Saturday, November 12, 2016

IBOM has BOMBED. Now What will You DO?!?

Well, how about this new development. Does this come as a surprise that IBOM has been shut down from the inside for restructuring?

As of July 4th, 2015,IBOM has shut down and all the depositors need to restructure their accounts or lose them. I have lost mine.

I really don't mind because, to my mind, there is nothing to lose. After offering billions of BVK to anyone who could show me how to convert any amount of BVK to any other international currency and NO ONE came forward, I can only determine that there is no value whatsoever in any amount of BVK. Billions of BVK are of no value to anyone so what value would there be in one or a million BVK?

Anyone who is foolish enough to have any dealings with any bank organized by any self-proclaimed king of Bougainville is a fool indeed. Hopefully the fool learns and does not repeat the mistake anywhere else in the world.

I am not going to have anything further to so with Bougainville unless I happen to be world hopping and want to stop in on a beautiful island in the south Pacific. I'll buy some of the local currency and spend it on the island. Other than that, God Bless Bougainville and her residents. Goodbye.

As for Financial Hope, I'll be suggesting real world ideas I have learned that have made me thousands of dollars.

The first idea I'll suggest is an easy one that will get anyone started. That idea is this:

START SAVING MONEY NOW. This is a savings fund that you never spend until you turn 75 years old. You might decide to start spending at age 65 but, considering how old you might be right now and how old you likely will be when you die, I like to think of health really beginning to decline at age 80-85 which means you will begin really spending your money fast due to health issues. Therefore you will need a large amount in the pot in order to be safe up to the age of your death. That is why I propose keeping the pot growing that extra 10 years.

The Law of Compounding really does it's miraculous work in the last few years.  You need, really, at least 30-40 years before you need to start diminishing the principle. If you have enough in the pot even if you are only getting 8% the interest will keep you flush and not required to work in order to live. If you have to start drawing from the principle too soon there will ultimately be nothing left by the time you would have to or want to turn it over to someone else.

At some point everyone turns his assets over to the next generation. You remember hearing about Mr. Trump, the billionaire? When he died, his family was asked how much he left behind. His wife tactfully replied, "All of it."

And that's 'bout it. Then there was his will. When his children sat before the attorney for the reading of the will, he smiled and read, "I, Donald J. Trump, being of sound mind and body, I spent (and enjoyed) all of my money while I was alive. I urge all of my children to do the same: earn lots and spend it doing good for other people."

This is not a discourse on D.J. Trump. It's a laugh and a hope you consider the words of John D. Rockefeller who said something like, "I believe it is my duty to make money and use it for the benefit of my neighbors. This is what my conscience tells me." Using your money to bless others can be done, of course, by spending your money, buying their services, allowing them to work for you and giving a generous tip. You'll leave very happy people who will be very happy to make you happy again. Now, that's a good capitalist process.

So, here is the idea for Financial Hope for Everyone:

Start a Smart, Sound, Stable and Secure Saving System. Take a TITHE.
  • Start Saving Now so that you will be able to bless other people's lives by purchasing their services when you are older and no longer working for your living. 
  • The First Rule of Savings: Every Dollar you earn puts a Dime in your Retirement Fund. You give a dime to God, right? So give a dime to yourself. If everyone else can't live on 80% of your earnings, they better tighten their belts! 10% goes to God, 10% goes to you. God will help you.
  • Don't spend ANY of it until you are 75. This is not your emergency fund. It is your SAVINGS fund. It is your golden goose you are growing; DON'T kill your Golden Goose ( unless you are dying).
  • The Second Rule of Savings: Risk is to be eliminated. DON'T LOSE YOUR MONEY TO RISK. Protect your money. It is not to be risked. Completely VET every investment. Remove all risk possible to remove. In so doing you can still get guaranteed 18% and more. I am doing it. You can too.
  • Make it FUN. Learn to protect and grow the fund HOWEVER you might spend a small portion of the INTEREST the principles earns as you invest as a reward for growing the fund, but only a small amount. Earn $100, take your sweetie to a discount movie and a milkshake (maybe popcorn). GROW THE FUND WITH FUN.
There is the First Idea of Financial Hope. Start today. Open up your Internet right now. Start a separate saving account, a separate bank or stock trading account. This is not just a partition account from your main account. This is a totally separate online bank or other financial organization that is safe and protected.

Start an automatic withdrawal to go to your chosen savings account. Make the amount small enough that it won't hurt when it is withdrawn. Forget it for a while, like 6 months. When you check it you will be very excited. Now you have more tools to work with.

Do not use this money for your education, even your financial education. If you do you won't have anything to work with when you get your education! Use your 'spending money' to pay for your financial education, such as the $37, $49, $79, $99 per year newsletters. There are many to choose from. Check out and sign up for ezines and e-letters from groups such as Oxford Club, Agora, Bill Bonner, or Porter Stansberry. Just search for Financial Newsletters and vet them. Check 'em out. Learn, learn, learn.

Many, many men and women started out with literally pennies and the will to work and ended up experts, well off and well known because of  what they had - ability to read, learn and apply and nothing more. If they did it YOU CAN, TOO.

That is all there is to success: learn and apply. Apply, fail, re-apply, succe-fail, adjust and re-apply, succeed, re-apply, Succeed, adjust and re-apply, SUCCEED. "Rinse and Repeat for better results."

There you have it. Forget IBOM. It was a bomb. Now, with a great open-it mine opened up from the blast you might find your ore. Go mining and start saving.

God Bless.
I'll keep you posted.
Cameron