Diversified Investment Portfolio and Asset Allocation
There is an old proverb that says don't put all your eggs in one basket. The logic behind this saying is very simple to understand. If all your eggs are…
Best Books to Learn How to Become Financially Literate and Rich
The United States has some pretty good schools and some great universities. Indeed, many people from all over the world come to America to study and to attend university. We…
Pillar 3 – Business Income
The 3 Pillars for creating wealth: Pillar 1, Pillar 2, Pillar 3 Everyone should own a business or a part of a business. This is so important let me say…
The Power of Compound Interest
Compound interest can either be your friend or your enemy. If you have a credit card with a revolving balance then compound interest is not your friend; it is working…
Pillar 2 – Investment Income
The 3 Pillars for creating wealth:Pillar 1, Pillar 2, Pillar 3 Investment income is the second pillar for creating wealth (see Pillar 1). Investment income is simply income that comes…
Pillar 1 – Passive Income
The 3 Pillars for creating wealth: Pillar 1, Pillar 2, Pillar 3 "My rich dad taught me to focus on passive income and spend time acquiring assets that provide passive or…
The 3 Pillars for Creating Wealth
The 3 Pillars for creating wealth: Pillar 1, Pillar 2, Pillar 3 Everyone has seen this before - a cute white rat or mouse running on a wheel. We often look…
Develop Multiple Sources of Income – Passive Income, Investment Income, and Business Income (Active Income)
In my previous post, I showed you scary numbers that prove that the middle class in America is disappearing. People continue to work and pump their hard-earned money into the…
Don’t Count on Social Security Benefits for Retirement
In the previous blog posts, I discussed how the middle class in America is vanishing. Even though the unemployment rate is low (at the moment), for many people, wages are…
The Vanishing Middle Class – 51% of working Americans make less than $30,000 a year
I recently listened to a statement by Dr. Boyce Watkins, Dean of The Black Business School, where he provided disturbing information about the state of America's middle class. Dr. Watkins stated…