The best perspective on wealth comes from a stand-up comedian. When a panhandler asks him for change with the line, “Hey, buddy, I’m broke. Can you spare anything?”, the comedian responds, “Broke? Listen, I’M broke. I’M $700,000 in debt. You’re EVEN!!” If you want to be wealthy, you may need to redefine your concept of [...]

Do one thing to increase your wealth today. Even if it is simply clipping a coupon for something on which you will later spend money, find a way to end the day with more than you had. Did you know that on average, first-generation millionaires spend twice as many hours each month on financial planning [...]

In assessing value, don’t overlook enjoyment. If you collect junk, well, the value is inherent in it’s name–junk. But if you collect something of value with purpose, your passion can pay off. Perhaps not in dollars, but in friendships, acquaintances, barters, giveaways, and plain fun. For example, collecting stamps, coins, rare books, art, or furniture [...]

What is it about numbers and money that you loathe? Maybe it’s filing taxes. Perhaps it’s planning for retirement. If you’ve got that under control, you might consider building another financial asset: your own business. Whatever it is about finance that befuddles you, decide to tackle it now. Knowledge is the best weapon in any [...]

If you are interested in building your personal wealth, read Paul Graham’s essay “How To Make Wealth” originally published in his book Hackers & Painters. This brilliant mind examines the idea of wealth, how to create wealth, and ultimately why founding or joining a startup is a great way to build wealth. Even if you [...]