Sustainable Wealth : Achieve Financial Security in a Volatile World of Debt and Consumption

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2009-10-26
  • Publisher: Wiley
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A personal finance guide for today's turbulent worldSustainable Wealth empowers you to achieve your financial goals by unleashing the shackles of debt, no matter how uncertain the future may be. Filled with in-depth insights and practical advice, this reliable resource illustrates how you can predict economic booms and busts before they happen, adapt to changing markets and plan for lasting financial stability.Over the course of his career, Axel Merk has been at the forefront of identifying major trends, a leader in the public policy debate on how to fix the economy, and guide for investors looking to navigate the global credit crisis. With this new book, Merk puts your financial decisions in a global context and shows how factors ranging from the Federal Reserve and Congress to trends in Asia and Europe influence your financial well-being. Coaches you how to recognize major economic trends before they happen Puts forth a plan to help you cope with expenses and save for retirement, while building a legacy of wealth, not a mountain of debt Reveals why "staying the course" when governments or markets change the rules may be hazardous to your wealthAs investors struggle to adapt to the new financial landscape, Sustainable Wealth provides straightforward answers to the tough financial questions we face-and the tools to achieve a financially sustainable lifestyle.

Author Biography

Axel Merk is the President and Chief Investment Officer of Merk Investments LLC, an SEC registered investment advisory firm that manages mutual funds specializing in currencies. He has published articles describing complex economic phenomena in understandable terms and is a frequent expert presenter and moderator at conferences. Merk is a sought-after voice in financial news, known for his understandable advice and uncanny ability to predict market movements. He is a regular guest on CNBC and Fox News, and is frequently quoted in Barron's, the Wall Street Journal, Bloomberg News, USA Today, and the Financial Times.

Table of Contents

Forewordp. xi
Prefacep. xiii
Introductionp. 1
Achieving Excellence as a Financial Pilotp. 2
What Is Sustainable Wealth?p. 4
A Volatile World of Debt, Consumption, and Temptationp. 6
Unintended Consequencesp. 8
The Flight You're About to Embark On...p. 9
A world of Temptationp. 13
The Temptation of Creditp. 15
The Relationship Between Credit and Debtp. 17
Credit as Moneyp. 20
The Power (and Un-Power) of Central Banksp. 23
Sizing the Debt Problemp. 25
A Crisis in Confidencep. 27
Credit Crisis Consequencesp. 28
A Bond Market Bubble?p. 31
Credit as a Threat to Sustainable Wealthp. 32
Credit as Fuel for Other Temptationsp. 33
Using Credit Wiselyp. 34
The Temptation of Consumptionp. 37
The Consumption Paradigmp. 39
The Cost of a Consumption Economyp. 45
Long-Term Consequencesp. 53
Unwinding the Consumption Bubblep. 54
What This All Means for Youp. 56
The Temptation of Policy Changep. 59
The Boom/Bust Cycle: Can You Fool Mother Nature?p. 60
Goldilocks Intendedp. 65
Above and Beyond: The Fed Ventures Into Fiscal Policyp. 69
More Bad Medicine for Boom/Bust Cyclesp. 73
Regulation and Taxes: Consistency is the Best Policyp. 76
Long-Term Policy Consequencesp. 79
Policy, Complacency, and Sustainable Wealthp. 82
The Temptation of Complacencyp. 83
Big Hat, No Cattlep. 84
Complacency's Counterparty-Riskp. 88
The Complacency of Business Legacyp. 93
Trust Must Be Earned Every Dayp. 95
Live Free or Diep. 98
Achieving Sustainable Wealthp. 101
Challenging Conventional Wisdomp. 103
Recognize Your Responsibilityp. 104
Should You Use an Adviser?p. 107
The Proactivity of Sustainable Wealthp. 110
Low-Probability, High-Risk Eventsp. 117
Adaptive Investing, Rather Than Staying the Coursep. 118
The Sustainable Wealth Lifestylep. 123
Saving and Spending in a Volatile Worldp. 125
The Sustainable Wealth Gridp. 126
Become a Scenario Plannerp. 129
Sustainable Wealth: A Store of Valuep. 130
The Individual Wealth Cycle Modelp. 134
The Importance of Pay As You Gop. 140
Getting a Handle on Expensesp. 144
How to Spend Less Than You Earnp. 146
Make the Important Standard-of-Living Decisionsp. 147
Sustainable Wealth in a Volatile Worldp. 152
Crisis Investingp. 153
Signs of Crisisp. 154
Hope Is Not a Strategyp. 161
About Insurancep. 166
There's No Such Thing as a Safe Assetp. 169
Finding a Place to Hide: Depression Investingp. 175
How to Invest in a Bustp. 178
Toward Sustainable Wealthp. 181
Profiting in a Volatile Worldp. 183
Diversificationp. 185
Scenario-Based Investingp. 188
Investing in the Futurep. 188
Stock Investing: Investing for Valuep. 189
Diversification with Real Estate and Landp. 195
Diversification into Alternative Investmentsp. 196
Profit Opportunities in an Uncertain Worldp. 198
When to Sellp. 205
How to Invest in a Boomp. 206
Toward a Sustainable Wealth Investing Modelp. 208
Sustainable Investingp. 209
The Power of Compoundingp. 210
Doing Investing Rightp. 214
A Golden College Savings Planp. 217
Taking Risks Without Jeopardizing Sustainable Wealthp. 221
Purpose-Driven Investingp. 225
Sustainable Investing and the Sustainable Wealth Lifestylep. 228
The Pursuit of Sustainable Wealth and Happinessp. 231
The Rewards of Living Within Your Meansp. 233
Sustainable Work-Life Balancep. 235
Leaving a Legacy: Sustainable Givingp. 238
Sustaining Wealth Spans Generationsp. 240
Surgeon General's Warning: Sustainable Wealth May Be Addictivep. 241
Final Thoughtsp. 242
Resourcesp. 243
About the Authorp. 247
Indexp. 249
Table of Contents provided by Ingram. All Rights Reserved.

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