I ‘d like to respond to a letter I received from a 60 year old woman who was recently widowed. In it she discusses her feelings about being single, wealthy and alone. She and her husband were married for over 37 years. He was a successful business owner who left her with multi millions. Her situation is […]
Finding Mr. (or Ms.) Right Read More »
In my last blog, I took on the diet police. I argued that child obesity is more a function of the lack of parents instilling discipline and moderation in their children’s lifestyle than it is fast food companies and their products. Children benefit from parental guidance in all aspects of their lives. The following letter is a
Teach Your Children Well- Part II Read More »
The diet police are up in arms again. In essence they are proposing that the government take action so that our children will be discouraged from patronizing fast food restaurants. Imagine banning Happy Meals? From this writer’s point of view this is un-American! I believe that the diet police are made up of malcontents who
Teach Your Children Well-Part I Read More »
Many millionaires have told me that being economically successful has more benefits than just financial independence. As one very wealthy entrepreneur said, “It’s an absolute joy to associate with other successful people.” This fellow wasn’t just talking about other multimillionaires like himself. He was also referring to many of the high grade professionals such as lawyers, accountants,
Big Trees, Big Wealth Read More »
According to an article published in Atlanta Magazine’s Home, “owning a vacation home affords you prestige among peers, business associates and family members.” Webster’s defines prestige as the power to command admiration or esteem. . . distinction based on achievement; having or showing success, rank, wealth, etc. Do you want to command admiration instantly,
Second Homes… Part II Read More »
A recent Wall Street Journal article indicated that a variety of developers of expensive vacation homes are responding strategically to the meltdown in their market. In short, they are providing vacation home opportunities of the downsized variety. “. . .building smaller less expensive homes in resort communities. . . this pitch may sound a little funny: ‘affordable housing for the
Second Homes… Part I Read More »
The New York Times published a front page article recently entitled in the print edition “Your Home as Sure Nest Egg? That Era Is Over, Analysts Say.” I’m not sure what “era” they are talking about. As I said in Stop Acting Rich, overall single family, owner occupied homes were never the so-called nest egg that many people thought
The Real Cost of Homeownership Read More »
Many people have contacted me since I first published the Wealth Equation in Marketing to the Affluent, aka marketing to the millionaire next door. They seek yet another form of special dispensation. Most often these people are in their 20s, 30s and some 40s. They argue that they haven’t been working long enough to accumulate what
How Wealthy Should You Be? Read More »
Harry and his wife are among members of the Balance Sheet Affluent crowd. Even so, Harry never expected that one day his daughter would dramatically change her retail clothing store patronage habits. His daughter, a college freshman, was home from school one weekend. On Saturday, Harry asked her if she would help him deliver a carload of give aways
An Unexpected Lesson in Frugality Read More »
In my latest blog, Mr. K mentioned that his frugal wife buys some of her clothes at Goodwill. Do you think that Ms. K is the only person who has a few dollars in the bank and shops at a thift store? Au contraire! Take, for example, the case of Mrs. Point and her husband. I
To the Point – Stop Acting Rich Read More »