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" ... In order to maintain one’s affluence, one should focus on preservation of capital. That is accomplished through prudent diversification, a strategy that most people don’t get excited about. It is, admittedly, quite boring and sometimes frustrating since there will always be an underperforming asset within your portfolio and overall returns will lag at least some areas of the market. That being said, this strategy also helps minimize the likelihood that your portfolio will implode. In retirement, the name of the game is to live off the fruit of your labor. Searching for the next hot investment idea to triple the value of your assets can lead to financial ruin. ... "
" ... Somewhat comparably, in East Asia, what you might call 'the Singapore model' is in the ascendant, most powerfully embodied by China, where the state offers efficiency, order, modernization, affluence, and the like as a trade-off for the chancy vicissitudes of people-power. Whereas the Moscow paradigm rewards the atavistic leader - patriotism, moralizing, military muscle, religious or imperial nostalgia – the Beijing approach cares little about ideologies. The Chinese, for obvious reasons, aren't about to stoke ethno-statism or xenophobic politics abroad as they try to do business worldwide. Business is a kind of color-blind, morally neutral, focus of Beijing - except for their immediate neighborhood where they seem patiently singleminded about re-dominating a kind of maximal eretz-China swath of geography. Not unlike Russia's incremental re-absorption of areas in Ukraine, Georgia and the like. Between them the two superpowers have a strategic alliance, the Shanghai Co-operation Organization (SCO), which works to resist the West's unipolarity and keeps their shared underbelly of Central Asia, the Silk Road area, from busting out of its box too vigorously. How would that happen? The 'Stans would make direct trade and security deals with the West, develop too fast and grow too powerful too quickly. To do that they'd need direct conduits out of their landlocked zone. As it stands, they're bookended by Iran and Pakistan – both fully in hock to Beijing and Moscow. ... "
" ... Students who had received private tuition were disproportionately likely to come from well-off families: a third (34%) of students from "high affluence" families had private tutors at some point, compared with one in five (20%) of those from "low affluence" families. ... "
" ... Will Covid-19 see the death of the model where consumers have to earn the right to a particular card and then use it for affluence signaling? Will it lead to an evolution to credit cards as an important and necessary component of good financial management? Let’s hope so. A financial moment where the card has to work for the consumer and not the other way around is long overdue. ... "
" ... With an average family income of $181,903 affluence is a way of life. Just a 15-minute drive from downtown Sarasota via a bridge this low-key barrier island has some of the most pristine beaches in the state. Siesta Key was named the #1 Beach in the U.S. in 2020 by TripAdvisor’s Traveler’s Choice Awards. ... "