Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption
The world has endured an economic crisis of epic proportions—the biggest since the Great Depression. Trillions of dollars in accumulated wealth lost, gone forever. That crisis reminded us once again how quickly economic crises can strike and how bad they can be.You're a wealth builder. You work hard, and you want to have something to show for it some day. You want to send your kids to college, to plan a comfortable retirement, to sleep comfortably at night, and to achieve financial peace of mind. You want to use debt prudently, if at all, and have the ability to do what you want—financially—come hell or high water.What should you do to ensure that the next financial calamity stays clear of your backyard? That's where Axel Merk'sSustainable Wealthcomes in.Over the course of his successful financial career, author and fund manager Axel¿Merk has led the way in identifying major economic trends before they occur. Most importantly, he has been a guiding light for investors and individual wealth builders to navigate economic crises like the recent global recession. Now, with this timely new book, Merk puts your financial decisions in a global context, showing you how "big picture" factors can influence your financial well-being.Part I ofSustainable Wealthhelps you understand the dynamics that drive this world and how they may affect your finances. Here, Merk skillfully discusses the world we live in, by highlighting the temptations of our society: the temptations of credit, consumption, policy change, and complacency. Rather than be left scratching your head about the meaning of the last Fed decision, you'll learn how the world really works and what it really means for you and your wealth.In Part II, you'll discover how to apply these lessons to your personal finances. Merk highlights that everyone should be challenging the conventional wisdom. He then illustrates how to save, spend, and invest in a volatile world, providing clear, straightforward advice should you and/or the economy be faced with a crisis.Filled with in-depth insights and practical advice,Sustainable Wealth:Reveals why "staying the course" when governments or markets change the rules may be hazardous to your wealthCoaches you on how to recognize major economic trends before they happenOffers a plan to spend, save, and invest wisely in the face of an uncertain world, build a financial legacy, and achieve peace of mindAs you readSustainable Wealth, you'll quickly be able to understand—and adapt to—today's erratic and rapidly changing markets. Financial peace of mind. That's what this book is all about.