Archive for the ‘Wealth’ Category

Wow, so honored! “The Necessity of Finance” was named one of the best Wealth Management books for beginners by BookAuthority!

Best Wealth Management Books

Book Authority Beginner Wealth Management Books Award Large

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How to pay off debt while unemployed during coronavirus by Tara Mastroeni / Fox Business


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How to Survive The Great Pandemic

The sky might appear to be falling right now. There are people all across the world who are quarantined in their homes while COVID-19 death rates are climbing exponentially. There are families who are separated from each other because they fear spreading the coronavirus. There are businesses deemed “nonessential” that are closed for weeks. There are bills (including rents and mortgages) that are unpaid. There are food and essentials that are increasingly becoming scarcer. On top of this, you might actually have been infected with the coronavirus and are fighting to stay alive at this very moment.

Bad news seems to be sprouting daily. Recent data has just revealed that millions more have just filed for unemployment, with estimates of about a twenty percent unemployment rate here in the United States. To put this astonishing number into context, consider that the Great Depression had peak unemployment rate estimates of roughly twenty five percent.

What does this mean for us now? As I discussed in my book The Survival of the Richest (2016), without money, entities do not prosper. And without money, entities do not survive. If you take away the ability for businesses to make money, you are essentially killing them and the people who own and work for them. Make no mistake, the removal of wealth may kill more people than the coronavirus.

Considering that so many people are out of work and that so many “nonessential” businesses do not appear to have an opportunity to make money, it appears that the unemployment rate will continue to elevate. The problem is that once we surpass the unemployment rate record set by the Great Depression, there will be no way to numerically deny that we are living in a major historical economic and financial moment. Every economics and finance textbook of the future will use this time as a benchmark to study wealth.

The Great Depression and the Great Recession have rightfully earned their titles in history. Since I have little doubt that we will break our highest unemployment record within the next few weeks, let me be the first to welcome you to the Great Pandemic!

It is important to name this event for economists and financialists for the same reason that it is important for medical scientists to label the disease that has created it. Wealth scientists need to admit that there is a wealth emergency in the same way that the medical scientists have already admitted that there is a medical emergency. Admitting there is a problem is the first part of the solution.

Please do not panic though; we’ll get through this…humanity always does. We are the best survivors life has ever seen. I would like to share with you a free excerpt that I wrote from The Survival of the Richest several years ago that can briefly illustrate how to survive the Great Pandemic. The key point here is this: if humanity unites, then we can conquer the virus and restore prosperity. It is humans who have created our great civilization. We can do anything, especially when we do it together. Don’t be fooled by what you hear though, this road will be long and bumpy…so hold on tight. The problems of the Great Depression were not cured overnight, neither will be ours. On the bright side, this might be the struggle that this world needs to finally bring humanity to full unity.

Enjoy and stay safe!

Dr. Finance

Excerpt from The Survival of the Richest by Dr. Anthony M. Criniti IV

Chapter 23: Surviving an Economic Collapse       

“All nations have a risk of dying at some time. But all of the many ways to destroy a nation have something to do with wealth. If a nation were demoted to the survival step from a once-prosperous position, then it needs to be prepared for tough times. But how do individuals survive when the nation it belongs to is barely alive?

In an economic collapse, wealthy individuals and groups are usually still in the best position to survive. They may have accumulated enough wealth that they can provide themselves the proper amount of survival essentials for a sufficient time period to wait out the catastrophe. The poor may have a more difficult time, as the economic struggle may aggravate their already-challenging individual positions. But there is some good news!

Contrary to what many doomsday preppers may say, the conclusions of this book actually have some positive messages for any potential economic Armageddon. Two major things can help individuals survive a major economic collapse. First, if everyone has an emergency reserve, then it will relieve some pressure until the situation is hopefully rectified. But for how long should your emergency reserve last? In The Most Important Lessons in Economics and Finance, I proposed a twelve-month emergency reserve broken down as follows: “…at least six months of current living expenses in cash equivalents (e.g., a checking account in a bank), three months in actual cash stored somewhere fire-proof and safe, and three months in gold…” (Criniti, 2014, 177). If you want to add even more protection for a major economic emergency, then I would add to the above an additional one-year minimum emergency reserve of the survival essentials listed in chapter 12, for example, a one-year supply of food, water (or at least an alternative plan to obtain more, such as by collecting rainwater), and so forth. You could have more than a one-year supply of survival essentials but having less than this minimum is very risky.

If everyone in a given country were to take these measures, then the whole country would be better prepared to handle an economic catastrophe. Usually in these situations, the nation just needs a little time for the economic managers to reorganize their strategies. They may need to borrow or print more money. They may even need an entire economic facelift with a totally different strategy, for example, to shift from communism to free-market capitalism. The individual just needs to ensure that he or she has enough survival essentials to survive until the political smoke clears.

The second major thing that can help individuals survive a major economic collapse is to recognize the value in human cooperation and unity. Many doomsday preppers plan on isolating themselves and taking care of only their families. This is a short-sighted approach though. It should never be forgotten that what took us to our current state of civilization is our proper management of wealth together. Collectively we have created civilization, and collectively we can destroy it. Thus, in a worst-case scenario, collectively we can recreate it! Humans can fix almost any situation, as long as we keep united. It may take a little time, and thus, the reason for the individual emergency reserves. However, people should not hurt others and steal from one other. This can lead to a downward spiral of other problems.

We are our best assets! If we create animosity among our neighbors, especially for reasons that may be out of our control, then we divide ourselves and lower our collective probability of returning civilization to its former state. None of us, regardless of our occupation, can restore an economy alone. Simply, it would require too much knowledge and labor for any single person or even a small group. The above points could help us keep our focus and our sanity if we ever were to unfortunately experience an economic collapse.”

– Excerpt from The Survival of the Richest (2016) by Dr. Anthony M. Criniti IV, pages 215-217

Survival Final High Resolution Front Cover

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“…you can never fully understand survival unless you are close enough to its edge to observe it” (The Survival of the Richest, Criniti, 2016, p. 157).

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Everyone should always have a financial plan, but there are times when the plan needs to shift immediately. I envy the qualities of water: it can adapt to a new environment without a moment’s notice. No sense in clinging to a plan that was great yesterday and disastrous today…

-Dr. Finance

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What does “staying safe” mean during times like this?       

During the coronavirus pandemic, you probably have heard the term “stay safe” more frequently than normal. Under ordinary conditions, we generally can depend more on others to help us maintain our safety (after all, that is what we pay for with our precious tax money). However, with a lot of pressure on the resources of fire departments, medical teams, and the police departments right now, more responsibility rests on us to “stay safe.” Learning how to survive in isolation becomes a necessity for many. In particular, wearing masks and keeping clear of viral threats during this #crisis is your own personal duty to yourself.

I would like to share with you a passage from my last book on survival, The Survival of the Richest. Hopefully, this message will save lives:

“…I don’t believe that it is in someone’s best interest to implement survival skills while investing all of her or his efforts in the hope of an unknown party possibly saving the day. To be clear, in many survival situations, it may be an ideal conclusion to be rescued. However, a safer proposition is to learn how to survive without being dependent on unknown external factors. After all, who will save you if the hero never shows up? The only person who will always be available (even if badly injured) in any survival situation is the potential survivor” (Criniti, 2016, p. 13).

Stay safe!

Dr. Finance

Survival Final High Resolution Front Cover

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In these challenging times, it is important to recognize the value of companionship; which was listed in The Survival of the Richest book as a secondary physical immediate survival essential (Criniti, 2016, p. 101). So many survivors of great tragedies in history have ranked loneliness as their top issue along with hunger and thirst. To be happy, we need people like we need air. This will also be the great lesson for the world of this current major event.


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Super cool letter from one of the founding fathers of the science of finance, Harry Markowitz.  Harry’s article called Portfolio Selection in 1952 began the shift from something called economics to a new thing called finance. 


Harry Markowitz Letter 1-29-20 Public

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For those of you who are interested in finance and have a Goodreads account, please feel free to join the finance group called Dr. Finance’s Finance Group at https://www.goodreads.com/group/show/1041768-dr-finance-s-finance-group


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Life-changing book reveals some of the most important conclusions in science

Dr. Anthony M. Criniti IV extracts significant findings from newly discovered connections between biology, economics, finance, and survivalism in “The Survival of the Richest”

PHILADELPHIA – In “The Necessity of Finance,” Dr. Anthony M. Criniti IV taught that learning the science of finance is necessary for individuals, groups, and organizations to survive. Survival’s role was clearly mentioned there, but a major question was left unanswered: What is more important than learning how to survive? Over the years, he realized that if he truly wanted to better understand the necessity of economics and finance, then first he must thoroughly understand the necessity of survivalism. With unprecedented determination, Dr. Criniti sets out in “The Survival of the Richest” (ISBN 098845954X) to argue that wealth has always been the true link between survival and prosperity.

Dr. Criniti began his quest to find the answer to a simple question, but was forced to detour through various related subjects, such as biology, genocide, and the martial sciences. His difficult journey led him to confront some of life’s most important questions. What is life and death? What role does the struggle play in survival? Why survive? Some serious questions about the human race also needed to be addressed. What are we capable of? Who are we?

Readers will be engaged in the most comprehensive overview of the science of survival and will find explanations for this book’s disturbing scientific conclusions. Some examples of these conclusions include, but are not limited to, that the goals of economics and finance are interrelated with the survival goals of economic and financial entities; that finance is the precursor to economics; that being wealthier increases your probability of continuously surviving and prospering by providing you the greatest options to obtaining survival essentials; that wealthier entities have the option to help other economic or financial entities (including nonhuman ones) survive and prosper, particularly through the concepts of the survival and the prosperity by a third party; that the management of money, and the technology that it can buy, is an advanced, necessary stage in the process of evolution—that is, the evolution of evolution; that the survival of the richest is a more accurate concept than the survival of the fittest; and that all humanity should have the united goal of maximizing our wealth for our survival on this planet and beyond.

“It is important to remember though that just like individuals, groups, and nations, in general, if the inhabitants of a wealthy planet like Earth decide not to continue to maximize wealth, then they automatically, by default, choose to increase Earth’s chances of moving in the direction of the edge of survival, and ultimately, closer to death,” says Dr. Criniti. “As demonstrated earlier, more wealth provides more options for the wealthiest entities to survive better; it does not necessarily mean that those entities will choose the best options. If life on our planet is to continue to prosper, then we must exercise our options for better survival and do it together!”

The Survival of the Richest” is available for sale online at Amazon.com and other channels.

About the Author:

Dr. Anthony M. Criniti IV is a former financial consultant and a current professor of finance at several universities. He earned a PhD in applied management and decision sciences with a concentration in finance. He also holds several prominent designations from The American College. A native of Philadelphia, Dr. Criniti is an active investor, an explorer, a financialist, a survivalist, and has traveled the world studying various aspects of finance. He is also the author of two acclaimed finance books: The Necessity of Finance and The Most Important Lessons in Economics and Finance. Finally, Dr. Criniti has just released his new book, The Survival of the Richest.


Dr. Anthony M. Criniti IV

E-mail:             info@learn-about-finance.com

Web:                https://learn-about-finance.com/



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