Do You Want or Need a Cadillac?

When I was young, there was a house I would notice when riding to my Grandmama’s house.  It was an old wooden structure house, which needed a new paint job and even had cracks in the wood so I could see inside the house. But what stood out, was the brand new four door Cadillac sitting in front of the house.  The house and the land was NOT worth the ...

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BUYING CRAP IS BAD FOR YOUR WALLET!

SAVE MORE BY SPENDING LESS STOP Buying Crap This is your first step to accumulating wealth.  I went to my basement last week and I saw boxes and bags of crap!!  All that crap, cost money.  And it’s just sitting there!.  My garage, same problem.So let me define crap.  Useless stuff you do NOT NEED/WANT! Let’s look at how much we can spend, annually on crap:·       Two six packs of beer/week -$625·       Daily ...

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2017 Berkshire Hathway-Warren Buffett Annual Letter

http://www.berkshirehathaway.com/letters/2016ltr.pdf TO JOIN Wealth Building Powers BLOG, GO TO BOTTOM OF THE BLOG PAGE AND TYPE YOUR EMAIL ADDRESS.   To follow my daily posts on Instagram click: instagram.com/wealth_building_powers Thank you to my followers and readers, for your likes and comments.  All comments, recommendations and feedback are welcomed and utilized to improve this blog. DISCLAIMER I am a proud nerd (as my beautiful wife and daughter have told me) investment and finance blogger, with a NC State, Chemical ...

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Building a Prosperous Society

I see a major roadblock to creating more Millionaire households - the slow destruction of the two parent family. Today, 25% of white households, 50% of Hispanic households and 75% of black households are headed, by single mothers.  What does this have to do with prosperity?  Poverty rates in female-headed families now hover around 40 percent," Ron Haskins of the Brookings Institution recently wrote. "By contrast, children living in married-couple families have ...

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TRAITS OF U.S. MILLIONAIRES

Did you know- Millionaires, make up roughly 7% of American households? US Millionaire Traits• Sixty-seven percent own their own businesses. Not terribly exciting businesses: Welders, Lawn Care, Pest Control, Painters, Electricians, Plumbers, Owners of rental properties-commercial and residential, etc• Eighty percent have a college degree, but often own businesses with little relationship to their formal education.• Ninety-seven percent own their own home• They are FRUGAL and live well below their means. They ...

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