Question from a Wealth Club member: What are some assets that are really overlooked? Answer: The problem is not necessarily that people overlook assets, it’s that they participate in “slow” assets, or they invest in things they don’t understand.You can make astronomically high returns in nearly any and every sector, industry, segment. The key is […]
Question from a Wealth Club member: How does one decide when they have enough wealth? Answer: The truth is, anyone can make that decision at any point in their life. There are consequences though. My take is we all have a responsibility to be self-sufficient; except of course those with extenuating circumstances. To me, I […]
Question from a Wealth Club member: Wealth is not just about money. How much time does one spend on other areas of life to truly become wealthy? Answer: Totally agree. There are many forms of wealth, and interestingly enough, most people don’t focus on acquiring ANY kinds of wealth. Instead, they focus on watching Netflix […]
Question from Wealth Club member: What is the best way to pass wealth building to the next generation? Answer: The most impactful place for a wealth-conducive mindset to be fostered is in the home. Parents can find tons of fun activities to do with their kids to foster creativity, entrepreneurship, and financial discipline. One of […]
Question from a Wealth Club member: How long does it really take to get to the point where you’re financially free? Answer: This may sound convenient and fanciful, but it doesn’t make it any less true…to an extent, it can take as much or as little time as you want it to.However, there is something […]
Question from a Wealth Club member: How do you keep your greed in check? Answer: First, it’s important to realize that there’s a difference between greed and a desire to make the most of the life you’ve been given. This is important because it speaks to the underlying motivation. For example, there’s nothing wrong with […]
Question from a Wealth Club member: How do you develop the “abundance” mentality if you tend to be more risk averse? Answer: The first thing to do is to distinguish abundance from risk; because abundance is there whether you take any risk or not. I think risk aversion has a lot more to do with […]
Question from a Wealth Club member: How do you identify helpful [wealth] information vs. snake oil? Answer: This one is tough, but there’s hope! First, trust your intuition. Remember, you don’t HAVE to buy whatever it is they’re selling; as much as they may try to convince you that you do. However, another reason why […]
If you’ve been laid off, fired, or quit this year, you’re not alone. Tens of millions are either out of work or under-employed right now. Having been there myself more than once many years in the past (including during horrible economies); I know how it feels. Let’s not sugar coat things; it sucks. The rejection, […]
Millions are out of work right now. You can see many tenacious people on social media exclaiming how they had to apply for hundreds of jobs and conduct dozens of interviews to get one offer. With all this going on, it’s crazy to grasp just how abundant of a world we live in – and […]