Simple Practices that Lead to Wealth
This week, the Dow finally crossed the magical 13K mark and is holding steady. More impressive, the S&P 500 closed above 1,400 for the first time since 2008 and the NASDAQ composite closed above 3,000 for the first time since 2000.
The common theme was that investors were bilked, scammed and even murdered by unscrupulous money managers. Although most advisors are honest, hard-working professionals, these types of stories are becoming way too common to ignore.
One of my fondest childhood memories was riding my BMX bike to work when I was 16 years old. Back then, I rode my BMX bike everywhere because I didn’t have a car.
Evidently, the only thing worse than being broke is to suddenly become wealthy.
When I was younger, most Americans took the future seriously. Now, it seems like people are living for today and neglecting the future.