Scary economic headlines are really popular right now. Every day I get messages from people asking me what clever financial moves they should make to avoid some speculative macroeconomic doom and gloom. One popular fear is this: What happens if there’s a new world order and the US Dollar is no longer the global reserve currency. My answer? HOW THE HECK WOULD I KNOW?! That would be unchartered territory in our modern economy. But you know what’s NOT going to happen? Rich people won’t become poor and poor people won’t become rich based on clever speculative financial footwork they’re doing.

No matter WHAT gloom and doom lies ahead, you know what will benefit you? Working on the things you can control. Increase your income. Decrease expenses. Invest the difference in productive assets like index funds and real estate. If you’re doing that you will be protecting yourself and building wealth.

So no, I’m not going to put on a tin foil hat and start spouting nonsensical advice about how to avoid speculative gloom and doom. I’m going to keep doing what has worked forever. Make more, spend less, invest the difference. You can control those things. That’s where your effort should be focused.

As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.

-Jeremy