The World's Best Book Summaries
What’s fractional reserve lending? Is it ethical? Edward Griffin asserts that the Federal Reserve facilitates and legalizes fraud by allowing banks to engage in fractional reserve lending. He explains what the practice is and argues that it’s not ethical. Read more to understand this prolific banking practice.
What adverse effects will the damage from Hurricane Ian have on homeowners in Florida? Why is it so hard to get insurance in Florida? In addition to ransacking Florida, Hurricane Ian left Floridians with a new set of problems: property damage expenses and rising insurance premiums. Additionally, the housing market is expected to take a huge hit, possibly reducing house prices by up to 50%. Continue reading to learn about the financial damages from Hurricane Ian.
What is an asset-based community development approach? Why should you focus on assets when reducing poverty? In When Helping Hurts, Steve Corbett and Brian Fikkert say that sometimes outside resources are not the solution to reducing poverty in communities. Instead, you should first look at what the community already has and work from there. Below we’ll look at how assets can change how you approach poverty alleviation.
Why is there a national debt relief lawsuit? Why do some opponents call Biden’s plan illegal or unfair? Millions are cheering President Biden’s plan to forgive hundreds of billions of dollars in student debt, with about 40 million people eligible to benefit from the plan. However, others are calling the plan unfair, inadequate, and even illegal. Read on to learn about the national debt relief lawsuit and why Biden’s plan has fallen under criticism.
What is microfinance? What are a few microfinance models? Microfinance is a particularly effective tool for catalyzing long-term development and helping poor people in developing countries improve their lives and businesses. There are three microfinance models that churches can get involved in to help those in poverty. Let’s look at what microfinance is and the three models that churches can use.
What is poverty in the United States like? How can we solve the poverty issue in the U.S.? Steve Corbett and Brian Fikkert, the authors of When Helping Hurts, point out that churches are often best equipped to help the poor in their own communities. While missions to alleviate poverty in developing nations may get more press, there are still poor communities in America. Let’s look at a clear picture of what poverty looks like in the contemporary United States.
Are you looking for a friendly, easy way to learn more about personal finance? Where can you find personal finance resources you can trust? Personal finance is…well…personal. Some want to get out of debt, some want to save for a big-ticket purchase, and others want to build serious wealth. No matter what your personal finance goal is, there are hundreds of resources to help you find the path that will get you there. In this article, we’ve rounded up a list of the best resources, including blogs, books, and podcasts to help you navigate your unique personal finance journey.
Have you always wanted to invest but felt like you don’t have enough expertise or acumen? Are you considering the services of a professional investment advisor? Many people who aren’t well-versed in finance believe they need professional advice to invest profitably. However, professional investment advisors don’t possess any secret knowledge about the market. In fact, they tend to err on the side of caution when giving investment advice, and cautious advice means moderate gains. Here’s why professional investing advice is overrated, according to Peter Lynch.
What are NFTs and how do they work? What makes NFTs so valuable? How can a piece of art that can be screenshotted and viewed online for free now sell for millions? And, finally, are NFTs here to stay, or are they just another bubble waiting to burst? If you are interested in learning about NFTs (non-fungible tokens), but struggle to get your head around what NFTs are and how they work, take comfort in the fact that you are not alone. Many people are baffled by the NFTs and their insane valuations, some breaking hundreds of millions of dollars.
What is Peter Lynch’s investing strategy? What kind of stocks should you buy, according to Lynch? Peter Lynch is a legendary investor and former manager of the Fidelity Magellan Fund. In his book One Up on Wall Street, Lynch shares his advice on how to win in the stock market. His formula is simple: build a portfolio of stocks based on your risk tolerance, ignore hype, and trust your own judgment. Let’s look at Peter Lynch’s advice for stock market investors.