8 Money Mistakes with One Million Dollars

8 Money Mistakes with One Million Dollars

Most people think preserving money is all about what stocks you pick and which money managers you employ. Not at all. What matters most is the right family culture. Families with old money all have their own norms, values and no-nos. These largely determine their...

A Guilt-Free Way to Live a Life of Luxury

A Guilt-Free Way to Live a Life of Luxury

Huguette Clark seemed to have almost all the money in the world. She would generously give thousands of dollars to friends or strangers going through difficult times that she had seen in a local news story. She also bought rare art for over a million dollars a pop....

An Unconventional Book That Changed My Life

An Unconventional Book That Changed My Life

I was probably 20 years old when I read Market Wizards for the first time... I was very early in my career as a trader and investor. I barely knew the difference between a stock and a bond. I wasn't even sure what I wanted to do for a living. Since my first read, I've...

How to Make 54% on Your Money in One Year

How to Make 54% on Your Money in One Year

My friend Peter spent his career as a self-employed entrepreneur. He and his wife owned a business that installed aboveground pools on Long Island. It was hard work. So when Peter turned 52, they were happy to relocate to South Florida. That was in 2003. The housing...

The Truth About Money

The Truth About Money

Today is the day you discover the politically incorrect truth about money. This lesson will probably be much different than the one your parents taught you. I know my mother would disagree with what I'm about to say. Pinching pennies is a losing game. Obsessing about...

Are the Rich Smarter Than You?

Are the Rich Smarter Than You?

Growing up, when I got into an argument with my mother, she would sometimes resort to the nuclear option, her tried-and-true conversation stopper. Putting her hands on her hips and using the worst faux Southern accent imaginable, she'd say, "Well if you're so damn...

What You NEED to Know to Be a Successful Investor

What You NEED to Know to Be a Successful Investor

"Steve, I'm just trying to get all this stuff figured out," my friend Charlie told me over the weekend. He's just starting out in investing. "I'm paralyzed," he said. "I don't know what to do. I'm reading everything... But I'm not actually doing anything with my...

Your History with Money: Part 1

Your History with Money: Part 1

The year was 1985. Michael Jackson and Boy George topped the charts. The Chicago Bears, under Coach Ditka and powered by William "The Refrigerator" Perry, were dominating the NFL and working on their Super Bowl shuffle. Out on the Ballantyne farm, I had just turned 10...

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