A Message, Means of Production and Debt Strategies

My Message to You

I write these posts to help everyone and I care deeply about advancing financial education so people can make more informed choices. So I ask everyone to send me any questions they have. I want the things I write about to be relevant to their lives. Please tell me what’s important to you.


What are Means of Production?

In the creation of goods/services there are 2 factors. The first factor is labor (the workers) and the second factor are Means of Production (the tools that the workers use to create the good/service). Means of Production refer to all non-labor inputs into the creation of the end product. It could be land, a factory, a forest, a screwdriver, etc.


How to Get Out of Debt?

This is a complicated question, but I’ll give you some quick tips.

List out your debts and rank them based on their interest rate. It is almost always a good idea to pay off your highest interest debt first. Remember there is no practical difference between earning a 5% investment return and avoiding a 5% interest payment. Avoiding the interest, however, is guaranteed so it is far less risky.

List out all the things that flow into your bank account (income) and list out all things that flow out of your bank account (expenses). Do your best to figure out how to maximize the former and minimize the latter. For now, cut out any unnecessary expenses such as luxuries (restaurant meals, clothing accessories, etc.). Once you are more financially stable you can reintroduce them.

Fee Structure

Rate Assets Under Management
1.44% Below $125,000
1.00% Between $125,000 and $750,000
.85% Between $750,000 and $1,250,000
.80% Between $1,250,000 and $1,750,000
.75% Between $1,750,000 and $2,500,000
.70% Between $2,500,000 and $3,250,000
.65% Between $3,250,000 and $4,250,000
.60% Above $4,250,000

A single rate is applied to the entire account. So a person with a $750,000.01 account pays less than a person with a $750,000 account. I will waive personal tax return fees for accounts over $1 million. For accounts that are above $5,250,000, we’ll need to discuss a custom rate.

As I’m writing these to help my readers, I would be very appreciative of any input in regards to what I should write next. If you want me to write about a particular topic, please contact me. Please contact me if you would like to submit a post to my blog.

If anything that I mentioned above interests you, please consider downloading my free e-book. The book contains my thoughts on investment management and some information that I think everyone should know. You can also download it below.

E-Book Download

Questions for the comments

Did my explanation make sense? Do you agree or disagree with what I said?

Learn About My Business


Leave a Reply

Your email address will not be published. Required fields are marked *