Warren Buffett is said to have had a “marital debate” with his late wife Suzy about Suzy’s plan to spend $20,000 to renovate their decades-old home. Was Buffett’s objection based on his inability to afford the renovations? Hardly. As one of the world’s richest men, he could spend that amount daily on his home and […]

A poll released last year by the Harvard Institute of Politics found that among 18-to-29-year-olds, only 19 percent identified themselves as “capitalists,” and only 42 percent said they “supported” capitalism. The number was only slightly higher for those in the next age group, 34 to 49 years old, with 31 percent identifying as capitalists and […]

How did I become financially free? It’s because I had to. That may sound a little strange, especially if you’re new to the blog. But know this… Financial freedom was never an option for me. It was always a duty. Something I had to do. To satisfy my heart. Something I had to finish.. And […]

Last year, Money magazine reported that nearly 70% of wealthy families have lost their wealth by the second generation. And according to Family Business Institute, 97% of family businesses do not survive past the third generation. Some of you may think that wealth doesn’t make it to the third or fourth generation because of estate […]

Like a thermostat controls temperature, you too have an internal thermostat that controls your level of success. The level of your success can go up or down a little. But, eventually the thermostat kicks-in and brings you right back to where you are comfortable. That is, until you change the thermostat. So, how do you […]

Each day is made up of 20,000 moments (a moment can be 3 seconds long). Most of them are mundane, routine things (ie. getting out of bed, brushing teeth, showering, driving to work, etc..) that most people go through almost on autopilot. Yet, the opportunity to live freely and out of the mundane is available […]

Love is blind they say. And this is never more true than when it comes to money. But how do you keep from choosing a dubious financial partner while trying to find “the one”? It isn’t easy. A long-term relationship is a commitment that will be tested in the most vulnerable areas of the human […]

10 years ago, Warren Buffett made a very interesting bet. He bet any comer that a simple, low-cost investment in the S&P 500 would beat a hedge fund strategy over 10 years. On the line was $1 million, to be paid to a charity of the winner’s choice.   To put that into perspective, Buffett […]

Wow, what a strange month September has been! First the multiple hurricanes in the Gulf of Mexico and in the Atlantic, and then the earthquakes in Mexico. It has been incredible to say the least. What’s been interesting to watch during all of these events are the fluctuations in Berkshire Hathaway’s stock. Before we get […]

Stephen King’s “It” appears to be on track to be his biggest horror hit ever. His adaptation is already the highest-grossing King horror movie ever in North America (and worldwide), even adjusted for inflation, having passed The Shining ($44m in 1980, $145m adjusted). But there’s an even scarier video than “It” making it’s debut this weekend. And […]

A very good bad thing. Sounds like an oxymoron doesn’t it? It’s well known that red wine in moderation helps protect against heart disease, but does that mean drinking a lot of wine is a good thing? Of course not. And so it goes with some of the recent headlines about bank balances growing in […]