Making millions of dollars is not easy. But perhaps what's even harder to do is maintaining that wealth - which is especially hard if you want to keep it in the family. Similar to diets and lifestyle choices, different people will handle their money differently. One of the biggest challenges for the wealthy is keeping the money to benefit their potential … [Read more...]
wealth
What Does It Take to Be Wealthy in America?
What does it mean to be wealthy to you? For many Americans, it can mean being able to leading a life that is stress free, while having “peace of mind”. Sounds pretty good, right? On the surface, that doesn’t sound too much like money is the focus. However, it could also be said that that same money, or perhaps, a lack of it, can lead to a certain stress factor.According … [Read more...]
Investing – One Gear in Your Financial Machine
Recently I shared about the 7 Gears of Wealth and focused on the first gear; which is cash flow. There is an old saying among investors that says, “Happiness is a positive cash flow”. If you missed the article, click here to view.The second gear of wealth is investing. In its simplest form an investment is a place to put money where the money can grow, lose value, or … [Read more...]
When It Comes to Investing, Debt Isn’t a Bad Four Letter Word
People often think about debt as a bad thing. When you mention to someone that you have debt they look at you as if you just said a bad four letter word. In some cases debt is a bad four letter word but in the right circumstances debt it can actually be a good thing. What many people don't realize is that when used properly debt can substantially increase your net worth. The … [Read more...]
The Richest 1 Percent Owns Half of World’s Wealth
A new world’s wealth report released by Credit Suisse Financial Group claims that for the first time in history, the top 1% of the world’s richest now owns 50% of all the wealth. This means the most privileged 1% has more financial assets than the remaining 99% combined. In this report wealth is defined as the value of net assets including property, businesses, and stock market … [Read more...]
