When most people think of Greece two things usually springs to mind – their sprawling ancient history and the numerous plays depicting the various misfortunes of life, know as tragedies. However, this is all changing now with current day tragedy of deficits, cuts and riots unfolding every day in Greece!

Since the credit crunch of 2008 Greece has been bailed out several times by the ECB and IMF, but this has not necessarily been to save Greece but to save the Euro and the shaky foundations on which the Eurozone is currently standing on.

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Some people keep up to date on celebrity news, sports news, entertainment news and general news; I in contrary keep an eye on the economic news. Why, because in order to become financially savvy one must understand what plain one is working on. As the saying goes forewarned is forearmed.

In the last several weeks the headlines that have popped out at me are as follows –

• Hard times ahead for 3 more years (Daily Mail – 27.01.2011)
• Economic outlook is bleak indeed. We can put through but only if our leaders have courage enough to tell us the truth (Daily Mail – 27.01.2011)
• A fifth of university leavers are out of work (Daily Mail – 27.012011) – see my post on students and jobs here.
• Debt crisis could tear up Europe, says Soros (Daily Mail – 27.01.2011)
• Property – the Achilles heel of the financial system  (Financial Times – 27.01.2011)
• Young fret over money woes (The New York Times – 31.01.2011)
• Sudden uprising in Egypt unsettles global markets (The New York Times – 31.01.2011)
• Age of the part-timer: 200,000 jobs were created last year. Only 3 per cent were full-time (The Daily Mail – 01.02.2011)

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Since my last post on gold ‘Gold(en) Nuggets To Beat Economic Instability’ back in July, gold has continued to go up setting a new high of $1,414.60 an ounce last month; as well featuring more prolifically in the mainstream news. That does not mean however that the Gold Bull Run has exhausted itself. No, not all!  Gold (and silver) will continue to rise as long as the global governments continue to manipulate the money markets and inject more money into the economy by printing it aka quantitative easing. Most gold experts believe it could go up to $5000 an ounce, thus $1100 will seem like chump change in the not too distant future.

As such I thought I would write a complimentary article about the different ways to invest in gold as there are numerous. Below are the most common: -

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So, who saw the programme on the UK broadcast channel – Channel 4 last week Thursday 11^th November? It was all about the UK’s debt level and why the austerity cuts, although necessary are not going to resolve our debt problem, as explained in the documentary (see below for the link).

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Quantitative Easing, a term that is becoming more frequent in our everyday vocabulary as the  economic purfication continues across the globe; - the financial situation in Ireland is coming to a head with the question being asked ‘which EU country next’? It is simply not a question of if but when! On the other side of the pond, the US is gearing up for another round of money printing, otherwise known as quantitative easing, and as we know when America sneezes the world, especially the UK – where I am based, catches it cold! As such one should take the time to understand what QE means  and  how it effects us as paying tax members.

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Not for a while yet?! Today the UK Government announced their cuts to the public sector as part of the austerity package for the next 4 years. These cuts are due to the last recession and the consequently stagnation of the global economy. These cuts will affect everyone so it is important to keep abreast of what is going on, irrelevant if you want to become financially savvy or not!  For further information on these cuts, click here.

As a consequence I thought I would write this piece in order to further educate you on the importance of understanding what Inflation, Deflation and Hyperinflation is, and how each one can, and will, affect our economy, our lives and our money.

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Do you have an entrepreneurial state of mind or an employee state of mind?

This is a very important question because depending on your answer it will define how you will survive the next coming years of global economic turmoil. And it is coming!  If you don’t see it, it is simply because you do not wish to see it.

We are presently in a time of change, on a global scale where there will be a transfer of power and wealth; just as there has been, numerous times, in World history. Think about it, wasn’t Rome and Greece once powerful and rich empires? As was Spain, China, Africa, and Turkey (The Ottoman Empire)? Change, even if we do not want it, desire it or like it, comes to ALL of us! It is a part of life! See the video below for a perfect example of this, and yes it is based on the USA but we all know that when America sneezes the rest of the World catches their cold!

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Debt, that stranglehold around our finances as well as the cause of sleepless nights and daily worries for many of us, doesn’t look as if it will be going away anytime, soon, for us or the global economy!

So what should we do about it? We should get financially educated, because financial education is the only way to combat the debilitating state ’debt’ creates for many of us. We need to increase our knowledge of debt in order to overcome our fear of it.

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In preparation for the start of the New Financial New Year – Monday April 5th, I’ve decided to kick start the year with a series on Wealth Creation. This will entail looking at the various vehicles a person can  use to make an income and/or even a fortune outside of the conventional 9-5 job*, such as –

• Internet Marketing
• Affiliate Marketing
• Trading
• Property
• Network Marketing
• Starting your own business

Most people, if given the option would love to live their life by design.  A life where you are your own boss; where you can make a living doing what you love;  and creating a residual and/or passive income from anywhere in the world!  Making this sort of dream a reality, however, takes time, a lot of work, growth and more importantly vision and patience! So the question is, are you one of those people, and are you willing to work for that dream?  

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