In terms of public relations the bad news continues for Russia. It has recently been revealed that the concentration of wealth in Russia is by far the highest of all major nations in the world. In a recent blog, I cited a report by Credit Suisse which indicated that 110 households own a staggering 35% of personal wealth […]
Russian PR Nightmares Continue. . . Read More »
Think of America’s workforce distributed along a continuum. At one end you have hunters and gathers (those who must work everyday because they have no wealth). At the other end, you have cultivators of wealth (those who stockpile income and inventory their productivity). But it is not just about investing. Those who are extreme cultivators
Foundation for Cultivating Wealth Begins in College Read More »
What a weekend for college football! [As a side note I always thought that college football is a better product than what is offered by the NFL.] But when I watch a collegiate game, no matter how exciting, I can’t help thinking beyond the gridiron. University towns often provide an ideal environment for small business enterprises. The cultural amenities
Ideal Location for The Millionaire Next Door: College Town USA Read More »
Prior to writing The Millionaire Next Door I published a series of articles that dealt with the topic of wealth in America. I recently reviewed one of these, Why You’re Not as Wealthy as You Should Be. It was originally published in Medical Economics and then republished by Reader’s Digest. Are people with high realized
Wealth? No, Not Yet! Read More »
No one ever got rich by camping out for two or three days to be first in line for Black Friday sales events. Or as I said in an earlier blog: Two days camping out in line, that’s 48 hours or nearly 5 times the number of hours a millionaire next door allocates per month to
Black Friday Blues and Bologna Revisited Read More »
In the Declaration of Independence Thomas Jefferson succinctly specifies the rights of individuals: We hold these truths to be self evident, that all men are created equal, that they are endowed by their Creator with unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. We as Americans have in essence been given
Opportunities to Prosper in Land of the Free Read More »
Mr. Arrow was profiled in my last blog. How much does Mr. Arrow charge for his financial advice? There is never a charge. Actually he gets great satisfaction out of helping his physician clients. He never read my book, Networking with the Affluent, nor has he reviewed the material on the audio version, Networking with
CPA: The Millionaire Next Door’s #1 Advisor Read More »
Physicians are among the least productive occupational groups in transforming their incomes into wealth. Keep this in mind when you read the following case study. Mr. Arrow, who has a degree in pharmacy, is employed by a large pharmaceutical company. Part of his job description is to interface with physicians and surgeons. Unlike many others who call upon physicians,
Millionaire Mentors His Clients Read More »
When I was a boy, we lived in a small apartment in a blue-collar section of the Bronx. Just a quarter mile away was the wealthiest neighborhood in New York City, a residential community called Fieldston, aka Mansionville! I was nine years old. I told my eleven-year-old sister, “I’m disgusted with the marginal propensity of
A Millionaire’s Treat on Halloween Read More »
Ford CEO Alan Mulally is the best business leader to come along since Lee Iacocca. He was a featured speaker recently at The University of Georgia’s CEO Forum. Part of his presentation was quoted in USA Today: One thing I learned from [my parents] was that it is nice to be important but it is more
Millionaires’ Success Factor #3: People Skills Read More »