As I record this, the news headlines are about failing banks and managing inflation. Generally those that feed us with the information about what is happening in the world are negligent at telling the true story about risks & rewards. In this episode I want to bring some sanity to the discussion and challenge much of the fear mongering with a reality check – there is no progress without risk.
Anything that impedes the free trade between neighbors is a bad thing for both parties. Even the open demonstration of a lack of trust with a neighbor breeds an often inhospitable relationship and let's face it... You can't just move a country because you have an issue with a neighbor.
The real state of affairs for the USA is dire. The TV news or your politicians won't tell you that, because it is business & political suicide. But the real economic data matters for your daily life and it is the reason you are and will continue to be constrained.
In previous articles, I have stated that the concept of FI (Financial Independence) is flawed. Although the pursuit of it is admirable, the fact is that few FI followers have been able to do this through bear markets. Consequently putting yourself on that path has some dangers. I prefer to concept of "financial sustainability" and this article gives you tangible steps to take to achieve that.