The Three Mega-Skills in Life

Today, I’d like to talk about the most important skills we need to be successful in life. I’ve been thinking about this subject for several decades. I hope that what I’m about to say will be helpful to you. The Three Mega-skills: Thinking, Writing, and Speaking I’ve identified about a dozen skills I believe are…

Read More

How to Make Progress

To Master Plan your life, you must begin with long-term goals that correspond to your core values. From that good start, you must establish yearly and monthly objectives. Based on those objectives, you create weekly and daily task lists. Doing all that will help greatly. But if you want to really change your life, you…

Read More

This is Still Possible

The average Nicaraguan is born in a shack with a dirt floor and earns less than $60 per month. Enrique, my handyman/gardener in Nicaragua, does better than that. He makes about $150 per month in salary and another $50 or so in tips and side jobs. In the United States, Enrique could earn that much…

Read More

Unexpected Side Effects of Making Money

My life changed when I decided, one day, that “make a lot of money” would be my number one goal. Focusing on that goal and making it a priority changed my income, from about $50,000 a year to seven-plus figures. It changed my business status from that of a nameless employee to that of an…

Read More

How to Make a Big Decision

Number Three Son had narrowed down his summer internship choices to two. But he was stuck. Where should he go? The office in Mumbai or the one in Melbourne? Each had its benefits and drawbacks. India was more exotic, but Australia was more familiar. India might offer him more challenges, but Australia would give him…

Read More

This is Politically Incorrect

Do you have the mindset of a champion? Are you able to look at your career challenges and feel certain you can overcome them? Do you feel, like Mohammed Ali and Michael Jordan must have felt, that you have greatness in your soul? If your answer is “no,” don’t worry. I don’t have that mindset…

Read More

How a $10 Bill Made Me Richer Than All My Friends

Of the hundreds of wealth-building strategies I have tried over the years, the very best one was also the simplest. It is this: Make sure you get a little bit richer every day. It sounds simple, and it is. But I give it credit for getting me started on my personal road to wealth. Thirty…

Read More

Making Friends with Your Financial Fears

Recently I wrote an essay about protecting your wealth by using stop losses, diversification, legal strategies, and tax planning. I thought it was a good essay. It covered, I thought, everything I knew on the subject. But I’ve been thinking about it since then and realized that there was one important idea I did not…

Read More

The Golden Bucket of Savings

Once you have figured out how large your spending bucket needs to be, you can start to figure out the size of your saving and investment buckets. You may be wondering what the difference is between saving and investing. To most people, they are the same. But I like to distinguish between them because I…

Read More