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Financial Lessons from Ayn Rand

Core Facts


Saturday, February 2, 2019

The 2nd of February is the birthday of Ayn Rand. She is the author of the 1957 classic novel, "Atlas Shrugged," and a champion of capitalism. When she was young, she survived the Russian Revolution and was fiercely anti-communist in her outlook.

After she fled to the United States of America, the land of the free, she changed her name to Ayn Rand, and she went on to write a series of successful novels. She would later say about the US “The United States of America is the greatest, the noblest, and in its original founding principles, the only moral country in the history of the world.”

It was in her second book, “Atlas Shrugged,” where she fully defined what would become the four tenets of her philosophy which she named objectivism. They were reality, reason, self-interest, and capitalism.

Obviously, capitalism is something that Americans hold dear to their hearts, and she believed that the businessman and the inventor had released mankind from the terrible shackles of the past. She also knew that we as humans were better off because of people discovering new medicines and technology.

In 2019 that is truer than ever. Americans are living longer than ever before and advances in medicine and healthcare, as well as medical research, mean we will be living far longer than any population on the planet in human history. We can video call someone for free via an app on our phones from pretty much anywhere in the world to anyone, anywhere.

There is no excuse to not go out and make something of yourself in this day and age. There are more opportunities to create and build upon than ever before and more and more potential customers for you to access via new media channels and technology advances.

Learn to value yourself, which means: fight for your happiness.” Ayn Rand 

Make sure you know what you want in life. Figure out what is important to you. It may be that you want a big house and a nice car. You may want to be able to take care of your family and make sure they have the best life possible. It might be a goal to retire early and enjoy traveling with your partner. No matter what it is that you really want, figure out a way to get there.

IMPORTANT DISCLOSURES

Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC

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Author: Sally Falkow

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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Lawrenceville, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website: www.davidlerner.com

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Jake Mendlinger
Account Manager
Zimmerman/Edelson
516.829.8374 X 232
jmendlinger@zimmed.com

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