How Young People Can Get Ahead

Perhaps the American Dream isn't as far out of reach as you thought... [Shield] AN OXFORD CLUB PUBLICATION Loyal reader since June 2020 [Liberty Through Wealth]( [View in browser]( SPONSORED [Join Us to Discover "The Perfect Election Strategy"]( [MAL Elect]( Wondering how the election could impact your investments? You aren't alone. [Join Alexander Green on October 29 to discover "the perfect election strategy."]( It's helped Alex outperform the market by as much as 578%... in the years following every election since 2004! [Reserve your FREE spot here.]( EDITOR'S NOTE If you were to design the perfect investment, what would it look like? How about something that can deliver big returns... with a high degree of safety... and decades of consistency? [That's why you need to see this.]( Alexander Green calls it, "the perfect election strategy," because it's proven to be a remarkably potent investment technique following elections. He has personally used it to outperform the market by up to 578% - following every election since 2004. And it's helped him deliver wins to his subscribers like 643%... 743%... and even 859%... all held for under three months. [If you'd like to hear more about it, join us for an emergency "election investing" webinar.]( It's happening on Tuesday, October 29, at 2 p.m. ET. [RSVP Here.]( - Nicole Labra, Senior Managing Editor THE SHORTEST WAY TO A RICH LIFE [The "Success Sequence" Young People Need to Get Ahead]( [Alexander Green, Chief Investment Strategist, The Oxford Club]( [Alexander Green]( Everything I write is designed to help readers achieve their version of the American Dream. Yet, according to recent polls, half to three-quarters of Americans don't believe it even exists anymore. Over the past few weeks, I've pointed out several reasons for this. One is that we've recently experienced the highest inflation in 40 years. Many Americans - especially those in the lowest income quintiles - found it increasingly difficult to afford necessities like food, housing, utilities, gasoline, and healthcare. If you're finding it tougher to pay the bills even temporarily, it's hard to imagine that you're getting ahead. Others blame economic inequality - the fact that so much of this nation's wealth is concentrated in the hands of so few. This belief is especially prominent among those who feel we live in a zero-sum world, where the only way one person has more is if another person has less. In some ways, this way of thinking is understandable. A chess match, a football game, or a political election all have a clear winner and a clear loser. But, as I explained in a recent column, that's now how the economy works. U.S. gross domestic product, median household income, and median household net worth rise dramatically over time, without anyone necessarily having less. Another reason those polled are skeptical about "The Dream" is the way it is sometimes defined. For example, my definition of the dream is that anyone in this country - regardless of their race, religion, gender, or the economic class they were born into - has an opportunity to rise as far as their talents and determination will take them. SPONSORED [Nvidia's Secret Partner... This Is The New AI Chip Powerhouse]( [Chatbot conversation]( I bet you've never heard of it... but this newly public company is set to become key to Nvidia's seat on the AI throne. And for now... you can get in while it's still cheap. [Details Here!]( Yet a recent poll by the Pew Research Center defined the American Dream as "if you work hard, you'll get ahead." I'm not sure I'd agree with that statement myself. Yes, hard work is generally required to achieve the dream. But that's just the beginning. A higher standard of living requires money. But expenses generally rise to meet the income available. Hard work and income alone are not enough for most to realize the material aspects of the dream. It also requires financial security. Wealth, in other words. That requires saving, which means living within your means, something tens of millions of Americans either can't or won't do. Of course, even for those disciplined enough to live on less than they earn, the return on risk-free savings is low. Your money will barely keep up with inflation and sometimes - depending on the level of interest rates - it might not even do that. Your savings need to be invested, which requires two things: intelligent risk-taking and patience. Yet surveys show that many Americans are financially illiterate. They don't understand risk and reward, stocks vs. bonds, or the incredible power of money compounding. Moreover, they want to get rich yesterday. That sends them out on a frantic snipe hunt for Powerball tickets or the hottest crypto of the meme stock DuJour. Yet those bets don't generally pay off. Investing in high-quality companies with superb management, rising sales and earnings, and defensible profit margins generally does. And while patience is required, time is your ally. I should also emphasize that the American Dream is an aspiration not an entitlement. Unless you were born with the proverbial spoon in your mouth, no one is going to hand it to you. (This is a realization that may be lost on the "everyone gets a trophy" generation.) Many young Americans are not even aware of what social scientists call "The Success Sequence." This greatly reduces the likelihood of falling into poverty. The sequence consists of three milestones: - Finish high school. Getting a high school diploma increases your job opportunities and earnings potential, which is essential for financial stability. - Work a full-time job. Securing full-time employment, even at an entry-level position, provides both a steady income and the work experience necessary to move up. - Wait until marriage to have kids. It's hard - if not impossible - to work a full-time job and raise an infant, unless you have a committed partner. A stable family structure is a great benefit. (On the other hand, if you're not marriage-minded and can receive or afford all the help you need, that's different.) Studies show that those who follow the success sequence have a significantly lower risk of poverty. And it's pretty simple: Stay in school. Get a job. Wait to have children. According to a Brookings Institute report, 97% of adults who follow these three steps avoid poverty and eventually enter the middle class. Conversely, skipping or reversing these steps increases the likelihood of economic hardship. Of course, these are just the first steps. In my next column, I'll describe what other actions you can take today to live your version of the American Dream. Good investing, Alex [Leave a Comment]( [OXF Seven]( BUILD AND PROTECT YOUR WEALTH - [Some people go 5, 10, even 15 years without seeing a gain this big... HE just did it in 72 hours]( - [How Politics Can Impact Your Portfolio]( - [Alexander Green Reveals the ONE AI Stock He's Invested $100K Right Now. 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