Time is Money, Quiet Wealth: An Asset Protection Strategy

By The Sovereign Investor  Updated on Nov 12, 2021

I’ve never worn a watch. I flatter myself that’s because of a high school Latin teacher/lacrosse coach named Thurber who, when asked why he didn’t, responded that “a man who wears a watch worries too much about time.”

That quote has always stuck with me. Its philosophical brevity is almost Hellenic.

My real reason for going watch-less is simpler, however. I have a hard enough time keeping track of my keys, wallet, eyeglasses and anything else I need during my daily journey to worry about a watch as well.

Building Wealth

By Dennis Friedman    HumbleDollar

 I’VE BEEN READING about how people aren’t saving enough money, and how almost half of all Americans carry a balance on their credit cards. Looking to be more financially prudent? Here are 10 pointers on how to build wealth and gain financial security over your lifetime:

 1. Save—for a reason. Saving money is the key to building a substantial portfolio. One secret to being a good saver: Have something worthwhile to save for. It might be homeownership or early financial independence.

How to Successfully Live Within Your Means

SmartAsset Team   Sat, September 9, 2023

Have you ever wondered why some people seem to effortlessly manage their money despite earning a modest income? The answer probably lies in a financial strategy called “living within your means.” An essential part of personal finance, when mastered, can lead to long-term financial stability. This strategy essentially involves understanding your income, creating a budget and implementing strategic financial practices to spend less than you make. If you're struggling to save for retirement or invest in the right assets, consider working with a financial advisor.

The Middle Class Money Trap That’s Keeping You From Being Rich

Sean Fisher  Wed, September 6, 2023

Navigating the labyrinth of financial decision-making can be an intimidating endeavor. The middle-class, in particular, find themselves embroiled in distinct challenges that can disrupt their journey towards wealth accumulation.

From pursuing potentially unrewarding academic endeavors to succumbing to societal pressure to live extravagantly, various money traps can pose significant setbacks to their financial progress.

Dave Ramsey Says ‘Money Is Not Just Math, It’s Behavior’ — 5 Bad Habits to Break Today

David Nadelle   Tue, September 5, 2023

Although it’s easy to blame our money woes on outside economic forces, healthy personal finances are governed by motivation and mindset. Fixing your current situation means taking responsibility about your financial decisions and making conscious choices because, as financial advisor and popular radio show and podcast host Dave Ramsey says, “Money is not just about math; it’s about behavior.”

“Personal finance is only 20 percent head knowledge,” Ramsey tweeted yesterday. “The other 80 percent — the bulk of the issue — is behavior. And it’s our behaviors with money that can get us into the biggest trouble or lead us into the biggest successes.”

5 Things Warren Buffett Says To Do Before a Recession Hits

Vance Cariaga  Wed, September 6, 2023

Whispers of a looming recession have been making the rounds for well over a year now, and don’t appear to be going away anytime soon. Despite the resilient economy and low unemployment, a recent column in Forbes still predicted a “mild recession” in late 2023 or 2024.

If that’s the case, get ready to invest in the stock market – but only if you want to follow the lead of Warren Buffett, the mega-billionaire CEO of Berkshire Hathaway. As Buffett famously wrote in a 2008 op-ed for The New York Times: “Be fearful when others are greedy, and be greedy when others are fearful.”

The Sneaky (But Smart) Place Millionaires Keep Their Money

Rosemary Carlson  Wed, September 6, 2023

Where do millionaires keep their money? High net worth individuals put money into different classifications of financial and real assets, including stocks, mutual funds, retirement accounts and real estate. Most of the 20.27 million millionaires in the U.S. did not inherit their money; only about 20% inherited their money. More than two-thirds of all millionaires are entrepreneurs. Here are some of the places the genuinely rich keep their money.

Whether you’re a millionaire or not, a financial advisor can help you take significant steps toward achieving your goals.

Frugal People Need Spenders Like Money Needs a Wallet

BY THE BILLFOLD by Annie Schutte

I’d like to say that there’s some wonderful and mysterious origin story that that explains who I am today, but it came about due to the most common and banal reason around: I was born and bred by two thrifty parents.

Having two cheap parents is the worst. New clothes shopping involved a trip to the fabric store to get materials for the three identical jumpers my mother would make me before school started; vacation every year was a drive to New Jersey to hang out at the pool in my grandmother’s retirement community; and the big splurge of the week happened on Friday when my mother would give me 35 cents to get an ice cream sandwich in the cafeteria at lunch.

Your Money Problems: Why They're All Your Fault 

By Tara Struyk

I love writing about money — not because I’m obsessed with wealth (or my relative lack thereof), but because I think the way we spend our money reflects who we are, good or bad. That’s probably why I bought the very first condo I saw. I’m known to be impatient, impulsive even, in just about all things.

Was it a mistake? So far so good, but I left a lot more to fate than is probably wise in a six-figure purchase. And let’s just say that I hope to exercise a little more self control next time. Of course, whether it’ll actually work out that way is another story altogether.