Increasing Income Beats Saving More... Here’s How.

You can’t outsave the coming inflation. [The Rude Awakening] April 28, 2023 [WEBSITE]( | [UNSUBSCRIBE]( Increasing Income Beats Saving More… Here’s How. - You simply can’t outsave the coming inflation. - The secret to beating the Fed and USG is dramatically increasing your income. - You can not only survive, but thrive during the coming recession. Read on… [***THE VICE PRESIDENT’S OFFICIAL MESSAGE***]( This is a special courtesy reminder from the Vice President Of Publishing Alerting you to a major opportunity in our business... …that could have a direct and immediate impact on your financial future. [Click Here to see the Vice President of Publishing's 2-minute clip explaining everything](. I’ll talk to you again in the Executive Summary. [Click Here To Learn More]( [Sean Ring] SEAN RING Happy Friday from a warm and sunny Asti! I was drinking my morning coffee when I watched the most extraordinary video. I’ll share it with you later on. But it got me thinking about what I did to get my lifestyle to the point where I was genuinely comfortable and happy. The Rude’s Four Pillars to Financial Freedom are examples. - I’ve got a second passport that allowed me to move to Italy. - I own online businesses in writing and teaching, allowing me to be location independent. - I own a bit of crypto, though that didn’t make me rich. Perhaps we should change that bit to “own a bit of gold, silver, or crypto.” - And my health, luckily, has dramatically improved lately. (I think that cursed vaccine and its pernicious effects have finally left my system.) Financially speaking, though, I’ve increased my income dramatically and lowered my costs as far as possible (without cutting out the fun stuff). There’s a lower limit to how much you can cut your costs. Sooner or later, you have to pay for food, shelter, travel, and, yes, entertainment. As Elektra King said to James Bond in The World is Not Enough, “There’s no point in living if you can’t feel alive.” And with that, the great news is there’s no upper limit to what you can earn. Or, more accurately, the only limit to your earning potential is your imagination. In his book Automatic Wealth, author Michael Masterson (Mark Morgan Ford) outlined four steps that I think work to this day: - Increasing your income. - Saving most of that extra money. - Investing it in a combination of real estate, stocks, and bonds. - Using your spare time (and some of your spare money) to start your own business. Masterson followed that plan with this quote: This system differs from most pinch-and-save programs in that it recognizes an important truth: to get rich in less than forty years, you have to radically increase your income. Simple, but not easy. At this point, Thoreau is worth listening to: Go confidently in the direction of your dreams! Live the life you've imagined. As you simplify your life, the laws of the universe will be simpler. “Cash is Trash” World-beating hedge fund manager Ray Dalio is famous for saying, “Cash is trash,” but we must put this into context. Saving money and sticking it in a checking account that earns zero interest is silly. But what if you’re saving for a house? What else are you going to do? Many took this as a call to invest in stocks, crypto, and other risky assets. Thanks to Chairman Pow, you can invest in 3-month t-bills and roll them until you need the cash. At present, you’ll earn 5.135% annually. It doesn’t beat inflation, but it’s better than a poke in the eye. So saving more has its benefits, especially now. But saving more of an increased income is better. The question is, how do you generate that extra income? [Was Nord Stream Attack Biden’s Covert “Act of War”?]( [Click here to learn more]( This [new video provides shocking details]( about the attack on Russia’s Nord Stream pipeline. Not only was this a covert “act of war”… But [this new evidence]( all but PROVES Biden had something to do with it… And it could have a devastating impact on you and EVERY American citizen. [Click here to watch this critical presentation NOW](. [Click Here To Learn More]( What Attributes Lead to Higher Income Like you, I’m constantly looking for extra income. Whether it’s by writing more, teaching more, learning a new monetizing skill, or investing better, my eyes are always open. But if I were to distill it down to a few attributes, this is what my perfect opportunity has: - It’s relatively cheap. Courses on Udemy that cost $10 on sale? I almost always buy one, just in case. It costs a few beers. But something that starts getting up into the triple and quadruple digits? I’m happy to fork out as long as I think I’ll make a few multiples off it. For instance, I bought an Excel course on Udemy for about $12, memorized it, and taught it to bankers for a few years. I made over $50,000. It was an enormous return on investment. I spent well over $1,000 in my lifetime on writing courses. That’s been an even more significant return. - It’s not too time-consuming. That Excel course was 11 hours long. For me, that’s easy. But ideally, I’d like to spend less time, if I can, and get more of a return. It depends on your concentration skills, the time you have, and the desire to learn. Some things take much less time to learn, especially if you have a mentor. - It’s something I enjoy. Business, finance, options, technology… send it all day long. If you’re going to learn something to earn more, the easiest way to start is to learn something you already enjoy. Know stock investing but aren’t sure about options? That’s fine, one follows the next, and you’ll almost certainly enjoy that. - It’ll move the needle income-wise. There’s no point in spending $1,000 to make $100. Spend that $1,000 to make $10,000. You don’t have to make it all at once, but set the timer for a year. A 10x return is something Warren Buffett himself would jump at. - It’ll enhance my knowledge base. Is it something that I can write about? Is it something I can eventually teach? Is it something that rounds out my knowledge of a particular area? Does it invite me to learn industry secrets I didn’t have access to before? Let’s face it, we all want to be more intelligent, interesting, and insightful. We want people to think we’re warm and competent. We’re happy to “sing for our supper.” What skills will complement those you already possess? A good test is the 4% Challenge. It’s easy to improve if you only go from 100% to 104%. You’re tested, but not to the point of frustration. You’ll learn but not exhaust your brain. Moving four percent at a time allows you to learn comfortably. For example, if you know the ins and outs of stock trading, learning to trade calls is a 4% step. Once you’ve mastered that, learning how to trade puts would be another 4% step. Then learning vertical spreads would be another 4% step, and so on. Where You Can Find These Opportunities Last night, Jim Rickards’ “[Mystery Banker]( was unmasked! [Zach Scheidt]( is the man Jim’s worked with for many years. He’s invented a method I’m interested in learning more about. Zach’s “[Income Matrix]( is a method he’s used to generate sensible but chunky returns on his indicators. What I like about Zach’s method is that it’s relatively cheap, won’t take up too much time, is enjoyable, will move the income needle, and enhances my market knowledge. That Jim Rickards wholeheartedly recommends [Zach’s method]( puts the cherry on top. Finally, did you know that Zach has seven children? He can’t afford to mess up with that many mouths to feed! Let’s use that to our advantage… Wrap Up I hope today’s piece helps you decide to go forth and conquer. And if you’re ready to make a potentially lifestyle-altering leap, just [watch this video from Jim and Zach](. Pro tip: watch it on 2x speed. You won’t miss anything, but it’ll go faster. You can adjust the speed by clicking on the settings wheel in the bottom right corner of the video. Then click the “2x.” Sometimes big moves require deep breaths and calm before you move forward. It’s entirely up to you, and I’m cheering for you from here. Here’s to you! Have a wonderful weekend. All the best, [Sean Ring] Sean Ring Editor, Rude Awakening In Case You Missed It… “You’ll Be Poor and Like It, Beggar!” [Sean Ring] SEAN RING Good Morning Reader, Happy Thursday! Friday, October 4, 2024, marks the day I will have spent half my life outside the United States. It’s over a year away, but I can’t believe how close it is. I remember when I first left, I calculated that date, never for a minute thinking I’d approach it while still living outside America. Yet here I am, in sunny Italy. But before that, there was rainy London. On October 3, 1999, I flew from JFK to London Heathrow (landing on the 4th, as it was the red eye). I was just over two months away from my 25th birthday. So I was still impressionable, but not completely. And I thank heavens for that. Because Europe, England, and London, had an enormous influence on me in every way. But luckily, I never caught the disease of socialism. Let me put this out there: because Americans know the founders of their country fought a war for their freedom, they look at the world in a way no one else anyway does. - Singaporeans were granted their independence [against their will](. - Australians and Kiwis were given their independence, over time, with no argument from The Crown. - The Irish almost managed it, then had The Troubles… [but will almost certainly get it done soon](. - The Scots were offered a vote on their independence… [and then voted “No!”]( Only the United States declared independence and then managed to win a war (thanks to French help, merci beaucoup!) to settle the issue. Basking in that reflected glory is one of the main reasons non-Americans can’t stand Americans. But seriously, how else are Yanks supposed to feel? Yes, our forefathers picked up a gun and said, “King George, take your 2% tax and shove it where the sun doesn’t shine!” Just hearing it involuntarily puffs out the chest. Obviously, our fathers have done nothing over the 39.8% top rate of income tax except, perhaps, polish their guns. But that’s a different story entirely. It’s for this reason I’m so grateful to have been born in America. History teaches Americans a fundamental truth: if you really want something, violence pays. Think that’s the wrong lesson? I don’t. Because when that violence was, and still is, a threat, governments are held in check. Somewhat. [Covid Was Trial Run to Control Americans – This Is Next]( [Click here to learn more]( If Biden’s Executive Order 14067 comes to pass, a former advisor to the CIA and Pentagon is predicting legal government surveillance of all US citizens; total control over your bank accounts and purchases; and indefinite Democrat control past 2024. He says Covid was a trial run for how to control a population. Dems will use their “pandemic playbook” to silence any dissent. [Click here to see exactly what to do before it happens](. [Click Here To Learn More]( Unfortunately, the English surrendered their guns and their pride a long time ago. Now, they are going through what I’ll call “Empire Regret.” Empire Regret is when a people are sorry for their past aggression and begin a period of prolonged, and obnoxiously unnecessary, self-loathing. The British Empire wasn’t perfect; no empire could possibly be. By nature, empires take more than they give. Just ask India. But there’s not a single person alive in England today who’s responsible for any imperial aggression. And yet, the young and impressionable English are tearing down statues (learned from their American cousins), rewriting Dahl and ignoring Kipling, and denying Clive, Rhodes, and old Queen Vic their rightful places in history. As a British citizen, it drives me batty. Because unlike most Yanks who move to London, I didn’t try to terraform the place into New America. I loved the weather, food, and barely being able to stand up straight after a night out. I started to watch football (not soccer!), rugby, and cricket. I learned to hate Australians for beating us at cricket, the Kiwis for beating us at rugby, and the French… for being French. But how I learned more Shakespeare in Hasbrouck Heights Junior-Senior High School than most of my English friends did on The Sceptred Isle baffled me. That they didn’t teach Alfred the Great, the Battle of Agincourt, and sinking of the Spanish Armada annoyed me. Now I know it’s because, for some reason, England is ashamed of its history. I learned that the English liked their limits. Their monarchy limited them. Their government limited them. Their socialism limited them. But it seems, finally, thankfully, the English may have had enough. If you’re an American, strap yourself in for this one. Take One for The Team, Peasant! Huw Pill, Chief Economist of the Bank of England, said that the people of England need to lump it when it comes to inflation. From [The Times of London]( Speaking on the Beyond Unprecedented podcast, Pill said: “If the cost of what you’re buying has gone up compared to what you’re selling, you’re going to be worse off. “So, somehow in the UK, someone needs to accept that they’re worse off and stop trying to maintain their real spending power by bidding up prices whether through higher wages or passing energy costs on to customers. “What we’re facing now is that reluctance to accept that yes, we’re all worse off and we all have to take our share.” Yes, what Pill is intimating, if not outright commanding, is that while the Bank of England can print up trillions of British Pounds to finance things like lockdowns, the English people must eat the resulting price rises. The British elite love throwing around the term “fair share,” as if they ever take it themselves. No one has ever been able to specifically define what a “fair share” is. What it means colloquially, of course, is that “if you make money, you pay more.” And that’s because the numbskulls in the Bank of England haven’t been held accountable for the sharp rise in UK inflation… [MR] Nearly 1 of every 3 British Pounds was printed in the last three years. But according to another Bank of England economist, the resulting inflation isn’t the bank’s fault. From the Obnoxious to the Incompetent [Ben Broadbent rejected criticism money created by central banks]( since the 2008 financial crisis and the pandemic caused the rise in prices. On the face of it, this is an asinine assertion. Like Milton “Uncle Miltie” Friedman said, “Inflation is everywhere and always a monetary phenomenon.” Broadbent went on to say supply-chain problems caused by the pandemic and the surge in energy prices after Russia’s invasion of Ukraine are clearer causes of inflation. Broadbent said: It’s always possible, at least with the benefit of hindsight, to construct an alternative path for monetary policy over the past that would have kept inflation on target, even in the face of these subsequent shocks. But that’s not the same thing as saying that the actual policy was ‘inevitably’ going to result in excessive inflation. I don’t mean to put words in Broadbent’s mouth, but he basically admitted the Bank got caught out. They didn’t render their policy safe enough not to be shocked into high inflation. Look at this chart… [MR] It’s been roughly double digits since July 2022. Does this central bank look like it knows what it’s doing? But whatever its level of incompetence, the people are supposed to “accept their lot” and “pay their fair share.” Piss off, mate. That’s what I say to these “economists.” The issue these economists don’t understand is that we’re not saying the increases in money supply caused inflation. It’s that an increase in money supply is inflation. Sure, besides the central bank screwing up, the government lent it a hand. Her Majesty’s Government stupidly shutdown the country during the plandemic causing some and adding to other supply chain problems. And its folly following America by uselessly sanctioning Russia added to the surge in energy prices, for which they are still dearly paying. But ultimately, increasing the money supply is inflating it. And inflating the money supply usually leads to increases in price levels. Boo! Hiss! These Economists Don’t Know Sh*t! Well, some [English peeps had this to say]( “It feels like people don’t live in the real world. They need to come and spend a day here and see what’s going on. How can people ‘accept’ the fact they can barely afford a loaf of bread? People are in real poverty.” “Unless they’ve seen that person walk through our door in floods of tears, embarrassed to be here, and it’s taken them up to an hour to calm down enough tell you what their situation is, they’ll never understand.” “In the last few weeks it has been absolute mayhem with the food parcels, the amount of people needing them. It’s been worse than normal. People are suffering, it’s hard out there. “It’s all right for people to say, ‘it’s OK, you can survive’, but unless you see and hear it yourself, you can’t understand what people are going through.” Bill Gates once said, “Be nice to nerds. Chances are you'll end up working for one.” Maybe… but some nerds really need a good ass-kicking. Let’s hope England regrows its pair forthwith. Have a lovely rest of your week! If this is the sort of thing you’d like to see more of, please let me know [here](mailto:feedback@dailyreckoning.com). Or if you have any suggestions for future topics, do let me know that as well. All the Best, [Sean Ring] Sean Ring Contributing Editor, Morning Reckoning feedback@dailyreckoning.com [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from Rude Awakening, feel free to [click here.]( Please note: the mailbox associated with this email address is not monitored, so do not reply to this message. We welcome comments or suggestions at feedback@rudeawakening.info. This address is for feedback only. For questions about your account or to speak with customer service, [contact us here]( or call (844)-731-0984. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. 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