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    Protecting & Growing Your Money

    How to prudently position for the coming crisis
    by Adam Taggart

    Saturday, August 17, 2019, 8:43 PM

There’s no doubt that money is important. There’s good reason why most of us devote a huge percentage of our lives to pursuing it.

But there’s much about money that is misunderstood.

Our Money Is Under Attack

Many among the masses don’t realize the intense and coordinated efforts currently being waged by central planners to trap and devalue our savings through financial repression. They’re being fleeced without being aware of it — working harder and harder for less and less.

Today’s dangerous cocktail of unnaturally low interest rates, $trillions in thin-air money printing, and sky-high asset price bubbles is putting our capital at great risk. Savers are starved of return, investors will likely get wiped out when the overstretched financial markets inevitably crash, and the purchasing power of our money loses value with each new $trillion printed.

How should you protect yourself against that?

The answer lies in developing an understanding of the forces working against you, and to then take prudent action to counter them. In the coming years, intelligent positioning and asset allocation will mean the difference between financial prosperity and ruin. But to benefit, you have to act before the next crisis hits.

But Remember, Money Doesn’t = Happiness

Another misunderstanding people have about money is its relationship to true wealth.

Many overvalue the impact money has on our happiness. They make all sorts of sacrifices in pursuit of money, but remain poor in the things that truly matter.

In our book Prosper!: How to Prepare for the Future and Create a World Worth Inheriting, we examine closely what true wealth is. Yes, money absolutely plays a critical part in it; but it is only one of several pillars — one of 8 Forms of Capital — that we identify as required for a rich life. Good health, purposeful work, meaningful relationships, a resilient lifestyle, self-worth, a supportive community — all of these ingredients are as important as money for overall happiness.

We wrote Prosper! as a resource that those already “awake” to these insights can use to share with family and friends who aren’t yet aware of them.

And since money is a universal attention-grabber as a topic, we’re making our chapter on Financial Capital available here for free — as a means of engaging someone you care about in the discussion. We think it’s one of the best digests of what happening right now with our money system:

 

 

Prosper! is available in printe-book and audio book form today.

cheers,

Adam & Chris

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15 Comments

  • Thu, Nov 19, 2015 - 4:25pm

    #1

    rheba

    Status Member (Offline)

    Joined: Apr 22 2009

    Posts: 46

    Looking forward to Audible

    When do you think I can get it on Audible? I have a credit waiting for it!

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  • Thu, Nov 19, 2015 - 4:32pm

    #2

    Adam Taggart

    Status Platinum Member (Offline)

    Joined: May 25 2009

    Posts: 2618

    Hoping by tomorrow or Monday

    Rheba –

    Just talked with the publisher. While we had hoped it would already be available, they are expediting things with Audible and are hoping to have Prosper! live for downloading by tomorrow or Monday.

    The moment it's available, I'll be letting everyone here on the site know.

    Thanks!

    A

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  • Thu, Nov 19, 2015 - 7:25pm

    #3

    pyranablade

    Status Member (Offline)

    Joined: Nov 08 2010

    Posts: 211

    3+

    Farmland

    When Chris' post about the bees dying came out I started to feel like I was not doing enough to help save the environment.

    I've answered that feeling by deciding to purchase 20 acres of farmland (what I can afford right now). I'm partnering with a sustainable farmer who is already successful. He told me that there are a lot of young people that want to get into sustainable growing as an occupation, but, of course, being young in this economy means they cannot afford to buy land. So this is a win-win situation for middle-aged people like me who already have a full-time job, but want to somehow facilitate sustainability and jobs for younger people.

    It is, like the Prosper chapter on Money says, a lot easier to click a mouse and buy stocks and ETFs, but Wall Street is a casino (and a den of thieves too if you ask me). My investment in farmland will make money for me and make the world a better place at the same time. You don't get that with stocks or hedge funds.    

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  • Thu, Nov 19, 2015 - 7:44pm

    Reply to #3

    Adam Taggart

    Status Platinum Member (Offline)

    Joined: May 25 2009

    Posts: 2618

    2+

    That Noise You Hear

    pyranablade –

    That noise you hear is Chris & I standing on our chairs applauding you

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  • Thu, Nov 19, 2015 - 8:00pm

    Reply to #3

    Wildlife Tracker

    Status Silver Member (Offline)

    Joined: Jan 14 2012

    Posts: 405

    1+

    Prosperity blog

    Pyranablade,

    You should keep us updated on the progress of the farm. I'm going to start clearing land up in Maine in March. 10 acres for gardening, and 10 acres of sphagnum moss, fir, cedar, and other medicinal plants/products.

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  • Thu, Nov 19, 2015 - 9:27pm

    #4

    pyranablade

    Status Member (Offline)

    Joined: Nov 08 2010

    Posts: 211

    re:

    Thanks Adam and WT.

    It was also, of course, the posts about Singing Frogs Farm that sent me down the path I'm on. Things are in the really early stages, but when appropriate I will post updates.

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  • Fri, Nov 20, 2015 - 1:34pm

    #5

    Waterdog14

    Status Member (Offline)

    Joined: Jan 18 2014

    Posts: 128

    Where are we in "Ka-Poom"?

    Chapter 6 describes the deflationary-inflationary (Ka-Poom) theory.  The initial "Ka" phase is a deflationary crunch which includes debt defaults, portfolio losses,  and corporate layoffs.  The second "Poom!" phase a hyperinflationary event.  The books says "we have yet to enter the Ka-Poom! phase."

    Although the bubbles have not popped yet, it sure seems like we are witnessing deflation and layoffs.  At least in the mining & extractive industries.  Commodity deflation is significant, mines are closing, oil & gas workers are being laid off, Caterpillar's sales are down for almost 3 straight years, trucking/shipping companies are idling portions of their fleets…

    It feels like the "Ka" phase to me.  So, what are the main criteria for identifying whether/when we actually reach it?  If it happens precipitously, are we just looking for a stock market bust?  If it happens gradually, it seems to be here already.  Thoughts? 

    P.S.  Thanks for the preview of Chapter 6.  It was excellent, as expected.  I'd already ordered several hard copies and will not be disappointed, based on the preview.   Thanks!    

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  • Fri, Nov 20, 2015 - 7:45pm

    #6
    californiawoman

    californiawoman

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    Joined: Sep 25 2010

    Posts: 10

    gems

    I'm tempted to read the book quickly because I want to know this stuff right away, but I am going to take my time.  There are gems that I don't want to miss.  Great book !

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  • Sat, Nov 21, 2015 - 2:10am

    Reply to #3
    GiraffeOK

    GiraffeOK

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    Sustainable farmer

    pyranablade – how did you find a young farmer interested in farming your land? How do you get someone interested in putting effort into *your* land?

    I have 40 acres and a 2-bedroom house (currently rented). I would love to find a long-term sustainable farmer for the property. 

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  • Sun, Nov 22, 2015 - 12:20am

    #7

    pyranablade

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    Posts: 211

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    Giraffe

    I'm not at that point yet.

    In the area I'm buying land a parcel of less than 40 acres rarely hits the market. I cannot afford that much land… but the fella I'm partnering with is planning to add to his farm with a rather large purchase in which he'll somehow break off the 20 acres that I can afford.

    I do have 1 piece of advice for you though: A vacant house makes the farming deal much more attractive. The sooner you can get rid of your current renters, the more appealing your land will be to people who can live and work on the same land. 

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  • Tue, Aug 27, 2019 - 7:51pm

    Reply to #7
    last two

    last two

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    good for you pyranablade

    We are also working on turning our land into a forest garden. And 40 years ago we bought a farm and enjoyed that lifestyle for many years. our younger neighbors are making a living on less than 20 acres growing organic produce and specialty items such as Tumeric and Ginger they seem to be doing well. they have large homemade hoop green houses . Spices are also generally a good cash crop.

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  • Wed, Aug 28, 2019 - 9:12am

    #8
    Thetallestmanonearth

    Thetallestmanonearth

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    pyranablade

    You’ve re-inspired me.  We bought 15 acres an hour outside of Seattle from family about two years ago.  I started building a commercial aquaponics greenhouse when we got here to raise trout and leafy greens in a closed loop system.  Both structures are up and I’ve made about 70% of the required investment.  We had a second baby last September and life got insanely busy.  Things changed with work too which has shifted my focus away from farming for the next few years at least.  But every morning I see 5,100 feet of beautiful unused greenhouse staring me down on the other side of my barn.  Maybe it’s time to start looking for a partner in this project.  It may be hard to find someone willing to invest the additional 30% that is required to finish the intended project, but it wouldn’t take much capital at all to grow potted tomatoes until the funds are available to finish what I started.  The way I see it, any market share I can take away from big Ag is a win for the environment and my community.

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  • Wed, Aug 28, 2019 - 11:19am

    #9

    pyranablade

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    An Update

    Somehow this thread of 2015 posts has resurfaced – perhaps intentionally so.

    To make a long story short (4 years later), I’m still planting and harvesting on my ~1/4 acre urban plot. Am I still trying to find a way to move to a larger piece of land? You bet!

    I think about it every day.

    My 2016 attempt to raise Muscovy Ducks in town didn’t work out. In 2018, I found that raising quail was doable, but the eggs are so small and the meat on each bird so small, that I’ll have to build more quail housing if I want to do it right. Instead, I’m still hoping to make my move to the country.

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  • Thu, Aug 29, 2019 - 7:38am

    #10
    Penguin Will

    Penguin Will

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    A big hat tip from me as well pyranablade. And to all the others on the thread who are doing similar things. Great work!

    I wish all of you strength and good luck.

    Will

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  • Mon, Sep 02, 2019 - 1:30pm

    Reply to #9

    Pipyman

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    Posts: 65

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    Me too!

    Yum

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