We frequently get questions from our websites from visitors. Here are a few I answered in very unconventional ways. Here is his email to me…

Burning Financial Questions

My single biggest question(s) when it comes to creating financial freedom for myself or teaching my kids about money is(are)…

1. What world currency is the most stable/reliable jurisdiction to sustain cash reserves?

2. What is your “take” (position) on the rates of inflation and currency value of US Dollars?

3. What criteria do you recommend for putting cash “to work”?

4. Does your curriculum address issues of: a.  personal productivity, b.  use of time, c.  assets” [tangible (liquid/semi-liquid)] and[ intangible (example:  education), d. Lifestyle choices that address consumption, saving, investment, giving.

5. What is your definition of “Financial Freedom

James

My answers to him…

Hi James,

Thanks for the questions though I don’t think I’m going to be all that helpful.

1. I have no idea…to me, the best currency is one’s talent and creativity. That way you see opportunities everywhere to create cash whenever you need it, regardless of what currency you use to buy groceries.

2. I don’t pay attention to stuff like this. It has never mattered to me. As I mentioned in #1, as long as I can always make way more money than I need (I didn’t say ‘earn’, I said ‘make’), inflation and the currency value of US dollars doesn’t affect me.

3. The only way you can put cash to work is to put in into an asset that will produce cash flow somehow. Real estate that produces positive cash flow (rents), stocks that produce dividends and you can sell covered calls on, creating businesses that produce regular profits without you having to do most of the work.

4. Our curriculum addresses: yes, yes, yes, yes.

5. My definition of financial freedom is simple: when I have more than enough money coming into my life than going out and able to do whatever I please, I am financially free. That being said, not making the money in your life mean anything about who you are as a human being is a secondary, and critical aspect of, the first part of the definition because without the second part, you’ll never really experience the joys of the first part.

Thanks again…E