We are moving towards a cashless society. This was already true even before the invention of Bitcoin and other cryptocurrencies. Cash transactions have been decreasing over the years as more and more people opt to use credit/debit cards, Paypal, Venmo and other online banking platforms. For those concerned about the lack of physical tangibility of digital money such as Bitcoin, you should realize that most of your money is already just a number in an online database. Continue reading
Let me preface this article by saying that I am extremely fortunate to have been born in an Western nation and had the opportunity to grow up in a place of relative stability and prosperity. Often people from such nations, who have never traveled abroad themselves, cannot even fathom why a person would choose to live abroad. However, to the exponentially growing number of male expats that I have met abroad, the reasons are abundantly clear. Continue reading
Things are getting a bit loony in the USA. Hysteria has become the standard reaction to almost everything, overwhelming and desensitizing the public, and preventing them from being able to distinguish where real concerns actually lie. When everyone who disagrees with you is Hitler, such language loses its potency, and thus in turn we lose the ability to identify actual threats. Continue reading
Whenever I’m visiting the United States, I always take advantage of the opportunity to upgrade my computer, smartphone and wardrobe. For when it comes to purchasing consumer goods, the USA has some of lowest prices in the world. However, when it comes to paying for the following items, I cringe at how badly Americans are being ripped off. Continue reading
Do you want to start your own business, travel the world or simply just spend more time with your family? Whatever your dream is, don’t let personal debt get in the way of it. There should be a mandatory class in school which teaches people the following facts regarding personal finance, given that common misunderstandings so often create long lasting problems and stress. Continue reading
Fundamentalism: a movement or attitude stressing strict and literal adherence to a set of basic principles.
When we think of fundamentalists, our minds most often jump to pictures of zealous religious followers who are willing to denounce both logic and reason to protect their beliefs. However, fundamentalism can exist in many different forms. Even scientists can become fundamentalists within their own disciplines and refuse to accept evidence that may contradict with their beliefs. We even now have atheists who ironically promote atheism as fervently as many missionaries promote their own religions. Continue reading
Many institutions in the United States have becoming increasing predatory over the past few decades, among the most notably being: student loan providers, mortgage loan providers, credit card companies and the health care industry. While some of this debt is accrued through misfortune or bad decisions, a good chunk can be accredited to the debt holder having been misguided or misinformed. Many of these industries prey on a person’s sense of self worth and convince them that they are buying a ticket to the American Dream. In reality, they are more likely buying a ticket into indentured servitude. Continue reading
The English economist Adam Smith wrote in his 1776 book The Wealth of Nations:
“Every man is rich or poor according to the degree in which he can afford to enjoy the necessaries, conveniences, and amusements of human life.”
While the obvious translation of this is that the more that you can afford, the richer you are, one does not necessarily need to earn more money to become richer. Instead, one could simply place themselves in an environment where they can more easily afford the necessaries, conveniences, and amusements of human life. Continue reading
The transition from the Industrial Age into the Information Age has caused a dramatic shift in the inner workings of the world economy. The fundamental elements to which we are attaching value are drastically changing. In the Industrial Age, we would provide labor in return for money. People worked in factories, performing value adding processes to create physical goods which were to be sold at a price higher than that of the materials, rent and labor costs that went into producing them. The labor may have been non-stimulating and repetitive, but nonetheless, one received a paycheck for producing something tangible. In the Information Age, people are now giving away their attention and personal information to organizations, which are making record profits by packaging together and selling to advertisers all the data that they collect.
President-Elect Trump stated during his victory speech on election night that “the forgotten men and women of our country will be forgotten no longer.” These forgotten men and women, who live primarily in the “fly-over” states and who are often the punch line of the jokes made by the liberal coastal “elite,” were the ones who carried Trump to victory. While the poles leading up to the election seemed to have forgotten to include these individuals, Donald Trump had addressed them by name. And these citizens thanked Trump for acknowledging them by electing him President.