millionaire Archives - Empathic Finance

Would you even want to earn $1 million a year?

Posted by Mike Pumphrey on April 10, 2023 | Featured

How massive income (like $1 million a year) sounds great in theory, until you learn what you need to do to get there. … Read More

Tags: millionaire

Simple millionaire steps: Max out your Roth IRA

Posted by Mike Pumphrey on February 27, 2023 | Featured

The simplest and most flexible way to build millionaire-level investment wealth is through the Roth IRA. If you can max it out, you should. … Read More

Tags: investing, investment, millionaire, Roth, Roth IRA, simple

What does the data say? Reading The National Study of Millionaires

Posted by Mike Pumphrey on February 17, 2020 | Featured

I review the National Study of Millionaires, the largest study of millionaires ever undertaken, by Chris Hogan and the Dave Ramsey team. Not too long ago, I reviewed the book “Everyday Millionaires: How Ordinary People Built Extraordinary Wealth—and How You … Read More … Read More

Tags: Chris Hogan, Dave Ramsey, millionaire, millionaires, wealth

Book review: Everyday Millionaires

Posted by Mike Pumphrey on April 29, 2019 | Featured

I review the book “Everyday Millionaires” by Chris Hogan and its fundamental question: can anyone truly become a millionaire? The word “millionaire” has a lot of emotional meaning. It carries the weight of financial success, even if it doesn’t necessarily … Read More

Tags: book, bookreview, millionaire

Why having a million dollars might still not make you a millionaire

Posted by Mike Pumphrey on March 4, 2019 | Featured

I’ve long talked about the necessity of being a millionaire. We all pretty much need to be at least a millionaire, give or take, if we want to have a comfortable retirement, because it’s only in that way that we … Read More … Read More

Tags: millionaire, retirement

The necessity of being a millionaire

Posted by Mike Pumphrey on July 16, 2015 | Featured

So I talked about how being a millionaire is both more achievable and less meaningful than ever before. In fact, I’ll go even further by saying that for many of us, it’s also effectively mandatory. Yes, I’m saying that … Read More … Read More

Tags: community, goals, millionaire, retirement

The banality of being a millionaire

Posted by Mike Pumphrey on July 6, 2015 | Featured

There are few words associated with money that are more romantic than “millionaire“. Just the very mention of the word brings to my mind giant villas overlooking a sunny sea. But I want us to take a closer look at … Read More … Read More

Tags: millionaire, money, wealth

millionaire