Excerpted from The Business of Family: How to Stay Rich for Generations by Linda Davis Taylor Though this is easier said than done, the numbers don't lie. Over 30 years from 1983 to 2013, the Standard & Poor's 500 Index achieved an annual return of 11.1 percent, while investors in equity mutual funds earned only 3.69 percent. For a $10,000 investment, this gap amounted … [Read more...]
Why Rich Stay Rich, and the Poor Stay Poor
The following is a guest post. If interested in submitting a guest post, please read my guest posting policy and then contact me. Everyone wants to be rich, but not many are. Why do so few people have real wealth? Certainly, there must be some fundamental differences between the rich and the poor that can account for the differing levels of success. Rich people often … [Read more...]
Partying Philosophy 101: Why You Shouldn’t Be Generous, Even If You’re Filthy Rich
The following is a guest post. Alden Tan is a rock star blogger who quit his job to follow his dream to be a writer. He blogs about inspiration, and has the uncanny ability to not care about what others think. You have tons of money, and without a care in the world, you're always ready to spend a bucket load on your friends. I mean, who doesn't like free stuff? Surely … [Read more...]
