The Courage to be Profitable: Get and Stay Profitable in Less than 30 Minutes a Month

Morgan James Publishing
Free sample

In "The Courage to be Profitable", small business financial expert Ruth King shows business owners the easy steps to really understanding the financial part of their businesses. Written in English rather than accounting babble, profit and loss statements, balance sheets, proper pricing, and cash flow come alive and are easily understood. Anyone can follow this simple, three step process to avoid being another failure statistic. "The Courage to be Profitable" shows business owners how to get and stay profitable.
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Additional Information

Publisher
Morgan James Publishing
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Published on
Jan 1, 2013
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Pages
166
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ISBN
9781614484639
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Language
English
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Genres
Business & Economics / Finance / General
Business & Economics / Money & Monetary Policy
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Content Protection
This content is DRM protected.
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Read Aloud
Available on Android devices
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Eligible for Family Library

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In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon.

 

Currency wars are one of the most destructive and feared outcomes in international economics. At best, they offer the sorry spectacle of countries' stealing growth from their trading partners. At worst, they degenerate into sequential bouts of inflation, recession, retaliation, and sometimes actual violence. Left unchecked, the next currency war could lead to a crisis worse than the panic of 2008.

Currency wars have happened before-twice in the last century alone-and they always end badly. Time and again, paper currencies have collapsed, assets have been frozen, gold has been confiscated, and capital controls have been imposed. And the next crash is overdue. Recent headlines about the debasement of the dollar, bailouts in Greece and Ireland, and Chinese currency manipulation are all indicators of the growing conflict.

As James Rickards argues in Currency Wars, this is more than just a concern for economists and investors. The United States is facing serious threats to its national security, from clandestine gold purchases by China to the hidden agendas of sovereign wealth funds. Greater than any single threat is the very real danger of the collapse of the dollar itself.

Baffling to many observers is the rank failure of economists to foresee or prevent the economic catastrophes of recent years. Not only have their theories failed to prevent calamity, they are making the currency wars worse. The U. S. Federal Reserve has engaged in the greatest gamble in the history of finance, a sustained effort to stimulate the economy by printing money on a trillion-dollar scale. Its solutions present hidden new dangers while resolving none of the current dilemmas.

While the outcome of the new currency war is not yet certain, some version of the worst-case scenario is almost inevitable if U.S. and world economic leaders fail to learn from the mistakes of their predecessors. Rickards untangles the web of failed paradigms, wishful thinking, and arrogance driving current public policy and points the way toward a more informed and effective course of action.

How to grow our inner capacity to face racial ignorance and suffering with a wise and caring heart“Racism is a heart disease,” writes Ruth King, “and it's curable.” Exploring a crucial topic seldom addressed in meditation instruction, this revered teacher takes to her pen to shine a compassionate, provocative, and practical light into a deeply neglected and world-changing domain profoundly relevant to all of us.
 
With Mindful of Race, Ruth King offers:
 
Tend first to our suffering, listen to what it is trying to teach us, and direct its energies most effectively for change.
 
Here, she invites us to explore: Ourselves as racial beings, the dynamics of oppression, and our role in racismThe power of paying homage to our most turbulent emotions, and perceiving the wisdom they holdKey mindfulness tools to understand and engage with racial tensionIdentifying our “soft spots” of fear and vulnerability—how we defend them and how to heal themEmbracing discomfort, which is a core competency for transformationHow our thoughts and emotions “rigidify” our sense of self—and how to return to the natural flow of who we areBody, breath, and relaxation practices to befriend and direct our inner resourcesIdentifying our most sensitive “activation points” and tending to them with caring awareness“It’s not just your pain”—the generational constellations of racial rage and ignorance and how to work with themAnd many other compelling topics Drawing on her expertise as a meditation teacher and diversity consultant, King helps readers of all backgrounds examine with fresh eyes the complexity of racial identity and the dynamics of oppression. She offers guided instructions on how to work with our own role in the story of race and shows us how to cultivate a culture of care to come to a place of greater clarity and compassion.
Charles Wheelan’s wonderfully whimsical, best-selling Naked series tackles the weird, surprisingly colorful world of money and banking.

Consider the $20 bill.

It has no more value, as a simple slip of paper, than Monopoly money. Yet even children recognize that tearing one into small pieces is an act of inconceivable stupidity. What makes a $20 bill actually worth twenty dollars? In the third volume of his best-selling Naked series, Charles Wheelan uses this seemingly simple question to open the door to the surprisingly colorful world of money and banking.

The search for an answer triggers countless other questions along the way: Why does paper money (“fiat currency” if you want to be fancy) even exist? And why do some nations, like Zimbabwe in the 1990s, print so much of it that it becomes more valuable as toilet paper than as currency? How do central banks use the power of money creation to stop financial crises? Why does most of Europe share a common currency, and why has that arrangement caused so much trouble? And will payment apps, bitcoin, or other new technologies render all of this moot?

In Naked Money, Wheelan tackles all of the above and more, showing us how our banking and monetary systems should work in ideal situations and revealing the havoc and suffering caused in real situations by inflation, deflation, illiquidity, and other monetary effects. Throughout, Wheelan’s uniquely bright-eyed, whimsical style brings levity and clarity to a subject often devoid of both. With illuminating stories from Argentina, Zimbabwe, North Korea, America, China, and elsewhere around the globe, Wheelan demystifies the curious world behind the paper in our wallets and the digits in our bank accounts.

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