The Egyptian Crisis and Your Finances
There is no doubt that many factors such as income inequity between rich and poor, high unemployment, rising food prices, and suppression by autocratic governments are contributing to the growing unrest in the Middle East that is likely to spread from country to country.
Because the unrest may be far away from where you live, you may not think that it’s going to affect you, but it will. All countries are now connected, especially economically, and what happens in Egypt, Tunisia, Yemen, and other countries will eventually affect the economies of seemingly stable countries.
I watched a program about the Middle East crisis on CNBC Sunday night and they talked a lot about the effect of the crisis on various currencies. What was really interesting, was the fact that at the time of the 2007 revolt in Myanmar, the value of their currency tanked and savvy investors put money into the country. With the return of some stability, these investors have now realized profits of about 400%. In other words revolutions are profitable.
Prosperity Tip: 6 Ways to Simplify and Prosper
An increasing number of people are taking a major step and scaling back their lives in order to have more time for themselves and to discover activities and relationships that make their lives meaningful. Although it would appear that they are giving up material comforts, they are, in fact, letting go of the burdens and responsibilities that often accompany acquisitions.
People who opt for a simpler life, often experience feelings of freedom and satisfaction that they never had when owning more and more was their goal. They become conscious consumers who make carefully considered purchases that add value to their lives.
If you are feeling the urge to simplify, here are some steps you can take:
1. Take a look at your life and ask yourself how much of your time and effort is being spent in the pursuit of material success? How many hours do you have to work each week in order to pay for the basic upkeep of your lifestyle? Continue reading



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