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Five Ways to Build Your Wealth: A Guide

Strategy Driven

In this guide, we will explore five ways to build your wealth, including creating a budget, investing in a diversified portfolio, maximizing your earning potential, reducing and eliminating debt, and the little-known strategy of debt recycling. A budget lets you see where your money is going and where you can change and save more.

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Ratings Agencies Are the Darnedest Things

Harvard Business Review

In olden times, the bond raters at S&P and Moody's were financial advice providers, sort of like Morningstar is today. regulators followed suit — credit ratings are now mentioned almost 2,000 times in the Federal Register. Lots of overseas regulators and private investors have come to rely on the ratings as well.

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Why We Build Fiscal Cliffs

Harvard Business Review

Other countries sometimes have actual fiscal crises, when investors around the world (not to mention most locals) lose confidence in their government bonds and/or their currency. The interest rate on 10-year Treasuries is a mere 1.58%, the lowest in more than 50 years. Because Washington built it. That may happen someday to the U.S.