Disappearance of cheap labor in China
Jun21

Disappearance of cheap labor in China

As China’s standard of living rises, so does it’s average wages.  The rising costs of manufacturing means that it is no longer an obvious placebo set up shop if looking for cheap labour. Over the next two years minimum wages are expected to increase an average of thirteen percent annually. [1] This is added to the dramatic increases in wages that have already taken place since 2001 when China became a member of the World...

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Pyramid Schemes
Mar18

Pyramid Schemes

Have you or your friends ever entered a pyramid scheme? I set off explain Ponzi chemes, but felt compelled to write a bit about pyramid schemes as well, since they are both similar in their promise of great returns, and their inevitable collapses. First of all a pyramid scheme is never usually called a pyramid scheme when the idea is being sold to people. A pyramid scheme is a fraudulent investment plan based on a hierarchy. A pyramid...

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Helping Your Kids Save Money
Sep25

Helping Your Kids Save Money

Some of us have been blessed with the finances of our parents, giving us a jump start as we entered adulthood. Many of us haven’t. Starting off with a decent nest egg and starting off from scratch can make a tremendous difference, especially when considering the effects of compound interest. When looking at it this way, there are few substitutes for an early start when considering building wealth. As adults, we accept the tools we...

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