Mr. Denzi can teach us all something about accumulating wealth. Begin earning and investing early in your adult life. That will enable you to outpace the wealth accumulation levels of even the so-call...
Most people who become millionaires have confidence in their own abilities. They do not spend time worrying about whether or not their parents were wealthy. They do not believe that one must be born w...
It is unfortunate that some people judge others by their choice in foods, beverages, suits, watches, motor vehicles, and such. To them, superior people have excellent tastes in consumer goods. But it...
I found that the typical millionaire had more than 30 percent of his wealth invested in publicly traded stocks. More often it is in the low-to-mid-20-percent range.
How can well-educated, high-income people be so naive about money? Because being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and...
FEARS AND WORRIES What do you spend time worrying about? Are your concerns congruent with wealth accumulation? Or do you spend time thinking about issues that are impe...
$90,000, she’s worth more than twenty times that amount. And she is in control of her household’s domestic spending. Robert and Judy, on the other hand, are frightened. And they should be. This couple...
Our youth are told that buying expensive items is normal behavior for affluent people. They are led to believe that the wealthy have a high-consumption lifestyle. They learn that hyperspending is the...
Your test scores are inferior, therefore you’re inferior, and the result is yet one more economic dropout. Instead, tell a youngster there are many ways to win. Tell him that creativity and even commo...
You know, Bob, the real patriots out there are people who earn big incomes—$100,000, $200,000, and $1 million or more a year—and spend it all. Congress should mint a new medal for this type of patriot...
Why are so few people in America affluent? Even most households with six-figure annual incomes are not affluent. These people have a different orientation than does Johnny Lucas. They believe in spend...
Whatever your age, whatever your income, how much should you be worth right now? From years of surveying various high-income/ high-net worth people, we have developed several multivariate-based wealth...
Victor’s well-educated adult children have learned that a high level of consumption is expected of people who spend many years in college and professional schools. Today his children are under accumul...
Victor wants his children to become physicians, lawyers, accountants, executives, and so on. But in so encouraging them, Victor essentially discourages his children from becoming entrepreneurs. He unk...
To build wealth, minimize your realized (taxable) income and maximize your unrealized income (wealth/capital appreciation without a cash flow).
This millionaire’s brand of watch is a Timex; her husband’s is a Seiko (number one among millionaires). The couple buys their clothes at Dillard’s, J.C. Penney, and TJ Maxx. They have purchased only t...
The median (typical) household in America has a net worth of less than $15,000, excluding home equity. Factor out equity in motor vehicles, furniture, and such, and guess what? More often than not the...
QUESTION 1: DOES YOUR HOUSEHOLD OPERATE ON AN ANNUAL BUDGET? Do you plan your consumption spending according to a variety of food, clothing, and shelter categories each year?
No puedes escapar de las adversidades. No puedes evitar a tus hijos los altibajos que depara la vida. Los consiguen con la experiencia y salvando obstáculos… incluso desde la infancia. Son aquéllos a...
Mr. Allan recognizes that many status artifacts can be a burden, if not an impediment, to becoming financially independent. Life has its own burdens. Why add excess baggage?