Kamis, 29 September 2022

The Great Enrichment

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AN OXFORD CLUB PUBLICATION

Liberty Through Wealth

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EDITOR'S NOTE

For the last several months, Liberty Through Wealth's publisher, The Oxford Club, has taken on a special recession-proof project...

You see, the Club is tired of watching people lose their hard-earned savings every time the market dips (as it did again today).

So the Club's Research Director Kristin Orman set out to help Members withstand dramatic market shifts and weather coming recessions.

Kristin closely studied past bear markets to see if she could spot any useful trends...

She discovered a specific mix of parameters that would have allowed Members to avoid most of the carnage in past bear markets.

But the system doesn't just work well during bear markets. It works in ANY market climate.

Over the last 20 years, the stocks picked by this new system would've produced a stunning 4,048% return!

We were so excited about Kristin's discovery that we decided to use it to launch the first-ever collaborative portfolio in Oxford Club history.

We call it Oxford Centurion.

It will be run by the Centurion Advisory Board - headed by Chief Income Strategist Marc Lichtenfeld and its founder, Kristin.

Learn more about this ultimate recession-proof investing strategy here.

- Nicole Labra, Senior Managing Editor

THE SHORTEST WAY TO A RICH LIFE

The Great Enrichment

Joel Wade | Special Contributor | The Oxford Club

Joel Wade

We live in remarkable times, and our relationship to money is very different because of it. Appreciating this can open up possibilities for how you think, feel and act with your money.

We all see the world through the lens of the culture and the times in which we live. People living during the Renaissance didn't know they were living during the Renaissance.

It's often only in hindsight that we can see the pattern.

Today it's hard to fully appreciate the truly remarkable conditions in which we live. To us, it's just life. To our ancestors, it would be breathtaking.

Consider that for nearly all of mankind's existence, our ancestors lived on the equivalent of about $1 to $3 a day. Imagine paying for your home, your food, your clothing, your medical needs - everything - from a total of $1,095 for the entire year, or about $91 per month. For us that would be dire poverty, yet that's what our ancestors lived on - and, until recently, most of the population on Earth.

Something changed all that, beginning in the late 1600s in Holland, spreading through England in the 1700s and moving gradually - and then recently more quickly - throughout the rest of the world.

That $1 to $3 a day grew by a very conservative factor of 16. And more realistically, when you include the vast improvement in the quality of goods and services, it grew by a factor of 100 (how do you compare an iPhone or antibiotics with anything in existence a few hundred years ago?).

This was the beginning of the Industrial Revolution, followed soon after by what Deirdre McCloskey calls the "Great Enrichment" - which we are very much still enjoying.

See How Humanity Flourished

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Joel F. Wade, Ph.D., is the author of The Virtue of Happiness and Mastering Happiness, plus his new courses, Mastering Emotions, Moods and Reactions and A Master's Course in Happiness. He is also the host of The Mastering Happiness Podcast. He is a marriage and family therapist and life coach who works with people around the world via phone and video. You can get a FREE Learning Optimism e-course if you sign up at his website, www.drjoelwade.com.

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