Here's an interesting post that I originally had at my other site. But I'm moving the best posts to ESI Money and this one certainly qualifies. As you know, we spend a lot of time here talking to the wealthy and asking them about their finances. My Millionaire Interviews are among the most popular posts on this site. And for good reason -- who better to learn about money … [Read more...]
2019 Financial Year in Review and 2020 Forecast
As I've done every year on this site, I want to review my past year's financial results as well as make a forecast for the year to come. FYI, I'm writing this at the beginning of January even though it won't post for a couple months. As such, the numbers I'll be sharing aren't final yet (I'll sort through the official ones when I do my taxes). These have not been … [Read more...]
Five Morning Money Habits to Help You Become Wealthy
Over three years ago I read The Miracle Morning. I loved the book and it got me to thinking about how much more productive I could have been if I had discovered it early in my life (which would be impossible since it was published at the end of 2012, but still.) As I read it I began thinking what an impact a morning routine might have on a person's finances. That's when I … [Read more...]
Rich Dad’s Ten Steps to Getting Started on the Path to Wealth
When I reviewed the book Rich Dad Poor Dad, I noted that the author, Robert Kiyosaki, listed "10 tips for getting started." I didn't cover the 10 steps in that review since it was too long the way it was, but today I'm going back to the book, sharing the 10 steps, and giving my thoughts on them. BTW, the 10 tips are designed to get anyone started on the path to acquiring … [Read more...]
The Sad State of Wealth in America
For being the richest country in the world, we have some sad financial numbers. I recently stumbled upon the 2019 Modern Wealth Survey from Schwab. It was quite interesting to say the least. Here's the full survey if you'd like to check it out, but I'll be covering the highlights. Or should I say lowlights. I have been writing about money for over 20 years (first in … [Read more...]
Did Being a Country Boy Help Make Me Wealthy?
When I work out, I always listen to music. I've tried listening to books or podcasts when exercising, but it just doesn't work. I have to count (reps) or strain (lifting or cardio) and my attention on anything anyone says is gone. When I've tried a podcast or book I end up constantly rewinding which makes for a very frustrating experience. So music it is. I listen … [Read more...]
Ten Big Financial Moves that Will Skyrocket Your Net Worth
The following is a post which originally appeared at Budgets are Sexy. We all have money tips coming out our ears. Do this. Don't do that. Do this or that. And on and on. The advice seems endless -- so much so that if you try to follow them all you'd have no time to live your life. At the same time, all money tips are not created equal. Even while many are valuable, … [Read more...]
I’m Rich Because…
From time to time someone will comment at ESI Money with something along the lines of "what does it mean to be rich?" It's a topic I've thought about a lot, have wanted to cover for some time, and will likely write about again even with this post discussing the issue. Obviously one aspect of being "rich" is monetary. In fact, if you look up "rich" in the dictionary the … [Read more...]
Use These 10 Behavioral Finance Tips to Super Charge Your Finances
I think many of you know that I was a marketing executive during my career. One thing you need to be successful at marketing is to understand psychology. If you know what the consumer is thinking, you can tailor your message to be best received by him. ;) Psychology is also important in managing money, which is why I'm thrilled to have a guest post today from Dr. Brenda, … [Read more...]
How Assassin’s Creed Can Help You Become Wealthy
I'm going to give you a warning up front -- this could get a little geeky. But hey, we're all money nerds anyway, so what's a little geekiness to boot? I've mentioned a few times how I like to play video games. I have a specific type of game I prefer: the ones where there's a hero, an open world, and where both stealth and fighting are part of the success formula. This … [Read more...]
