Group Economics

By Michael Cadet

Group economics is the practice of buying goods and services within a specific group. For example, if I’m a farmer and I sell apples, my customers would theoretically consist of dentists, plumbers, retail shop owners, barbers and so on. The money the local retail shop owner spends with the apple farmer in theory should be reciprocated when the apple farmer needs to buy shaving cream at the local retail store. That’s good business. Communities essentially thrive on this practice.

The importance of group economics is to propel a group through an upward spiral of advancement. Progress. Economic power automatically equals political power. Economic power is created through education, spending dollars within your group, investing in real estate and the stock market (when market conditions provide an opportunity) and business ownership – this being the most important means of securing power.

In order to bring value to the marketplace, education and applied knowledge are the catalysts.  Applied being the operative word. Education should be advanced when a passion or curiosity arises. If you wake up with the smell of car oil under your nose, then you may have a calling for automotive services, which is a very profitable and sustainable industry. In order to create a demand for your service, you must first create value. Value is an emission, or in other words, it’s not just what you do, but how well you do it. Whether it’s changing someone’s oil, selling them merchandise, or processing a mortgage application, the quality of your service will determine the amount of business you receive over your competitor. All products and services of real value are embedded with specific ways of serving customers.

Keeping dollars within a group or area benefits the agenda of the principal group, so spending dollars within local communities provides an environment where economic advancement can thrive and lead to political power. Citizens of every community have needs. Whether it’s medical facilities or a park, these needs are only met through the circulation of money within a community and its citizens. When an outside institution with large resources infiltrates these communities, it essentially strips that community of its economic and political power. This is the reason spending dollars within your group or community is essential to its overall well being.

Investing in the stock market and real estate provides personal wealth and fortune. Personal wealth is the propellant that spins economic output: the more you have, the more you spend. Creating personal wealth depends on cultivating your own value. I cannot emphasize the importance of value enough. It’s responsible for attracting love, opportunity, and money.

Successful business ownership is the gateway to financial liberty. Experience from jobs pertaining to your field of interest can be achieved through internships and mediocre paying positions. Combining experience and value may act as an incentive to start your own venture. The entrepreneurial spirit is usually spawned when someone recognizes the opportunity to provide something the market isn’t supplying its customers. When deciding what type business to open, first do some soul searching to understand what will fulfill your life. Money doesn’t always equal happiness. Find what you’re passionate about and cultivate that curiosity into a valuable and sustainable skill you can provide to people.

Group economics has many moving parts: time, ingenuity, and an eagerness for independence. Goals steer the collective behavior of progressive people. Controlling resources such as how water is distributed to the local fire department is all dependent on you, the individual. Conditions of poverty and poor thinking can be combated and reversed. I challenge you to apply some effort and to not give up on your contribution to the world. Release your skills and talents so you and your community can reap the benefits. With that said, make your next move the best move!

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National Banks vs. Community banks

By Michael Cadet

There are two distinct types of banks you should be able to recognize. You have National/Regional banks and you have local community banks.

National/Regional banks offer much more convenience. They typically offer many locations throughout the country and in some cases internationally. This makes it easier to handle transactions when traveling outside your usual proximity. In most cases they offer longer business hours and 24hr customer service operations. National/Regional banks have greater resources and more lending capabilities than smaller local banks, which is extremely beneficial for a person or business with larger lending needs.

I’ve heard, unfortunately, customers complain that larger banks don’t offer as personable service as smaller banks do, and are less flexible with their policies and procedures. Negotiations can also be more difficult when it comes to loan conditions.

The main appeal of community banks is their personable service. This is primarily due to the fact that they’re not publicly traded, meaning these banks don’t have to report their numbers to Wall Street executives. Wall Street is only concerned with one thing – making a profit. The absence of Wall Street pressure makes it possible for smaller local banks to focus more on serving their community. They’re also generally more flexible with policies and procedures.

The only draw back to smaller community banks is the inconvenience of having limited locations. Also, smaller banks may not have the resources to accommodate larger lending needs.

Everyone has different needs depending on circumstance and personal preference, so it’s important to familiarize yourself with the characteristics of the bank that will be serving you.

As always, make the next move the best move!