by Sarah S. Fallaw, Ph.D., Director of Research at AMI In the Just Say No era of the 1980s, there were several memorable public service announcements (PSAs) that aired. None were perhaps as memorable as the one involving a father and son. The son, upon being asked who taught him to use various types of […]
Financial Experiences Courtesy of You Read More »
Buffett not only excelled at building his own fortune/ he made it possible for many of his shareholders to do the same. According to NYT, 12-4-12, For Buffett long view still trumps quick return: “In 1966 . . . Berkshire Hathaway was trading at $22 a share. Today it is almost $133,000 a share.” The millionaire population
The national survey which served as the base for The Millionaire Mind represented a fraction of the top 1% of the wealth holders in America. Some of the myths about these people are that they were all straight A students, scored at the top on the SAT, attended elite private schools, etc. The average SAT score for the sample was 1190. Their
College Ranking Not Among Millionaires’ Key Success Factors Read More »
Five years ago Brit, 36, and his wife were upside down on their heavily mortgaged home, had a negative net worth and owed more than $60,000 on their credit cards alone. Today the couple has a positive net worth of about $20,000. Brit explains that paying off their debts was extremely difficult and took much sacrifice.
Millionaires’ Income: 8.2% of Wealth Read More »
The holiday shopping frenzy begins this week! Therefore I thought it might be a good time to run a blog from last year entitled Black Friday Blues. The theme of the blog is that in most cases the retail prices on popular consumer products are not at their lowest the Friday following Thanksgiving. Certainly there are some
Bologna on Black Friday! Read More »
In a recent New York Times article, the topic of fake artwork was discussed. Most millionaires [about 92%], however, do not have to worry about owning fake artwork because they don’t own art that has any market value. Art comes under the broad heading of tangible/collectibles. I once wrote an article about the tangible/collectible myth
Millionaires: 92% No Works of Art Read More »
Imagine that you worked hard, took much risk and became financially successful, very, very successful. You employ thousands upon thousands of people. You even give considerable portions of your wealth to noble causes. Earlier this year, Paul Allen, co-founder of Microsoft, designated a gift of $300 million to The Institute of Brain Science. The money was
Billionaire’s Big Donation Receives Little Press Read More »
The dislike, even hatred, of the socioeconomic successful by vocal segments of our population is not new in America. In Salem, Massachusetts (1692-1693) 19 people were executed because they were found guilty of “witchcraft.” But Dr. P. S. Boyer, in his highly acclaimed book, Salem Possessed: The Social Origins of Witchcraft, revealed the real truth.
Salem 1692: 19 Executed-Wealthy, Not Witches Read More »
Help! Did I hear this correctly? I understand that last Friday portions of a recorded campaign speech were broadcast on the radio. Did Vice President Joe Biden really tell an audience that the Republican platform included a $500T tax break for the wealthy? The entire personal wealth combined for all households in America is only
$500 Trillion Tax Break for the Rich? Say It Ain’t So, Joe Read More »
I lived for a few years like no one wants to so that I can live for the rest of my life like no one can. This is the basic success formula recently reported by one of my readers. In the following paragraphs, another reader, Honey, paints a similar picture of how her mother became a
A Lesson in Financial Independence Read More »