A few months ago the Freakonomics podcast ran an episode titled "Everything You Wanted to Know about Money But Were Afraid to Ask."A major part of the show featured the author of The Index Card: Why Personal Finance Doesn't Have to Be Complicated.The book, a best-seller for sure, basically said that everything anyone needs to know about money can be written on an index … [Read more...]
Examples of How to Get Rich on a Small Income
In my post titled You Can Become Wealthy with a Lower Income, one reader commented: I agree with your original commenter, and would personally like to see more stories of people who make AVERAGE incomes because they love teaching elementary school, or working as a substance abuse counselor, or massage therapist or whatever. There are millions out there to whom even a $50k or … [Read more...]
Millionaire Interview 9
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights.If you’d like to be considered for an interview, drop me a note and we can chat about specifics.My questions are in bold italics and his responses follow in black.Let's get started...How old are you (and spouse if applicable, plus how long … [Read more...]
How to Go from Zero to Millionaire, Part 2
In How to Go from Zero to Millionaire, Part 1 I started detailing what I would do differently today in managing my finances if I could go back to high school and start over. But this time, I'd have all the knowledge and experience I have now.When we left off, I was a 24-year old out of graduate school (MBA) with a net worth of $22,827.Today we'll detail the next steps … [Read more...]
Make Small Progress Every Day
How would you like to achieve your wildest dreams? How would you like to accomplish anything? No matter how large...Ok, perhaps that's an exaggeration. After all, I might want to "be richer than Warren Buffet" but that's very unlikely to happen no matter what I do.But I'm talking big goals that are reasonable, though tough: Becoming a c-level executive of a … [Read more...]
Millionaire Interview 8
The following is a millionaire interview I first published on a previous site.I thought you'd enjoy this interview with another person who grew his net worth to over $1 million.My questions are in bold italics and their responses follow in black.Let's get started...How old are you (and spouse if applicable, plus how long you've been married)?53, divorced in … [Read more...]
How to Become Wealthy Described in One Sentence
Sometimes we make becoming wealthy way too complicated of a topic.After 25+ years of:Managing my own finances Studying how to manage money Writing thousands of articles and (probably) millions of words on the subject Achieving financial independence Retiring early with sizable assetsI'm more convinced than ever that the way to become wealthy simply … [Read more...]
Millionaire Interview 7
I thought you'd enjoy this interview with another person who grew his net worth to over $1 million.To read more millionaire interviews, check out my millionaire interview category.My questions are in bold italics and their responses follow in black.Let's get started...How old are you (and spouse if applicable, plus how long you've been married)?I’m 51 years … [Read more...]
How to Go from Zero to Millionaire, Part 1
I get asked now and again what steps I would recommend for someone just starting out who wants to become wealthy.At the same time, I look back over my life and see money milestones, mistakes, and successes. It's been good overall, but there are certainly things I would do differently.So I thought I'd address both of these in a single series.In this set of posts I … [Read more...]
You Can Become Wealthy with a Lower Income
In my third millionaire interview, one commenter was a bit put off by the fact that two of the three interviews featured people with incomes of $500k. He was not rude by any means, but wanted to see some alternative interviews: May I then make the request my own… The interview series has been really interesting. It is useful hearing people’s suggestions and their mistakes. I … [Read more...]
