This time we have giant unfunded liabilities coming due and we’ll need to print a tremendous number of new currency units to fund it all.

On top of that being a major concern, the ability of central banks to stimulate the economy, ESPECIALLY in Japan and in Europe, has been virtually exhausted.

If their central banks, the BOJ and the ECB, continue to monetize, all you will achieve is more of the same: higher asset prices, a larger wealth gap, social division, political instability and sluggish growth.

We’re in a situation that isn’t life-threatening or dramatic as 2008 was, but, in a perverse way, being stuck in a world where the policies of decision-makers have the effect of SHRINKING the opportunities that individuals have to advance with, is also disastrous for the majority.

Not going through a recession is great, but living well below one’s potential for 10-20 years sounds WORSE to me, personally.

In the short-term, traders love the fact that a trade deal is probably going to get done before the end of the year and, most likely, we’ll hear much less about it in 2020, so we could see the indices go up by another 2%-3%, ending a SUPERB year.

No major asset class is down in 2019 – a stark contrast to 2018.

That’s the reason I stress that the most important principle of investing is to keep at it.

10 principles checked, with 6 more to go; these habits changed my life and I do believe that ANYONE who is willing to sacrifice his identity (that is, his false, ineffective notions of himself) and exchange them with productive ones will enjoy dramatic success. This transformation takes between 1.5 – 7 years, depending on how PASSIONATE and FLEXIBLE one is.

11. Narrowed Focus, Sacrificing All Else: Wealth creation demands unbelievable control over your attention. If you don’t want to make a fortune or advance and are willing to FOCUS in such a manner that everything else (outside of your goals) seems meaningless, you’ll always feel like the effort you’re putting forth is worth it.

Only if you know exactly what you want does this principle become valuable to you!

Each of us is born with ONE conscious mind to think with, so controlling what it focuses on is of such vital importance that it isn’t worth doing anything else until you have this mastered. There are countless distractions, so you must will to ignore them with all of your power of choice.

This doesn’t mean that you must be obsessed with money, but it does mean that you shouldn’t be spending even one precious second drifting away.

I have personal, financial, business, social, marriage, parental, and spiritual goals, and they occupy my mind, 24/7.

If you’re doing anything pointless throughout the day, choose to QUIT it and make up your mind, then and there, to allocate time elsewhere.

12. Be A Team Player: There are very few, if any, lone wolf millionaires and certainly NO lone wolf billionaires.

Know that!

In your own household, inspire teamwork by first being that way yourself. In your workplace, in your community: with everything you do, be a team player.

We’re taught to be competitors, but that is not the most productive state of being. Your only competitor, truly, is yourself. If you’re doing your best, you’ve won. Any great achievement is accomplished by leveraging the skills of others, so while doing the best you can will get you from point A to point B, being able to inspire an entire team to do their best, towards a common goal, will get you ANYTHING you want.

Elevate others; complement and lift them to great heights.

We need to unify – as entrepreneurs, as citizens of nations, as the human race and work as a team; anything else, selfishly speaking, is less effective.

Teamwork is the only way to live.

This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.

Please read our full disclaimer at WealthResearchGroup.com/disclaimer