A Short Preview:

“Wealth, like happiness, is never attained when sought after directly. It comes as a by-product of providing a useful service.”
~ Henry Ford

By Catherine Austin Fitts

This week, we continue publication of our 2023 Annual Wrap Up. In Parts I and II, Dr. Joseph P. Farrell and I examined the top 20 news trends and stories of the year, unanswered questions, and “great takings.” In “Building Wealth: Where to Stash Your Cash in 2024,” Ricardo Oskam and Carolyn Betts join me to shift our focus from “takings” to the people’s Building Wealth Reset.

All signs point to 2024 being a critical year for staying focused and not letting yourself get distracted by fear or hope porn. Our goal is to provide you with practical suggestions for managing risks and allocating your time and resources in 2024. Guided by the six pillars of the Solari Report’s Building Wealth curriculum, we outline a variety of possible actions:

  1. Maintain a commitment to living a Free and Inspired Life by surrounding yourself with and supporting high-integrity people; in the context of my favorite Bible story, the story of Gideon, that means individuals who are both faithful and competent.
  2. Build Navigation Tools (for example, by creating a learning plan, acquiring hard-copy books, subscribing to new media); recognize that in wartime, strategically investing time and money in reliable intelligence is essential.
  3. Take Risk Management seriously, including in the areas of personal and family safety and health (for example, acquire self-defense skills or knowledge that allows you to “become your own doctor”). Also make sure all of your important documents are adequately archived.
  4. Building Living Equity includes ensuring that you have access to clean water and real food and that you continue to build capacity to protect against and detoxify from the Great Poisoning. Investing in the next generation—the children you love—should also be front and center, including fostering their critical reasoning skills as well as their appreciation for high culture.
  5. For Financial Equity, there has never been a better time to focus on a “family wealth” approach (I never tire of recommending James Hughes’ book on that topic) or to get educated about strategies like hedging and behavioral investing.
  6. And don’t forget to Turtle Forth. As we frequently remind subscribers, “turtling” is about “moving forward steadily, taking action, and never stopping.”

While listening, we recommend that subscribers scan the list of over 40 ideas and options in “Where to Stash Your Cash in 2022” as well as the list of 33 ideas covered by Catherine and Ricardo in “Where to Stash Your Cash in 2024.”

On January 30, the 2023 Annual Wrap Up will continue with my quarterly Equity Overview with Tim Caban, followed on February 6 by my interview with Future Science Series host Ulrike Granögger—the author for our “Water” theme—who will help us understand how water relates to building wealth.

Money & Markets:

This is the last week of the month, so there is no Money & Markets. The next Money & Markets will publish on February 1. Post questions at the Money & Markets commentary here.

Related Solari Reports:

Building Wealth

Where to Stash Your Cash in 2022 (Financial Rebellion, Jul. 21, 2022)

Creating a Building Wealth Learning Plan

The Carolyn Betts Collection on Local Investment

Building a Successful Relationship with a Great Bank: The Four-Part Series

3rd Quarter 2023 Wrap Up: Equity Overview (Focus on Asset Classes) & Rambus Chartology with Tim Caban

2nd Quarter 2023 Wrap Up: Equity Overview (Focus on Insurance) & Rambus Chartology with Tim Caban

1st Quarter 2023 Wrap Up: Equity Overview (How to Find a Financial Planner/Professional) & Rambus Chartology with Tim Caban

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23 Comments

  1. My grandfather was a dentist in Tolbotton, GA and he also was given vegetables, eggs, etc. since they couldn’t pay him, like Catherine’s father, a doctor. The story goes he never sent a bill and just trusted them to pay if they could. When the Dental Association came around and told him he had to raise his prices, he wouldn’t do it because his clients couldn’t afford it.

  3. I have so many comments on this excellent presentation- but last one upon listening the whole way through…it does all boil down to FAITH and LOVE.

    This is something my husband and I say to each other often- one says “What’s it all about?” The other responds: “LOVE”
    We have done this for years and I exhort each one of you fellow subscribers to ask that question to your “inner circle”

  4. Inspiring, informative and insightful.

    Thank you for a worthwhile educational experience!

  5. I had to smile when Ricardo said he did not know what the Encyclopedia Britannica was. I loved that series, I used to sit in the school library just reading volumes.
    Question I have – we have no children and we are starting a regenerative farm. We are incredibly lucky to live an hour from Polyface/Joel Salatin and I have learned so much. How would you suggest looking at building wealth when we have no family who would be interested in taking over? We are working to improve our community through our farm and I do volunteering too for the local community. But the big question I have is how to figure out who we would leave the farm and the investment to, with no children or relations who are interested?
    Also I am paying down the mortgage we have faster by putting more in each month, but its still a long way to go until its paid off.

    1. Is there a way to start bringing in young people who want to work their way up to taking over some day? Lots of young people interested but they can not afford the land. Will you be at Rogue Food at Polyface. Would be a good time to discuss in person. If you have not checked out https://wwoof.net/ you might want to see if it is of interest.

      1. When my adult daughter was in college, she participated in this wonderful program and became a WWOOFer. I hope Pip Oates is able to have their farm as a part of this excellent program. The people at the farms are people of excellence in our experience.

  6. Which author of Investing For Dummy books am I looking for? And which four titles if he’s written more than four?
    Thank you Catherine and Friends. Will be listening more than once as there is a lot of good information in here.

  7. Staying aware is the most important part of active self protection.

    One of the best YouTube channels I’ve ever watched on how to keep your head on a swivel and protect yourself with real world examples for the regular person.

    Do you lock your car doors every time you get in? Especially those of us with the older cars?

    Have you ever thought of backing into your driveway as a means of keeping yourself safe?

    Many more ideas are found in the YouTube videos. All free. Enjoy? and keep your sense of humor. ?

    About

    Every single day we post a real defensive encounter caught on camera and perform an after-action report on it for lessons learned.

    We educate the public on what we see that works and what we see that doesn’t in real robberies, muggings, carjackings, and other defensive situations.

    Our approach is evidence-based, meaning we try hard not to have a pre-set dogma but to go where the actual evidence leads towards more positive outcomes for good people.

    Active Self Protection trains people in armed and unarmed self-defense.

    Our motto: cover your ASP! (that means your Attitude, Skills, and Plan)

    Links

    Check out our website:
    activeselfprotection.com

    Channel details
    http://www.youtube.com/@ActiveSelfProtection

    I watch YouTube on brave browser so none of the annoying commercials come up.

  9. Excellent discussion! Must continue saying to myself daily- I can choose a free and inspired life by setting vision, daily taking action steps, turtle-ing forth, and keeping to my time budget!

    Yahoo!!!

  12. Thank you so much for another invaluable discussion. I am looking for a wealth advisor or money manager for value investing in the US. Any recommendation for who to interview is much appreciated.

  13. Great discussion. You can clearly hear the regard you have for one another. Love it!

    Around minute 2:18:00, on the topic of giving:

    1. Ever since I learned of the illegal Wisconsin “John Doe” investigations, I stopped claiming my charitable donations on my tax returns. It’s really none of the gov’s business who I give my money to, and I prefer not to be profiled for whatever reason. I use money orders to donate.
    1. As a Christian, I do now consider my donations to info-type orgs/substacks/outfits to be a part of my giving/tithing, if their info helps people thrive. Carolyn put it well, they’re “contributing to the health and welfare of the people around us.”

    Again, ya’ll are great. Thanks for what you do. Grateful for the Solari community!

  14. FYI For those with an Audible subscription, James Hughes book audio version is available as one of their no credit required free books.

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