This week I interview a young man, Jake, whose household Net-Worth is on a great trajectory. Jake and his wife Jen, in their early 30’s, have already built a Net-Worth, that is 30 times greater than the average American Household for a couple their age. THIRTY TIMES GREATER - bears repeating. So lets take a look at their strategy and accomplishments! By the way, Jake ...
Read MoreLast week I wrote about debt. Majority of people during their journey to wealth will use and manage debt. But some debt is simply BIG, BAD and UGLY. Too many Americans are deeply in debt, and taking no steps to come out. MY INTRODUCTION TO CREDIT CARD DEBT After college, the easiest credit card to obtain was Sears. I needed to build my credit, so I applied and received the Sears Credit ...
Read MoreBERKSHIRE HATHAWAY MADE BELOW APPLE STOCK PURCHASES • March 2016: Purchased 9.8 million shares • June 2016: 5.4 million shares • December 2016: 42.2 million shares • March 2017: 72 million shares • June 2017: 1 million shares • September 2017: 3.9 million shares • December 2017: 31 million shares Today, I believe Warren Buffett and staff know more about Apple than its Board of Directors (BODs). Unfortunately, that is not saying much. As most BOD’s add little value to shareholders. So who is responsible ...
Read MoreSo you are thinking about buying a new car? Year-end sales are coming in a few weeks and the car manufacturers will discount thousands of dollars and offer zero interest. Do you buy at today’s full price or wait? Personally, I wait for sale prices for clothes, electronics, vehicles, equities, etc. The stock market gives you sale prices when the market corrects and drops a few percentage points. This is ...
Read More
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 ...
Read More
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 ...
Read More
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.
Read More