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The Secret to a Life Well-LivedBy
Wednesday, May 11, 2011
If you don't know Alex Green yet, you need to.
I've always admired him. He's the smartest person I know... And he has great investing ideas. But that's not why I look up to him...
I look up to him because he's found the secret to a life well-lived.
I first met Alex when we worked at the same investment firm 17 years ago. He was the King... He was in his own league as the most successful broker in the office. And me? I was at the bottom of the totem pole... and unremarkable, even among the new guys.
I quickly saw Alex had an extraordinary ability to see an investment idea before anyone else. And he combined that with another extraordinary ability – he could communicate that complicated investment idea in plain language. Not many can put those two things together. (It's something I hope I do for you now.)
Even back then, Alex was financially free... He was already so successful as a broker, he didn't have to work anymore, if he didn't want to.
After a while, I left that job to become an investment newsletter writer. When I left, Alex told me if I could find him a chance to write an investment letter he'd love to take it. Was he serious? It would mean a big pay cut...
But the opportunity arose, and Alex has now been writing an incredibly successful investment newsletter for over a decade.
"One of the best prizes life offers is the chance to work hard at something worth doing," Alex writes in his new book, Beyond Wealth.
"Choosing meaningful employment often means accepting at least a temporary pay cut... But what could be more enjoyable than to love what you do and feel that it matters?"
Now he's much happier and probably more financially successful than he ever was as a broker.
Being financially independent has allowed Alex to pursue a life well-lived. He's learned what can bring true happiness versus what's a marketing pitch in a magazine.
The great thing is, you don't need to be financially independent to live this life. And in Beyond Wealth, Alex shares how...
Stop regarding life as an ongoing competition for social status. Opt out of the game – even if everyone else seems to be playing it – and then you can't be controlled or disappointed by the opinions of others... Spend your time and money collecting great memories rather than more stuff.
My wife and I live this. It has freed us from the miserable life many others are stuck in. We don't buy expensive clothes or drive fancy cars. We don't play "the game." And it really is liberating. (I can be at a cocktail party, and I'll see "the game" in action. I'll give a silent sigh of relief that I'm not part of it.)
Alex moved to Virginia, so we don't get to see each other as much as we used to. That's too bad... because I love soaking in his stories and his ideas. It's inspiring.
Thankfully, you and I can get caught up on dozens of his latest stories and ideas in Beyond Wealth.
These days, if I can take just one good idea away from a book, it was worth my time. I don't get compensated for recommending Alex's book... I'm just certain if you read it, you'll take away a few dozen ideas that will improve your own life. And you'll get inspired too...
Check out Beyond Wealth today.
Good investing,
Steve
Further Reading:
One of Steve's business buddies, Brad Thomason, told him about an investment idea that has probably beaten every other major asset class over the last 10 years. Even better, it's less risky than almost any other investment out there. Get the full story here: I Got a Check for 30% Interest Yesterday.
Another one of Steve's friends tipped him off to a recent spike in home buying, prompting Steve to urge readers looking to buy a home to act quickly. Learn more here: Bank Insider Shares Housing Market Secrets.
Market NotesA BULLISH SIGN FROM THE TRANSPORTS If you're looking for confirmation of a "bullish on stocks" stance right now, make sure to check out the Dow Jones Transportation Average...
More than 100 years ago, Wall Street Journal founder Charles Dow set the foundation of modern technical analysis – the "art" of watching stock price trends.
One of Dow's major tenets holds that the stock market is healthy when both the manufacturers of goods and the transporters of goods are doing brisk business and enjoying rising stock prices. Dow called it a "confirmation" when his Industrial Average and Transportation Average reached new highs together.
Below is a chart of the price action in the Dow Jones Transportation Average over the past year. This index measures the stock price performance of America's most important railroad, trucking, and shipping firms. As you can see, this index is enjoying a bullish series of "higher highs and higher lows" and is sitting near its yearly high.
Sure, there are many things out there to worry about (government debt and government debt being the two biggest), but until major indexes like the Dow Transports start breaking down, we have to say, "Things can't be all that bad."
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