{"id":2974,"date":"2016-05-10T08:00:11","date_gmt":"2016-05-10T12:00:11","guid":{"rendered":"http:\/\/www.incredibleretirement.com\/?p=2974"},"modified":"2016-03-31T15:48:48","modified_gmt":"2016-03-31T19:48:48","slug":"the-top-3-rules-i-would-put-in-place-if-i-ran-the-country","status":"publish","type":"post","link":"https:\/\/brianfricke.com\/the-top-3-rules-i-would-put-in-place-if-i-ran-the-country\/","title":{"rendered":"The Top 3 Rules I Would Put in place if I Ran The Country"},"content":{"rendered":"

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Admit it, you\u2019ve probably thought about what you would do if you were running the\u00a0country, even for a day.<\/p>\n

I know I have. In fact, I came up with a long list of things.<\/p>\n

Here are\u00a0my top three<\/strong>, in no particular order, along with some explanations of why\u00a0<\/em>(To see the complete list, check out my book, Worry Free Retirement<\/a>)<\/em>:<\/p>\n

1. You Can\u2019t Cash Your Paycheck Until You Are Financially Literate<\/strong><\/p>\n

Basic financial education would be a requirement in every public and private school. In\u00a0fact, you would not be allowed to cash your first paycheck until you complete the required course.<\/p>\n

This rule applies to high school students working part-time.<\/p>\n

If you have\u00a0to take a written test and demonstrate your skills in order to get a driver\u2019s license, there\u00a0should be a similar requirement that you have certain money management skills when\u00a0you start earning money.<\/p>\n

I believe money\u2014especially credit cards\u2014in the hands of\u00a0someone with no basic financial training can be very damaging<\/em>.<\/p>\n

2. Eliminate Hidden Fees<\/strong><\/p>\n

All investment companies (brokerage firms, mutual funds, banks, insurance companies,\u00a0401k plans, etc.) would be required to tell you in plain English how much money was\u00a0deducted from your account to pay for fees at least once a year.<\/p>\n

Anyone giving you\u00a0advice including financial advisors, insurance agents and stockbrokers, in addition to\u00a0CPA\u2019s and attorneys, must fully disclose all income and commissions on the products\u00a0they sell you.<\/p>\n

3. Fix the Tax Law<\/strong><\/p>\n

Anyone holding Public Office MUST file his or her own personal and\/or business tax\u00a0returns by hand using only the IRS provided instruction booklets.<\/p>\n

No computers<\/em>,\u00a0software<\/em> or accountants<\/em> can be used. I would hope that this would quickly lead to reform\u00a0of the awful tax code.<\/p>\n

I would suggest a national sales tax. For more information go to\u00a0www.fairtax.org.<\/a><\/p>\n

What would you do if you ran the country for a day? Send\u00a0your thoughts and comments\u00a0to info@fmcretire.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Admit it, you\u2019ve probably thought about what you would do if you were running the country, even for a day. I know I have. In fact, I came up with a long list of things. Here are my top three, in no particular order, along with some explanations of why:<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,11],"tags":[342,344,343],"_links":{"self":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/posts\/2974"}],"collection":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/comments?post=2974"}],"version-history":[{"count":0,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/posts\/2974\/revisions"}],"wp:attachment":[{"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/media?parent=2974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/categories?post=2974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianfricke.com\/wp-json\/wp\/v2\/tags?post=2974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}