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...
It’s amazing what you can do when you set your mind to it. You’ll be surprised how many sales calls you can make when you have no alternative except to succeed.
More often than not, UAWs allow significant others to determine their financial lifestyle. Interestingly, these significant others, or reference groups, turn out to be more imagined than real.
Most millionaires measure their success by their net worth, not by their realized income. For the purposes of wealth building, income doesn’t matter that much. Once you’re in a high-income bracket, sa...
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...
Most people will never become wealthy in one generation if they are married to people who are wasteful. A couple cannot accumulate wealth if one of its members is a hyperconsumer.
Mr. Allan is extremely perceptive in his understanding of under accumulators of wealth. In essence, he feels that products change people. If you acquire one status product, you will likely have to pur...
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?
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...
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...
The foundation stones of financial success are: Integrity—being honest with all people Discipline—applying self control Social skills—getting along with people A supportive spouse Hard work—more than...
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...
This last question is highly significant. Not only are the most prodigious accumulators of wealth frugal, their spouses tend to be even more frugal.
Victor wants his children to have a better life. He encourages them to spend many years in college. Victor wants his children to become physicians, lawyers, accountants, executives, and so on. But in...
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...
Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend. How
What is to be learned from this case scenario? Choose a financial advisor who is endorsed by an enlightened accountant and/or his clients with investment portfolios that in the long run outpace the ma...
What is the relationship between realized income and wealth? (SOI Bulletin, Department of the Treasury, Internal Revenue Service, vol. 2, no. 4, Spring 1985) What does he find? That people accumulate...
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...
Being a well-educated, high-income earner does not automatically translate into financial independence. It takes planning and sacrificing. What
Showing 101 to 120 of 157 results