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00547 [The real risk is not a downturn; only asset allocation that passes stress tests can survive.]00548 [Why can QQQI dividends feel stable and reassuring? The key is asset allocation and managing human nature, not the payout itself.]00549 [Investing is about choosing a system, not a ticker: non-U.S. tax residents should avoid U.S. accounts, stop worshiping bargain hunting, and young investors should avoid high dividends.]00550 [Not everyone is suited to getting rich with borrowed money; temperament matters more than returns.]00551 [Three fatal problems with Pre-Tax IRA accounts: RMD, high tax rates, and double taxation.]00552 [The fatal risks you may not know: without this, investing is hollow; taxes, inheritance, and misallocation.]00553 [How to use a QQQI + 433 allocation to build retirement cash flow with assets equal to 15 times annual expenses.]00554 [Born into capitalism: people trapped in the maze, and people with a map.]00555 [From worker to capitalist: boarding the ark of capitalism.]00556 [Why not repay stock-backed loans? The larger your assets, the more money you can use each year.]00557 [If the market falls 80%, can you still hold on? The key is asset allocation.]00558 [Investing is not trading; it is risk management: upgrading your cycle thinking.]00559 [The essence of dollar hegemony; when retirement savings are insufficient, how can you build stable cash flow for retirement?]00560 [You are not losing to the market; you are losing to your emotions: the truth about retail investing.]00561 [The market is not hard; the problem is human nature: the harsh truth about investment cycles.]00562 [Buy whenever you have money and never sell: why most people cannot get back in once they sell.]00563 [There is no standard answer in investing: from change to awakening, find your own path in life.]00564 [The greatest risk in life is not volatility, but living your whole life without assets.]00565 [Waiting is the dumbest investment strategy. You are not a god; buy at the market price now.]00566 [What makes PAL powerful: if you can avoid repaying the debt, do not repay it, so assets can pass from generation to generation.]00567 [Wealth is a gift: QQQ will eventually reach one thousand, ten thousand, and even one million.]00568 [Those who can change themselves are extraordinary; those who try to change others are deluded: after financial freedom, stop trading your life for trash.]00569 [Once you have assets worth 15 times annual expenses, stop selling your life for money; the broom of a Tibetan monk woke up countless lives.]00570 [Investing can make you wealthy, but relationships are what truly determine whether you are happy.]00571 [The truth about financial freedom: early retirement does not come from pinching pennies. In the AI boom, you need a Han Xin troop-counting starter-capital strategy.]00572 [The Investor's Declaration of Financial Independence]00573 [Only One Thing Truly Made Me Wealthy: Buy, Hold, and Never Sell!]00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!]00575 [What Truly Teaches You Is Not the Result, but the Process!]00576 [Waiting Is Not a Strategy; Buying and Holding for the Long Term Is the True Path to Investing!]00577 [It Is Not Too Late to Invest in Your Sixties or Seventies: From 17 Times Annual Expenses and Pre-Retirement Credit Loans to QQQI Asset Allocation]00578 [In Education, Parents Shape Their Children by Example; In Investing, Why Do We Not Follow Buffett?]00579 [Children Become Adults, Parents Become Children: On Retirement Withdrawals, Slow Breathing, and the Rising Taiwan Dollar]00580 [Nvidia's Strong Earnings: Do Not Get Off the QQQ Train Too Easily—A Full Analysis of Retirement Allocation and the Investor Mindset]00581 [Do Not Blindly Trust AI or Neglect Your Partner: Give Yourself a Break and Rediscover Happiness and Freedom]00582 [Borrow Early to Get Ahead? Use Low-Interest Capital to Build Wealth While Young]00583 [Why Are You Still Afraid to Retire When You Have Enough Money? Think Through Life After Financial Freedom]
2026 Files
Hundred-Million Investment Life Lecture
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Presentations2026

00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!]

00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!]

00574 [Consumption Is the Mother of the Economy; Spending by the Wealthy Is a Virtue!] cover
Number: 00574
Published: 2026-07-18
Pages: 35
Source filename: 00574【消費才是經濟之母，有錢人消費是道德！】日期：2026年7月18日簡報資料.pdf
Original file: Open file

Related Materials

  • Previous presentation: 00573 [Only One Thing Truly Made Me Wealthy: Buy, Hold, and Never Sell!]

Document Text

Over the long term, the market only rises

Clubhouse, Easy Talk on Investing

CLEC (California Life Enrichment Club) Investment and Wealth Management Channel

July 18, 2026

X Platform, Video No. 00574

Investable money: buy immediately at the market price, and never sell! Once you have bought, go to sleep

Investable money: buy immediately at the market price, and never sell! Once you have bought, go to sleep.

Which word do you not understand?

Stop asking whether it is all right to buy this way or whether to buy in batches.

And do not say that you want to wait for a decline before buying. You are not God!

Waiting is the dumbest strategy!

Cancel and surrender every insurance policy immediately, and invest the money yourself

  • Cancel and surrender every insurance policy immediately, and invest the money yourself. Your assets will grow by four zeros over your lifetime. You take back 100,000 and it will become one billion over a lifetime! You can grow it into one billion or tens of billions yourself. Why let it rot at an insurance company?

  • Stop asking about policy loans! Do not borrow against an insurance policy. Doing so makes poverty even worse!

  • No insurance, no insurance, no insurance! Stay away from insurance and from friends who work as insurance brokers.

  • If you have insurance, immediately go to a nearby service counter and cancel it. There is no need to become entangled with your insurance broker!

You do not need to know much about investing; do not ask the following

  • Do not ask about individual stocks. Do not ask about other instruments I have not mentioned.

  • Do not ask when to buy. Do not ask when to sell.

  • Do not ask when the market will fall. Do not ask when it will rise.

  • Do not ask whether it will keep falling or how far it will fall.

  • Do not ask whether it will keep rising or how far it will rise.

  • Investing is not better because you understand more. If you have money, buy and never sell. That is the key point.

Split into two folders, "Presentation Handouts" and "Teaching Materials"

  • The files are split into two folders, "Presentation Handouts" and "Teaching Materials". View and download access is currently open to students who have the link:

  • https://u.pcloud.link/publink/show?code=Mx3italK

  • This short URL leads to the same location: http://u.pc.cd/Mx3italK

  • "Presentation Handouts" short link: https://pse.is/9cal8k

  • "Presentation Handouts" long link: https://u.pcloud.link/publink/show?code=kZHbTr5ZoHoc9XwCqkXalpr17rjG2keBGvBX

  • "Teaching Materials" short link: https://pse.is/9cal8x

  • "Teaching Materials" long link: https://u.pcloud.link/publink/show?code=kZQbTr5ZE2GWjjajXERLzYfWVMTIPQccDmRy

  • No registration is required. Friends in mainland China can download normally as well.

00574 Figure 17-1: pCloud 'Teaching Materials' folder listing

Leave questions on X or Facebook

  • If you have questions, leave a comment on X or Facebook, or email me at [email protected].

Market volatility has nothing to do with me

  • Market volatility has nothing to do with me!

  • International affairs have nothing to do with me!

  • Market analysis has nothing to do with me!

  • Financial statements have nothing to do with me!

  • The economic situation has nothing to do with me! Stay at ease.

  • Everything has nothing to do with me!

  • Ignore the market's noise and fluctuations!

00574 Figure 7-1: Market volatility has nothing to do with me; stay at ease

Disclaimer

Since July 2023, we have begun the process of canceling the company registration and nonprofit organization of "CLEC Education Academy" and have changed every name to "CLEC Investment and Wealth Management Channel," formerly "CLEC Investment and Wealth Management Education Academy." We will still use CLEC. Please remember that unless it is James Chen himself, it has nothing to do with us. Do not be deceived.

Our videos and related content are for educational purposes only and involve no profit-making activity. We do not have any discussion groups or clubs. If someone invites you to join one, beware of scams.

For more than twenty years, we have remained committed to volunteer teaching and have never profited from it. Do not believe any paid investment advice. Although ads may appear on YouTube videos, we cannot control them and do not profit from them.

All information we provide is only a sharing of personal experience and is not advice from a professional Certified Financial Advisor or Planner. Investment decisions should be based on personal research and should not rely solely on video content.

Investing is high risk and may cause substantial losses. If you cannot tolerate a loss of more than 10% in the short term or a decline of more than 20% over several years, you are advised not to invest. Protect your cash flow and fully understand our investment philosophy before acting. Invest cautiously; you are responsible for every decision.

Investors are always extremely optimistic

Investors are always extremely optimistic!

Investors always face the sunshine!

The market will ultimately rise!

Investing requires patience!

Wealth is worth waiting for!

Subscribe, comment, press Like, repost, and share

Subscribe, comment, press Like, repost, and share.

Remember to give five stars on Apple Podcasts.

Subscribe to receive immediate market information.

The market keeps rising forever; it only rises and never falls

The market keeps rising forever; it only rises and never falls.

Beware of This Clubhouse Scammer

This ID is a scam. The person changes IDs frequently.

00574 Figure 12-1: Clubhouse scam account @powerwilliam00574 Figure 12-2: Correct Clubhouse account @clecchairman00574 Figure 12-3: Clubhouse scam sub-account

Beware of This Clubhouse Scammer

This is a new scam account. The ID is a scam, and the person changes IDs frequently.

00574 Figure 13-1: Clubhouse scam account @powerwilliam00574 Figure 13-2: Correct Clubhouse account @clecchairman00574 Figure 13-3: New Clubhouse scam account

This is a scam; everyone must be careful

This is a scam; everyone must be careful. I will not contact you directly unless you come to me with a question. Remember that my correct Clubhouse ID is @clecchairman.

00574 Figure 14-1: WhatsApp impersonation scam chat 00574 Figure 14-2: WhatsApp impersonation scam chat 00574 Figure 15-1: X platform scam reply 00574 Figure 15-2: X platform scam account warning; our channel has the blue check 00574 Figure 16-1: X platform fake account @euvech

Click the link below to watch the latest videos on clec168.com

  • Click the link below to watch the latest videos on clec168.com.

  • https://clec168.com/video

CLEC Investment and Wealth Management (choose your language at the top right)

  • CLEC Investment and Wealth Management (choose your language at the top right): https://clec168.com

  • If you run into problems with the website or have suggestions about it, you can contact the webmaster through this email.

00574 Figure 19-1: The clec168.com homepage 00574 Figure 19-2: The clec168.com page menu and webmaster email 00574 Figure 20-1: The page for supporting the website's upkeep

Please share the following material with everyone

  • Please share the following material with everyone, and you may share it with friends too. It was made by Fraser, [email protected]: "Teacher, I used Claude to vibe-code an LLM Wiki. Because I am only on the 20-dollar plan, it is still being built slowly. Here is a preview." If you find any problems, you can contact Fraser directly!

  • clec.md · an AI-native knowledge base about investing, personal finance, and life (with an English language toggle): https://fraserlai.github.io/clec-md/

The X account of "Investment Translator"

  • The X account of "Investment Translator." Everyone is encouraged to follow good creator platforms: x.com/fyinvesttalk
00574 Figure 22-1: The X profile of Investment Translator @FYInvestTalk

Turn the video URL into a QR code for others to scan

Having heard the questions classmates shared, to help others understand CLEC-related material, perhaps the video URL can be turned into a QR code so that others who want to know about the CLEC platform can scan it directly to reach the video URL. Thank you.

00574 Figure 24-1: QR code for the CLEC channel on X (Twitter) 00574 Figure 25-1: CLEC168 QR code

Origins and Today: James's Historical Self-Account

  • Origins and Today: James's Historical Self-Account: https://x.com/clec168/status/2078296602352013594

  • pCloud folder link: https://u.pcloud.link/publink/show?code=kZgsOr5ZgO5GUAPIq0S2mLkkaBbC254UjHj7

00574 Figure 26-1: 'Origins and Today: James's historical self-account' collage

Chengfeng Life Navigation Fleet "The Wisdom of CLEC - Audiobook"

  • Edited by Blaise.

  • It is an ultimate hands-on guide dedicated to "eliminating poverty among Chinese people." This book gathers the investment wisdom accumulated over Teacher James's forty years and, through editor Blaise, systematizes the essence scattered across hundreds of videos.

  • This system aims to lead the public to see through the underlying logic of capital markets, moving from the mindset of a toiling "laborer (tenant farmer)" to the realm of a "capitalist (landlord)" who holds the options. Through disciplined index investing (such as the Nasdaq-100 index), scientific asset allocation, and strict cash-flow risk control, it teaches ordinary people how to build a long-term compounding system.

  • It is not just a set of financial tools but also a revolution of the mind, helping you build a moat against human fear, ultimately reclaim autonomy over your life, and realize the ultimate meaning that "wealth is a gift and happiness is a human right."

Video and audiobook production: Captain Chengfeng

  • YouTube: https://www.youtube.com/playlist?list=PLMMxZ2iJw5FU

  • YouTube Podcast: https://www.youtube.com/playlist?list=PLJCKpNh7dmbE

  • Spotify Podcast: https://open.spotify.com/show/033Rvk2PJb1M66tGy5NxDY

  • Apple Podcast: https://podcasts.apple.com/us/podcast/id6792268813

Manufacturing provides jobs, but consumption is the locomotive that pulls the economy

  • Manufacturing provides jobs but cannot drive the overall development of the economy, and manufacturing that is too homogeneous only creates an involuted economy! Manufacturing and consumption are two sides of the same economic body: manufacturing is the base, but consumption is the locomotive that pulls it forward! Manufacturing is the fuel of the economic rocket, and consumption is the rocket's ignition system; without consumption, the rocket cannot lift off!

  • Consumption is the mother of the economy. Only with consumption can manufacturing possibly profit, and only when consumption is sufficient does manufacturing have meaning!

  • Just as savings cannot drive economic development and only create idle surplus funds at banks, only borrowing can drive economic development!

  • If you only manufacture and do not consume, it is bad for the country and the world. Import products from all over the world and consume products from all over the world; when the whole world's manufacturing is consumed, the whole world can in turn afford to consume the country's own manufacturing, and domestic products can be sold and sold at good value.

  • Therefore, encouraging consumption is very important for the economy. Consumption is the locomotive that drives economic development and human progress!

  • Spending by the wealthy is a virtue!

God can make "long-term investors who act rich!"

  • God can make "long-term investors act to become rich!"

  • God cannot make "short-term gamblers avoid bankruptcy!"

Buy the Nasdaq-100 index fund and you obtain a ten-billion lottery ticket!

  • Buy the Nasdaq-100 index fund and you obtain a ten-billion lottery ticket!

  • Sell the Nasdaq-100 index fund and you throw away a ten-billion lottery ticket!

If you do not believe the market can fall 80%, you are too young!

  • If you do not believe the market can fall 80%, you are too young!

  • If the market falls 80% and you can still survive, then you have it right!

  • If you do not have enough cash-flow preparation, bankruptcy is right in front of you!

  • Only with enough cash flow will you not be forced to sell when the market falls!

Just be happy at work; being with your children matters more than money

  • Just be happy at work; being with your children matters more than money. It is now certain that we will never use up our money in this lifetime!

  • We should focus on what money cannot buy, and on time, and on the things that cannot be bought back once time has passed!

The market rises every day; it is wonderful and joyful

The market rises every day; it is wonderful and joyful.

🍂🌷🌹🌸🌼🌺🌻

❤️

CLEC Investment and Wealth Management Channel published the "Ten-Billion-Dollar Investment Lecture" on X

  • 00694, 2026 Investment First Lesson, "Ten-Billion-Dollar Investment Lecture," Chapter One, May 5, 2026.

  • https://x.com/CLEC168/status/2071329516484796535/video/1?s=66

  • 00695, 2026 Investment First Lesson, "Ten-Billion-Dollar Investment Lecture," Chapter Two, May 6, 2026.

  • https://x.com/CLEC168/status/2071585253316313318/video/1?s=66

  • 00696, 2026 Investment First Lesson, "Ten-Billion-Dollar Investment Lecture," Chapter Three, May 7, 2026.

  • https://x.com/CLEC168/status/2071585566735700473/video/1?s=66

00573 [Only One Thing Truly Made Me Wealthy: Buy, Hold, and Never Sell!]

00573 [Only One Thing Truly Made Me Wealthy: Buy, Hold, and Never Sell!]

00575 [What Truly Teaches You Is Not the Result, but the Process!]

00575 [What Truly Teaches You Is Not the Result, but the Process!]

Table of Contents

Related MaterialsDocument TextOver the long term, the market only risesInvestable money: buy immediately at the market price, and never sell! Once you have bought, go to sleepCancel and surrender every insurance policy immediately, and invest the money yourselfYou do not need to know much about investing; do not ask the followingSplit into two folders, "Presentation Handouts" and "Teaching Materials"Leave questions on X or FacebookMarket volatility has nothing to do with meInvestors are always extremely optimisticSubscribe, comment, press Like, repost, and shareThe market keeps rising forever; it only rises and never fallsThis is a scam; everyone must be carefulClick the link below to watch the latest videos on clec168.comCLEC Investment and Wealth Management (choose your language at the top right)Please share the following material with everyoneThe X account of "Investment Translator"Turn the video URL into a QR code for others to scanOrigins and Today: James's Historical Self-AccountChengfeng Life Navigation Fleet "The Wisdom of CLEC - Audiobook"Video and audiobook production: Captain ChengfengManufacturing provides jobs, but consumption is the locomotive that pulls the economyGod can make "long-term investors who act rich!"Buy the Nasdaq-100 index fund and you obtain a ten-billion lottery ticket!If you do not believe the market can fall 80%, you are too young!Just be happy at work; being with your children matters more than moneyThe market rises every day; it is wonderful and joyfulCLEC Investment and Wealth Management Channel published the "Ten-Billion-Dollar Investment Lecture" on X