Laura Pederson was a self-made millionaire by age 21. She grew up in Buffalo, New York – where she lived with her parents during the 1970’s energy crisis and ‘stagflation’ days. In her book Buffalo...
CNBC program, The Closing Bell, had a story once on rich members of Congress getting richer in 2009. The story indicated that more than half of the members of Congress (261) are millionaires. The...
If you read our article Alternative Investments I – what are they, you will remember that an alternative investment is generally anything that is NOT a stock, bond or cash. This article explores a few...
Wealthy investors in wealth categories II through IV (see our article “What Category of Wealth Do You Have?”) utilize investment products and strategies about which the rest of us know little, or in which...
If you are a Category II Wealth Holder (that’s a net worth of 10 million to 100 million US dollars) or higher, you have options to train your offspring in wealth management that aren’t yet available...
Most of the world’s populations are lucky (?) enough to not have to worry too much about complex money management. For these folks a bank with a checking account and credit card, a home mortgage,...
Mark Haynes Daniell in Strategy for the Wealthy Family, defined four categories of wealth for purposes of identifying strategic opportunities families might consider using. It is interesting to note the strategies he suggests for...
My Dad always said “Never do business with family members”. Lots of wealthy and not so wealthy people are totally ignoring this advice. Family limited liability companies (LLC) or family limited partnerships (FLP) are...
According to the Forbes 400 Richest American list, four of the top ten richest people in America in 2009 were descendents of Sam and Helen Walton, founders of WalMart. First on the list were...
Here are eight things to watch out for as you build your wealth, or anticipate a windfall. Family relationships may suffer. You may lose the wealth you built because you don’t know how to...
