My journey started when I was about 12. I was lucky to have two smart and wonderful parents. Mom taught me the value of savings and compound interest (future blog). Dad taught me the value of hard work and self-improvement. I remember the day we drove to the bank and opened a savings account. I was excited because I always enjoyed saving money!! Mom deposited some money, I think about $25. And I ...
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How many truly stupid people do you know who are rich? The objective today is to avoid being consistently stupid. Stupid happens every day and it happens to the best of us. But you can learn from others and from me to avoid making stupid investments. You are on your own in other matters. My definition of stupid: - Making decisions that appear to lack common sense. I cannot count the ...
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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 were NOT worth the cost ...
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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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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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Actions in education, economics, incarceration, are NOT going to solve this problem. There is too little communication or action, on this subject. Federal, state, and local governments, will NOT address this issue. It is up to our communities, our places of worship, and you, to make a difference.
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A typical millionaire looks like you. You pass them in the street. Eat at the same restaurants and fast food chains. They’re your neighbors and the people you see in grocery stores, etc. They work hard, save their money, invest and have a large, rainy day fund.
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