protect your wealth from the ra - paul m. king

[...]... inflation is not straightforward The CPI-U understates your personal real rate of inflation by a significant amount The Treasury Inflation Protected Security ETF (trading symbol TIP) is designed to track the changes in the CPI-U and therefore provide a return that matches inflation Figure 2-2 shows the performance of TIP over the same time period as the CPI-U from Figure 2-1 Figure 2-2 Return on investment... some wealth to protect, and need to effectively manage an emergency fund, savings and working capital, and investment accounts The book describes a comprehensive but easy-to-understand step-by-step process you can follow to maximize your chances of success and minimize risk, and also help protect your assets from being ravaged by price inflation I wish you all success with your endeavors to protect your. .. selling your time for money is the least desirable form of income, what's the most desirable? It has to do with the characteristics of the income itself More desirable income has some, if not all, of the following characteristics: Passive Scalable Repeatable Recurring Passive income is income that is earned whether you do anything or not The interest you earn on your checking account balance is passive the. .. fitness, then I'd like to explain what the rest of the book contains so you realize just how much you need this book! The book's title has three main words in it that should be big clues to what the book is about The words are: Protect Wealth Inflation Let's deal with them in order Protect Protection is not about generating a massive return really quickly It's about the other side of the coin: preserving the. .. in the real world They are all “fiat” currencies that exist (and have perceived value) simply by the word and rules of the government that creates them Fiat means “by decree.” Therefore there is no practical constraint on the amount of these currency units that can be created by the government and the banking system because currencies are no longer tied to a physical commodity (as they were when the. .. Some kinds of income incorporate all of the above characteristics, some only one or two, but in all cases any income that incorporates any of the above characteristics is better for your financial health than time-for-money income It's essential that any financial plan includes some ideas and a timeframe for reducing your dependence on time-for-money income and increasing the other types accordingly If... held in your checking account, or even in $100 bills stuffed under your mattress If you are a little more sophisticated, you may have even had the foresight to put this money into an investment that is supposed to be protected from inflation These include the Treasury Inflation Protected Security exchange-traded fund (ETF), which uses the market symbol TIP, and TIPS purchased directly from the US Treasury... 2 explains the problem of inflation in detail This is then followed up by Chapter 3, which outlines step one of my three-step method: how to protect the purchasing power of your emergency fund so it's still worth something when you need it Wealth The second important word in the title is wealth, which is what you want to protect Obviously, if you don't have any wealth to protect because your net worth... your paycheck, credit card statement, and checking account statement seem to go up much more than the “official” figures presented in the CPI? If the CPI says that inflation for last year was at 2%, but your health insurance premiums just went up 10% over the same period, which is the best number to use as a measure of your personal price inflation rate? If the monthly meal in your favorite restaurant... to the one Mr and Mrs Unfit live in However, when the price of houses in their area went up and up, they did not refinance their mortgage, add a second mortgage, or add a home equity line of credit (HELOC) They simply refinanced their existing mortgage at a lower interest rate They even kept their monthly payments the same in order to pay off the loan principal quicker Their mortgage (which is their . permission of the copyright owner and the publisher. ISBN-13 (pbk): 97 8-1 -4 30 2-3 82 2-5 ISBN-13 (electronic): 97 8-1 -4 30 2-3 82 3-2 Trademarked names, logos, and images may appear in this book. Rather. with your endeavors to protect your wealth from the ravages of inflation with the help of this book. Please send questions and comments to me via the contact page on http://pmkingtrading.com. C. Resources Index About the Author Paul M. King is owner, head trader, trading coach, and financial consultant at PMKing Trading, LLC. His background is in information systems, but he moved from technology to the