Economic Edge » Gary North

Risking Money to Make Even More Money

EconEdge — Tue, 24 Oct 2006 22:17:32 +0000

Fantastic quote from Gary North's latest newsletter…

The poor boy thinks that financial success is based on saving money. He does not understand that it is based on a different principle altogether: risking money to make even more money."

Encouraging financial self-education

EconEdge — Sun, 06 Aug 2006 15:21:25 +0000

More Q & A with Gary North. I thought the subscriber asked a good question, and I liked Gary's response…

Age: 51 (married); location: small town Utah; occupation: owner of 2 small businesses; income: $250,000+ per year; net worth: $2,000,000+; #1 Goal: prepare family for consequences of irresponsible U.S. fiscal and monetary policies.

Best Career With a Law Degree

EconEdge — Wed, 07 Jun 2006 01:58:18 +0000

More Q & A with Gary North. Careers in law and real estate….what to do with a law degree…

INVESTING

Age, 20; occupation: college student; residence: small town, East Georgia.

$10,000 to invest. Goal: law school. I am thinking about real estate law. I have zero
knowledge of finance.

How to Spot Real Estate Trends & Get Market Analysis Data

EconEdge — Fri, 02 Jun 2006 19:35:44 +0000

While reading through Gary North's "question and answer series," I discovered a great little book that calculates emerging real estate markets (and real estate trends) based on population and business data. The book is called Your County–Boom or Bust? Predicting Growth or Decline of 3017 Counties by Jack Lessinger. Click on the "Books" link on Lessinger's website. Lessinger's book can help you analyze different real estate markets and spot emerging trends in different geographical areas.

Personal Finance Tip: How to Buy a Used Car

EconEdge — Mon, 29 May 2006 22:46:05 +0000

Good personal finance article from Gary North on how (and why) to buy a used car…

"It's that time of the year again. It's new car season. You are going to be pressured to part with a lot of money. You may be tempted to do this by the siren call of the new car ads. I write this report as a way to help you get through this month of temptation with your finances still intact.

Gary North's Top 3 Recommended Economics Books

EconEdge — Sun, 28 May 2006 02:53:49 +0000

The Top 3 Economic Books, as recommended by Gary North.

"Read Murray Rothbard's book, What Has Government Done to Our Money? It's free.
Next, read Frederic Bastiat's little book, The Law. It's free.

Chinese government inflating money supply at 18% a year

EconEdge — Wed, 24 May 2006 23:45:41 +0000

More Q & A with Gary North. Interestingly, North believes that there will be a recession in China shortly after the 2008 Olympic Games, due to the fact that the government is inflating the money supply at about 18% per year.

The Mindset of the Self-Made Rich

EconEdge — Tue, 23 May 2006 19:58:31 +0000

Good personal finance advice (from Gary North) about how to purchase cars wisely, handle expenses and make financial decisions.

THE MINDSET OF THE SELF-MADE RICH

What you read here, you can confirm by reading the book, "The Millionaire Mind."

Best Small Towns in America

EconEdge — Mon, 08 May 2006 19:00:59 +0000

Great small towns in states with no state income tax…

Sequim, W.A.
Pullman, W.A.
College Station/Bryan, T.X.

More from Gary North: "If you are looking for Paradise, USA, consider Sequim, Washington. Research this amazing little town. [My comments: There is no state income tax in Washington, and Sequim is sunny compared to Seattle and other Washington cities.]

Why You Should Never Finance a Car

EconEdge — Sun, 07 May 2006 17:03:53 +0000

The advice below is quite possibly the one of the best personal finance tips ever. Courtesy of Gary North…

"Whenever I see an ad for a new car, I think, 'Suckers!' There is no more economically stupid purchase than a new car.

International Real Estate Investing

EconEdge — Thu, 04 May 2006 04:04:23 +0000

Q & A With Gary North
(Originally published on 3/30/06)

Age: 47; occupation: physician; assets: town home in NZ, paid for. Home in NY, paid for. Lake home in NY, owing 120k. Retirement savings: $900 K in Vanguard.

How to Teach Your Children about Money, Investing & Real Estate

EconEdge — Fri, 28 Apr 2006 23:17:16 +0000

Good advice from Gary North on how to teach your children about money management, investing and real estate.

Q & A With Gary North

Age: 70/76; occupation: retired GM; location: AZ & MI; assets: two homes worth $1M, $250K mortgages. $70K/yr current income (GM pension & Social Security). $100K savings.

Should we sell both properties, buy less extravagant, or keep lifestyle with only one house until end? Children want nothing.

Entrepreneurship, Career Choices, & Legal Tax Avoidance

EconEdge — Thu, 06 Apr 2006 16:34:09 +0000

Gary North recently began answering financial questions posed by his newsletter readers. He publishes a "Questions & Answers" section every Friday. The questions and answers below deal with career choices, entrepreneurship, budgeting (both time and money), and legal tax avoidance.

War on Terrorism's Economic Effects

EconEdge — Sat, 01 Apr 2006 23:36:22 +0000

Cynicism From Gary North…

The war on terrorism is being brought to us by the same high-efficiency organization that has waged the war on drugs for five decades. We should expect similar results."

Mortgage Loans For Illegal Aliens?

EconEdge — Wed, 29 Mar 2006 20:00:58 +0000

Are lenders becoming desperate for new homebuyers? Interesting excerpt from Gary North’s Reality Check…

There are not many new buyers or first-time buyers who qualify for loans. So, the mortgage rules are getting changed. Here is a choice example from "The Wall Street Journal" (July 8, 2005).

Smart Money Leaving American Real Estate?

EconEdge — Fri, 24 Mar 2006 00:19:16 +0000

I've been a subscriber to Gary North's Reality Check since my senior year in college (via email). He is a prolific writer, multimillionaire, direct-response marketer, and staunchly conservative when it comes to finances. I have learned enormously by reading his advice and commentary.