A couple of weeks ago, Warren Buffett wrote an op-ed piece in the Wall Street Journal suggesting an option other than raising the minimum wage, to close the income inequality gap – the gap between the wealthiest and the poorest Americans. On today’s episode of the Monty Campbell Show, I am going to discuss two […]
There are six words that I think are most responsible for keeping people stuck in the middle class. Six little words that hold more people back. Six words that have the power to keep people right where they are…for life. It’s not “I did not have any opportunities.” Hardly. It’s not “I did not have […]
Back by popular demand, I answer subscribers’ most pressing questions! I did the first round of questions and answers back in March and the mailbag has been filling-up, so it’s time for me to answer the most pressing questions on your mind. Without further delay, here are the latest questions from subscribers and my answers: […]
The Roman Stoic philosopher Seneca tells a story about Alexander the Great: A country that Alexander planned to conquer offered him part of the territory as a concession. Alexander replied by saying he hadn’t come all the way to Asia to accept what they were willing to give up. Rather, came word from Alexander, they […]
One of the great universal mysteries: Why doesn’t everyone take common sense financial advice? Think back (maybe even as far as last week). At some point, you may have rolled your eyes at something you read or heard about personal finance that was just simple advice – and, in turn, you rolled the dice in […]
One of the most least understood truths of investing is this: Success in the game of investing depends more on not making mistakes than it does on picking big winners. Period. In fact, Warren Buffett’s two rules of investing are: #1) Never lose money and #2) Never forget rule #1. It’s all too easy for […]
Today is the big day! My entire team is at the Berkshire Hathaway 50th annual shareholders meeting and we will be blogging live from the floor of the meeting! Happy 50th Warren and Charlie. Stay tuned for updates everyone! 7:44 – On the floor level, waiting for things to start! 9:22 – Warren and Charlie […]
Why is it that people don’t become wealthy? In a country like ours, with the opportunities that we have, why is it that so few people retire financially independent? Achieving wealth is not a complicated process, but it’s not easy either. What is required are a few vital steps. In this infographic, I provide the […]
I launched this blog a little over a year ago and the response has been incredible, to say the least! Given the sobering statistics about personal finance and also the plethora of silly get-rich-quick schemes out there, I knew that there was a need for a common sense approach to wealth building. As the readership of […]
Everyone waited solemnly as the law firm representatives slowly opened the safety deposit box. Nobody expected it to contain much. After all, he was just a part-time janitor for most of his working career. And according to Salary.com, the average salary for a janitor is $26,000. A honest pay for honest work for sure, but […]
Northcote Parkinson termed the phrase Parkinson’s Law in the 1950’s. The law states that “as the supply of a resource increases, so does the demand for that resource”. Here are some common examples: Your computer’s data will expand to fill exactly the amount of storage it has available. The amount of time you have to […]