I spent many years studying the rich and the poor in my Rich Habits Study and found that there were twelve problems almost everyone has to contend with in life: Health Problems Financial Problems Family Problems Neighbor Problems Home Repair Problems Car Problems Addiction Problems Job Problems Relationship Problems Death or Disability Problems Time Management … Read more
Reciprocal tariffs will drive up the cost of most goods, making everyday life more expensive for American households. According to Fitch Ratings, the U.S. tariff rate on all imports has jumped from 2.5% in 2024 to around 22% today. Some research firms estimate the percentage is closer to 30%. As a result, more Americans may … Read more
Image Source: 123rf.com How financially literate are you? According to a report from the Global Financial Literacy Excellence Center, the average American scored just 48% on a financial literacy test. Some groups scored as low as 37% in certain areas. When it comes to financial management, knowledge is wealth. A financial literacy course may be … Read more
One of many investing methods rising in recognition with the rich is Direct Indexing. Earlier than my consulting stint at a fintech startup in 2024, I had by no means actually heard of Direct Indexing. If I did, I doubtless assumed it merely meant straight investing in index funds, which many people already do. Nonetheless, … Read more
Finance definitions are robust to pin down as a result of cash is usually within the eye of the beholder. The goalposts are at all times transferring as you age and mature, and tastes change. Your notion of wealth may be impacted by: The way you have been raised. The wealth and materials possessions of … Read more