In Part 2 of the march newsletter I give you tips to get in financial shape

The Navig8or newsletter

March 2016 (6252)
Because thinking isn't illegal......yet!

Welcome to the March newsletter  Part 2.

In this issue:
1. Black Financial Fitness is coming...look out for the logo
2. Cash is King - Economic Tips to get you in financial shape
3. Kemetic Yoga Certification in London

You can download the podcast here: http://www.houseofknowledge.org.uk/newsite/


1. Black Financial Fitness is coming...look out for the logo  
As you should all  know by now the e-learning platform is coming on line  soon. We are still on track for the launch date of 14th April. The logo has been inserted at the top of the page. Wherever you see the Black Head  you will know it's me! Yes, the name of the new platform is Black Financial Fitness, because that is exactly what it will be all about.  You can link with this aspect of my work on twitter at @BlackFinancialFit and on Facebook at Ifayomi Grant (my facebook account with the Black Head logo). Remember to let your contacts know what's coming and we can build a knowledge platform that is transformative.

 

2. Cash is King Economic Tips to get you in financial shape
 

As promised in Part 1 in this issue I will give you ideas as to how to respond to the present economic landscape and prepare for the coming storm:

 


The Five Legged Stool of Economic Development
 

 

Those of you who have read my sixth book 'Buy Now Pay later - How Debt is Used to Create Financial Slavery' or attended my workshops/seminars will be familiar with the concept of the economic four legged stool that I developed. Well, the stool has grown a leg (debt reduction).  I have refined the model of the four legs of personal and community economic development  as depicted in the diagram above N.B. The word CULTURE should be in the centre of the diagram, however I couldn’t insert it for some reason! The priority order for any individual should be:

(i) Debt Reduction

(ii) Consumption Management

(iii) Savings

(iv) Investment

(v) Business Development & Production

Of course each leg is interlinked. If you reduce your consumption you can pay down your debts quicker and hence save more.

I go through each of the original four legs  in more detail in the book and will cover all five in the courses on the Black Financial Fitness  e-learning platform. So, here are things you can do to get or stay financially fit.
 

 Pay down debt first - given how low interest rates are, you will hardly get any reasonable return on savings so you are better off paying off debts with much higher interest rates e.g. Your mortgage, loans, credit cards and then focus on saving. Obviously take advantage of 0% interest rate deals on credit cards if your credit rating allows and then pay off the credit cards whilst there is not interest accruing on them.

  Keep cash. Protect your principal - once you have addressed high interest rate debts then you can work on building a cash war chest.

Given the current volatile economic situation it is a good idea to save as hard as you can and get at least 6 months salary in liquid form i.e. in a form you can access instantly. If you have significant cash don't keep more than the deposit guarantee level (£75K) in one bank. If you have a business that needs to hold a lot of cash for your payroll its a little more tricky. You may want to spread money across a few banks and have a standing order payment into your payroll account just before the date salaries are paid; to mitigate your risk. If you have significant money you may also want to deposit cash in overseas accounts in case capital controls are introduced, especially if you are planning on emigrating in the foreseeable future.

Focus on the Maintenance of your capital, not return on capital. This is not necessarily the time to be looking for big returns on passive investments. Markets are much too volatile and rigged. I would keep away from the stock markets in general. There is too much fraud and manipulation.

Keep away from the traditional energy sector in particular. It has predicted that up to one third of oil companies that owe around $150 billion between them could go bust in 2016. If you are going to invest in energy I would say look at renewables. They are the future from an economic and environmental perspective.

Stock markets should fall between 20-40% over the next two years. Eventually the real economy will impinge on the price of shares and even the corporate media will have to tell some of the truth; which will undermine confidence in stock markets. A huge corporation like Viacom bought $10 billion dollars of its own shares in share buybacks last year and then saw its share price fall by 55%. We have even seen the ultimate corporate behemoth, Apple, engaging in share buybacks. This is a senseless practice. It’s like eating your own arm and saying that you are well fed!

Property prices are going to fall significantly because the current bubble is driven by ultra low interest rates and easy credit so when interest rates return to more normal levels (3-5%) the boom will come to a shuddering halt. So I can't say when because I don't know when the powers that be will be forced to increase interest rates.

Go for Gold - When the markets unwind there will be opportunities to make money at the bottom of the market, if you have access to cash, so now is the time to acquire Gold - a safe haven investment as I noted last time due to the rigging of the Comex market. Don't buy gold as a speculative asset, but rather as an insurance policy. If it all goes belly up then the value of gold will rocket to above $2000 an ounce. Gold is up around 20% since hitting a six year low in December 2015. Don't invest in the Comex market, buy physical gold. Silver is also significantly underpriced based upon its historic ratio to gold.

Cuba - Cuba is going to open up to US investment. This has a few major implications. Firstly, Cuba will lose its economic independence then it will lose its political independence, thirdly  one will see a massive rise in all sorts of social ills e.g. Drug addiction, prostitution, crime etc. Fourthly quality of life indicators such as child mortality, life expectancy etc. are going to get worse for many. And finally, some people are going to make a lot of money.

Property prices in Cuba are already rising rapidly and as US hotel and casino chains scramble for prime beachfront land this is going to further boost land and property prices. Given our weak economic position most Afrikans will just be bystanders as the U.S. attempts to turn Cuba into Jamaica.

Pensions - the UK government are making it mandatory for employers to offer all employees 'stakeholder pensions'. Now this may sound laudable however if you look at the performance of pension funds in recent years you will realise that it is anything but certain that people will get a reasonable return on their investment. I have seen at first hand the millions that large organisations sometimes have to pump into pension funds. This low interest rate environment has been killing the performance of pension funds and is estimated to have cost UK pension unds around £200 Billion since 2008. Remember, a pension is simply about making provision for your old age. Nothing more. You can do this in any way you see fit e.g. through a business investment, shares, property, gold, art etc. The older you are the more you need to put away and the more risk averse you should be.

Keeping it Real! – Focus on investing in real things that have intrinsic value to people e.g. food, clothing, shelter, even knowledge. You could form a food co-op and link that to growing food on an allotment. This is the time to leverage your money by clubbing together with other likeminded people to pursue your ideas and secure your future.
 

3. Kemetic Yoga Certification in London

One of  our partners in the US, Aunkh Aakhu (Kemetic Yoga Master Trainer) and his Student Sematawi Kagmni have decided to offer a Kemetic Yoga Certification course in London.  To introduce the system they will be doing a free Webinar to introduce their system on Wednesday March 30 @ 8pm

If you are someone looking to enhance your skillset in the areas of healing our people or enhance your spiritual development from an African perspective, or have a valuable ancestral tool  you can use to generate an alternative revenue stream, you might be interested in checking out the free webinar. Just go to the link below to register: 
 
Not familiar? Here is a video featuring people he has trained and the original class he started on the beaches of South Florida. This is the most viewed Kemetic Yoga Video on You Tube:
 
 

Conclusion

Remember to share the newsletter and podcasts and link me on social media.  Thanks to all of you who have sent me testimonials. Really appreciated.

That's it. It's a delicate balance trying to give sufficient detail to be useful whilst not making the broadcast/text too long. Let me know if I am getting it right. Sista Louise, I hope I provided the type of information you wanted!

I do listen and take on board reader/listener feedback and requests, within reason, so feel free to let me know what's on your mind and what issues you want me to cover. I am also looking for well informed guest contributors.

Remember, we need to Co-operate in order to Compete!

Stay Blessed

 

Ifayomi

‘It's time to win’

http://www.houseofknowledge.org.uk/newsite/

Facebook: Ifayomi Grant (I have two accounts one with my photo and one with the Black Head)
Twitter: @BlackFinancialFit and @Ifayomi66 

 

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