Get Rich Versus Stay Rich
Get Rich Versus Stay Rich
Posted March 10, 2021 by blair
I don’t help people get rich, I help them stay rich. My job as a wealth manager is to help clients hold on to their wealth and to preserve and grow it to keep pace with inflation. My number one priority is to ensure that money is there to meet their goals, when they are ready to spend it. There are a lot of ways to get rich. The most reliable way is to spend less than you earn and invest the rest. Repeat consistently for four to five decades, and you are likely to secure a decent retirement. One of my favorite things about being an advisor is hearing the variety of ways people accumulated wealth.
I’ve seen and heard it all. Stock-based compensation is a common route, as is building a successful, privately-owned business. Then there are high earning professions such as medicine and law. In some cases, I work with the second or third generation of a family. One of my colleagues spoke to a true Tesla millionaire recently. They really do exist, and a few actually took some gains off the table.
A common theme among wealthy individuals is the realization that money earned easily can be lost just as quickly. There is a healthy fear of making a mistake they will regret. Morgan Housel put this perfectly in his book, The Psychology of Money:
There are a million ways to get wealthy , and plenty of books on how to do so. But there’s only one way to stay wealthy: some combination of frugality and paranoia.
This is not the first time I have referenced that quote from Morgan, and I doubt it will be the last. The truth of the matter is that many Americans have made fortunes in recent years. The current bull market, particularly in popular, high growth stocks, has made millionaires out of employees and investors in these companies. Some of them won’t be able to hold on to it.
Few things compare to the high of making millions off a concentrated bet; whether that bet is on a single stock, building a business, or working for a successful start-up. I imagine the brain responds to this high in the same way it does to addiction. The temptation to chase the next high is all-encompassing. I talk to investors all the time who can’t stop chasing that high.
Getting rich and staying rich are two very different skills. Getting rich is exciting, even thrilling, and often includes lots of risk taking. Staying rich is boring, bordering on mundane. That’s because the only way protect wealth with any degree of certainty is to diversify. Diversification by definition means that parts of the portfolio will always be lagging the rest of the market.
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Gold & Silver Revaluation! A Quarter Ounce Of Gold To Buy A House - Here's When | Lynette Zang
Smart Silver Trends: 8-26-2026
In this video, Lynette Zang explores the potential for a massive overnight revaluation of gold and silver, drawing parallels to historical hyperinflation events like those in Venezuela.
She explains that while the U.S. market is often driven by "paper" contracts and traders, global trends are shifting toward physical markets, which she believes will lead to truer price discovery based on actual supply and demand.
KTFA
Wednesday Night Video
FRANK26….8-26.26…CITIZENS BEING PREPARED
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
CBI Rejects Reports Of Printing New Banknotes
2026-08-26 Shafaq News- Baghdad The Central Bank of Iraq (CBI) on Wednesday denied reports that it had printed new Iraqi banknotes with zeros removed in preparation for their circulation.
Good Evening Dinar Recaps,
India Pushes the Rupee Beyond Its Borders: Local-Currency Trade Moves From Policy to Practice
India is taking another practical step toward expanding the rupee’s role in international commerce — a development that could gradually diversify global trade settlement beyond the U.S. dollar.
Reset Intelligence: Iraq Orders New Banknotes
8-26-2026
Iraq Orders New Banknotes
By Reset Intelligence | @EXIT_FIAT
Iraqi lawmakers say the central bank has finalized designs for a new banknote series: roughly 7.5 billion notes, printed across 4 countries.
MilitiaMan & Crew: Is the Iraqi Dinar Moving? Daily Analysis from the Crew
8-26-2026
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
No drama. No intrigue. No songs and dances. Just straight, factual news that I read and interpret to the best of my ability after being an avid Dinar investor and insanely obsessed Dinarian for over 15 years.
Follow MM on X == https://x.com/Slashn
Oil falls as Iran-Oman talks fuel Hormuz hopes
2026-08-26 Shafaq News Oil prices dropped about 2% on Wednesday, adding to the previous session's losses, on fresh hopes the Strait of Hormuz could reopen after Iran said it had resumed talks with neighbour Oman on managing the strategic waterway.
Brent crude futures fell $1.78, or 2.0%, to $86.80 a barrel by 0027 GMT, while U.S. West Texas Intermediate crude futures were down $1.49, or 1.8%, at $80.87. Both benchmarks lost more than 3% on Tuesday.
Bruce’s Big Call Dinar Intel Tuesday Night 8-25-26
Transcribed By WiserNow Emailed To Recaps (INTEL ONLY)
Welcome everybody to the big call tonight. It's Tuesday, august 25, and you're listening to the big call. Thanks for tuning in, everybody. We're going to have a really good call tonight. I'm excited about my segment tonight, and I'm always excited to hear what Sue would bring to us and what Bob would bring to us as well.
Alright, let’s get Into our Intel portion of the call, I've got a few things I'd like to bring up, and but I'm going to try to create my little timeline that I like. See if we can make that happen. All right. First of all, I'm just going to bring up something about Iraq.
Majeed KSA: September 1st is the RV Date (?)
8-26-2026
The reason I made this claim is because for the past 5 days the news from Iraq kept going back-and-forth about deleting the zeros and not deleting the zeros, and if it will increase the purchasing power or not increase the purchasing power.
Acting like if they still thinking about it before taking any step.
And then all of a sudden, when the pressure they received from Trump was exposed on the media… in less than 24 hours, they said “now we are advancing in deleting three zeros.”
Coffee with MarkZ, joined by Andy Schectman and Zester. 08/26/2026
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
MZ: After years of stalling, things are moving. World order changing, WTO, Oil prices, and Columbia gets tough.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR Update as of Wed. 26 Aug. 2026
Compiled Wed. 26 Aug. 2026 12:01 am EST by Judy Byington
Judy Note:“A Midnight Window was opening, with all systems Green.” …Tier4b ISO20022 on Telegram Tues. 25 Aug. 2026
Good Morning Dinar Recaps,
Oil Falls, but the Global Financial System Is Still on Alert: Iran, Inflation and Central Banks Reprice Risk
Oil prices are falling on renewed hopes for a reopening of the Strait of Hormuz—but the underlying financial risks created by the U.S.-Iran conflict have not disappeared. Energy prices, inflation expectations, Treasury yields and central-bank policy remain tightly connected.
Between Advantages And Repercussions... An Expert Reveals To "Baghdad Today" The Details Of Removing Zeros From The Dinar
Baghdad Today – Baghdad Professor of International Economics, Nawar Al-Saadi, revealed today (Tuesday, August 25 , 2026) the importance and repercussions of "removing zeros" from the Iraqi currency.
Al-Saadi told Baghdad Today that “the principle of removing zeros, if implemented in a scientific and well-thought-out manner, can contribute to simplifying monetary and accounting transactions, facilitating payment processes and digital transformation, and reducing the volume of banknotes in circulation, in addition to the possibility of using the process as part of a broader reform to bring cash funds outside the banking system back into the official financial cycle.”
TNT:
Tishwash: The Central Bank of Iraq reveals the amount of local currency in circulation.
Data from the Central Bank of Iraq’s economic indicators revealed on Tuesday that the total currency issued by the bank in the markets rose to 111.189 trillion dinars by the end of June 2026, compared to 99.799 trillion dinars at the end of 2025, an increase of about 11.4 trillion dinars.
According to data seen by Shafaq News Agency, net currency outside banks reached 101.966 trillion dinars at the end of last June, compared to 92.560 trillion dinars at the end of 2025, an increase of about 9.4 trillion dinars.
KTFA
Tuesday Night Video
FRANK26….8-25-26….OUR GUEST IS WALKINGSTICK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie and Omar in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
Exclusive To Kurdistan 24: US Pressure On Baghdad To Expedite The Removal Of Zeros From The Dinar To Curb Money Laundering
Erbil (Kurdistan24) - Informed sources told Kurdistan24 today that the United States is exerting increasing pressure on the Iraqi government to expedite the implementation of the "removal of zeros from the Iraqi dinar" project, with the aim of crippling the movement of funds smuggled abroad and recovering cash liquidity hoarded through illegal means.
Congress Built This Mess. They’ve Made Sure They Don’t Live In It.
Notes From the Field By James Hickman (Simon Black / Sovereign Man)August 25, 2026
King Hammurabi of Babylon had a simple rule for home builders: if the house you built collapsed and killed its owner, you were put to death.
That was law #229, carved in stone almost 4,000 years ago. And some version of this rule has existed for most of human history. Even to this day, it’s a tradition among architects to spend the night under a bridge they designed to prove that it’s safe.
MASSIVE NEWS DAY For Dinar Investors!
The Dinar Den: 8-24-2026
At the heart of the latest discussion is Iraq’s steady march toward complete economic and political sovereignty. The hosts of The Dinar Den point out that recent geopolitical shifts—most notably a apparent decline in external regional influences, such as Iran’s historically strong leverage over Iraqi fiscal policy—are paving the way for Iraq to reclaim full autonomy over its monetary decisions.
This transition is further emphasized by the highly anticipated drawdown of the U.S. military presence, with sources pointing toward key milestones around September 30th.
Rob Cunningham: The New Global Monetary System
8-25-2026
I would size the mature “all-in” global dollar liquidity layer at roughly $250–$500 trillion, with about $350 trillion as a defensible central scenario – and a plausible extreme-state requirement approaching $750 trillion+ if tokenization, collateral mobility, machine commerce and reserve demand expand as aggressively my thesis assumes.
On August 24, the White House formally announced Operation Economic Outcast, explicitly framing Iran’s choice as either “complete global isolation” or a path to rejoin the global economy.
Good Morning Dinar Recaps,
When Global Debt Starts Repricing Everywhere: The Bond Market Becomes the New Financial Fault Line
Global borrowing costs are rising across major economies as investors demand more compensation for debt, inflation and political risk — creating a new challenge for governments and central banks.