Buy USA: A Lesson from My Hometown Billionaire

[Intelligent Income Daily]( Welcome to Intelligent Income Daily, the free daily newsletter from wealth and income expert Brad Thomas. Brad’s experience spans three decades of real estate and stock market booms and busts. Today, he and his team focus exclusively on the safest and most predictable ways to earn sustainable and growing income in any market condition. You can find all past issues [here](. And if you have any questions, please contact Brad and his team [here](mailto:memberservices@widemoatresearch.com). Buy USA: A Lesson from My Hometown Billionaire By Brad Thomas, Editor, Intelligent Income Daily America has long been called the land of opportunity. And with good reason, considering all the innovation and wealth it’s fostered over the centuries. Even in our nation’s colonial days, people came here to seek their fortunes. Some of them failed. (There are no guarantees, after all.) But many succeeded – some enormously – which paved the way for others. We know some of their names: Benjamin Franklin with his bifocals and other innovations. Isaac Singer with his fast, affordable sewing machine. Robert Fulton with his commercially successful steamship. Alexander Graham Bell with his telephone. Henry Ford with his mass-produced automobile. The list goes on. Yet it’s important to recognize that our current comfortable existence came about because of so many unrecognized names as well. Today, I want to talk about one of them: Roger Milliken. Recommended Link [Market Wizard Larry Benedict Warns: “Brace yourself – it’s about to get even more crazy.”]( [image]( As banks collapse… stocks whipsaw… and foreign nations dump dollars... Larry Benedict believes a catalyst that’s just weeks away could trigger a new tailspin. For a limited time, he’s sharing the details in the Currencies in Crisis Summit – including how this “chaos window” is setting up a once-in-a-lifetime opportunity. [Watch it here.]( -- My First “Billion-Dollar” Meeting Milliken was a reclusive billionaire when I knew him back in my hometown of Spartanburg, South Carolina. Despite his fortune, he lived in a middle-class neighborhood and drove a 10-year-old Cadillac with a vanity plate that read “BUY USA.” I only knew who he was because my father-in-law worked for his firm for four decades. And even then, all my father-in-law would say was that the guy was a shrewd businessman who made a fortune selling intellectual property. As it turned out, I bought my first house just two blocks away from this Milliken. I would purposely walk by his house and try to glance sideways inside – wanting to know how to tap into his secret success story. When being a neighborhood busybody didn’t work (shockingly enough), I decided to write a letter to him instead, asking if he would discuss a real estate project I was working on. I didn’t actually expect a reply. So imagine my surprise when he not only wrote back… He was willing to meet! That’s how I learned that Roger Milliken was born in Maine in 1915… graduated from Yale in 1937… and went right to work in the family textile business. When his father passed away 10 years later, he took over the business at the relatively young age of 32. It must have been intimidating, but Milliken took that business and ran with it. After Milliken married, he moved operations to Spartanburg, creating the world’s largest private textile company. Milliken & Company went on to: - Originate over 2,300 patents - Produce 19,000+ textile and chemical products used in everyday items like tennis balls and Jell-O pudding - Span across 47 international locations And yet, global businessman or not, he still had that BUY USA license plate. As it turned out, Roger Milliken was a huge advocate of American manufacturing. He even spearheaded 1984's "Crafted with Pride in the U.S.A." advertising campaign and lobbied Washington for fair-trade policies. Believe it or not, Milliken was adamant that “BUY USA” was the secret to his success. Made in the U.S.A. Milliken died at 95, having only retired just five years earlier. As far as I could tell, the man lived out his beliefs till the very end. And he succeeded enormously in those patriotic efforts, as proven by his personal and company's achievements. His steadfast success certainly influenced my career. As he wrote in his will: “I believe quality people, quality products, quality management, quality tools, quality service, quality research, and the careful husbandry of capital can produce comparable benefits to stockholders over the long-term future.” I’ve never forgotten those words. Milliken’s principles have guided me many times, helping me build Wide Moat Research into one of the most quality-focused research firms made in the U.S.A. So on this celebration of the founding of our country, remember what makes America so great: That drive to build a better future for ourselves and pave the way for future generations. I couldn’t be prouder of the country I live in and the innovators – and wealth-building opportunities – it’s produced. That’s something always worth celebrating. And I hope you also have a wonderful July 4th celebration with your families. Happy SWAN (sleep well at night) investing, Brad Thomas Editor, Intelligent Income Daily IN CASE YOU MISSED IT… [Reverse ‘money machines’ popping up across America]( If you’ve been to a concert venue, stadium, or airport, you’ve almost certainly walked by one without knowing. Machines like the ones in the picture below are popping up all across America. The experts are calling it a ‘Reverse ATM’. They’ve been installed at places like Citizen’s Bank Ballpark in Philadelphia… They’ve even been used at the Super Bowl. Why are these machines suddenly appearing out of nowhere? And what does it mean for your money? We’ve recently arranged an interview with former Goldman Sachs managing director, Dr. Nomi Prins, to get her take. There’s nobody in America who’s more aware of the inner workings of the banking system. In the interview, [Dr. Prins explained these strange ‘reverse ATMs.’]( And she said she expects them to play a key role this Summer as our nation’s financial system is overhauled for the first time since 1971. According to her research, many Americans will be blindsided by what’s to come. BUT, folks who understand the ‘Reverse ATM’ phenomenon before it becomes obvious to the average American could actually profit in the weeks ahead. To help folks prepare, she’s recorded a briefing that explains exactly what she sees coming, how it will play out, and how much time you have to prepare. [Click here now to see Dr. Prins’ free presentation.]( [image]( [Wide Moat Research]( Wide Moat Research 55 NE 5th Avenue, Delray Beach, FL 33483 [www.widemoatresearch.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Wide Moat Research welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-888-415-6046, Mon–Fri, 9am–5pm ET, or email us [here](mailto:feedback@widemoatresearch.com). © 2023 Wide Moat Research. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Wide Moat Research. [Privacy Policy]( | [Terms of Use](