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Fire up Your Finances:

Economic Heat

by Dr Joseph Blake Jr

How would you describe the Hyperbolic discounti ng centers form what is referred to as the
transformation from being a on the ti me value of money, “Fire Triangle”.

military firefighter to a financial where money received today

firefighter? The parallel and had more value than money There are three stages of a fi re as

similarities of saving lives and received tomorrow. (Blake, 2019, well: incipient, free burning, and

protecting property form the pg. 36) Let’s say you rolled-over a smoldering stage, followed by a

foundations of an economic retirement fund with $30,000 into possible back draft conditi on.

rescue mission. In my 13-year a typical mutual fund. (See chart
career as a US Air Force Fire on page 29). Then, in addition, I translated Fire Science into

Fighter versus 26-years as an added $200 monthly during the Financial Fire Science. So, what
investment advisor, I noticed period from June 2009 through are the elements or stages of

few surprisingly complimentary June 2020. The results in 11-years your fi nancial science formula that
elements. Just as having the proper would be $125,611 with an you use to light up your fi nances?
tools and equipment to perform a average 9% rate of return during Think of the knowledge, acti ons,

firefighting operation is paramount this time frame. and behaviors you need to

to save lives and protect property.

Knowing a few monetary concepts exhibit toward achieving financial

like mental accounting, hyperbolic The Dow Jones volume declined independence.

discounting, and Financial Fire to 8,447 point in Jun 2009

Science can make a difference. rebounding to 26,559 in 2020. Here is another weird one, the fi re
This means the results in your concept of vapor density. This

Mental accounting illustrates financial portfolio will have precept measures whether a gas or

how we spend money in ‘bucks’ seen exponenti al growth. Note, vapor is heavier or lighter than air.

as a traditional means of keeping immediately aft er the downturn Using 1.0 as the measure, Helium
track of the cash a consumer in the economic markets, it (balloon) gas measures. 00018
spends (Blake, 2019, pg. 36). recovered at an astounding pace. lighter than air, whereas natural
The purpose of this process is This process has been repeated gas equals. 7 nearly as heavy as air.
to maintain spending, yet some itself for nearly 100 or so years.
families use it as an overall family Balloons tend to float away into

financial practice. This method has Financial Fire Science: Fuel, heat, the wild blue yonder and natural

no bearing on positioning your and oxygen, along with a chemical gas seeks low lying areas.
money to grow and could limit chain reacti on, are the components
future growth. to a fire. The first three elements

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