Did You Listen to Your Financial Advisor?
I know it might be a bit late for this current crisis in your life but when the #COVID-19 subsides I strongly advise everyone to look at this as just another unforeseen happening. Then think about and do something about the advice that banks and advisors have been giving for decades. Create an emergency fund for the possibility of six months or better with no income.
This was usually a guard against potential job loss but it applies equally here. With all the shutdowns yet to occur, you might be laid off. If not then for sure you must have seen people stocking up on - in some cases hoarding - certain things from the supermarket. Stocking up means buying extra - with what? If you immediately thought about your credit card you are in trouble.
Many years ago I was a financial advisor and for sure gave the same advice. Most people ignored it. Thank goodness I followed it myself. As just mentioned, this does not mean increasing your credit or credit card debt. That way lays disaster. You are adding to the first crisis or problem with a second one - throwing fat onto the fire.
The usual excuse was that nobody could afford it. I once wrote an article pointing out places most people could find extra cash if they had the willpower, not the means.
There are lots of lists out there of what things to stock up on for an emergency - essentially the basics of life so I won't repeat them here. Cash or available funds however are also one of them.
So here are some of those items I once wrote about. Just remember your #CORONA experience when you ask yourself if any of the following are VITAL and CRITICAL to your life.
Can you at least cut down on (and put into your emergency fund):
1. Beer, wine, or other beverage?
2. Your monthly TV or entertainment package?
3. The need to have the newest, biggest TV to watch nightly?
4. Meat - one of the most costly forms of food. Buy cheaper cuts and learn how to cook them.
5. Going to movies?
6. The latest and greatest phones for both you and your kids?
7. New clothes or fashions?
8. A new car? Buy smaller and pre-owned for a couple of years. I always do this.
9. Vacations? Do a staycation once or twice and add a bundle to your fund.
10. Reno's and furnishings. This is very rarely vital. The same applies to the size of your home.
While you are at it, involve your kids in the discussions. It will be a great life lesson and a good test for your parenting ability.
#thebrewsterblock
Friday 13 March 2020
Wednesday 11 March 2020
Best Corona Article by Colin Berkshire
Read This COVID-19 Article People. Then Get Some Sleep
This is by far the best article I have read on the #COVID-19 virus. Read ALL of it:
https://talkingpointz.com/coronavirus-get-over-it/?fbclid=IwAR0d05uEG_AZvvCTj3VyxESpV9T4z6k4E7lem0iBvpvz8zBmcSBDoc_RhWg
Thank you Colin Berkshire. If people would read this and follow it the Markets and general health of people would be a lot better off. Take note of the advice about masks. I have been saying this myself. A virus will pass right through a mask and some will collect in it.
If posting this helps just a few of my readers feel better then I have accomplished something. Thank you again W.R. for posting it on Facebook.
#thebrewsterblock
Monday 9 March 2020
More Snake Oil for Corona COVID-19 From Jim Bakker
This Guy Did Not Learn His Lesson
Have a look at this:
https://www.msn.com/en-ca/news/world/ny-ag-hits-jim-bakker-with-cease-and-desist-order-over-alleged-coronavirus-cure/ar-BB10Xnjd?ocid=spartandhp. Scroll to the end.
Many won't recognize this character but more probably will. He was sent to prison for fraud years ago after bilking millions from innocent believers and now look what he is up to. He even cried when they took him away years ago - not crying now.
The AG of New York has apparently sent a cease and desist order to Jim Bakker ordering him to stop promoting “Silver Solution” as a remedy for the coronavirus. Google Jim and Tammy Faye Bakker if you want to know more about him. She passed away.
Next he will be offering stays in (now defunct) Heritage USA to be cleansed and sanitised in luxury. You might even enjoy Tammy Faye's sprit singing to you. It would not surprise me.
Some people will demonstrate the worst of our human character when others are desperate. This is another example.
As a suggestion if a corporation really wants to be a good citizen then any who manufacture masks and sanitizers should make efforts to get people to stop hoarding them. How about REDUCING the price and asking retailers to limit quantities to each customer?
As a suggestion if a corporation really wants to be a good citizen then any who manufacture masks and sanitizers should make efforts to get people to stop hoarding them. How about REDUCING the price and asking retailers to limit quantities to each customer?
Unfortunately on the mask topic there is a mixed message here. Some authorities were saying that they don't really work when you walk around breathing through them. They are meant more for those already infected so that their breath, sneezes, and coughs don't go directly into the air. Also if you wear them too long they can possibly collect the virus as it is being filtered making the person wearing the mask sick.
The problem here is that in the next sentence they will ask that the masks be left for care givers who need them. I assume the caregivers are not sick and hence not spewing out the virus. On the other hand how can they protect care givers against intake by wearing them but not citizens on the street?
This needs clarification.
Let me close by observing once again that most people are still sneezing and coughing into the air. They are also not washing hands properly, holding or rubbing them very briefly under the tap with no soap.
Jimmy boy is not the only one who has not learned a lesson yet.
#thebrewsterblock
Saturday 7 March 2020
God Bless America (New Found Verses)
Please Forgive Me Irving Berlin
God help America
Land that we loved
Whisper to her
To show her
You still care
With a light from
above.
From the right wing
To the left wing
Those who tarnish her
good name
God help America
Remove their shame.
God help America
Seeking a way
To caring
And sharing
To the soul you gave
her every day.
From the east coast
To the west coast
North and south please,
help us all
God help America
Once more stand tall
#thebrewsterblock
Friday 6 March 2020
Schumer: Another Mess You've Gotten Us Into
Thanks for Nothing Chuck Schumer
You can tell a lot about a person by image and first impression alone. Take JFK or Obama or George H. W. Bush for example. You know they were first class and highly intelligent. They had charisma. Take Trump - please. He has none of that.During the impeachment hearings I admired the way both Pelosi and Schiff handled themselves even though they were not victorious. They were well spoken and passionate.
Then there was Schumer and Nadler. It is hard to imagine JFK and Nadler on the same stage for example. He has all the enthusiasm and charm of Newman in Seinfeld.
But this is about Chuck. He certainly did not do any Democrat any favour by attacking Judges of the Supreme Court. If the Democrats were ready to climb the last stretch of Everest and place their flag at the summit, he just kicked them back to their last camp and maybe into a crevasse.
Just look at the eyes peering over the glasses. He is acting - performing for the crowd. He reminded me of Bob Hope. Loved by many, he had a certain annoying delivery. He would tell a joke and the punch line and then get a smirk on his face and wait to see the crowd's reception of it. Chuck does the same thing by looking over his glasses. It is like "How was THAT one - really good right? I'm really clever right?"
Wrong. You played right into Trump's hand and his people's. Criticism of a Court decision or expressing an opinion on a pending one is OK, but naming judges and threatening them is absolutely wrong. And that is what you did Chuck. Dance 'till the cows come home. Sorry, that's an image I don't want to see, especially if he is peering over the specs.
Watch the re-run and observe your eyes. Don't ever run for President. You will lose on your first speech.
#thebrewsterblock
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