The War of Self-Reliance
We are on our own.
The biggest trend I see over the last 70 years is the complete abandonment of self-reliance.
If you run the clock back to your father or grandfather’s time, most people did most things themselves. I’m talking about oil changes, taxes, preserving food, etc.
Today, the US is a nation of people desperate for the government or someone else to fix their problems.
I was truly shocked to see even hardened conservatives and others who claim to believe in conservative principles happily accepting when the government told them they couldn’t go to church, or visit family or friends, that they had to wear a mask, and more.
Even more astonishing was to see so many talking heads and pundits who claim to be “anti-debt” or “fiscal conservatives” applauding the Federal Reserve’s decision to bail out companies that had spent all of their cash on buybacks or other things designed to boost executive compensation.
And everyone was fine with this as long as Uncle Sam wrote them a check for $1,200!?!?
If you’re going to sell out your principles and beliefs wouldn’t you at least ask for a LARGE amount of money, say $1 million!?!?
For this reason, I am stating the obvious. We are on our own today.
Stop Sitting Still… And Start Looking
If you want to get ahead in the US… improve your lot in life… make a better future for your children and grandchildren… it’s 100% on your shoulders to do it. No one is going to help make it happen.
No one in history got wealthy from stimulus checks or welfare.
No one in history got healthy from eating junk food.
No one in history got successful from sitting on their rear ends.
Again, we are on our own.
On the one hand, this is frightening. There are no real safety nets. There are no easy breaks. There are no free lunches.
But on the other hand, this is EXTREMELY empowering.
I don’t know about you, but I like certainty. And I like challenging myself. So when I know that I’m on my own in terms of making my dreams come true, I get excited.
This is true for everything in life… whether it’s fitness, health, or wealth.
Every day is a new beginning. It’s never too late to make a change. And once you realize that there are opportunities EVERYWHERE, you stop sitting still and you start looking.
As one of my mentors once told me: “Graham, there are incredible trades every single week. If you miss one, forget it and start looking for the next.”
I try to trade that way. And I try to live that way as well.
I urge you to do the same.
We’re on our own. And that is a GREAT thing.
Editor, Money & Crisis