Skousen CAFE: There is Only ONE Guaranteed Way to Financial Success

You are receiving this email because you signed up to receive our free e-letter Skousen Investor Cafe, or you purchased a product or service from its publisher, Eagle Financial Publications. [Skousen's Investor CAFE] [Forecasts & Strategies]( [Fast Money Alert]( [Five Star Trader]( [Home Run Trader]( [TNT Trader]( There is Only ONE Guaranteed Way to Financial Success By Mark Skousen Editor, [Forecasts & Strategies]( 09/28/2023 Sponsored Content [Watch SHOCKING Footage of AI Facility with Ties to Elon Musk]( I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security. [Click here to see the details because this will definitely impact you and your family.]( “Any earner who earns more than he can spend is automatically an investor.” -- Gerald Loeb (“Maxims of Wall Street” p. 21) Last week, I gave a series of lectures at Wabash College, the all-male school in Indiana, and The Citadel, the mostly male military academy in South Carolina.   Prof. Richard Ebeling and Mark Skousen at The Citadel. My topic was “What Drives the Economy: Consumer Spending, Business Investment or Government Stimulus?” What really caught the attention of the students was when I talked about the theme, “What is the key to your personal financial success?” Nothing gets the attention of students more than their own prosperity after they graduate. Does Consumer Spending Drive Economic Growth? I gave them three choices. - “Spend all you can.” Is the key to financial success a big mortgage, a car payment and an outstanding credit card bill? Most rejected the “big spending” philosophy of life, and rightly so. Yet, isn’t this exactly what the government does -- overspend and run up huge debts? Earlier, I debunked the idea that “consumer spending drives the economy.” High levels of consumption are actually the consequence of profitable businesses. It is known as “Say’s Law”: consumer spending is the effect, not the cause of prosperity. And yet, there are businesspeople out there who are enamored with the Keynesian mindset that “what goes around comes around.” If you spend enough money, somehow it will come back to you. But it seldom happens. Don’t think you can spend your way to prosperity, either as an individual or as a nation. I’ve met a few businessmen who are big spenders -- they usually end up bankrupt. [The Single Best Reason to Get Back into the Market Today]( I see it every day… Investors resigned to their fate, watching the market helplessly. Things are scary, yes, but don’t let fear keep you from making money. Especially when one of the biggest opportunities of the decade is staring us right in the face. What I’m talking about is the long-overdue upgrade to America’s financial systems… to keep pace with AI and the sheer speed of today’s business transactions. You can view it for free, [just by clicking here.]( Will a Big Salary or High Profits Guarantee You Success? - “Earn all you can.” When I suggested this second choice, many students raised their hands and supported the thesis that earning more money was the key to success. Having a hard time making ends meet? The solution? Earn more money! A raise or a salary bonus gives you the chance to buy a new car, a new home, a family vacation or put your kids through college. But I shook my head. Earning more money does not guarantee you success. There are plenty of stories about millionaires who went bankrupt because they spent all their gains and went into debt to the point of no return. Sports figures and entertainers, in particular, are famous for going bankrupt. People such as Mike Tyson, Wayne Newton, Michael Jackson, Larry King and Cyndi Lauper. If you don’t live within your means, you can run into trouble. The Real Key: Productive Saving! - “Save all you can and invest it productively.” The only real way to get ahead and stay ahead is to live within your means, save regularly and invest those savings productively -- either in a successful business, the stock market or other investment programs. Mark Skousen, Kevin O'Leary and Alex Green at FreedomFest. Kevin O’Leary of Shark Tank fame said it best: “Getting rich is easy if you follow three rules: spend less, save more and invest the rest” (“Maxims of Wall Street” p. 26). The students all took notes. Their question was, “Where to invest one’s savings?” You have several choices. You can invest your savings in a bank account, but that’s not going to earn you much. You can invest in a new business venture -- many members of the 400 richest people in America got started that way. But it’s high risk. Over 90% of all small businesses fail within five years. You can invest in specialty areas such as rental properties, collectibles or penny stocks with various levels of risk. Or you can invest regularly in the stock market, buying individual stocks or a stock index fund, depending on your level of risk taking. I’ve tried all these formulas for financial success, and each one may appeal to you. But for the majority of savers/investors, perhaps investing your 401k or IRA in a stock index fund may be the safest way to earn a fortune. Start by Becoming Educated I recommend you invest some time in educating yourself in the business of investing. A good starting point is to read “The Richest Man in Babylon,” by George Clason. I quote it on p. 24 of “Maxims.” “In old Babylon there once lived a certain very rich man named Arkad. Far and wide he was famed for his great wealth. Also, was he famed for his liberality. He was generous with his charities. He was generous with his family. He was liberal in his own expenses. But nevertheless, each year his wealth increased more rapidly than he spent it.” Why? Because, Arkad said, 'A part of all you earn is yours to keep.'” Then start investing -- you’ll learn fast what to do and what not to do. [Join Mark Skousen at the Orlando MoneyShow on October 29-31, 2023]( Join financial expert Mark Skousen live at the [Orlando MoneyShow]( from October 29-31, 2023. Gilder will have two discussions on “Adam Smith Makes Two Prophecies about America: One Bullish and One Bearish” and “The Fed Disaster Plan: Beating Tight Money in 2023 with My Five Favorite Growth and Income Investments”. [Click here now to reserve your spot!]( Second Book to Read: The Maxims of Wall Street The second book to read is “The Maxims of Wall Street”, my collection of all the great sayings, adages and worldly wisdom by the financial gurus. Every subscriber should have a copy. The price is only $20, a bargain (the retail price is $24.95). And I make it easy to buy additional copies for your friends and family members. Only $10 to buy another copy or two. Some even buy an entire box of 32 copies -- the price is only $300. I pay postage if mailed in the United States. By the way, I’m being forced to raise the price of the next edition due to increased costs of printing and postage. So, if you want a copy of the 10th anniversary edition, now is the time to buy it. Go to [www.skousenbooks.com](. Upcoming Conferences Orlando MoneyShow, Oct. 29-31, Omni Orlando Resort at ChampionsGate, Florida: On Sunday, Oct. 29, I’ll be the keynote speaker at the Orlando MoneyShow. My topic is “Adam Smith Makes Two Prophecies about America: One Bullish and One Bearish,” followed by a breakout session, “The Fed Disaster Plan: Beating Tight Money in 2023 with My Five Favorite Growth and Income Investments.” Other speakers include Charles Payne (Fox Business), Jon and Pete Najarian (CNBC), Steve Moore, George Gilder, Bryan Perry, and Dave Phillips. My subscribers can get 20% off the registration at [www.moneyshow.com]( or by calling 1-800-970-4355. Be sure to reference my discount code, SPKR20. Good Investing, AEIOU, [Mark Skousen] Mark Skousen Doti-Spogli Endowed Chair of Free Enterprise, Chapman University [Wikipedia]( [Newsletter and trading services]( [Personal website]( [FreedomFest]( [You Blew It!] 'The Funding Founder' Richard Viguerie Turns 90! By Mark Skousen Editor, [Forecasts & Strategies]( “It is incredible the quantity of good that may be done in a country by a single man who will make a business of it.” -- Benjamin Franklin Last week, I attended a gala celebration of an old friend, Richard Viguerie, the founder and chairman of the American Targeting Association, who turned 90 years old on Saturday, Sept. 23. He is best known as the premier promoter of direct-mail advertising for politically “conservative” causes. We share common interests in politics, religion and direct-mail advertising, which has gradually shifted to online advertising. In his remarks, Richard acknowledged his “co-producer” since the inception of his direct-mail operation: Benjamin Franklin, who was, of course, the first Postmaster General, and my direct descendant! Several years ago, I sent Richard one of my favorites of Franklin’s quotes, “It is incredible the quantity of good that may be done in a country by a single man who will make a business of it.” He is also a fan of Franklin’s motto, “Early to bed, early to rise, makes a man healthy, wealthy and wise.” Richard has even written a book on healthy living, and he tries his best to stay active through exercise and diet. His goal is to imitate the Old Testament prophet Moses: “And Moses was a hundred and twenty years old when he died: his eye was not dim, nor his natural force abated.” -- Deuteronomy 34:7 If anyone can do it, Richard can. He wakes up every morning ready to go. About Mark Skousen, Ph.D.: [Mark Skousen]Mark Skousen is an investment advisor, professional economist, university professor, author of more than 20 books, and founder of the annual FreedomFest conference. For the past 40+ years, Dr. Skousen has been investment director of the award-winning newsletter, [Forecasts & Strategies](. He also serves as investment director of four trading services: [TNT Trader]( [Five Star Trader]( [Home Run Trader]( and [Fast Money Alert](. About Us: Eagle Financial Publications is located in Washington, D.C. – only a few blocks from the Capitol. Our products have been helping investors build their wealth for several decades. Whether you’re a long-term investor or short-term trader, you’ll find the right strategy for you, including how to earn more steady income to spend now, preserve and grow your capital to enjoy later, and whatever other investment goals you have. Visit Our Websites: - [StockInvestor.com]( - [DividendInvestor.com]( - [DayTradeSPY.com]( - [CoveredCall](.com - [MarkSkousen.com]( - [GilderReport.com]( - [BryanPerryInvesting.com]( - [JimWoodsInvesting.com]( - [InvestmentHouse.com]( - [RetirementWatch.com]( - [SeniorResource.com]( - [GenerationalWealthStrategies.com]( - [[YouTube] Visit our YouTube Channel - Eagle Investing Network]( To ensure future delivery of Eagle Financial Publications emails please add financial@info2.eaglefinancialpublications.com to your address book or contact list. View this email in your [web browser](. This email was sent to {EMAIL} because you are subscribed to Dividend Investor Daily. To unsubscribe please click [here](. If you have questions, please send them to [Customer Service](mailto:customerservice@eaglefinancialpublications.com). Legal Disclaimer: Any and all communications from Eagle Products, LLC. employees should not be considered advice on finances. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized advice on finances. Eagle Financial Publications - Eagle Products, LLC. - a Salem Communications Holding Company 122 C Street NW, Suite 515 | Washington, D.C. 20001 [Link](