You may have read the news reports about the convoy of up to 30 high performance sports cars that was recently escorted down the Garden State Parkway (NJ) to Atlantic City by two NJ State Troopers. According to the reports, the cars were traveling in excess of 100 mph! Makes of these cars included Porsche, Lamborghini, […]
Drivers of High Performance Sports Cars: Enthusiasts or Show Offs? Read More »
Use OPM (Other People’s Money) in a sentence. About 2 in 3 couples under the age of 35 who live in $1M homes are part of the OPM segment. Our government is like the spoiled economically dependent adult child who is never satisfied no matter how much OPM it receives. Those who receive OPM tend
When I was teaching Marketing to 60 executive MBA students I was presented with a problem when trying to explain the concept of a highly focused niche marketing strategy. Nearly all of the students worked for large public corporations. Few, if any, had had experience with this business method. To support my discussion, I drew upon a
Childhood Experiences Often the Foundation for Success Read More »
In The Millionaire Mind I wrote that: . . . millionaires . . . often . . .labeled by some authority figure or some standardized test result as being “average” or “inferior.” But as the results of this research point out, such evaluations make some people all the more tenacious. Some millionaires thrive upon such judgments,
Q: Dr. Klug, what type of physician are you? A: I’m an Independence Day physician. I work from January 1 to July 4 each year to pay my taxes. Dr. Klug does not focus on the injustice of our tax system where the top 1% of income generators pay nearly 40% of income taxes. He
State death taxes are economically self defeating because tax return data confirm that the wealthy in America often arrange to die tax free in states like Florida and Texas. So says an editorial in The Wall Street Journal. The editorial cites the research on this topic conducted by economist Arthur Laffer. Much of the discussion
Hats off to Bubba Watson, winner of the 2012 Master’s on Sunday. He is also an alumnus of The University of Georgia and was a member of the UGA golf team. Just after he sank the final putt to win, my thoughts went beyond the excitement and pride for the Bulldog nation. Of course I have a bias
According to a Wall Street Journal article, the chief executive of Ford Motor Company, Alan Mulally, had the highest compensation package among all executives in the automotive industry. This is not surprising given the achievements he has made at Ford. In an recent cable news program about Mr. Mulally, it was mentioned that early in
Medical Economics is one of the most respected periodicals read by physicians. I was honored to have several of my articles about physicians and how they rank among high income producers in terms of accumulating wealth published in that journal. And the demand for my books has greatly benefitted from the exposure. You may recall the profile of Dr.
This case study may brighten your day. Sara Blakely is the youngest selfmade woman to join this year’s billionaire’s club-turning $5,000 in savings into a new retail category: shapewear, according to Forbes, March 26, 2012. Ms. Blakely once had her heart set on going to law school, but according to the Forbes article, she performed poorly on