Cheapo Groovo

Why The Cheapo Groovo System Works While Other Fail!

In a nutshell, STATISTICS. 60% of new businesses fail within their first five years.

My system applies the same diversification techniques used by stock investors to employment. Why specialize and bet the farm on one career? Instead you should have multiple income streams!

With my system, you are using assets, avoiding liabilities. You perform tasks that you were doing for free but now get paid for (searching, clicking links, watching videos, opening emails). You are not spending tens of thousands on a college education that will be useless, obsolete, or outsourced. You combine practical entrepreneurship, with a frugal lifestyle, with a proven investment strategy!

My favorite income stream is selling covered calls. Did you know that over 75% of options expire worthless?  That means I keep my option premium and can repeat the process all over again.

Unlike network marketing systems, you will earn income even if no one joins underneath you. And unlike the touts and come-ons all over the Internet, I document all my income streams.

Just how rich are the money changers?

USA Borrowing Costs Increase Once Again

Stat: For every tril­lion dollars the gov­ern­ment bor­rows, a one basis point increase in inter­est rates trans­lates to an extra $100 million in annual bor­row­ing costs.

Looking at the 10 year Treasury, it went from 1.756% on January 1st to to 1.863% today. That is 11 basis points!

January 31st UPDATE

The 10 year is just under 2% (1.99%). That's another 13 basis points. So add $1.3 billion in annual interest.

Credit Card Payment Calculator

Put a Credit Card Payment Calculator on your site!

Derivative Danger Lurks in 2013

I wrote about this before, but my words have not been heeded! So let me remind you of the reality once again. $600 trillion in gross notional derivatives backed by a tiny $600 billion in real assets: a whopping 0.1% margin requirement!

And instead of calling for justice, we are accepting austerity!

Numerous top economists say that the bank bailouts are the largest robbery and redistribution of wealth in history.

Why was this illegal?   Well, the top white collar fraud expert in the country says that the Bush and Obama administrations broke the law by failing to break up insolvent banks … instead of propping them up by bailing them out.

The Treasury Secretary lied to Congress regarding some fundamental aspects of Tarp – like pretending that the banks were healthy, when they were totally insolvent.  The Secretary also falsely told Congress that the bailouts would be used to dispose of toxic assets … but then used the money for something else entirely.  Making false statements to a federal official is illegal, pursuant to 18 United States Code Section 1001.

The Best Tax System

0%.

Did you know that we had no federal income tax until 1913 and no withholding until 1943. So what did we do until then to operate?

If we need a system, it should be a flat tax on all income (including passive income such as capital gains, dividends, MLP distributions, etc.). We could make the rate 35% but exempt the first 30K of income (the yellow line).

Credit cards being used as ATMs

Americans cranked up their use of credit cards in the third quarter, racking up more debt than a year ago, while also being less diligent about making payments on time.  The average credit card debt per borrower in the U.S. grew 4.9 percent in the July-to-September period from a year earlier to $4,996, credit reporting agency TransUnion said Monday.  At the same time, the rate of credit card payments at least 90 days overdue hit 0.75 percent, up from 0.71 percent in the third quarter of last year, the firm said.

29.6% of the cards issued by lenders in the third quarter went to nonprime borrowers (poor credit score).

Now the real problem =>> US Average Hourly Earnings is at a current level of 23.58, down from 23.59 last month. This represents a monthly annualized growth rate of -0.51%, compared to a long term average annualized growth rate of 2.47%.

Debt is pilling up faster than income. Can you smell the next financial collapse?

Use only high value coupons

Many stay at home moms spend hours upon hours finding, printing, and organizing coupons. I've given that up since it is a time waster. Instead I use the price book along with high value coupons. It gives me the most savings with the least effort. I brought my own bags (10 cents), used a BOGO for Starbucks ($1.89), used a Green Fest coupon ($1 off toilet paper), and a Facebook coupon for a free pizza ($2.50). I saved $5.49 simply by collecting only high value coupons and living my day as I normally would.

High_value_coupons

 

The Way It Works ~ for liberals and conservatives

 

 

 

 

You get your education, work, but nothing every changes #video