Attitudes and Behaviors of the Affluent – How do you Compare? Thomas J. Stanley and William D. Danko have met with and conducted research among wealthy Americans since the early 1970s. As the title of their first book The Millionaire Next Door suggests, the profile of a typical millionaire might surprise you. For example, most […]
Archive for the ‘Net Worth’ Category
The Impact of our Federal Debt on Your Household’s Net Worth and Cash Flow
November 20th, 2012
admin The Bad News: The Average U.S. Household is Now Bankrupt (Really) As I write this, our federal debt – the sum of many years of annual budget deficits – stands at $16.1 trillion, or about $135,000 per household*. (No, that is not a typo.) As noted in our e-booklet, Wealth is Good, Cash Flow is Better, […]
Getting Ahead Early, Part 3: Moving Forward in the Financial Life Cycle with the Help of Rental Income
June 29th, 2012
admin Creating a Cash Flow Source in Your 20s or 30s OK, so let’s say you’re in your 20s and with the help of a family savings and investment account (see Part 2 of this series) you have little or no debt and $20-25,000 in liquid accounts (savings, stock). What can you do to build on […]
Cash Flow is Better, But Wealth is Still Good
May 31st, 2012
admin You Need Both to Complete the Picture You might have noticed that we devote much of our time and attention to the topic of cash flow. It’s the lead subject of our e-booklet, a key component of our measurement tool, and is regularly featured in our blog articles. We do this in large part because […]
Turning Tax Preparation into a Positive, Rewarding Activity (Really!)
January 9th, 2012
admin In his song “Golden Moments,” James Taylor said: “All it really needed was the proper point of view”. I doubt he had tax preparation in mind when he wrote it. But if you look at the tax preparation process from a different perspective, it could take on a whole new meaning. Instead of being a […]
Net Worth is Good, but Cash Flow is Better
December 14th, 2011
admin You might have seen some TV ads recently where people literally carry their retirement



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