How to Set Realistic Goals

Aim high! Reach for the stars! Shoot for the moon! In other words, Think Big!That’s the message we get time and time again from motivational speakers. And I get it.  In business, it certainly makes sense when you are in the very first stages of developing a new product or project. It makes sense because…

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10 Ways You May Waste Money When Starting a Business

Here’s just a short list of the misguided (and even ridiculous) business start-up advice I’ve read recently: Create an instant-impact message that describes the chief benefit of your business. Put it on business cards and brochures. Hand out hundreds of those business cards and brochures at business functions and meetings. Find a great office space…

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Why We Lied to Our Kids

Five years ago, Bill Bonner, my friend and business partner, asked me to speak to a group of about 50 old, wealthy white people meeting in an exclusive beach resort. He wanted me to discuss “the challenge of intergenerational wealth.” What the heck is intergenerational wealth? It’s the wealth you’ve acquired for your children, grandchildren,…

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The Secret of the Golden Buckets, Part II

As I said, the purpose of your investing bucket is to grow your wealth. This is the bucket you will use to fund all future, long-term expenditures. By “long-term,” I mean more than seven years. If you are young, you may use this bucket to put aside money for your children’s college expenses. But for…

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How to Make 54% on Your Money in One Year

My friend Peter spent his career as a self-employed entrepreneur. He and his wife owned a business that installed aboveground pools on Long Island. It was hard work. So when Peter turned 52, they were happy to relocate to South Florida. That was in 2003. The housing boom was just taking off. To earn extra…

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The Make Money Game

You don’t need to be rich or even have perfect credit to take advantage of the fantastic market for rental real estate today. If you are willing to invest about ten hours of work this month, I’ll show you how you can add as much as $80,000 or more into your retirement account. For the…

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