Encouraging a 20-something friend at my gym to attend a workshop I was giving on investing and financial planning, I quipped, “I’ll teach you how to be a millionaire.” “Really?” she responded. I quickly explained that, if someone her age invested $6,000 a year in...
Suppose you have a net worth of one thousand dollars, while your friend has one million dollars. Would you consider yourselves to be in the same financial category? Almost certainly not. The comparison is absurd. Your friend’s one million is a thousand times...
If you’re a new graduate, taking your first steps into the adult world, here is the most important financial planning advice I can offer: Develop a millionaire mindset. This absolutely does not mean making ultra high wealth your life goal. But thinking like a...
Watch this video on YouTube A few weeks ago I wrote about the increasing use of the term “Investor Class” as an inaccurate and generally disparaging synonym for the rich. The same day I wrote that piece, a reader sent me an article by Christopher Ingraham...
Watch this video on YouTube Would you like to build up a million-dollar nest egg by the time you retire? For middle-class earners, that goal is challenging but possible if you start at age 25 and save $1750 a month. Many married couples could do this by maxing out...
