Why do we build wealth?

It’s hard to build wealth, which is why it’s so important to understand and know for yourself exactly why you’re doing it. … Read More

Will millennials benefit from the largest wealth transfer in history?

Millennials have gotten the short end of the economic stick for most of their adult lives. But this bad luck might be about to change. … Read More

What is the I.B.E. Method for building wealth?

I describe the method I’ve used for over a decade on how to take control of your financial life so that you have the money you need to spend on what you want. … Read More

Why we believe people are rich or poor is changing

I look at three studies by the Pew Research Center on how our beliefs on why people are rich or poor are evolving, and in a promising way. I know in my heart of hearts that the vast majority of … Read MoreRead More

Can anyone become wealthy?

There are two competing worldviews in financial success: that anyone can get ahead, and that no one can. So, can anyone become wealthy? After being a financial coach for a decade or so, I’ve learned that there are two primary … Read MoreRead More

Why it’s time to stop your scarcity mindset

The scarcity mindset is related not only to personal dissatisfaction but also to societal wealth inequality, so it’s time to put an end to it. As time goes on, I become less interested in the things that save you $5 … Read MoreRead More

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

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 MoreRead More

Course review: How to Win the Game of Advanced Personal Finance

I review “How to Win the Game of Advanced Personal Finance”, an online course by Ramit Sethi (from I Will Teach You Be Rich). A while back, I talked about purchasing a personal finance course. In response to the obvious … Read MoreRead More

Remember: income and wealth aren’t the same thing

Managing your money effectively matters so much more than your income. Which is better to have, high wealth or a high income? The question isn’t a good one, and lacks nuance, but it’s a good test, in case you think … Read MoreRead More

Why your goal is to not care about credit cards (if you even care today)

As you build wealth, the reasons to use credit cards fall away even more. Recently I wrote about my own revelation that, while I love collecting (and using!) frequent flyer miles, eventually, with my own financial goals in place, I … Read MoreRead More