Category: Personal Finance

Is Reading the New Currency of Financial Freedom?

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“If you watched Warren Buffett with a time clock, I would say that half of all the time he spends is just sitting on his ass and reading.”

Charlie Munger, V.P. of Berkshire Hathaway

Reading has long been a part of my DNA. That can largely be attributed to habits passed down by my parents; my father was a voracious reader, and my mother was a middle school reading specialist for twenty-five years. Whether physical copy or Kindle, it’s not surprising that my most prized possession is a good stack of books in which to immerse myself.

Like you, I am on an ongoing quest for financial freedom. It’s here that books are an essential ‘food group’ in my  self-improvement and lifelong learning pursuits. Each day, I commit a minimum of two hours to autodidactic mode, poring over a great read.

This month’s theme here at Anthem Vault is Read Some Books. As we make the leap into March, consider making a pledge to #BeResponsible for your self-learning by grabbing a book and reading it today.

Given Anthem Vault’s focus on sound money as an essential element of financial freedom, I thought I’d personally recommend five books to help jump-start your reading pursuits. 

Basic Economics: A Common Sense Guide to the Economy by Thomas Sowell

This book offers a comprehensive look at how the global economy really works, as well as timely prescriptions for advancing our world order. Be prepared for lots of reading with this telephone book-size tome.

The Real Crash: How to Save Yourself and Your Country by Peter Schiff

Lots of shocking predictions in this book, albeit some a bit far-fetched. But I found it quite informative, particularly its perspectives on the future of  gold markets.

Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey

Seeking real-world suggestions for managing your financial affairs? Then this book is a must-read. And the money app EveryDollar  that accompanies it is a gem.

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#BeResponsible: Networking Challenge

Waiter Serving Food To Customers At Table In CafeThere are SO many ways to network in your city or town. Websites are all over the place helping individuals, companies, and groups find like-minded friends and colleagues to expand their network and overall spice for life!

I’ve made a list of a few options when looking for a meet-up of like-minded folks in your area.

Try out:

  • Meetup.com: This is the number one place to find all the topics/interests you can dream of! Have a passion for small, white, fluffy dogs? There’s a meet-up for that! Love underground techno music, yep other people do too, and want to meet you! Want to talk to other entrepreneurs to learn about the struggles of starting a small business? They are probably your neighbors! Sign up. You won’t regret it.
  • Reddit.com: Either you Reddit or you don’t, but I promise, once you start you can’t stop. Most towns have their own ‘sub-Reddit’. A place where you can bitch about parking violations, how people drive, and the dogs who poop in your yard. It’s also a place to find like-minded people and start a conversation!
  • Eventbrite.com: This gives you a chance to browse the latest posted events in your area and get tickets! You can also use this site if you want to start your own networking event! (pro tip: offer free food to get your first round of new comers!)
  • Facebook.com: This goes without saying. Type whatever interest, hobby, or profession that interests you in the top search bar along with your city/town and surely you’ll come up with some active groups in your area. If you don’t, maybe it’s time to build an online community to find more like-minded people!

Perhaps you use another tool? Please share your expertise in the comments section and we’ll add it to the list!

Now onto the challenge:

From now until the last day of February (29 days this year! #leapyear), try and attend ONE meetup. Check one out, expand your network. While you’re there, take a picture and post it to your Instagram. Seriously…so much reward for rewarding yourself. #BeResponsible means to grow in success in 2016. Use this challenge to take a step in the right direction.

Questions about how to find the right meet up? Ideas or tips for other networkers? Let us know: support@anthemvault.com. Best of luck and don’t forget to submit your photo to the challenge!

Is Housing a Good Investment?

Broken Picket Fence ResizeA recent Vox article has renewed the old adage that ‘housing is a good investment.’ While the author makes some salient points, this statement in general can lead some people into a trap.

Is a House an Investment or Consumption Good?

The author admits home values don’t increase much more than inflation on average, but then he tries to explain how they are still a good investment because if you own a home you can live there rent-free, which is “like a de facto dividend.” Let’s stop right there for a second.

It is a little odd to consider residing in your home as ‘paying you a dividend’ simply because you don’t have to pay rent. If I buy a car with cash, I don’t really consider the car ‘paying me a dividend’ because I do not have to rent or lease one. Yet there is a grain of truth here to untangle.

First, we need to start with a proper definition of the word investment. An investment is an asset purchased with the expectation of creating wealth, either in the form of generating income or appreciating in value. Therefore, it is not purchased for the purpose of consuming it today.

Houses are very much a consumer good, because we use them for shelter and derive a consumption benefit from them. Furthermore, the actual housing structure degrades with time and wear-and-tear, much like a car. Roofs leak, furnaces need to be replaced, and appliances break.

However, there is some truth to housing being an investment because a house is not just the physical brick and mortar structure, but also the land and property rights, which usually do not depreciate and tend to keep up with inflation. 

Anthem Vault Customers: Free T-Shirt Friday!

Have you opened your Anthem Vault account? Have you been waiting to finally make your first gold and silver purchase? This Friday will be a great opportunity to make your move (even if it’s not your first!). All orders placed this Friday will earn a complimentary t-shirt from Anthem Vault!

Anthem Vault makes it so easy to begin saving in silver and gold, without the hassle of storing and selling the physical coins in your possession. You can place an order for as little as $25, select your choice of gold or silver, and liquidate your account directly into your bank account at any time.

Haven’t tried it yet? Friday will be an awesome day for it. Customer service will be standing by with any questions (1-855-428-2858)! After you make your purchase, whether it’s your first or your 20th, email us at support@anthemvault.com with your desired t-shirt size (we’ll do our best to accommodate) and mailing address to which you’d like the shirt delivered.

It pays to #BeResponsible! :)

Build a Network to Help You Succeed!

Professional Business People Working in the OfficeThe entire month of February we will be covering topics on networking. To some people, networking just seems like stuffy cocktail parties and useless business cards that end up in the trash, or are used as a toothpick. That’s not the case at all. Networking can become your foundation of support in your professional and personal endeavors. Networking can launch you into places you never thought possible. Networking could save you when you hit your lows. As cliche as it is, truly who you know can be just as important as what you know.

To get started, here are three things you can do right now to prepare for networking events that come your way:

  1. Order business cards. Vistaprint.com does small batches of great looking cards for cheap. (Pro tip: always check for a coupon code on the site or check coupon alert sites. You’re bound to find an additional 15%+ off)
  2. Sign up for Meetup.com. I met some of my best friends and former employers through meet-ups, and learned a TON!
  3. Open a networking calendar for yourself. This can be through your calendar app on your phone or perhaps a physical notebook. Being prepared for when the opportunities come up is key. This way life stays organized and you don’t miss appointments with new connections and friends that could change your life!

We are excited to explore with you and share our experiences. By the end of this month, you should feel more confident in your networking abilities, and hopefully attended some events (challenges to come that include prizes!). #BeResponsible

#BeResponsible Giveaway: This Friday All Orders Will Include “Silver Sprinkles”

Cupcake pinkAny and all orders will receive a bonus this Friday as our fairy-warehouse mothers sprinkle some extra silver into every order! Don’t miss out on some bonus metal – it’s easy to earn! Just add promo code: SILVERSPRINKLES

Our 2016 theme – #BeResponsible – is empowering customers and readers everywhere to become financially responsible and successful. The month of January started with creating a winning budget for the year, and next month we will explore the benefits and strategies on building a Grade A network. Please join us and share what you’ve learned along the way to us at support@anthemvault.com or on our Facebook pages!

http://facebook.com/anthemvaultinc