOPLE IN THEIR MID 30's or OLDER... THAT WOULD HURT HS PURPOSE ..TO DANGLE WEALTH BEFORE THEIR EYES
  • HE WOULD DISCUSS THE IMPACT OF FEES and SALES CHARGES as WELL AS THE TIMING OF LOSSES .... LARGE or SMALL  .... 


WHAT IF DAVE DID ALL THAT? WHAT WOULD HE HAVE TO SELL ? He'd have his GET OUT OF DEBT FORMULA which is almost worthless except to people who can;t figure out that if you pay more than the minimum payment on their credit cards that debt eventually goes away and he'd have his wallet and envelope system and use debit cards which is not only worthless except to the very weak minded but also financially dangerous and costly to them. 

NOW Dave has motivated a lot of people to get out of debt...but the question remains ...about his ethics and a lot of his self -serving and costly help he has made $100's of millions from. When I think of Dave, I can't help but think of a man who owned a business in a town where I went to college. The town was flooded twice within a 3 year period back in the 1970's. Each time this business helped a lot of people by providing them the water and the bread they needed to survive. Both times he jacked up the cost to enrich himself immensely.  How you run your business to profit matters.

ETHICS:  Dave use to tell people TO AVOID BANKRUPTCY at all costs, primarily because he went through a difficult time due to the fact that he owed a fortune. He finally ended up using bankruptcy to avoid about $300,000 of debt   Even today he warns against it.. The following is from an article titled. It is just one of several reasons I call Dave DANGEROUS DAVE  and why I recommend you avoid ever paying for any of Dave's advice and be extremely cautious about following it,  It is likely to end up costing you $10,000's or more needlessly



AND IT HELPS YOU AVOID PAYING FOR
OR FOLLOWING BAD ADVICE
THAT CAN COST YOU DEARLY





Dave Ramsey and His Un-Truth About Bankruptcy

By  on December 28, 2009


So here I am minding my own business and what does divine intervention deliver in front to me, a link to The Dave Ramsey page titled The Truth About Bankruptcy 

I really wonder if Mr. Ramsey actually believes some of the rubbish he prints. Sometimes it seems to me he is so vested in his old points of view that he has not updated and revisited them.

Dave Ramsey says, “If you’re facing the prospect of bankruptcy or in the middle of it right now, you know it’s a living nightmare. It can devastate your job, destroy your marriage and steal your peace of mind.
Bankruptcy is not something I recommend any more than I would recommend divorce. Are there times when good people see no way out and file bankruptcy? Yes, but I will still talk you out of bankruptcy if given the opportunity. Few people who have been through bankruptcy would report that it is a painless wiping-clean of the slate, after which you merrily trot off into your future to start fresh.

Don’t let anyone fool you. I have been through bankruptcy and have worked with bankruptcy for decades, and it is not a place you want to visit. Bankruptcy is listed in the top five life-altering negative events that we can go through, along with divorce, severe illness, disability, and loss of a loved one. I would never say that bankruptcy is as bad as losing a loved one, but it is life-altering and leaves deep wounds both to the psyche and the credit report.” Source 



I’ve been through bankruptcy myself, just like Dave has and I’ve helped people since 1994, nearly as long as Dave Ramsey has but my experience is exactly the opposite when it comes to bankruptcy. As far as I can see, most of the negative press and stigma about bankruptcy comes from fear mongering about a process that is legally sanctioned and permitted under the law. In fact bankruptcy is initiated by the consumer with the blessing and cooperation of the courts


Are some people traumatized by bankruptcy, yes. But the largest source of those fears is the very stuff Ramsey and other debt advisors blurt out without considering the consequences. In my experience, once you make sure the individual is a s fully informed as possible about the bankruptcy process, the fear is greatly reduced and the knowledge that the person is now protected under the law from creditors is comforting.
It is very easy to repair credit after bankruptcy. I would argue that if it takes you years to avoid bankruptcy and limp along paying what you can under the Ramsey approach, that your credit remains worse for longer
I would no more talk anyone out of bankruptcy than I would talk them into years of on the edge financial living, encouraging themselves to be sued and remaining in the pain and stress of money troubles. Honestly, which is more cruel?
Seriously, people need to stop drinking the Dave Ramsey Kool-Aid at times and investigate all debt relief solutions for themselves so they can make an educated and informed decision.
If someone is looking forward to remaining in collections, being sued, ruining their credit for much longer and struggling for years to repay their debts, that’s their own choice. But if repaying the debts is the end game that Ramsey wants people to achieve, why not recommend people to get the protection bankruptcy has to offer and still repay your debts in full. There is not one thing that prevents that. In fact with that approach the interest rates go to 0% and the total amount paid is much less than with the Ramsey punishment approach
Let’s look at the individual approaches:
Bankruptcy:
  • You get legal protection from creditors.
  • Lawsuits are stopped or prevented.
  • Judgments and wage garnishments are stopped.
  • Interest is stopped and goes to 0%.
  • You can return faster to being able to save an emergency fund.
  • Your house can be saved from foreclosure.
  • Your car can be saved from repossession.
  • A repayment plan can be created based on what you can afford.
  • Debt collectors not legally able to contact you.
  • Credit rebuilding starts faster.
  • Depending on how far you are behind on your debts bankruptcy can actually increase your credit score.
The Dave Ramsey Punishment Method:
  • Collection calls continue.
  • Debt collectors continue to chase you and may even call your job or neighbors.
  • Your credit remains trashed.
  • Lawsuits can be filed for not paying your debts as agreed.
  • Your wages can be garnished.
  • Interest is increased on past due accounts.
  • Additional fees and penalties are charged on past due accounts.
  • Original balances can increase significantly due to fees, penalties and increased interest.
  • Your home cannot be protected from foreclosure.
  • Your vehicles cannot be protected from repossession.
  • You can’t effectively rebuild your credit until all the past due credit has been satisfied.
So please, do yourself and me a favor, if you have ruled bankruptcy out because Dave Ramsey has scared you about it, you owe it to yourself to click here to find a local bankruptcy attorney you like. Go talk to the attorney and get yourself educated about bankruptcy and what it is really like. Once you do that then you can make good decisions based on knowledge, not fear.


WHEN IT COMES TO DAVE RAMSEY'S INVESTING ADVICE READ  Six Areas I Disagree With Dave Ramsey's Investing Advice and Retirement Withdrawal Advice

To those of you who see using bankruptcy as something un-Christian or avoiding personal responsibility for your actions let me remind you of a few things and review your other options
  • Today. American stores in order to remain competitive import much of their goods for sale...which means they and you/me together cheat the American system out of taxes that could have been paid into our system by American workers in order to spend less money
  • Stores build into their costs of goods sold an additional amount of cost for theft, they also add in costs for credit card companies they pay a portion of each sale too that isn't their own personal credit card like TARGET ...which gives you 5% off for using their red card
  • The credit card company also builds onto their interest rates an amount they feel they need to collect to offset the costs they will never collect..so, like loan sharks on the street they now can legally charge you up to 20% interest or higher in some instances.
BANKRUPTCY if available can save you up to $10,000's or even the $300,000+ Dave Ramsey saved when he went through it... and for average people like me. It was simple and within a few months I had a new credit card and made sure I pay off my credit card every month now for the last 25 years. It's a lot smarter than having large amounts of cash with me as well as the risks associated with cash and debit cards.

RENEGOTIATE YOUR DEBT BY YOURSELF --- Instead of using and paying a Debt Settlement company to negotiate a deal with your credit card companies you can do it on your own. This would save you money and still allow you to pay off your debt at a lower value ... but it would take longer to rebuild a new credit line

DEBT SETTLEMENT company- They may be able to use their combined power of other people's debr to lower how much you would pay, but then they normally charge an upfront fee as well as tack on their own interest charges...and of course, you run into the same problem again if you fail to pay them off in tinely payment

BORROW AGAINST YOUR HOME ... I read a review of Gary Keessee first book advising people to do this... and of course, one of Gary's side businesses was a mortgage company. This may lower your interest rate on your debt, but there could be added fees tied to your new loan and it now puts the security of your home at further risk to loss

PAY OFF THE DEBT WITHOUT ANY NEGOTIATIONS .... there are basically three ways to do this, the least expensive way is to pay off your credit cards with the highest interest first. adding added amounts specifically to those payments first. The second way is to pay an added amount by percentage of added payment  equally to each card and the third is to use Ramsey's snowball effect which is to eliminate the smallest debt first irregardless of it's interest rate. He says it gives you the psychological fastest feeling of accomplishment ..but it also could be the most expensive way too...depending on your situation. Of course, this gives Dave greater control of you psychologically and could end up costing even more money as you continue to receive more information on other products or advice he wants you to spend your money on.. The same goes for any other get out of debt guru. 


Oh and his Debit card suggestion:    Here's another GET OUT OF DEBT FINANCIAL GURU talking about that  His name is Clark Howard and while I would NOT PAY for his advice or books since like Dave's and others you can find much of it on-line for free these days... I will say Clark is much better than Dave  .... starting with this advice and then his mutual fund advice  where he recommends low cost indexed muttual funds.e

Don't Use Debit Cards at the Checkout

 and here is MONEY HUNGRY DAVE twisting a question to serve his own means,,, Dave makes a profit from a lot of different ELP companies...it sounds like he may make money from a car rental company too....although, I can't be sure of that...but he has admitting to receiving referral fees from other businesses in his ELP network

Using A Debit Card for a Car Rental

WHAT DO THE FINANCIAL REWARDS AND SMOKING REALLY HAVE ANYTHING TO DO WITH HER QUESTION DANGEROUS DAVE?  But just so you know Dave you just differed from what FBI agent and former professional fraudster Frank Abgnale tells people. If a person can discipline themselves to keep track of their expenditures and pay off their debt at end of the month and get paid a reward for it... It's a better deal.  Then again, Frank's purpose is to help people...not force them into situations that expose them to more risk...just so he can make more money from them.DAVE LIKES TO CALL PEOPLE IDIOTS and MORONS... I TEND TO THINK DAVE TREATS HIS FOLLOWERS LIKE IDIOTS AND MORONS AS HE KEEPS SPEWING HALF-TRUTHS TO THEM .... SO HE CAN JUSTIFY HIS FINANCIAL SUGGESTIONS AND MOVE MONEY FROM THEIR POCKETS TO HIS POCKETS 

HMMMM .....  NOW WHERE HAVE I HEARD THAT BEFORE?

FINANCIAL GURUS or LOCAL FINANCIAL SALES REPRESENTATIVES MAY NOT BE AS BAD AS SOME OTHERS.....BUT THEIR OBJECTIVE IS STILL THE SAME ...MOVE SOME OF YOUR MONEY INTO THEIR POCKETS...AND MANY WILL USE AS MANY SALES TOOLS THAT THEY KNOW WORK.




 SHOULD YOU TRUST THIS NEXT MAN and HIS WIFE ?  Once again, I don't think so.  While Givens went bankrupt 3 times in different businesses and Ramsey once with real estate ... this next guy Gary Keesee was someone who tried a lot of things including selling insurance and other financial products before  GOD TALKED TO HIM and gave Gary the Keys to His Kingdom. 

 Seriously, Gary and his wife Drenda and now his grown children started about the same time as Dave only Gary and Drenda started their own Prosperity Gospels ministry. Like Givens and Ramsey ...Gary provides some very shaky financial advice that benefits him and puts others at risk. One review of Gary's first book of telling people how to GET OUT OF DEBT said this (paraphrase) " Much of the same advice you would find from other 'gurus' but Gary recommends that if they own a home, they should re-finance ..to pay off the high interest debt ...and wouldn't you know it Gary has a sideline business that will help you re-finance.  My question to Gary and Drenda would be Wouldn't that put the home at greater risk of loss ? Because, if something happens and the person or couple can not pay the 1st and 2nd mortgage (or home equity loan) they would lose the home and quite possibly most or all the equity they had in the home> MORTGAGE debt can not be discharged in a bankruptcy.
 
Gary Keesee  Presents the Blue Print for Business Success







DAVE RAMSEY --- CUT UP YOUR CREDIT CARDS...USE ONLY CASH AND DEBIT CARDS
 
Dave Ramsey Wallet System

While this woman is enthusiastic, she has just paid for a system that could be very costly to her family and dangerous as well ..which I will allude to below/ Ramsey use to charge $35 for these wallets. 

BESIDES DAVE' CASH ONLY ADVICE -which leads to wallet sales..Dave says use Debit cards which I have already talked about...but here's a woman with an actual life story.

debit cards - dont use



But Dave's cash and debt card advice isn't what former check forger turned FBI agent FRANK ABGNALE says

To Tell The Truth Frank Abgnale 1977

TODAY, just about anyone with any training or licensing  can try to pass themselves off as a 'financial expert' and some succeed spewing common sense and dangling wealth and generosity before people's eyes.

Having a Credit Card Can Protect You From Fraud

RAMSEY LIKES TO CALL PEOPLE WHO QUESTION HIS ADVICE IDIOTS AND MORONS ... While he does not sell Mutual Funds he advises people to purchase MUTUAL FUNDS  WITH THE HIGHEST SALES CHARGES  of which like he makes a REFERRAL FEE (I assume from all hIs ELPS  he chose based on their integrity ....LOL)

So, I guess that would mean that Warren Buffet is an IDIOT and MORON

 WARREN BUFFET INDEX FUNDS

SOME OF DAVE'S ADVICE LIKE OTHER GET OF DEBT FINANCIAL GURUS IS GOOD. BUT, is it worth your money?  In my opinion, Absolutely not. But that goes for almost all, perhaps all GET OUT OF DEBT FINANCIAL GURUS... You can find their good advice on-line for FREE....of course you can also find some of their bad advice like the following too.

Market Funds vs, Market Index Funds

Dave premise is that you'll never need to move your investment money, but we all know that isn't going to happen. Dave also believes you should all your retirement money at HIGH RISK even during retirement and that you can safely withdrawal 8% of your money annually. IDIOT ! MORON!  That could cost people up to $100,000's if they actually did save the 15% of income he recommends, Let's remember, most of his followers not only aren't skilled investors...many of them are IN DEBT... {paying him about $100 or more to learn that if you pay more than yur minimum debt bill... your debt goes away more quickly yet ....his method may end up costing one $10,000's needlessly PLUS he dangles WEALTH and GENEROSITY to get them buy his products and use his ELP's so he gets paid a referral fee. Dave's investment advice is ridiculed by most knowledgeable financial people... because it truly does put one's money at great risk...while he and his ELPs prosper no matter what.

DAVE FOLLOWERS like to call in when they finally get debt-free.  Had many of them not taken Dave's advice and instead chosen  Bankruptcy instead of calling in years later they could have had $10,000's in savings.....  Personally I think  all Dave's  callers  should take their cue from this Kelly Fox song when they call.
Kelly Fox Shocks and Rocks


Incidentally, Suze Orman  another one-time BANKRUPT GET OUT OF DEBT financial guru who is Jewish once tried to get her low income followers to use a DEBIT CARD she made money from and lots of money (due to the high charges associated with the card ).... just like Dave with his wallet and envelope system ...She finally dropped the idea because people realized they were paying very high fees for using it. Suze also advised a caller who was worried about the safety of her money during the market crash of 2008 to keep her money in the stock market. Now, history shows that Suze's advice proved good that time BUT ...a month later  it was discovered  that Suze had only 3% pf her own money in stock market risk. ...also most of her money was not only in conservative funds, but many of those funds were EXTRA conservative because they were INSURED BONDS .... and let's not forget the stress that woman caller went through.What effect did it have on her health? I do not know if Suzy uses her faith  to gain confidence but I do know someone else who used their JEWISH FAITH to help build his empire... But this person is not a GET OUT OF DEBT GURU.

A COMMON TRAIT OF MANY FINANCIAL CHARLATANS  ... IS GETTING PEOPLE TO BELIEVE THEY ARE A  WISE, KIND AND GENEROUS PERSON... PERHAPS NOBODY DID IT BETTER THAN BERNIE

$50 BILLION SWINDLE

It's nice to know that Christians aren't the only people of faith who are gullible to those claiming to share the same faith


Another name for charlatans  is con-man or con-woman. They know how to gain your trust ...but too often their trustworthiness and nice guy image is just a facade.

 Then there are other well-known Gurus who can ruin your financial life in search of riches

Jon Stewart Slams Jim Cramer

Jim Cramer Market Street Manipulation

These past two videos demonstrate why it can be FOOLISH to depend on anyone's investment advice...include a person with 30 years of Wall Street experience who is 'highly' regarded...as wa Bernie Madoff
 

Michael Lewis Nobody Understands The Stock Market 
I am a big supporter of Donald Trump, but not because of stock market gains, but because of his work to get good jobs back to America, because of his policies towards national security,illegal immigration and against globalism ...if you saw my political site ... you know much of what the mainstream media says about him truly is FAKE NEWS and how they lied by omission about HRC (such as her pedophile past, her fake perception of being an advocate for women and children and more).  Remember that when the economy and the stock markets go in the toilet...probably around 2020 /2021..or perhaps sooner if Democrats take control of Congress in 2018 and try to raise taxes and push Socialism.. 

Now.  let's take a look at your everyday investment advisors.  That INDEX CARD and my 'keep it simple' advice will usually serve most people much better than what you can get elsewhere. I am not saying it is for everyone but for the vast majority , it will serve your purposes better than anything you will pay for...
Financial Advisors Hidden Camera  Report
Here's a little something to think about ... you have $100,000  and over a two year period you gain 50% in one of those years and lose 50% in the other year ...... Do you think that after 2 years you would have your original $100,000? Would you be surprised to learn you have only $75.000 ..a $25,000 loss ....and I haven't even mentioned fees associated with the investment. To re-coup any loss you must gain more than the loss (sometimes significantly) just to get back to even.

You do not have to be a genius to get your license to sell either health related insurance or mutual funds .... and it's easy to look and sound professional (there was even a commercial about this using a long haired DJ cleaned up)  In this industry which is constantly coming up with new sales approaches and benefits to match those approaches ... you must be leery of salespeople and truly make sure you understand ALL GUARANTEES if any exist and ALL COSTS associated with a financial product.  Primerica is definitely a company I would steer clear of...but they are hardly the only ones.

 For the average person out there... paying off debt you can not write off will usually be your best 'return of investment' until it is paid off. Just make sure if you do come into money like the woman supposedly did in this report, that you hold some money back for financial emergencies of up to one year of expenses and you are prepared for large financial emergencies. OF COURSE, YOU COULD GO TO A CASINO AND PUT ALL YOUR MONEY ON BLACK OR RED AT THE ROULETTE WHEEL AND SEE IF YOU CAN INSTANTLY DOUBLE YOUR NEW FOUND WEALTH.

 I HAVE USED BANKRUPTCY ONCE IN 1993   FOR A SMALL DEBT THAT WAS OVERWHELMING  AT THAT TIME, BUT I AM NOT A GET OUT OF DEBT guru ... NOR CAN I CLAIM THAT GOD SPOKE TO ME BUT I CAN TELL YOU I BELIEVE IN THE TEACHINGS OF JESUS CHRIST ... 

 HERE IS MY FORMULA FOR GETTING OUT OF DEBT IF YOU DECIDE BANKRUPTCY IS NOT FOR YOU OR IF IT IS NOT AN OPTION .....  USE THE INDEX CARD APPROACH AS STATED , USE DAVE'S SNOWBALL EFFECT (PAY SMALLEST DEBT OFF FIRST) OR JUST PAY 25% MORE THAN MINIMUM ON EACH CREDIT CARD'S MINIMUM .....IT WILL GET YOU THERE...NOT ONLY THAT,  BY IGNORING THESE GET OUT DEBT GET OUT OF DEBT GURUS .... YOU WILL SAVE YOURSELF FROM LISTENING TO SOME OF THEIR OTHER ADVICE WHICH MAKES YOU RISK, BUT RISKS YOUR FINANCES AND EVEN YOUR LIFE...AT TIMES.

 OR DO YOU THINK NOT HAVING A CREDIT CARD WITH YOU IS WISE SHOULD YOU BREAK DOWN IN THE MIDDLE OF NOWHERE WHETHER OR NOT CELL PHONE RECEPTION  IS AVAILABLE?


FOR THOSE OF YOU WHO HAVE NEVER BROKEN DOWN IN A CAR ...NO MATTER IF YOU ARE OUT IN THE MIDDLE OF NOWHERE OR  A SUPERHIGHWAY GOING THROUGH A ROUGH PART OF A CITY ...LIKE I DID WHEN I HAD MY TWO SMALL CHILDREN WITH ME IN THE EARLY 1990's .... YOU'LL BE GLAD TO HAVE AT LEAST ONE CREDIT CARD WITH YOU. 😂
 FOR MORE FINANCIAL CHARLATANS  CLICK BELOW

IN CASE YOU HAVEN'T NOTICED ... I DON'T TRUST OR LIKE  MUCH OF THE SELF-SERVING   FINANCIAL ADVICE OF DAVE RAMSEY OR ANY OF THE GET OUT OF DEBT GURUS THAT MAKES THEM GUARANTEED TENS OF MILLIONS EACH YEAR...BUT PUTS ALL THEIR  FOLLOWERS AT RISK TO THE LOSS OR UNNECESSARY EXPENSE THAT COULD COST THEM A TOTAL OF UP TO $10,000's OR MORE IN THE COMING YEARS.

 So , on July 1, 2017  I wanted to test Dave's very EXPENSIVE and RISKY INVESTMENT ADVICE against my investment skills {I admit I have none, but I do believe in looking for trends beforehand and diversifying money in more than just mutual funds, especially ones WITHOUT  upfront high sales charges and / or high annual fees }.

 I keep an updated monthly account to see who will win over a 3 year period ... DANGEROUS DAVE THE IDIOT or GLENN THE MORON.  Plus, I show some timely videos each month from people with far more knowledge where investing is concerned than either THE IDIOT or THE MORON.

 Just click here to see how I am doing and to get some current info.

 www.moneymoves17.blogspot.com

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Pyramid or Near Pyramid Schemes

 Only two videos in this area ..each humorous in their presentation
I scammed a Pyramid scheme

 As someone who was first recruited for Amway at age 15 and then two other times in my life... I found this particularly funny...because at age 15  my adult friends (who were successful) paid for my entry ..  and the two other times combined I found a way to join for less than a total of $20 combined ...I never once purchased a product, but during the last two times...my'friends' tried to pressure me to buy some of the over priced items and the tapes and motivational material as well as go to their giant sales meetings. Perhaps if I had, I would be financially independent today or more likely I would have gotten other people involved who would lose money or lost money myself of some magnitude like I did when I went ALL IN on another great opportunity

 10's of millions of Americans have gotten involved at one time or another including me in a search for the good life ...probably less than 1/2 of 1% have ever found it .... but a lot of people have suffered financially and perhaps in other ways too.

31:58


 While, it was only part of the reason my marriage failed, it did contribute and so I lost some thing much more dear to me than money. I lost having my family under the same roof as me and to me at least... I paid a heavy price , and I am not out of line to say my children paid a price as well ...
to see more financial charlatans
click below

















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