 | Andy Snyder
Founder |
Money is medicine. Like morphine, if used properly, it can numb pain and pave the way for great healing. But, also like morphine, if it escapes its bounds, it can turn into a perverse street concoction that ruins lives and creates toothless addicts. It's all in the delivery. We had a visitor to our farm recently. Her story illustrates our point. [Larry Kudlow Drops Inflation Crisis Bombshell. Details Here.] She had money. She drove up in a fancy white convertible - just a few months old. She wore expensive, tailored clothes. And she acted with a sort of swagger that started young, born out of her daddy's money and reinforced by her dead husband's estate. As she strolled through Mrs. Manward's flower garden, she lost something. Gold. "Oh no," she said, "I've lost my bangles." She said she had five on when she arrived at the place. But now her freckled wrist showed none. How they slipped off, we don't know. "They were family heirlooms," she said as she sat down and asked her friend to walk the field and look for them. Judging by all we'd already seen, she didn't need to tell us they were hand-me-downs. We could already tell she wore old gold. "We'll keep an eye out for them," we said. "We'll call you if we find them." But she knew what we know... what we all know. We've got lots of visitors on the farm. The place is becoming quite the hot spot. And few folks these days have the will to resist a hit of free medicine. Those golden heirlooms are probably already in somebody's back pocket... old money turned new again. A Tough RecipeThat's the thing with an elixir as potent as free money. Dosage matters. Timing is vital. And side effects can be brutal. The Wall Street Journal published an opinion piece recently that opened the door to the idea. "Wealth comes only from productivity," writes Andy Kessler, banker turned writer. He went on to take a deserved swipe at the political scene. The folks in charge gave too much money, he said to a choir that's sung that tune for years now. "An economy has to produce first, then consume," he says. We can't just print fake money... and then consume. He's right. But we won't gripe about Washington's free-money bonanza. At least not today. You've heard that tune. You're witnessing the results as the market plunges and the economy convulses like a nauseous flu victim. We want to go deeper. SPONSORED | Warning: The Last Value Play Gone After May 12? In this market... There's only ONE STOCK (priced at just under $2) that could be $20 and STILL be a bargain. It brought in more income – including equity sales - in the last 12 months than Disney, Square or Tesla. But a key announcement on May 12 could send this stock rocketing skyward (and you could miss your chance... FOREVER). Get the Details Now (BEFORE May 12) | | |
In his piece, Kessler details the recipe for capitalism - the most potent medicine on the planet. Get it right... and things tend to work out. Get it wrong... and, well, addiction is hell. Write these steps down. Save. Invest. Produce. Profit. Consume. We must start by spending less than we make. We must save what we can. Invest it. Turn it into more. And remember, investing is different from saving. Anybody can bury their cash under an old oak tree. That's saving. But that stash will never turn into anything more. You will grow your money only by investing it in an asset that produces. Save some of your profits from productive assets and use the rest to consume. It's the only way to grow a healthy, sustainable economy... and the only way to build true, life-altering wealth - the kind that heals instead of injures. Too Much, Too SoonKessler describes all the steps missing in Washington's free-money bonanza. There's no saving. There's little investing. And there's not a whole lot of profit. It was a shot in the arm... a quick fix followed by a whole lot of pain. It's all consuming - no producing. The high didn't last long enough for the healing to take hold. Kessler, though, stopped short of saying that the idea holds true for the greater economy as well as for personal finance. The steps are the same. The recipe doesn't change just because we're feeding many instead of few. There are no shortcuts. Save. Invest. Produce. Profit... Then consume. The old lady lost her gold in our field. It was old money and didn't mean a whole lot to her. Hell, she wouldn't even look for it. She made her friend do it. She never saved to get it. She wasn't invested in it. Sadly, somebody else will likely find it, if they haven't already. If they're good folks, they'll hand it over. It's not theirs. But most likely, they'll hock it for something nice. They'll have some more... but they'll never get wealthy. Look around. The same issues are everywhere. Folks have been trying to skip a step for too long... and they're encouraged to do so from the very top. It's a bad idea. It's not how things work. Strong medicine is good. But only if the directions are followed. Save. Invest. Produce. Profit. Consume. Anything else, as so many are finding out, is poison. Be well, Andy Want more content like this? | | | |
Andy Snyder | FounderAndy Snyder is the founder of Manward Press, the nation's premier source of unfiltered, unorthodox views on money and what it means for a free society. An American author, investor and serial entrepreneur, Andy cut his teeth at an esteemed financial firm with nearly $100 billion in assets under management. He's been a keynote speaker and panelist at events all over the world, from four-star ballrooms to Capitol hearing rooms. | | |
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