Understanding the History of the Gold Standard

For almost 200 years after the founding of the United States, the value of the U.S. dollar was officially backed by gold. This was called the gold standard. In 1933, in partial response to the Great Depression, Congress enacted a joint resolution nullifying the right of creditors to demand payment in gold. In other words, a person could no longer insist on being paid in gold. For a while, at the time, it was illegal for Americans to own gold.

What Motivates You?

Talking about money is more than just talking about income, debt, assets, and spending habits. You care about money because money provides you with the things you need and the things you want, both tangible and intangible. The question is, what motivates you?

Five Steps to Focus on Money Management

The pandemic has impacted many people’s mental health, and almost two years later, many of us are struggling with COVID fatigue. Even though many of us don’t feel like pushing on, we still have to show up. Here are five strategies to help you keep your focus while building a strong financial base and growing wealth.

Inflation Hits a 40-year High

We are currently experiencing considerable inflation in the US with the dollar. Some economists define inflation exclusively as the increase in the amount of currency in circulation, period. The more currency chasing the same amount of goods makes each unit of currency worth less, and therefore, the goods cost more.