Hi All,

One thing I’ve learned from following my globetrotting wife around the world is that there is a great diversity in economics, political beliefs and religion. In particular, it seems that one international topic many Americans do not understand is Islamic banking.

So, this video is a 5 minute explanation of some of the basic beliefs of Islam and how it affects the structure of banking and investment patterns in Islamic countries.

I’ve found the clip to be quite informative and hope you will as well.

Best,

James

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1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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