PETER LYNCH MADE THOUSANDS OF PEOPLE MILLIONAIRES – EVER HEARD OF HIM?

THE BATTLE - PETER LYNCH VERSUS WARREN BUFFETT Years ago my friend Wendell Williams, told me I should invest in the Fidelity Magellan Mutual Fund. I had one problem; I did not know what a mutual fund was.  Had never heard of Fidelity Investments.  And was clueless how to open an investment account.  Maybe I had several problems!  But it was this suggestion that started my long-term investment journey and a path to becoming financially literate.  I ...

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HOW THE WEALTHY REALLY ARE DIFFERENT FROM EVERYONE ELSE

www.forbes.com/sites/rainerzitelmann/2019/05/08/new-psychological-studies-how-the-wealthy-really-are-different-from-everyone-else/ What Makes the Superrich Tick The results of this latest wealth study are consistent with those of my doctoral dissertation on “The Wealth Elite,” which was based on interviews with 45 wealthy individuals. With only a few exceptions, most of the interviewees were self-made millionaires, and the ‘poorest’ were worth between 10 million and 30 million euros. Most, however, were worth significantly more, between 30 million and one billion euros, and some even ...

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REAL SOLUTIONS TO THE CRITICAL ISSUES DESTROYING OUR COUNTRY AND YOUR FUTURE {PART 1 OF 4}

THE AMERICAN DREAM IS ALIVE - BUT FRAYING FOR MANY! } {Excerpts FROM JAMIE DIMON, CEO J.P. MORGAN CHASE, ANNUALLETTER- Public Policy} {PART 1 of 4 This week I am posting four excerpts from Jamie Dimon’s, CEO J.P. Morgan-Chase, Annual Letter dealing with Public Policy.  This week,I will post on Monday April 15th,  Wednesday, April 17th, Friday April 19thand Monday, April 22, 2019. FINDING GOOD MENTORS With today’s electronic communication we do not need to ...

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DO YOU WANT TO FINALLY STOP PAYING FOR THE RACIAL WEALTH GAP?

In his January 1964 State of the Union address, President Lyndon Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.”  In the 50 years since that time, U. S. taxpayers have spent over $22 trillion on anti-poverty programs. Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all U.S. military wars since the American Revolution.  Progress ...

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Investing in Yourself

  Last week, I discussed the importance of mentors.  Finding and learning from mentors is simply an investment in yourself. This week, I want to provide other methods to beef up your investment competencies. The following are some tried and true ways that I have been able to increase my investment knowledge:    • Formal Education:  Community colleges offer short and inexpensive courses.  You can return to college and pick up a degree ...

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WHO ARE YOUR FINANCIAL MENTORS?

To achieve financial success, I identified successful investment mentors. If you aspire to be a great photographer, you want to learn from successful photographers. If you aspire to be rich, make an intentional effort to learn from individuals you aspire to be: other rich and successful people. Two of my strongest investment mentors: WARREN BUFFETT Around the year 2000, I was talking to a good friend, Shirley, and she informed me she owned ...

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My Journey to Becoming a Millionaire.

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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