Tag Archives: economic

11 States Where $1 Goes the Farthest


This is a report from USA today which I thought quite interesting. Note Texas is not mentioned.

The Bureau of Economic Analysis, which published in July its report for 2014 prices for household consumption across the country. Your dollar will go a lot farther — 30% farther, in fact — in states like Mississippi and Arkansas THAN say Washington, D.C., and Hawaii.
This of course is 2 years ago, there may be a few changes but basically it gives you an idea of where it would be cheaper to live. If you want to move.

The states where your dollar (rounded to the nearest cent) is worth the most are:

1. Mississippi ($1.15)

2. Arkansas ($1.14)

3. Alabama ($1.14)

4. South Dakota ($1.14)

5. Kentucky ($1.13)

6. West Virginia ($1.12)

7. Ohio ($1.12)

8. Missouri ($1.12)

9. Oklahoma ($1.11)

10. Tennessee ($1.11)

11. Iowa ($1.11)

The cost of living in 35 states was below the national average.
The areas where your dollar is worth the least are the District of Columbia (85 cents), Hawaii (86 cents), New York (86 cents), New Jersey (87 cents), and California (89 cents).


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No Way Out.

Like the Author of this article , I don’t like to sound pessimistic and don’t like writing articles of doom and gloom. I am not a conspiracy theorist and I really do like to present a positive future. I try not to get myself involved in any particular politics as in my opinion they are all a bunch of people who stretch the truth and don’t work for the good of the people and totally out of touch with reality.

Here comes the “But”. But this time I wanted to share with you an article I read which I thought explains so well where we are going and why. It is not looking very ‘Rosy’.

We all need to Stop, Look, and Listen and I know I keep saying this. You don’t have to be a business person or an economist to work out the financial maths of this country USA. Just take the time to sit and think about your finances. If you are struggling and cannot see an easy way out of debt then you are also looking at the financial woes of USA.

I wrote my book Simply Fantastic – Living better on Less, for one reason only and that was to try to make people think about what they are spending their money on. To start planning for the future. Getting themselves out of using credit as a way of life. To teach  kids to respect money and not to waste it or just expect it to given to them from the parents. That credit should be an absolute no! no! in their young lives.

I was making the observation that people were thinking and believing [and still do] that all this economic downturn would go away, like it usually did. No,  that is not going to happen. We all need to take action to protect ourselves and family now!

So anyway , to get back to the article, I believe you will find it interesting and if you do, pass it on to your friends or anyone that you think may be interested.

I read this article on one of my favorite websites http://www.sovereignlife.com/ that you may like to visit  for some very informative subjects. They also have a free Ebook 7 steps to freedom which is also interesting reading.

RememberIf you don’t do different, nothing will change

No Way Out

By Doug Casey, Casey Research
I really dislike sounding inflammatory. Saying that things are going to go terribly wrong runs a risk of being classed with those who think the world will end in December 2012 because of something Nostradamus or the Bible says, or because that’s what the Mayan calendar predicts.
This is different. In the real world, cause has effect. Nobody has a crystal ball, but a good economist (there are some, though very few, in existence) can definitely pinpoint causes and estimate not only what their immediate and direct effects are likely to be (that’s not hard; a smart kid can usually do that) but the indirect and delayed effects.
In the first half of this year, people were looking at the U.S. economy and seeing that some things were better. Auto sales were up – because of the wasteful Cash for Clunkers program. Home sales were up – because of the $8,000 credit and distressed pricing. Employment was up – partly because of Census hiring, and partly because hundreds of billions have been thrown at the economy. The recovery impresses me as a charade.
Let’s get beyond what the popular media parrots are telling us and attempt to derive some reasonable assumptions about how things really are and where they’re headed.

A Brief Summary of Our Story So Far….
Before we get to where things stand at the moment, let’s briefly look at where we‘ve come from.
That a depression was in the cards has been foreseeable for decades. The distortions cranked into the system in the ‘60s – the era of “guns and butter” spending by the government – resulted in the tumult of the ‘70s. Things could, and one could argue should, have come unglued then. But they didn’t, for a number of reasons that have only become clear in retrospect:

  • Interest rates were allowed to rise to curative levels;
  • The markets were non-manipulated and so, as they became quite depressed, were left to send out real distress signals;
  • The U.S. was still running a trade surplus;
  • The dollar had only come off the gold standard in 1971 and was still relatively sound.

Then, starting with Reagan and Thatcher, the world’s governments started cutting taxes and deregulating. The USSR collapsed peaceably. China, then India, made a shift toward free markets. And on top of it all, the computer revolution got seriously underway. All told, a good formula for recovery and a sound foundation for a boom.
But sadly, taxes, government spending, and deficits soon started heading much higher. Despite the collapse of its only conceivable enemy, U.S. military spending continued to skyrocket. Monetary policy encouraged everyone to take on huge amounts of debt, much more than ever in the past, and everyone soon found they could live way above their means. The stock, real estate, and bond markets got pumped up to ridiculous levels. The main U.S. export became trillions of paper dollars. Worst of all, the U.S. devolved into just another country, undistinguished by anything other than a legacy of a high standard of living.


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I learnt It At McDonald’s.

For years now I have heard that Employers are always happy to employ anyone who has worked and been trained at “McDonald’s. The reason being is that they are usually focused and have learnt the art of teamwork. That is a plus for any Employer.

In these economic times the qualities such as leadership are rather rare. Leadership qualities are ofter discouraged in a lot of work places as often they do not like changes or in some cases some employees do not like anyone being a threat to their job.

Here is an article that I found on bottom line that was written by Paul Facella management consultant who spent 34 years of his career at Mc Donald’s. Starting from the ground floor, so to speak.
Here is some Company principles and culture and why employees do so well in other jobs.


At McDonald’s, I learned that effective leaders model the behavior that they want to see in others. This started first and foremost with Ray Kroc, McDonald’s founder.

I saw humility and graciousness the first time I met Ray. He was known for visiting with regional employees whenever he came to town. Because I was the highest-ranking staff member in the New York franchise where I worked, it was decided that I would dine with him. I was a director of operations at the time, and so this was quite an honor for me. In the limousine, Ray insisted on taking the small “flip seat,” offering me the most comfortable seat because I was his guest.

Having the head of one of the most successful businesses in the world put me at ease made a huge impression on me. I have never forgotten his efforts to make an ordinary employee feel special. I vowed to adopt this mind-set in my own life.

Even today, I always try to remember the impact I have on others. When new members join an organization that I belong to, I go out of my way to interact with and welcome them.

It was not unusual at McDonald’s to see leaders, such as Ray himself, demonstrate what needed to be done. No task was too humble, even for the boss.

During a visit to one New Jersey restaurant, Ray picked up cigarette butts in the parking lot, setting the tone for cleanliness. When executives were out in the field, they always made a point of pitching in. If there was a problem, they would jump behind the counter and help out.

The influence of Ray Kroc and others at McDonald’s has always stayed with me. Even though I am a senior member and former officer of my local volunteer fire department, I always try to be the first to pick up a mop or a broom. When junior fire department members see me doing this, they invariably pitch in as well.


Integrity is valued above all else at McDonald’s and permeates the culture of the company. Everyone is treated as a partner. Some even say it is like a surrogate family. There was an unprecedented level of trust between people involved in all aspects of the business. We called it the “three-legged stool.” This meant that the relationship between the three interdependent partners — the franchisees, the suppliers and the corporate staff — was understood to be vital to the company’s success.

Making the “three-legged stool” work often required taking gutsy steps that might have seemed counterintuitive.

Example: There were times when Ray told suppliers to raise their prices. He figured that for these companies to become long-term partners, they needed to succeed, and they wouldn’t if he forced them to accept profits that were too low. This worked. When vendors increased profits, the result was stronger loyalty to McDonald’s. Vendors had so much faith in McDonald’s that they actually helped bail out the company in 1959, when it was in trouble because of a real estate deal gone bad.

This culture of trust was so strong that important agreements often were made with a handshake rather than a written contract. Many suppliers, now second- and third-generation businesses, haven’t had a formal contract with the company for 50 years.

The high level of trust also reaped rewards for the company. Because they felt such loyalty, suppliers, franchisees and employees often suggested some of McDonald’s most successful products and concepts.

Example: Herb Peterson, a franchise owner, was the creator of the Egg McMuffin in 1973.


At McDonald’s, the company mantra is “Never be satisfied.” We always were looking to break our records, whether it was increasing the number of customers or lowering costs.

To raise the bar as high as possible, we used metrics, or measurements, to determine whether we had reached our goals. We measured everything from hourly sales to how many bags of potatoes were used each day. We made goals measurable. This especially helped team members know what they were working toward and gave them a sense of ownership. It also encouraged an environment of friendly competition.

Example: When I was a manager, many cashiers were coming up short each day, so I put up signs showing just how over or under each cash register was. Within 24 hours, every person’s total was perfect. No one wanted to be the lowest performer in the store.


At McDonald’s, recognition is everywhere. The company makes it a way of life, encouraging managers to recognize employees regularly. Ray knew that there is no better way to inspire people. Even front-line employees were recognized. You might think of a crew job at McDonald’s — working the kitchen — as menial, but if you worked hard, you were noticed and rewarded. For many, that meant being promoted and advancing from crew to operator to the corporate office.

Result: About 42% of the current worldwide leadership at McDonald’s started out as crew members. Whenever possible, employees at McDonald’s are recognized in public with fanfare.

Source. Paul Facella written for Bottom Line Secrets

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Where Do You Fit Into This Picture?

Where do you fit in this picture?

This illustration is brilliant. It’s an example of truth, being honest with yourself, and in some cases it may tell where you will be in the future.

It’s an illustration of the fact that it doesn’t matter how you’re earning your living, what you’re wearing, what you’re driving, or what gadget you have… only one person in this cartoon is in a better position financially than the rest. And it’s not the one you would expect.

I was listening to Ben Stein on TV this morning. He’s just written another new book called The Little Book of Bulletproof Investing: Do’s and Don’ts to Protect Your Financial Life. One of his tips is ‘Save Till You Drop.’ Another tip in his book is also in my book Simply Fantastic – Living Better On Less. The tip is ‘Live below your means’. I cannot emphasis more how important this is.

The talking heads on the news say that consumer spending is increasing. If that is true then there are a lot of people that think their job is safe and that the credit crunch is over. Please think again, it is only starting.

Even if you start saving in a small way, it is a beginning of good habits. People like Ben Stein and myself do not write books because it makes a living. We write them because we, as business people, see a long road ahead to economic recovery. We write these books to stimulate the mind to begin looking after the future and not relying on someone else, namely the Government to care for our old age.

It is not all doom and gloom, because you are in a position now to begin reorganizing your finances and getting on top of things. The many economic decisions of the present and past, we as a nation may not be in the same financial position in the future.

If you don’t do different, nothing will change.

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