Growing up, I witnessed first-hand the value of an education, or more accurately, the struggle required to be financially successful without a formal education. My immediate family, mother, father, stepfather and grandparents did not have college degrees or specialized certifications. Regardless, they all worked very hard and earned respectable livings. I hold the deepest respect [...]
A few weeks ago I introduced the concept of five financial truths that when applied to our everyday lives can help the average American build wealth. This week I want to explore one of these truths, diligence. Americans are traditionally known as a hardworking people. We often define ourselves by the work we do and [...]
Last week I introduced the concept of espousing certain financial truths that when applied in our daily lives, help guide us along the path to building wealth. The first truth examined was “invest early, invest often” and specifically the tactic of closing out those savings accounts and opening a taxable investment account to serve as [...]
I find much of the internet fodder with investing strategies to become a millionaire amusing. Most of the millionaire by (insert benchmark here) advice isn’t built on realistic assumptions regarding income and return on investments. The other day I read an article that suggested in order to achieve a million dollar net worth, one simply [...]