The Secret of Great Wealth... and of Life

Although many people are financially stressed due to the pandemic, healthy financial habits will help - along with understanding what being wealthy means.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  [Liberty Through Wealth]( SPONSORED [Get Bill O'Reilly's Latest & Greatest!]( [The United States of Trump]( pro-Trump nor anti-Trump... ["This is a history book," 15-time bestselling author Bill O'Reilly says](. It's the historic, gripping account of the life of a sitting president. Take it from Bill... "If you want some insight into the most unlikely political phenomenon of our lifetime, you'll get it here." [Check it out now.](  Looking for the secret to a rich life? Confirm your email address with us to ensure you continue to receive invaluable tips from Alexander Green, Nicholas Vardy, Mark Ford and other top financial experts each day! [Click Here to Confirm Your Email Address](  THE SHORTEST WAY TO A RICH LIFE The Secret of Great Wealth... and of Life Alexander Green | Chief Investment Strategist | The Oxford Club [Alexander Green] This year's pandemic has added stress to a lot of people's lives. Work stress. Family stress. Health stress. And, of course, money stress. A [recent CNBC poll]( found that "90% of Americans feel anxious about money due to the COVID-19 pandemic." Financially stressed men and women face greater physical and mental health challenges. During the last financial crisis, people who worried about their finances reported greater back and muscle tension, more ulcers and digestive problems, heart arrhythmia, higher blood pressure, insomnia, migraines, severe anxiety and even depression. [Insider Alert-Moderna]( [Click here]( to watch Alexander Green's latest video update. To a great extent, the difference between handling money right and wrong determines our happiness, well-being and quality of life. That's why it's a shame that less than half of our country's high schools offer even a basic class in financial literacy.  SPONSORED [[EXCLUSIVE] How to Help Protect Your Family's Health TODAY]( [Children with Masks]( We live in uncertain times. But no matter what the mainstream media says, [you can help protect your family's health today](. If you have these [three simple, natural ingredients]( in your kitchen right now, you can help support a healthy immune system. That's because they create what some are calling the "[Perfect Drink]( [>>Go HERE now to see why.](  I'm all for liberal arts education. But if I had to choose between learning about the life of a cell, the history of Europe and how to handle money, I'd choose the last. Few of us will become biologists or historians. All of us have to earn, spend and save. According to the [Financial Health Network]( people who handle money well have eight habits in common: - They spend less than they earn. - They have manageable debt. - They pay their bills on time, avoiding interest charges, late fees and reconnection costs. - As a result, they have a higher credit score, lowering their cost of borrowing. - They have enough savings to meet an unexpected financial emergency. - They have appropriate insurance, so a sudden setback doesn't derail their investment program. - They invest to meet long-term goals. - Which means they actually have long-term investment goals. Consider that last factor: goals. Goals are dreams with deadlines. They are specific - and they have a date attached. "I want to be rich" is just a wish. "I want to have a $1 million net worth by my 60th birthday" is a goal. How do you reach it - or any other financial goal - as quickly as possible? The formula is straightforward. Earn as much as you can. Save as much as you can. Invest as much as you can. And let it compound. To know what you need to do to reach your goal, you need only spend a few minutes with a compound interest calculator, [like the one here](. For example, invest $481 every month for 30 years - and earn no more or less than the average 10% long-term return of the S&P 500 - and you will have $1 million. Of course, some readers can't wait or don't have 30 years. They will have to save more or earn a higher rate of return or both. Knowing your "number" - whatever that may be - allows you to set monthly financial goals. To reach those, you may need to make lifestyle adjustments as far as spending and saving. My friend and colleague Mark Ford wrote an excellent column this week on living rich and building wealth. ([You can find it here.]( As Mark points out, scrimping isn't necessary. You need only be smart about spending. That begins with the realization that conspicuous consumption is not the route to wealth... or happiness. Last year, I had dinner in New York City with a good friend, a founder of a Fortune 500 company. He's not a billionaire but he's closer than most. It was just the two of us and, as the wine was flowing, I asked him a personal question. "Like most highly affluent people, you have more than you'll ever spend. What is it you most want to do with the time you have left?" He didn't miss a beat. "Nothing," he said. "If I died tomorrow, I'd die a happy man, knowing I'd lived a good life, enjoyed my family and friends, achieved most of my goals and gave most of my fortune away." "But isn't there anything left that you really want to do?" I pressed, curious what that might be. "You know what I look forward to the most?" he laughed. "A good meal with close friends and stimulating conversation." How many people can't afford that? Many folks imagine that if they had great wealth, they'd spend their time flying around the country on a private plane, sailing the Caribbean on their yacht and dining in a Michelin five-star restaurant in some exotic locale. (And, truth be told, the uber-wealthy do enjoy some of that.) But more often than not, the ones I know are eager to tell me about some book they just read, some series they just watched on Netflix or some hike they recently took in the woods. The cost of these things is somewhere between negligible and zero. Too many Americans are not getting rich because they're too busy trying to look and act rich, buying luxury cars, designer clothes, and expensive wines that most wealthy individuals could happily live without and often do. Want to get rich sooner? Give up the minor extravagances, save regularly, invest wisely and fight the temptation to spend down your net worth as it snowballs. That's the most effective route to financial independence. And a smart way to live generally. Good investing, Alex [Leave a Comment]( Do you have healthy financial habits? [Let us know in the comments!](  For Alex's latest video updates, subscribe on [YouTube](.  JOIN THE CONVERSATION [Facebook]( [Facebook]( [Twitter]( [Twitter]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Liberty%20Through%20Wealth...&body=From%20Liberty%20Through%20Wealth:%0D%0A%0D%0AAlthough%20many%20people%20are%20financially%20stressed%20due%20to%20the%20pandemic,%20healthy%20financial%20habits%20will%20help%20-%20along%20with%20understanding%20what%20being%20wealthy%20means.%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Liberty%20Through%20Wealth...&body=From%20Liberty%20Through%20Wealth:%0D%0A%0D%0AAlthough%20many%20people%20are%20financially%20stressed%20due%20to%20the%20pandemic,%20healthy%20financial%20habits%20will%20help%20-%20along%20with%20understanding%20what%20being%20wealthy%20means.%0A%0D  MORE FROM LIBERTY THROUGH WEALTH [Will This Strategy Make You as Rich as Elon Musk?](    [You Can Live a Rich Life While Building Wealth](    [Make Your Fortune From "Variant Perception"](  SPONSORED [Saudi Regime Targets U.S.]( After the U.S. surpassed Saudi Arabia as the world's No. 1 energy producer, [the Saudi king may want payback](...  [The Oxford Club](  You are receiving this email because you subscribed to Liberty Through Wealth. Liberty Through Wealth is published by The Oxford Club. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. [Privacy Policy]( | [Whitelist Liberty Through Wealth]( | [Unsubscribe]( © 2020 The Oxford Club, LLC All Rights Reserved The Oxford Club | [105 West Monument Street](#) | [Baltimore, MD 21201](#) North America: [1.800.589.3430](#) | International: [+1.443.353.4334](#) | Fax: [1.410.329.1923](#) [Oxfordclub.com](   The Oxford Club is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that although our track record is highly rated by an independent analysis and has been legally reviewed, investment markets have inherent risks and there can be no guarantee of future profits. The stated returns may also include option trades. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publications prior to following an initial recommendation. Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, 105 W. Monument Street, Baltimore MD 21201.