Dear Chairman, Millionaires next door have questions—lots of them. But we’re not getting answers. Something earth-shattering is going on. And it seems no one in power is giving it much thought. Please review the chart series below. It looks like a bullwhip. A cliff. A ski slope. It’s dramatic, to say the least. How will this end? Your thoughts on the matter would be appreciated. Thank you. Warm regards, Your Survival Guy P.S. Tomorrow, read about American investors' last line of defense. Originally posted on Your Survival Guy. … [Read more...]
When Did You Become Serious about Your Money?
In my conversations with you, you tell me when you became serious about money. If it didn’t happen when your dad, grandad, or friend showed you Richard C. Young’s Intelligence Report, it happened when you yourself became a subscriber. You needed to make good investment decisions for your retirement. Also, when you subscribed to Dick’s letter, you signed up for a handful of others too. Over time you let the other subscriptions lapse, you tell me. But you kept subscribing to Dick’s letter. His was the one you liked most because you felt he enjoyed writing to you and cared about your success. … [Read more...]
“I Came from Nothing,” He Said. “I Mean Nothing.”
It was a sad end. He sent a thoughtful note. The window had closed. It wasn’t anyone’s fault. The timing wasn’t right anymore. They weren’t going to become clients. Like all relationships, we spent a considerable amount of time getting to know each other. We talked about his savings accumulated over close to eight decades of living. He’s the millionaire next door. But no one in the neighborhood would know it. “I came from nothing,” he said. “I mean nothing. We had a roof over our heads. Sure. But that was about it.” When you grow up like that, it’s something you never forget. The … [Read more...]
“Tell Me,” How Are You the Millionaire Next Door?
Don’t look now, but you’re the millionaire next door. You’re the one they’re talking about. “How do they do it? They’re off on another trip,” neighbors wonder. But you don’t think like that—like a millionaire—you’ve always lived this way. It’s your way of life. You’ve saved ‘til it hurts, paid taxes, and spent what you needed—but never too extravagantly. You wondered, a long time ago, how the other guys “afforded” the new trucks and toys. “I haven’t seen them in years,” you say to yourself now. “Wonder what they’re doing.” Chances are, if you’re reading Your Survival Guy, you know what I’m … [Read more...]
Starving for Fixed Income? How Can I Help?
Starving for fixed income? Looking for a stream of cash you can live with and live on? I hear you. When rates are this high, I pay attention. Because with this generational opportunity come lots of decisions. You have a chance to get your lazy cash out of the bank. You have an opportunity to park it in my favored Fidelity Treasury Money Market, yielding around 4.5% today. When you move your lazy cash from the bank and invest it, you get paid a handsome rate for your efforts. Isn’t that the way it’s supposed to work? You turn the tables. You invest. You win. I like that. What about … [Read more...]
#3 Habit of Highly Successful, Fairly Wealthy People
The third habit of highly successful, fairly wealthy people is this: They read Your Survival Guy every day. They make a habit of visiting daily to beat the Friday email rush. They like being in the know. They avoid crowds. Friends, I enjoy our daily visits and conversations. I enjoy the habit of thinking about your success. Your success and your generational wealth didn’t happen by accident. You saved ‘til it hurt. You made it. You respect it. You can’t afford to lose it. Investing is not the same as saving. When we talk, I listen. You tell me you’ve read Richard C. Young’s Intelligence … [Read more...]
Kim Kardashian Was Paid a Million to Appear Here
Where can you get independent research from an advisor who is a fiduciary by law? Where your advisor focuses on you, your money, and not every other cause in the world? It’s not as easy as you think. Take a random walk through the big players’ websites, and you might not like what you see. Your Survival Guy got a call from one of the bigger players the other day. It was the first time I’d heard from them in years. It’s as if I suddenly existed. Where’s the personal relationship they all flog? If I wasn’t interested in seeing how they’re doing, I’d be out of there. Anyway. Not cool. And … [Read more...]
May RAGE Gauge: Money Supply Meltdown
My RAGE Gauge is in, and it isn't good. All month Your Survival Guy monitors risk in America, and there's one that far outweighs the others. That's a miscalculation by the Federal Reserve. For years the Fed has jumped from one unprecedented policy to another, reacting to each move of the market like it's putting a candle out with a firehose. Now the Fed is driving up rates and, for the first time in history, creating a sustained decline in the M2 money supply. You've seen what's going on in the banking system. The Fed's moves are uncovering its bad actors. The risk is that there are too … [Read more...]
“One Prepares for Old Age While One is Young”
Life comes at you fast. It doesn’t slow down, even in retirement. That’s why it’s nice to have a team working for you. People you can trust. We’re in this together. We’re not that different from each other. Your Survival Guy had another eventful week of conversations with you. This is a message from a client I’ve been working with since the early 90s, when he was in his fifties. Here’s the caption to a picture he sent me: EJ, Not to be outdone. Our 50th anniversary at the Four Seasons Resort Punta Mita, Mexico. Our son in white, our daughter in black, son-in-law in blue, and our two … [Read more...]
We’d Never Spoken Before, but He Knew Me
“How often do we speak?” he asked. “That depends,” I said. “The firm I’m with now sets up an annual meeting,” he told me. “That doesn’t sound like enough,” I responded. “They’re responsive. If I have a problem or question, they get right back to me,” he said. How Much is Enough? That was just one conversation I had yesterday with a prospective client. He’s a frequent reader. He feels like he knows us. But it doesn’t seem like he knows his current team so well—the one handling his life’s savings. Until yesterday, he and I had never spoken before, but even so, he felt like he … [Read more...]