It Ain't Your Father's Oldsmobile!
[The context for this is a discussion on options trade management.
If you want to join our WellthMasterMIND:
You see, what we are helping you understand is that trade
management of options in the
System is no different than picking up an important phone call, or
handling a coaching call. You schedule it in your calendar, take
care of your business and allow the asynchronous system to do your
bidding for you.
Over time, the financial economy becomes an income provider...just
like a regular client.
My goal in my trading "client" system is to produce 33% of my
income from the financial "client." This allows me the time and
freedom to give my "regular" clients more of my attention and to
accept fewer "marginal" clients because of needing to maintain the
Over time, satisfaction improves which has a direct relationship
to my productivity.
There is a second reason to begin demanding more from your
"financial client" and that is the unpredictability of the events
The biggest thing that people have a difficult time understanding
is that the past does NOT equal the future in "non-linear" times.
Those times are now commonplace. The rate of change is doubling
every 10 years. This is exponential growth in the rate of change.
The past does NOT equal the future.
As the world globalizes, more and more (information) service
jobs--just like the agricultural and industrial jobs before--will
migrate to lower cost environments. THIS IS THE NATURE OF
BUSINESS. It is the nature of the economy. Adam Smith stated this
in the 1700s and his specialization of jobs--each person
specializes in a job that is good for them, allowing others to
assume jobs that are good for others is happening and will
continue to happen.
Business reality seeks the lowest cost provider!
Remember, YOU HAVE A HAND IN THAT DECISION.
Most of us are consistently looking for bargains. Most of us
invest our portfolios in stocks we think will go up. Therefore the
pressure on business to perform is higher now than it has ever
This morning I read two stories, one about the pensioners in
Britain and how many of them are living in poverty and a major
concern in Britain is having sufficient funds to maintain a decent
standard of living as people get older.
Another story about India, where software engineers are learning
to deal with western culture because more and more jobs are coming
to India. India is experiencing 60% growth annually in jobs even
while the western world is losing job growth.
Two stories...the worst of times, the best of times...welcome home
Over time, there are going to be several things required of
1. Retraining for jobs not yet created in the information &
2. Letting go of the past, it ain't coming back, anymore than your
father's oldsmobile. (Oldsmobile, one of the oldest brands has
been discontinued by GM.)
3. Learning to be more adaptable to change, which means learning
how to derive income from more than one source. Not just putting
money away for retirement, that must be done as well, but learning
to harvest seeds planted in the real, financial, connected and
molecular economies--diversification of income streams.
Being dependent on only "1" income stream is likely to cause
serious disruptions in your standard of living.
4. Removing your dependence on government pensions, programs and
Let me tell you a brief story.
This is personal and therefore is close to home for me. My wife is
from Colombia, South America. Colombia as you know has been in
strife for a number of years, as warring factions have literally
ripped apart what is a very rich country in terms of natural
resources, climate and its great people.
My wife's mother recently retired from public service of more than
30 years. Her pension is the equivalent of about $25 US per month.
Since my wife and I were married, the Colombian peso has lost 1/2
it's value and I suspect over the course of my mother-in-law's
working lifetime MOST of its value.
30 years of effort, saving, doing what's right has resulted in a
pension that is barely able to provide food, nonetheless, shelter,
medicine, or anything that a retired person would need to maintain
a "decent" standard of living.
This is happening all over the world--quietly--below the radar.
Yet, people in America think it can't happen to them.
It will be sad when it does. At this time, there is nothing to
prevent it from happening. It is no longer a wild card. It is an
If you take a look at how all of the wealth in the world is
stacked, you begin to see that a very few control most of the
wealth and along with it the mechanisms of weath.
Short of asking for revolution, most professionals are in grave
danger of losing their ability to support their golden years in
the manner that the current generation enjoys.
Entitlements can be EASILY inflated away. NOW, as the Fed Reserve
protects us from the damning deflation raking through Japan for
the past 10 years, the money supply grows quietly at alarming
I am NO economist, but as a business person I do understand
business dynamics. And the dynamics of business to support the
entitlements that are promised in the form of social security,
medicare, pensions and the like can't be supported without severly
taxing our children. Our children themselves have a distinct
challenge in front of them that will not allow high taxation and
(hopefully) will be better equipped to deal with globalization
than the baby boomers patiently laboring for retirement.
I won't talk about the issues that I know are occurring. I'm not
here to convince you, I'm hear to warn you to take action now.
If you want to learn
how to stay on the right side of the fence, join our newsletter
below and stay tuned for my upcoming presentation on Apocalypse
The Team @ Wellth
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