Getting it Right - Welcome

The goal of this blog is to publish my thoughts on a variety of economic and political topics in the hopes that people who find them educational or beneficial will utilize them and/or forward to others who might find them interesting and/or worthwhile to promote to others, possibly including politicians who can push some of these ideas to fruition. The topics in my blog are meant to be of value on a long term basis, not a daily diary or political issue of the day log. If the information posted is useful to you, by all means utilize it and/or forward it as you see fit. If not useful, then merely ignore it. There are no universally agreed upon truisms and too little tolerance between some of those with opposing viewpoints to successfully convince the people with hardened opinions to move away from them. I am an analytical type person who will try to be as factual as I am able.

I disdain the current popularity of name calling and condemnation of viewpoints with no factual alternatives or logical solutions given that I see so often. If you don't have a solution based on fact and logic, then opt out of the discussion because you have nothing to contribute. My background is a degree in Economics from the University of Michigan and 39 years working in middle management jobs for a major retailer. My opinions are forged on the personal experence of life, family, friends, and work as well as triumphs and mistakes that I have made and hopefully learned from. My hope is that this blog helps you.

My first topic will be about personal finance. I chose that one first because most of us work long and hard just to survive but not all of us realize our dreams of becoming financially independent from the labors of our work. Much of our political votes/thinking also focus on the economy and in particular how well we are personally doing financially.

It is relatively simple, without sacrificing the enjoyment of living for 'today' and even at moderate incomes, to retire as a millionaire or multi-millionaire, if you focus on that goal consistently from a young age. It is also simple to ensure that your child or grandchild retires rich. It merely requires a one time gift of just $2,000 invested wisely and the passage of time. Please read my first post on this blog to learn more.


An index/schedule of past and future posts and their dates will always be updated so that it becomes the first post that you see below. If the date of a post that you wish to read is preceded by the word "Posted", then find it below or click on the title in the Blog archive to review.

Blog Archive

Monday, August 24, 2020

Racial Income Inequality is Self-Inflicted

 

It is a statistical fact that only 10% of married households with children live in poverty. The poverty rate of single households with children is roughly 50%!! Back in the 1960s, prior to the start of the Democratic “Great Society” welfare programs that within 10 years increased welfare by a factor of 20, 3 out of 4 black babies were born to married parents. Today, just the opposite, 3 out of 4 Black babies (and 1 out of 4 White babies) are born to single parent households – the engine of poverty!! The most basic reason for income disparity is that Black educational achievements are the lowest of any race. In relation to total population, Blacks drop out of high school in far greater numbers relative to race population than any other race. Blacks enter and graduate college at the lowest rates relative to race. In many big cities where Black populations are statistically higher compared to Whites than the Black national population, the average spent per year per public school student is about $20,000 each, double that of the national average!! So we are spending the money to educate Blacks. Finally, Blacks commit crimes at 8 times the national average. Jail is not a good place to earn income. These are the issues (Single parent households by design, Education, and Crime) that Blacks need to fix and only they can do that. Otherwise 50 years from now nothing will have changed

Friday, August 21, 2020

How to Stop Illegal Voting

 

If another nation or organization tried to overthrow the legitimate government of the United States by military force, all of us would fight back and kill those that tried to take away our freedom to govern ourselves. However, that is not the only way a legitimate government can be overthrown. For example, enough illegal votes from either non-citizens voting and/or from citizens cheating and/or voting multiple times either under their own name or that of others, including dead people and nursing home residents, if large enough in number, could also overthrow the legitimate government of the US by preventing that legitimate government from being honestly elected and thus taking office.

The end result is the same as a military takeover and should be viewed and treated the same – an attempt to overthrow the legitimate government of the US. The penalty should be severe - automatic execution of those who vote illegitimately - no exceptions.

Thursday, August 20, 2020

How the Democratic Party Tricked and Betrayed Black People

In 1964, when Democrats, whose history from Day 1 was to enslave and deny Blacks their rights through slavery and later through segregation, property and voter suppression, and discrimination, lost the battle to to stop the 1964 Civil Rights legislation from being passed, then Democratic President Lyndon Johnson came up with a plan to, in his words, have Blacks vote Democratic for the next 200 years. He came up with the Great Society Welfare programs vastly increasing welfare by 20 fold in the next 10 years and deliberately targeting more benefits to single women with children. The idea was to move Blacks to the unstated “Government Plantation” to keep them dependent on welfare. Half of single parent households with children live in poverty versus only 10% of married households with children. Education is the key to adult financial success. Since 1964, Black births which were 75% of Black babies born to married households then deteriorated to 75% of Black babies born to single parent households now. In addition to being poor, fatherless children perform worse in school and are more likely to commit crimes. Those two factors keep people poor and dependent on government. Democrats oppose raising educational achievements in poor urban areas through charter schools to keep Blacks uneducated as much as possible and to support public school teacher unions. The only fix for this – Vote Republican, the only party that freed the slaves and fought consistently for the rights of Black people.

https://www.youtube.com/watch?v=g_a7dQXilCo&list=PLRgsJJy0LGRTl3axkxBC5hnqMe1miUbSK

https://www.youtube.com/watch?v=OURy5WFp0zk


Sunday, August 16, 2020

Mail In Voting - A Recipe for Cheating

How come the liberal news media never reports on these problems, and in fact denies that there are any problems with mail in voting? Nor does the news media distinguish between the TWO TYPES OF MAIL IN VOTING - requested absentee voting by registered voters (not a problem) VERSUS mass mailing of non-requested mail in voter ballots to everyone whether they still live at those addresses (1 in 10 Americans move each year) or are even alive (huge problem that should not be allowed). Plus the practice of "ballot harvesting" where an individual collects ballots from multiple voters and turns them into the state or doesn't turn them into the state is a sure recipe for fraud. Why didn't the news media report that 6 million mail in ballots in the 2016 Presidential election were lost? Seems kind of important. See link:

https://www.realclearpolitics.com/articles/2020/04/24/28_million_mail-in_ballots_went_missing_in_last_four_elections_143033.html?fbclid=IwAR24__Ya1CVVfTYauJxEd9y-Cc-5G8x40qTOVo-sr4EhsN7Ps00N0w65eM8

Monday, August 10, 2020

Financial Advisors – Just Say No

 I do not believe in Financial Advisors managing my money. Here's why. Most take 2% of the ENTIRE value of the assets (not just 2% of the gains or losses) in fees each year. Plus the S&P 500 index, which costs you nothing to buy and sell at most brokerage firms (ETF symbol = SPY) outperforms financial advisors 70% of the time. If 2% fees don't sound like much, think again. For example, if they had a good year and your assets went up 10%, they take 20% of your gains as fees. Likewise, in a bad year where your assets went down 10%, those fees add 20% to your losses. If your assets went up 5% for the year, that 2% takes away 40% of your gain, and if your assets only went up 2% for the year, that 2% fee takes away 100% of your gain (while a 2% loss, is doubled by that 2% fee to a 4% loss).