Tag Archives | Building wealth

The Millionaire Mindset, Part One

If you’re a new graduate, taking your first steps into the adult world, here is the most important financial advice I can offer: Develop a millionaire mindset. This absolutely does not mean making wealth your life goal. But thinking like a millionaire will help you build a solid financial foundation to support you in reaching […]

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Steps to Building Wealth

In a recent article on, Bruce W. Fraser compares building wealth to building a structure with Legos. He says both involve “a series of small decisions that move us along, one building block at a time.” Rick is one of the advisors cited in the article, which offers an excellent summary of the basic […]

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Are One in Five Americans the “New Rich”? Not Exactly.

The surest road to financial success and independence is a long one. That path includes working hard at a career you enjoy, living on less than you earn, taking educated and appropriate risks, and building wealth gradually through diversified investing. I know many people who have followed this route successfully. Their achievement—what has long been […]

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Insurance Against Market Crashes?

Many investors, panicked by the market crash of 2008-2009, started a search for some type of investment vehicle to protect them from the next market downturn. Some decided the answer was a variable annuity with a “guaranteed living benefit” rider. At first blush, this seems to be a good use of insurance. For a nominal […]

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Real Estate No Quick Road to Wealth

Want a good way to build wealth? Own commercial real estate. Or not. Real estate is one of the largest asset classes in the world. The family home is the largest asset many middle-class Americans own. And real estate makes up a significant portion of the net worth of many wealth accumulators. Directly owning real […]

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