Trumping Richer

By Dwayne Anderson

 "The illiterate of the future are not those who can't read or write but those who cannot learn, unlearn, and relearn." - quote by Alvin Toffler
What clearly he meant is that we need to learn and unlearn as we continue to stay updated with what that works and those that no longer works

Much has changed since the baby boomers days ,including the path of staying ahead amid today's age of disruptive technologies prompting creative thinking and more on ideation output 

To succeed from now , one must learn to accept the constant change to adaptation -- continually unlearning old 'rules' and relearning new ones.

That requires continually questioning assumptions about how things has changed , non-valid old paradigms, and 'relearning' what is now relevant to pursue in acquiring your wealth.

This book is filled with excellent ideas and concepts of daily struggle to understand money science, It emphasize on how every salaried person need to struggle each day trying to recover his daily expenditure and living his life facing such rat race will just keep all these people locked down with each day only looking for ways and means to earn money .. the struggle pushes on

There is a lot here in this book that can help an individual move toward financial freedom through understanding money and the mindset required to become wealthy, of which means you need to know what it is that separates the wealthy from the Not-so wealthy.

What you need to know and identify with is what principles and what behaviour the rich have , and that you need to relearn . Some of which , you have not taken action to unlearn yet ,to stay current and getting ahead

" Happiness that Money brings cannot last " ,
With Money , People cannot necessarily materialize everything , However without money many things cannot be accomplished nor done 
Accumulation of wealth with the pleasure to have comfort , luxuries , reputable status , financial influence, freedom and popularity are what money usually can help to achieve , its provides a centralized role in our lives , at a general necessity stage level as it helps to clothe and feed us ,to put a nice accommodation for stay and pay the bills.
Money may not be everything, they may not even guarantee a happy life, but they are a pretty good basis to learn how to build happiness on ... for now 
I highly recommend this book to anyone who'd like to ignore the fluff available on the Internet and take action now.
Now that being said, this book assumes you know about the basics like Cash Flow, budgeting, etc.
It doesn't talk about investment mediums like stock market, bond, etc.
And the best part is that unlike many books, this book tells you not to lead a frugal life

• Language: English
• Publisher: eBookIt.com
• Release date: Apr 10, 2020
• ISBN: 9781456634803

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Conclusion

Disclaimer:

Every effort has been made to be accurate in this publication. The publisher does not assume any responsibility for errors, omissions or contrary interpretation. We do our best to provide the best information on the subject, but just reading it does not guarantee success. You will need to apply every step of the process in order to get the results you are looking for.

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Some examples of past results are used in this publication; they are intended to be for example purposes only and do not guarantee you will get the same results. Your results may differ from ours. Your results from the use of this information will depend on you, your skills and effort, and other different unpredictable factors.

It is important for you to clearly understand that all marketing activities carry the possibility of loss of investment for testing purposes. Use this information wisely and at your own risk.

#Trumping  Richer , Money Just Never Enough , is a followup edition of "Money Never Enough, classified as  under 2nd edition  with additional 4 chapters with 50pages of  fresh content  and a  preface introduction on  update on the New economy since many new economic changes has been introduced since the new inauguration of the new First Office

Copyright © 2015 Dwayne Anderson

Table of Contents

Preface

During the 2016 Presidential election ,the whole scenario  was  shaping up to be ... another election dominated by economic issues. In polls, voters consistently rank the economy as their top concern, and candidates  have put big dollars and cents at the center of their campaigns , particularly in rural America where the loss of manufacturing jobs had greatly reduced families’ abilities to make ends meet.

To date, the status of the economy under the  sitting  President has been quite impressive. With the exception of small, temporary declines, the stock market is at record highs while unemployment is near record lows. Meanwhile, gross domestic product continues to grow. However, despite these positive results that indicate a strengthening economy, many economists are worried that a potential recession looms on the horizon.

The reasons for the concern relate to a number of the President’s fiscal policies. The first is executive actions that have loosened restrictions on banks and other financial institutions in an effort to circumvent the Dodd-Frank Act. This act was passed after the Great Recession of 2008 when it was found that banks were acting fiscally irresponsible in their issuance of loans in order for leaders to net bonuses. The results set in place a large economic collapse that impacted the world.

However, many in the Republican administration feel that excessive government regulation harms the economy. The weakening of this act begins opening the door for potential unethical conduct in the banking sector in the future.

Perhaps the biggest win for this presidential administration was the passage of a massive tax cut bill. The bill lowered the corporate tax rate from 35% to 20% and eliminated the estate tax among other things. It also simplified individual income taxes, reducing the number of tax brackets. However, it also eliminated many itemized deductions which could serve to actually increase the tax burden for some middle class families. While the tax cuts were favored by a majority of the population and touted as a job creation measure, the results have shown that they actually resulted in progressive positive changes .

Instead, corporations largely used the additional money for stock buybacks and executive bonuses. The major concern with the tax cut bill is its contribution to the national debt, with the tax bill aimed at added $1.5 trillion to the national debt over ten years. Many economists worry that such a drastic increase could cause great financial difficulty for the United States in years to come.

Another aspect of this President’s economic policies has been promoting the success of corporations. While the tax cut overwhelmingly benefitted the wealthy and corporations, the administration acted further to remove many regulations that hampered businesses. The Environmental Protection Agency rolled back a number of standards that made it easier for energy companies to make profits without having to worry about fines or restrictions on pollution.

Segments of the Affordable Care Act were eliminated, making it easier for health insurance companies to make greater profits by offering healthcare plans that are low cost but do not have many benefits. As a result of these policies, many corporations have seen record profits.

Perhaps the most significant aspect of the President’s recent economy policy has been the rumblings of trade wars. For many years, the United States largely engaged in free trade with international partners. However, the President’s administration has been strongly opposed to free trade in most sectors, arguing that other countries are taking advantage of the United States.

The initial action, in his first week in office, was removing the United States from the Trans Pacific Partnership. Currently, there is a discussion about pulling out of the North American Free Trade Agreement. However, efforts at economic protectionism have not been isolated to trade agreements. The administration has begun issuing tariffs on goods in a variety of countries.

The most notable have been over $16 billion in tariffs on China. China’s response to this was to enact an equal amount of tariffs on U.S. goods. Tariffs have also been imposed or threatened against Canada and various countries from the European Union, representing a drastic shift in American economic policy by threatening allies. While there is a likelihood that agreements can be reached with Europe, the prospect of a trade war with China looms very real and could cause a significant recession while greatly raising the cost of products for consumers in both nations.

Looking forward, one of the key items on the President’s legislative agenda is a proposed $1.5 trillion plan for infrastructure revitalization. This plan would repair America’s crumbling roads system which is in great need of attention and vital for transportation of goods. Economists largely consider this to be a positive plan as it addresses an issue of critical importance to the nation while providing for the creation of thousands of jobs. However, Congress has yet to take up discussion of the plan. It is unlikely that it will reach the floor of Congress until 2019 at the earliest. However, if this bill were ultimately passed, it would potentially stand as the greatest economic legacy of this administration.

Like many aspects of this administration, the economy is a tale of two realities. On one hand, it is very strong, reaching record highs in many economic indicators. However, there is also widespread concern that short-term gains were taken at the expense of long-term problems due to excessive debt.

Yes, as of now the economy  is now  #Trumping  Richer  , Money  Just  Never Enough  situation is at brink of  happening  again as most  individuals   will start to feel  the impact from  inflation and higher   costs  , caused  due from   his  higher tariffs for imported goods  which will eventually  realised into  higher priced  goods which kickoff as a domino factor to supplement  additional cost  on almost every  daily consumable products and services  affecting  every common folks and household .

Additionally,  due to  income inequality has been  well entrenched in American society and will continue to grow because of tax cuts. Realistically  the American economy is improving  and  performing well as indicators  has  shown in July 2018  ,  but  there is still  great poverty in rural areas, increasing the prevalence of social problems such as drug addiction. It is this income inequality that many people consider the greatest threat to continued American prosperity as the majority of the wealth is now controlled by an increasingly smaller minority of the population.

Furthermore, the President continues to defy even leaders of his own party in threatening increased tariffs. Many experts believe the development of a full-fledged trade war with China will result in significant economic problems that could cause a worldwide recession.

Ultimately, the coming months could very well reveal whether or not this administration’s economic legacy will be a positive one or a negative one.

Foreword

Today there are new problems: money is facing possible  hyperinflation, the US Dollar may  have regain  to a better  value, property prices are going up so fast the average family cannot even afford, and the middle class is being wiped out

Are you struggling in the ‘rat race’ and never seeming to get anywhere financially; or are you already having financial freedom?

Financial freedom - everyone wishes to have it, but few people actually know what it would take for that to happen. Sadly, there is often a great misconception that to have financial freedom we have to work hard to make money, and that money is not worth anything unless we’ve worked hard to make it.  The truth is, financial freedom is much more than having money. It’s the freedom of choice to be who you really are and do what you really want in life. It’s about the ability to live and the ability to create with money and to use money to generate other possibilities.

Take a few moments to ponder, What would it take for you to have financial freedom? What would it take for you to be abundantly wealthy in every way possible and in how you live everyday? Do you believe that it is truly possible for you to have financial freedom? How would your life change if you were to have financial freedom to do what you really want in life? This would likely result in a significant lifestyle change for most people.

What’s keeping you from having financial freedom?

In most cases it is simply your point of view and your lack of belief that it is truly possible for you to have financial freedom. One of the biggest issues with this point of view is that it constrains you to spend your life clinging to job security. The problem with this approach is that the opportunities are often limited by how hard you can work and how many hours there are in a day.

We can say with confidence that any person on this earth can make the choice to have financial freedom, create different possibilities and generate amazing money flows. Financial freedom is not a matter of luck, fate or circumstances, but a direct outcome of making some essential changes in your outlook and in your life. In order to have financial freedom you must believe that you can do it and you must be willing to take the action and do what ever it takes to achieve financial freedom.

If you do not yet have financial freedom, this book will point you toward the future and inspire you, show you what is truly possible. Financial freedom is largely determined by you, and by your own choices and decisions. Your financial future is in your hands. It is very much up to you.

The very best way to have financial freedom is to create it

The only way for you to achieve and enjoy all that is possible for you is to create your own financial future. And the good news is that there have never been more opportunities, in more different areas, for you to fulfill your dreams and goals than there are today. Even with the recent economic down turn, we live in the most prosperous time in all of history with more opportunity to generate wealth and achieve financial freedom than there has ever been before.

Limitless possibilities and immense opportunities are present every day of the week; the question is, are you prepared to receive them and benefit from them? The single most important quality you need in order to have financial freedom is the ‘willingness to be more’. You have to choose to be greater than you have been willing to be.

Are you ready to take the first step on your personal journey to financial freedom and success?

Yes?

Awesome! – then the first thing to realise is that financial freedom is not an extraordinary privilege or a special treat that is only bestowed to some people and not to others. It is a knowable and attainable state of being that is available to you if you choose to claim, own, and acknowledge it. 

Most people choose to operate within the limitations of this reality. The default route to financial freedom for most people is to ‘work hard for a modest salary’. They choose to be in agreement with everyone else about what is. They reject what they could have. One of the biggest issues with the need for security and comfort is that the benefits of developing financial freedom are constantly postponed.

If you can relate to this depiction above you are operating within the limitation of this reality, and it is not your fault. But after reading this book you will have the power to change. You will get an insight into what has been obstructing you from creating your financial freedom and discover essential powers that you can cultivate and use to create your own financial freedom.

The information contained in this book will first provide you with crucial knowledge, and then proceed to empower you with the ability to take action to create your own financial future. I know it can be intimidating to make change happen, but think about it: if you don’t take action now, what does your financial future really look like?

Are you aware that you generate financial freedom, wealth and prosperity not by what you do or have, but by who you are? Are you aware that your point of view determines whether you will struggle in frustration or live an extraordinary life of abundance and wealth?

Is this book for you?

The good news is that financial freedom isn’t that hard to create. The best way to overcome your current limitation is to embody and be the greatness that you truly are. 

This book is a resource for you if you are choosing to have financial freedom and to create a life greater than what you now have. The inspirations and transformations you will receive from this book will facilitate a wave of change in your financial state and in your life.

The information in each chapter in this book is proven to work because these are the qualities of the most wealthy and prosperous people in the world. However, reading this book alone will not create your financial freedom. You still need to take appropriate actions to change your points of view and create your own future. You must apply the knowledge and awareness that you will acquire from this book and make a conscious choice to actually take actions to create your own financial freedom. If you are not prepared to change and to generate different possibilities, there is no point in reading any further.

However, if you are ready to let go of the limitations, and take a leap to generate your abundant financial future, and to have financial freedom that you didn’t even think were possible – this is the perfect place to start. Let’s dive in!

Creating financial freedom is no harder than   not creating financial freedom!

And it’s immense FUN, too!

You will be able to lift the veils of secrecy to uncover the common threads, which have run through the lives of the people throughout history who have achieved great wealth and - more importantly - kept it!

The practices, insights, and inspirations contained in this book will set in motion a whole new way of being and living with awareness. You will begin to perceive, and receive the truth that financial freedom has nothing to do with what you are doing and having. It has everything to do with what you are being. The tools and practices that this book offers will continue to assist you in expanding your financial future and letting go of your limitations long after you stop reading.

Are you ready to change your personal finances once and for all? If you’re ready to take command of your life, attain unlimited possibility, and choose being abundant in all things your number one priority, then you’re ready to experience the information provided in this book. This book provides you with inspiration, and transformational practices you can use on your path to wealth, success, and money with consciousness.

To experience unbridled joy, exuberant expression, and remarkable financial freedom, regardless of its challenges, all you have to do is choose to make the 5 essential powers the guiding principles in everything you do.

These will, in turn, affect many other areas of your reality and the world at large. Each time that you choose to embody and be the greatness that you truly are, you change this world into a place in which people can live with total awareness, joy and infinite abundance. Not just you, but every other being in this world, is affected by the choices you make.  .....Raymond  Wayne

Chapter 1:

Why Money Grows on Trees, If You Want To?

With money, human beings cannot necessarily accomplish everything. However, without money, many things cannot be accomplished.

- Money Never Enough

The concept of retirement has changed

What that retirement looks like has changed dramatically in those three generations, from the early days of the last century until today. People have far different expectations of what those years will be like. Decades back, the three-legged stool was a standard of retirement planning. The legs represented the three bulwarks of retirement finances, which were Social Security, a company pension, and your own savings and investments.

An advisor back then was simply helping clients to make the most of their savings and investments, allocating their portfolios to reduce risk and earn a fair rate of return. However, people were less dependent upon that money than they are today. Many people thought of that money as just something extra.

Collapse of the three-legged stool

That three-legged stool has changed forever. In fact, it is wobbly to the point of collapse. The only strong leg left is what retirees can do for themselves through their investments. A great many people have most of their savings