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Value Creation Blog

4 Random Thoughts About Your Wealth

Posted by Josh Patrick

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You may have noticed that the stock market has been doing pretty well since Donald Trump was elected President.  Whether you like him or not, that is a fact.

The mainstream media keeps waiting for the floor to drop on Trump and it may still do so.  The truth is Middle America doesn't care and the more the Media dumps on Trump, the more Middle America seems to be tuning things outs.  Here's a post I found that explains this phenomenon pretty well.

For almost a full year now the New York Times, Washington Post, MSNBC and CNN, among others, have teamed up to bring us one Russian collusion story after another. Yet, after all of it, even including the New York Times' most recent Trump Jr. 'bombshell', they are still no closer to actually presenting any tangible evidence that anyone within the Trump administration actually colluded with the Russian government and/or otherwise committed any actual crimes of any type throughout the 2016 campaign. via Why Middle America Doesn't Care About The Trump Jr. Narrative: Reuters Explains

Something from my friends at Freakanomics

And, if you're interested in what we might use instead of GDP to measure the health of our country, here's a podcast episode from the Freakanomoics guys that you might want to listen to.

Season 6, Episode 41

This week on Freakonomics Radio: for decades, G.D.P. has been a standard way of measuring living standards around the world. Martha Nussbaum tells Stephen J. Dubner that she’d rather use some better data. Plus: Steve Ballmer wants to know how the U.S. government actually using its G.D.P.

via The Health of Nations

And you thought everything was falling apart.....it's not true.

We think the world is coming to an end, but the truth is we've never lived in a time of more abundance.  Read this article to find out some examples of abundance that might seem over the top, but it's the truth of where many American's live.

I have a friend with a place like that, and eventually it hit me why her apartment always looked so put together: She ALWAYS has fresh flowers all throughout her home.

I had to ask. She has a busy full-time job, so how does she buy and water and care for the roughly 4,126 flowers throughout her apartment? That’s when she confessed: She has fresh flowers delivered to her house every week. Amazing, beautiful, artisanal flowers from an NYC flower delivery service.

via Welcome to the age of abundance

Finally, a thought of mine on the opioid crisis.

Most of the research I read about this seems to get it wrong.  We keep looking at how we're going to "fix" the users.  The truth is just like in the days of Bill Clinton, "It's the economy stupid."

You see much of addiction is caused by circumstance.  And, with middle-class jobs leaving in droves (this is caused by the microchip, much more than outsourcing) those jobs that paid $27 per hour with great benefits are becoming a thing of the past.

People who used to look forward to factory jobs with a middle-class lifestyle are finding it tougher to get work that will support being part of the middle class.  This means that they aren't feeling very good about their future.

With this truth, it's easy to turn to opioids as a way to ease the pain.  

This means that until we put real effort into the fixing the middle class jobs problem....and it's not bringing coal jobs back, we're going to continue having an opioid crisis that won't go away.

Why don't you leave me your thoughts in the comments below about all of the things we've covered in this blog post.

Want to discuss any of the items in this post or talk about your strategy to become financially independent, just click on the button below and set a time to talk with me.  I promise you that you'll walk away with at least one piece of information that will be useful for you.

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Topics: wealth management, jobs, opiooid crisis

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