Endurance athletes as a group have a higher percentage of wealthy people than the general population. What makes them different? What lessons can you learn from their experience that can be applied to accelerate your financial growth…
The Great Passive Income Hoax
Business passive income is a lie. It is one of those myths that has been perpetuated for so long by so many so-called experts that we no longer question it’s validity… even though we should. The problem is if you aren’t clear on the issues involved it can wreak havoc with your wealth plan…
The Little-Known Factor That Determines Your Wealth
The secret to building wealth is there are no secrets. Earn more than you spend and invest the difference wisely. The problem isn’t knowing what to do: the problem is getting it done. I’ve been coaching people for more than a decade and have reduced the “getting it done” part down to 8 clear, actionable steps as follows…
How Do You Know If You’re Living In Financial Integrity?
You are living in financial integrity when your daily actions are congruent with your financial plans and the principles that lead to wealth. Why should you care? Because one path results in wealth and the other results in financial mediocrity. For example, you are out of financial integrity if…
How To Play To Win… With Balance
I want to share a story with you from my coaching practice. It comes from a client who is a very successful trial attorney and was embroiled in a bitter legal battle. Now, you may be asking what does a trial attorney’s life as a warrior have to do with me? The truth is we are all warriors whether entrepreneurs, investors… or trial attorneys. We are all fighting our battles to win and this message is relevant for all warriors in pursuit of success – which probably includes you…
Is Leveraging Real Estate Equity A Good Idea For Retirement?
A reader asks, “I’m 61 nearing retirement and a lot of financial gurus say I should leverage my rental property equity to buy stocks, real estate, etc. for retirement. Is it a good idea?” There are two answers to that question – the scientific answer and the realistic answer…
How To Be Successful
Why do some people succeed while others work just as hard but achieve little? As a financial coach this question has fascinated me for more than a decade. I’ve had the privilege to work with a broad range of clients over the years and witness in real time the cause and effect relationships that create success. Surprisingly, most of what is taught about this subject doesn’t work reliably. So when Malcolm Gladwell offered a book claiming to explain what separates success from mediocrity I was all ears. Here is what I learned…
Wealth Building Secrets Of The Forbes 400
I’m a junkie for anything claiming to divulge the secrets to building wealth. After all, my job is teaching you this stuff, right? So when Forbes magazine published an article analyzing the common characteristics among billionaires I was all ears. As it turns out, their lead characteristic was identical to an essential principle I teach…
6 Ways To Profit From An Economic Downturn
Smart wealth builders know how to make the best out of a bad situation. The natural and easy response during an economic downturn is to become despondent – but “natural and easy” is seldom profitable. Even in a recession you can find clever ways to extract economic advantage and position yourself for the next economic recovery if you just know what to look for…
Wall Street Journal Got It Wrong
Brett Arends of the Wall Street Journal published an article claiming housing has been a lousy investment dating all the way back to 1981. Even thought this article was picked up by many media outlets it is wrong. Yes, believe it or not, even the venerable Wall Street Journal makes blatant mistakes by misusing statistics and applying false premises to data to derive completely incorrect conclusions…
