Don’t Trade Your Hours for Dollars ... Do This and Get Set for Life

Holiday investment 2 of 5: Adam picked this solar stock back in July, and it should soar even higher under the Biden Administration. Two new articles: Even the hardest, smartest workers find themselves trading hours for dollars. How to avoid it — and set yourself up for a lucrative new year. Plus, Chart of the Day: Used cars show a struggling economy. [Turn Your Images On] [Don’t Trade Your Hours for Dollars … Do This and Get Set for Life]( [Turn Your Images On] [Adam O’Dell, CMT, Chief Investment Strategist]( I’ve always known what hard work looks like. I started working at age 15 at a sporting goods store in my hometown of Huntington, West Virginia. I earned minimum wage. And since it was my first above-the-table pay, I learned about Uncle Sam’s cut off the top. Even before that, I hustled for under-the-table cash mowing lawns for a dozen or so neighbors. My dad lent me the use of his mower and trimmer but made me pay for the gas I used. I can’t even count how many hours I spent toiling away at those jobs in my adolescent years. Thousands, I’d say. And that was on top of doing enough homework to earn straight A’s and a spot at the top of my class. I think back to those years fondly. I enjoyed working hard. Still do. And now that I’m a father, I think more critically about how all that hard work paved the way for my successes as an investor. I’m asking myself questions like: “How can I make sure my son Leo develops the same work ethic that runs through generations of my family, even though he’ll have it ‘easier’ than I did … which was easier than my dad had it … and so on up our lineage?” And … “Should I urge him toward a particular career, or let him choose freely?” And … “How soon should I teach him about investing?” You see, my parents both went to college, and my dad graduated from law school. But they were the first in their families to go so far. One of my grandmothers was a flight attendant, and the other worked for a telephone company. Both of my grandfathers worked factory jobs, running the same heavy machinery for 50 years or so! They were all “clock-punchers,” essentially. They might have earned a bit more than minimum wage eventually. But they were by no means able to make a fortune at those jobs. And I think seeing that is what motivated my own parents to go to school and work hard, to give themselves — and my brothers and me — the “better life” they’d yearned for growing up. Indeed, my parents have done well for themselves. Their financial advisers consider them “financially stable,” even “high net worth.” But at times, it dawns on me that, even though he’s able to command a high hourly rate for his services as an attorney, my dad is still “trading time for dollars” — much like my grandparents did. [Click here to see what I mean — and find out how you can stop trading time for dollars in the new year.]( Suggested Stories: [My New Year's Resolution: You're the Inspiration]( --------------------------------------------------------------- [The Best Tech Stock to Buy for Under $10]( With record-high valuations, it’s hard to find a good bargain these days. But one tech company is the exception. Its shares trade for under $10, and it’s positioned to become a dominant player in the 5G space. That’s why the time to get in is now. Before it becomes a household name [Details here.]( --------------------------------------------------------------- Chart of the Day [Turn Your Images On] [Michael Carr, CMT]( [Used Cars Show Economy Will Struggle to Recover]( As the economy continues to suffer from the pandemic, many consumers are struggling. This is known as a K-shaped recovery. A K-shape was already present in the economy as many with working-class jobs struggled to pay bills while other consumers maintained secure lifestyles. The difference between upward and downward slopes in economic security widened as shutdowns affected working-class jobs. Affordable used cars have long been a tool for changing the economic security of a working-class family. Used cars are needed to get to work in many parts of the country. After the pandemic, affordable used cars could be increasingly difficult to find. One of the most important economic indicators to follow might be the Manheim Used Vehicle Value Index. [Click here to find out what the index, pictured below, tells us about the U.S. economy.]( --------------------------------------------------------------- FROM OUR PARTNERS [Networks Are Trying to BAN Bill O'Reilly's Money Message]( One network actually told us that it will NOT run Bill O'Reilly's wealth-building message because of its "conservative nature!" 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