Do you remember our old friend Ronald Read who died in Brattleboro, VT, in 2015 with an $8 million fortune? “He lived modestly, working as a maintenance worker and janitor at a J.C. Penney store after a long stint at a service station that was owned in part by his brother,” writes Anna Prior in The WSJ. “Those who knew him talk of how he at times used safety pins to hold his coat together and sometimes parked his 2007 Toyota Yaris far from where he was going to avoid having to feed the parking meter.” Prior continues: Mr. Read owned at least 95 stocks at the time of his death, many of … [Read more...]
Sink Your Teeth into These Bond Yields
“Red sky in morn, sailors take warn,” goes the saying. On this morning, the sun was as red as a lollipop, the kind that turns your tongue so red you want to show it to whoever’s next to you. Your Survival Guy heard it’s the dust, spun up from the wind, reflecting off the sun. Scientific American says it’s from the Bible (Matthew 16:2-3), attributed to a quote from Jesus. "When it is evening, ye say, fair weather: for the heaven is red. And in the morning, foul weather today for the heaven is red and lowering." Your Survival Guy’s 4 Ways to YOUR Wealth NOAA, not Noah of the Ark, has a … [Read more...]
You’ve Created Your Own Kingdom, Your Everlasting Life
What can we learn about lifelong wealth from the passing of Queen Elizabeth II? For one, as I wrote to you yesterday, “to do nothing is the hardest job of all.” If you think about your lifelong endeavor of compounding, like I most certainly do in my life, then you rise above the day-to-day noise like a heavenly spirit. You see life for what it is, a gift. A gift to be cherished. Because your gift can live on forever in the name of your children, your children's children, and theirs. When you separate your emotions from your money, you’ll find it will be difficult to separate it from … [Read more...]
God Save the Queen: To Do Nothing Is the Hardest Job of All
Last night, Becky and I watched episode four, season 1 of The Crown on Netflix as we honor the passing of Queen Elizabeth II. During the episode, a blanket of fog covers the streets of London, overwhelming hospital beds with residents gasping for air. Prime Minister Winston Churchill is under immense pressure to “do something,” but he holds firm with his belief that the fog is an act of nature, and an act of God, and that it will lift. Your Survival Guy: Long Live Queen Elizabeth II When Churchill’s young secretary is fatally struck by a bus, he arrives at a busy hospital where someone … [Read more...]
On the Docks at the Newport International Boat Show
Happy Monday from Your Survival Guy. Hope you had a great weekend. As I mentioned to you Friday, this was boat show weekend in Newport. The weather was beautiful. Wish you were here. And if you are here, it’s still not too late to pop in and see me for a cup of joe. With that said, I thought I’d show some shots from the docks. Become a compounding machine and the choices are far and wide. Action Line: If you want to visit me in Newport, click here to get in touch. Until then, you can get to know me better by subscribing to my free monthly Survive & Thrive letter, where I push you to … [Read more...]
Boat Show Weekend in Newport, RI with Your Survival Guy
Happy Friday from Your Survival Guy. This is boat show weekend in Newport. If you’re in the market for a boat, come on down or plan on it for next year. I recommend coming to town on Thursday night, seeing the boats Friday/Saturday or Sunday, and making time to see Your Survival Guy before or after. The weather’s beautiful, and if boating’s not your thing, there are plenty of other activities going on in September. It’s going to be a gorgeous weekend. Here’s what’s going on this weekend. FRIDAY Audrain Auto Museum open 10am-4pm The Breakers open 10am-5pm The Elms open 10am-5pm Marble … [Read more...]
Reap the Windfall of Compounding Your Money
You don’t need to save the world in a day to reap the windfall of compounding money. You can read about Your Survival Guy’s 4 Ways to Your Wealth and teach someone you know about becoming a compounding machine. Saving money on a regular basis is a linear event. Mix in time and interest on interest and you quickly see the miracle of geometric growth. Action Line: If you want to talk about how you can put compound interest to work for you, get in touch with me here. Originally posted on Your Survival Guy. Your Survival Guy’s 4 Ways to YOUR Wealth Your Survival Guy’s four ways … [Read more...]
Your Survival Guy’s 4 Ways to YOUR Wealth
Your Survival Guy’s four ways to your wealth are: Let your money hibernate Work for as long as you can You are most valuable Get your lazy cash off the couch Look, I want you to be a compounding machine. I’ve spent most of my life compounding money beginning with a passport savings account my dad helped my sister, and I set up at the local bank when we were kids. Back then, interest rates were something you could sink your teeth into, and if you kept the money invested long enough, you saw interest on interest work its magic. I didn’t worry about inflation. That’s the … [Read more...]
Your Survival Guy’s Got Quarters in His Loafers Tryin’ to Fight Inflation
Are we having fun yet? If you’re with me, and I hope you are, I know you don’t love big swings in the stock market. But, at the end of the day, prices are opinions, and based on the state of the world, opinions are in no shortage in the supply chain. Could Railroad Strikes Cripple the Already Suffering Supply Chain? Your Survival Guy’s got quarters in his loafers tryin’ to fight inflation. Inflation at 8.3%? You and I know it’s much higher in many areas of our life. You know that no matter who wins in November, spending in Washington is not going to stop. The executive branch is … [Read more...]
Do you remember the 70s? “Like it was Yesterday,” You Tell Me
“Like it was yesterday,” you said in my conversation with you. We were talking about your portfolio and markets and transitioned to Roxbury, Massachusetts of all places, and the Mission Hill neighborhood. I was explaining how, on Tuesday following Labor Day Weekend, Becky and I helped our daughter move to her new apartment where it seems everyone at Northeastern University lives. I said it’s outrageous what they’re getting for rent in these triple-deckers. “Funny, you should mention that,” you said. “I lived around the corner when I was at Northeastern a long time ago,” you … [Read more...]