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

As I Learn I will Share - Multi-Generational Family Wealth Development.

I have not been a Family Financial Planner for very long. Some of the experiences I've learned, however, even in this short period of time have led me to believe I can help people by changing the "trajectory" of your thinking.

What do I mean by that? Simple. Trajectory is the angle upward or downward that a missile is fired, be it a bee-bee or stone from a slingshot or a bullet from a rifle or a long range ballistic rocket missile. Aim higher for a target longer away, aim straight forward for a short shot. When raising the trajectory in financial planning you set your sights on preparing to financially benefit your grand-children and great-great-grandchildren instead of just yourself and your own children or yourself and your parents.

Just as planning to be of benefit to your parents who may have not had the opportunities for, say, education that you may have had (they may have sacrificed all in order to send you to college) is a very good and admirable thing to do, setting your sights on preparing your estate to bless the lives of your more distant posterity is also a very good thing. Because it is easier to envision helping your parents and children because they are with you now, you may think something like, "I can't even wrap my thinking around how to plan for my great-great-grandchildren!" Don't worry. This is why I am writing: to help you see and understand what that map looks like and what steps are required to traverse the immediate roadway.

There are some things to consider when thinking about Multi-Generational Family Wealth Development - MG-FWD - that will likely be new, very new to you.
First, you must be prepared to talk about wealth creation with your children in the same way you will talk about driving and maintaining your vehicles. There is no mystery or secret to driving a car and auto-mechanics. It just takes education and practice and being safety minded.
Second, just as you can have more than one car at a time. In like manner you can have more than one financial "vehicle" that you are teaching your children to "drive" and maintain from their very young ages.
Third, It isn't being "sinful" in any way whatsoever to teach children how to use the various financial tools we call "Assets". Taking the "Rich Dad, Poor Dad" (Robert Kiyosaki) definition of  asset as anything that puts money into your pocket, teaching children how to accumulate assets so they will have more tools (cash in the bank) with which to do good is a very good thing.

Teaching children to associate money in all of its different forms with being of service to mankind (including immediate family, neighbors and community) will create in your family the greatest of all possible assets: creative, generous, benevolent business people who have also been taught how to duplicate themselves. Who taught them? You.

These are three of the first steps along the roadway of Multi-Generational Family Wealth Development - MG-FWD - a roadway that spans not just generations but often times centuries! These are families that, because of a culture of  educating their youth in the ways of benevolent wealth creation and maintenance, have amassed the resources over time to do great good such as begin and support colleges, universities, hospitals and other excellent people-serving organizations. They also, of course, establish people-serving businesses that employ hundreds or thousands of people, giving them opportunities to support themselves. What better service can person-A give to person-B than to give an opportunity to work and support self and family? Without the service employers give to employees - the service of giving them a job - local and national and international economies fail.

Take a few moments right now to wrap your thinking around these few ideas. Consider teaching your children how to save money, not for a rainy day but for future wealth creation. Consider combining your religious doctrines, i.e. loving and serving God by loving and serving your fellow man, with principles of  serving by creating employment opportunities for others. Consider establishing a family culture of benevolent wealth creation that will bless not only your own children but also your grandchildren and your great-great-grandchildren.

In doing these few mental exercises you will raise your eyes to a target further down the time-line; your visionary trajectory will change which will change your immediate day-to-day activities. You will immediately begin to spend less and save more so that you can teach your children by example and show them the things you will be learning here on this blog.

Start here. Raise your eyes to see further down the road. Keep reading, not just this blog but here is a good place to start. As you grow you will develop greater vision and habits that will create results that will, in an amazingly short period of time, astound you.

Take these first three steps and you will soon - within 18 months - begin to see the effects of a Law that a very smart man, Albert Einstein, called "The 8th Wonder of the World": The Law of Compound Interest over Time.

My next report will explain what I call "The Teeter-Totter of Habit".
Sign up now to follow this blog.  You won't want to miss a single idea of Multi-Generational Family Wealth Development or MGFWD. I like to call it looking and going "MG-FWD = MEGA-FORWARD".
Let's take the trip together, A? (I'm from Canada, A? Can you tell?)

Sign up now.
I'll keep you posted.
God Bless.
Cameron Cv