{"id":1442885,"date":"2023-12-08T15:20:00","date_gmt":"2023-12-08T20:20:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1442885"},"modified":"2023-12-08T15:20:00","modified_gmt":"2023-12-08T20:20:00","slug":"the-american-dream-isnt-dead-10-steps-to-achieve-it","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/the-american-dream-isnt-dead-10-steps-to-achieve-it\/1442885\/","title":{"rendered":"The “American Dream” Isn’t Dead – 10 Steps To Achieve It"},"content":{"rendered":"

The “American Dream” Isn’t Dead – 10 Steps To Achieve It<\/span><\/p>\n

\n

Authored by Lance Roberts via RealInvestmentAdvice.com,<\/em><\/a><\/p>\n

The\u00a0\u201cAmerican Dream\u201d<\/em>\u00a0is dead.<\/p>\n

It would certainly seem to be the case if you believe surveys like\u00a0Gallup<\/em><\/a>\u00a0that showed nearly 50% of the younger generation favor socialism over capitalism. To wit:<\/p>\n

\u201cSince 2010, young adults\u2019 positive ratings of socialism have hovered near 50%, while the rate has been consistently near 34% for Gen Xers and near 30% for baby boomers\/traditionalists.\u201d<\/em><\/p>\n

<\/a><\/p>\n

Or, a more recent\u00a0WSJ poll<\/em><\/a>\u00a0conducted by the NORC at the University of Chicago found that only 36% of Americans still believe in the\u00a0\u201cAmerican Dream.\u201d<\/em><\/p>\n

<\/a><\/p>\n

But such a dire sentiment should be surprising given the increasing disparity between socio-economic classes. The recent struggles with the pandemic-era driven shutdown, then rising inflation, and spiraling housing costs are certainly reasons that many would believe the\u00a0\u201cAmerican Dream\u201d<\/em>\u00a0is dead.<\/p>\n

However, the pessimism about capitalism in the U.S. has been brewing since the\u00a0\u201cFinancial Crisis.\u201d<\/em>\u00a0Its early forms started with\u00a0\u201cOccupy Wall Street\u201d<\/em>\u00a0following the subprime crisis and continued growing as political divisions deepened. The rise of civil unrest has deeper roots, as noted by\u00a0Pew Research<\/em><\/a>\u00a0in 2017:<\/p>\n

\u201cThe U.S. economy is in much better shape now than it was in the aftermath of the Great Recession\u2026But by some measures, the country faces serious economic challenges:\u00a0<\/em>A steady hollowing of the middle class and income inequality reached its highest point since 1928.\u201d<\/em><\/strong><\/p>\n

If you look at the faces of those pushing back, they are of every race, religion, and creed. Their commonality is they are the demographic most impacted by job losses, income destruction, financial disparity, and debt. That inequality gained enormous traction following the Federal Reserve\u2019s repeated bailouts of the financial system. Today, the top 10% of income earners own roughly 88% of financial assets.<\/p>\n

<\/a><\/p>\n

More notably, total household net worth has only marginally increased for the bottom 50% of Americans since the turn of the century.<\/p>\n

<\/a><\/p>\n

As the\u00a0\u201crich\u201d<\/em>\u00a0got richer, the masses noticed their economic prospects failed to improve. It should be of no surprise that those most disenfranchised eventually started to push back, demanding more support from the Government.<\/p>\n

However, what the media proclaims to be the\u00a0\u201cAmerican Dream\u201d<\/em>\u00a0and what is in\u00a0\u201creality\u201d<\/em>\u00a0are two very different things.<\/p>\n

What The American Dream Is And Isn\u2019t<\/strong><\/h2>\n

The media disparages the\u00a0\u201cAmerican Dream\u201d\u00a0<\/em>based on the ability to buy a home, minimum wages, or healthcare costs.<\/p>\n

This is entirely wrong.<\/p>\n

The\u00a0\u201cAmerican Dream\u201d<\/em>\u00a0is the idea that the Government should protect each person\u2019s opportunity to pursue their vision of happiness.<\/strong>\u00a0It is the\u00a0dream of opportunity, the dream of freedom, and the dream of liberty.<\/p>\n

That dream was penned in the\u00a0Declaration Of Independence:<\/em><\/p>\n

\u201cWe hold these truths to be self- evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are\u00a0Life, Liberty and the pursuit of Happiness.\u201d<\/strong><\/em><\/p>\n

The founders of this nation\u00a0NEVER<\/strong>\u00a0penned that American citizens\u00a0had the RIGHT to a house, free health care, or government welfare.<\/strong><\/p>\n

As Kimberly Amadeo previously\u00a0penned:<\/a><\/p>\n

\u201cThe Founding Fathers put into law the revolutionary idea\u00a0that each person\u2019s desire to pursue happiness was not just self-indulgence. It was a part of what drives ambition and creativity.<\/strong>\u00a0By legally protecting these values, the Founding Fathers set up a society that was very attractive for those aspiring to a better life.\u201d<\/em><\/p>\n

Or, as James Truslow Adams quoted in his book \u201cEpic Of America:\u201d<\/em><\/p>\n

\u201cThe American Dream is that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement.\u00a0The American Dream is NOT a\u00a0dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position.\u201d<\/strong><\/em><\/p>\n

So, precisely what is the\u00a0\u201cAmerican dream?\u201d<\/em><\/p>\n

It\u2019s Up To You<\/strong><\/h2>\n

The\u00a0\u201cAmerican dream\u201d<\/em>\u00a0is about the opportunity to achieve a result, not the result itself. Many of the younger generation today feel as if the ability to achieve success is out of reach. According to a 2020\u00a0YouGov<\/a>\u00a0poll:<\/p>\n

\u201cA poll of more than 14,000\u00a0people\u00a0finds that just over half (54%)\u00a0of US adults\u00a0think the American Dream is attainable for them.\u00a0About 3-in-10 (28%) believe\u00a0it\u2019s unattainable for them personally, while 9 percent reject the idea of the American Dream entirely.\u201d<\/strong><\/em><\/p>\n

The American dream was never about being granted a high salary, given an opportunity, or gifted wealth.<\/p>\n

However, we were given the\u00a0\u201cfreedom\u201d<\/em>\u00a0to start with nothing and, by sheer\u00a0\u201cwill,\u201d<\/em>\u00a0create success. For example:<\/p>\n

Jan Koum, CEO and Founder Of WhatsApp, once lived on food stamps.<\/em><\/p>\n

Kenny Troutt, the founder of Excel Communications, paid his way through college selling life insurance.<\/em><\/p>\n

Howard Schultz grew up in a housing complex for the poor.<\/em><\/p>\n

Investor Ken Langone\u2019s parents worked as plumbers and cafeteria workers.<\/em><\/p>\n

Oprah Winfrey was born into poverty.<\/em><\/p>\n

Billionaire Shahid Kahn washed dishes for $1.20 an hour.<\/em><\/p>\n

Kirk\u00a0Kerkorian dropped out of school in the 8th grade to be a boxer.<\/em><\/p>\n

John Paul DeJoria, the founder of Paul Mitchell, once lived in a foster home and out of his car.<\/em><\/p>\n

Do Won Chang, founder of Forever 21, worked as a janitor and a gas station attendant when he first moved to America.<\/em><\/p>\n

Ralph Lauren was a clerk at Brooks Brothers.<\/em><\/p>\n

Francois Pinault quit high school in 1974 after being bullied because he was so poor.\u00a0<\/em><\/p>\n

There are millions more like them. The only difference between them and those complaining about the\u00a0\u201cAmerican Dream\u201d<\/em>\u00a0is they had the drive to work, the willingness to sacrifice, and the courage to reach for it.<\/p>\n

Capitalism Is Not Perfect<\/strong><\/h2>\n

One thing is for sure. Capitalism is not perfect.<\/p>\n

\u201c<\/strong><\/em>Capitalism is an imperfect economic system, because differential performance in the pursuit of economic success, as well as luck, results in there being (a) some people who are less successful as well as some who are more and (b) a few who are glaringly successful.\u2019<\/em><\/strong><\/p>\n

Obviously, I\u2019m someone who has profited from capitalism, so my views could be dismissed as hopelessly biased.<\/em><\/p>\n

However,\u00a0I\u2019m 100% convinced that the capitalist system has produced the most aggregate gains for our society, exceptional overall progress, and a better life for most.<\/strong>\u00a0 For me, the best assessment of capitalism is the one Winston Churchill applied to democracy:<\/em><\/p>\n

No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of Government except all those other forms that have been tried from time to time.<\/em><\/p>\n

In the same way, I\u2019m convinced that capitalism is the worst economic system; except for all the rest.\u201d<\/strong><\/em>\u00a0\u2013\u00a0Howard Marks<\/em><\/p>\n

Due to 50 years of debt, deficits, and ongoing interventions in the financial system, there is a visible gap between the\u00a0\u201crich\u201d<\/em>\u00a0and everyone else.\u00a0However, that is not a failure of\u00a0\u201ccapitalism;\u201d\u00a0<\/em>it is the\u00a0byproduct of \u201ccorporatism.\u201d<\/em><\/a><\/strong><\/p>\n

<\/a><\/p>\n

Capitalism is the only system that will allow you to achieve unbridled success.<\/p>\n

Yes, the Government can pay for anything you want.\u00a0We tried that in 2020.\u00a0<\/em><\/strong><\/a>The result was a massive spike in inflation, ultimately putting those receiving the benefits in a worse financial condition.<\/p>\n

The other problem with \u201cfree money\u201d is that requires those who are succeeding to pay for it.<\/p>\n

Think about it.<\/p>\n

Do you want to work hard, sacrifice, and take on an exceeding amount of risk to achieve success, only to pay for those who don\u2019t?<\/strong><\/p>\n

Such is why socialism always fails.<\/p>\n

\u201cThe greater good can only be achieved by making the good greater.\u201d<\/em>\u00a0\u2013<\/strong>\u00a0Daniel LaCalle<\/p>\n

10-Steps To Achieve Your \u201cAmerican Dream.\u201d<\/strong><\/h2>\n

Let me clarify the issue for you.<\/p>\n

\u201cThe \u2018American Dream\u2019 isn\u2019t going into debt to buy a home.\u00a0The \u2018American Dream\u2019 is the ability for ANY person, regardless of race, religion, or means, to achieve success, and in many cases great success, through hard work, dedication, determination, and sacrifice.<\/strong>\u201c<\/em><\/p>\n

In other words, anyone can\u00a0succeed through hard work, dedication, determination, and sacrifice.<\/p>\n

I know. It sounds hard. And it is.<\/p>\n

Those who achieve success aren\u2019t whiners and don\u2019t blame others for their failings.\u00a0<\/p>\n

They DO SOMETHING about it.\u00a0<\/strong><\/p>\n

The difference between success and failure is the\u00a0\u201cwill to keep going.\u201d<\/em><\/p>\n

Therefore:<\/p>\n

Be accountable for your current situation.<\/strong>\u00a0Blaming others only keeps you from taking steps to fix it.<\/em><\/p>\n

Your life depends on it, literally.<\/strong>\u00a0If you don\u2019t take control of your life, it will take control of you.\u00a0<\/em><\/p>\n

Control your circumstances.<\/strong>\u00a0Put yourself in a position to control what happens around you.\u00a0<\/em><\/p>\n

You have to REALLY want it.<\/strong>\u00a0If you aren\u2019t committed, you are going to fail.<\/em><\/p>\n

Be bold.<\/strong>\u00a0No one will take you seriously unless you take yourself seriously first.<\/em><\/p>\n

Find a guide.<\/strong>\u00a0In business, find a mentor to guide you through the wilderness.\u00a0<\/em><\/p>\n

Are you a \u201crenter\u201d or an \u201cowner?\u201d\u00a0<\/strong>\u201cRenters\u201d can walk away without consequence. \u201cOwners\u201d have too much at stake to lose. Be willing to commit to everything.\u00a0If you have no choice BUT to succeed\u2026you will.<\/strong><\/em><\/p>\n

Be willing to work.<\/strong>\u00a0Success is not a weekday 9-5 job. It is a 24-7 adventure that will consume your life. If you aren\u2019t willing to \u201cdo the time,\u201d don\u2019t start.\u00a0<\/em><\/p>\n

You probably need to get rid of your current friends.<\/strong>\u00a0If you want to know where\u00a0you will be in 5 years, look at who you surround yourself with today.\u00a0Successful people surround themselves with successful people.\u00a0<\/em><\/p>\n

Get off of social media.\u00a0<\/strong>If you want to succeed, get out into the real world and find the opportunities overlooked by others.<\/em><\/p>\n

The\u00a0\u201cAmerican Dream\u201d<\/em>\u00a0isn\u2019t dead, at least not yet.<\/p>\n

But you must decide to take the first step.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 12\/08\/2023 – 10:20<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/markets\/american-dream-isnt-dead-10-steps-achieve-it<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The “American Dream” Isn’t Dead – 10 Steps To Achieve It Authored by Lance Roberts via RealInvestmentAdvice.com, The\u00a0\u201cAmerican Dream\u201d\u00a0is dead. It would certainly seem to…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1442885","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-63ml","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1442885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1442885"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1442885\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1442885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1442885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1442885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}