'Tis the Season... of Financial Suicide

This holiday season, don't participate in financial self-sabotage.‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  [Profit Trends]( [Trend Investing](  'Tis the Season of Financial Suicide Matthew Carr | Chief Trends Strategist | The Oxford Club  [Matthew Carr] It's the holiday season. And like many of you, I've been getting cards, letters and emails from family and friends wishing me and mine their best. Though, recently, one of these bothered me. It was an email to a close-knit group of friends from one whom many of us hadn't seen in several months. The note itself was pleasant enough. There were the usual updates on kids and family. But one sentence in particular saddened me: "We're just trying to survive like so many of you..." My wife and I both had the same reaction to reading it. It was likely true. Even our closest friends - many of whom are doing quite well income-wise - are just trying to "survive." They're caught in this cycle of living paycheck to paycheck. It's a vicious circle so many people can't seem to break free from. And during the holidays - despite the mania of joyous spending - it seems like so much more of a burden. The problem is so many people struggle because of self-inflicted wounds. And the worst part is it's hard to convince them to stop. It's like there are these self-destruct sequences programmed into us that are nearly impossible to disarm. Growing up poor, I was told that money couldn't buy happiness. I don't know if it was a self-defense mechanism. I don't know if it was an actual realization. But it was always implied that the wealthy people living in those big houses on the nice side of town weren't really happy. That they were somehow immoral at their core. We've all heard that "Money is the root of all evil." This idea gets instilled in us, especially if we don't come from money, that if we somehow have more than we need, we are or will be corrupted. But what if I told you it's these perceptions that are the root of our financial struggles?  [The Time to Invest in 5G Is NOW]( [Happy Woman Holding Phone](AT&T has just become the first carrier to offer 5G coverage. Sprint's 5G network is live in Phoenix, New York City, Washington, D.C., and Los Angeles. T-Mobile has flipped the 5G switch in six cities... And Verizon has launched its 5G network in 13 cities. Nearly a decade in the making, 5G is finally here... And just ONE stock is your No. 1 chance to profit from the 5G revolution. [Details here...](  Studies, like those from financial psychologist Dr. Brad Klontz of Creighton University, show the more negative your attitude is toward wealth and the wealthy, the more likely you are to have a lower income. Basically, a hatred of the rich and money ends up making you poor. This is a practice called "money avoidance." Essentially, this is financial self-sabotage. It ranges from overspending to an unwillingness to educate yourself on money matters. It lures people into the trap of not planning for retirement or even developing an irrational fear of money. This is why 70% of lottery winners go bankrupt within five years. And why people who receive a large inheritance blow through it just as quickly. The concept of money - what it really means - is lost on them. I never developed a hatred or a love of money. What I did develop was an understanding of what money truly meant. At least to me. And that's freedom. Freedom to do whatever I want. Freedom to be as generous as I want. Freedom to not be stressed about money and the future. Freedom to walk off into the sunset whenever I feel like it. And a lot of it begins with our necessities. No matter your income level, no matter what "percent" you're a part of, we all must pay for necessities - homes, clothes, food and even our retirements. According to a survey by PricewaterhouseCoopers, more than half of employees are stressed out about their finances. Meanwhile, 42% of baby boomers have nothing saved for retirement. And of those who do, 38% have less than $100,000 squirreled away. It's a dangerous financial situation. And more and more older Americans are being forced to work later and later in life. Not because they want to. But because they have to. We're all going to need money. But our income-earning days will eventually come to an end. We can't fall into the traps of money avoidance - of just "surviving" another year. That's not living. We have to face our fears and misunderstandings about money and wealth... And we have to recognize if we're guilty of self-sabotage. If we are, it's never too late to change. Here's to high returns, Matthew P.S. Don't be embarrassed to admit you need to make some changes. I've been where you are. I started out with nothing... and made myself a millionaire over time. And I'd like to show you how you can do the same. We're in this together. [Learn more here.](   [Leave a Comment](  [Facebook]( [Twitter]( [Share](mailto:?subject=A%20great%20piece%20from%20Profit%20Trends...&body=From%20Profit%20Trends:%0D%0A%0D%0AThis%20holiday%20season,%20don't%20participate%20in%20financial%20self-sabotage.%0D%0A%0D ?src=shared) You are receiving this email because you subscribed to Profit Trends. To unsubscribe from Profit Trends, [click here]( ). 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. To cancel by mail or for any other subscription issues, write us at: Profit Trends | Attn: Member Services | 105 West Monument Street | Baltimore, MD 21201 North America: [1.800.589.3430]( | International: [+1.443.353.4334]( | Fax: [1.410.329.1923]( Website: [profittrends.com]( Keep the emails you value from falling into your spam folder. [Whitelist Profit Trends](. © 2019 The Oxford Club LLC All Rights Reserved  [Oxford Club] 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. Â