Simple Practices that Lead to Wealth
This week has brought a big political backlash against President Obama for saying, “If you’ve got a business, you didn’t build that.” The President should have chosen his words more wisely and small business owners have every right to be upset about this comment.
There is a lot of great financial advice about cutting costs and increasing your income. However, this won’t help you accumulate wealth, unless you save and invest part of what you earn.
This is a Public Service Announcement for most Americans who don’t realize taxes are their largest expense. That’s because the government has become an expert in collecting and disguising taxes.
According to a recent news article in CNN Money, the personal wealth for the median American household may have dropped by as much as 40%, between 2007 and 2010. It’s no wonder the middle class is feeling significantly poorer, because they are.
I recently read in a news article the cost of raising a child is now as high as the cost of owning a Ferrari. That’s $235,000 for the average middle-class family, before they send the kid to college.