Economy

April 2, 2020

Breaking Down the CARES Act

We will be posting updates on all stimulus packages on True Wealth & Company’s LinkedIn Page.  To get notifications when we post updates, click on the link for the stimulus package you are interested in and choose to “Follow” the page.   Coronavirus Stimulus – Families Coronavirus Stimulus – Businesses   As you know, the coronavirus pandemic has created both a health crisis and an economic crisis. As of this writing, there are over 160,000 known cases.1 By the time you read this, there will certainly be more – and that number does not reflect those who have been infected but […]
March 19, 2020

React… by not Reacting

We know when there is global panic, it can’t help but to spill over into our families. We know a lot of people are concerned. While we haven’t had a ton of panicked client calls, (we are proactively dialing out as fast as we can), and our clients tell us repeatedly, “you have trained us well”, we have had a few folks who are nervous about current events. And those few prompted this outreach. It’s natural to fear the unknown. We are all human. And when “they” yell long enough, and loud enough, that the sky is falling, we all […]
April 2, 2020

Breaking Down the CARES Act

We will be posting updates on all stimulus packages on True Wealth & Company’s LinkedIn Page.  To get notifications when we post updates, click on the link for the stimulus package you are interested in and choose to “Follow” the page.   Coronavirus Stimulus – Families Coronavirus Stimulus – Businesses   As you know, the coronavirus pandemic has created both a health crisis and an economic crisis. As of this writing, there are over 160,000 known cases.1 By the time you read this, there will certainly be more – and that number does not reflect those who have been infected but […]
October 17, 2019

Cash Flow Is King

Let’s say the USA could convince each billionaire in the world to give every penny of their wealth to the US Treasury. How long do you think we could run the US Government based on the Fiscal Year 2020 Budget? I had to do the math. According to Forbes’ 33rd Annual World’s Billionaires Issue, there are 2,153 billionaires in the world. In total, they have a combined worth of $8.7 trillion dollars(1). The US Federal Budget for 2020 is $4.74 trillion. (2) $8.7 trillion divided by $4.74 trillion translates that we could only run the United States for 22 months! […]
September 2, 2019

Labor Wins It’s Day… What is the significance of Labor Day?

Ah, Labor Day! Born in the United States out of the Industrial Revolution. The unofficial end of summer and beginning of fall. Three days to spend with friends and family, typically enjoying some good old-fashioned BBQ. But what are we recognizing? For many, the significance of Labor Day has been lost in time. At the end of the 1800s, the average American worked 12-hour days and seven-day weeks in order to barely make ends meet. Children, as young as 5 or 6, worked in mills, factories, and mines, to help their families survive, earning a fraction of their adult counterparts’. […]
April 14, 2018

The USA vs China & the World

If you just listen to all the hype about China. You’d be convinced they are going to take over the world. There’s so much talk today about their incredible growth rate and the power of their economy; we may forget just how good we are doing in the US. Yes, it is amazing how quickly the Chinese government has forced their growth pattern. They’ve literally flooded millions of people from their hometowns with the Three Gorges project and forced them to move to the city. They are relocating 250 million people, according to a NY Times report, from the countryside to the city, […]