I recently read a great article in the Washington Post by Barry Ritholtz, who has worked with some very high net work individuals with hundreds of millions of dollars (or more), offering a list of life lessons from the wealthy. I think it’s important to see what we can learn from people who have a lot of money – not because they’re better people, and not because having a lot of money is an important goal in and of itself – but because learning from people who have achieved such an extreme level of wealth can teach us something important about how we relate to wealth, and how we truly want to shape our lives for the better.
Posts Tagged ‘money lessons’
Life & Money Lessons from the Wealthy
July 27, 2011The Best Gift a Father Can Give His Children
June 17, 2011With Father’s Day upon us, children are anticipating presenting that special gift to their dad and visualizing the great happiness it will bring. Of course, any present a child gives us brings great delight. But what about parents? Is there a special gift we can give our children that will make them truly happy – throughout their lives?
Should You Manage Your Money Like the Government?
May 4, 2011If you want to save money for specific goals, you might want to consider managing your money more like the government. One of the principles of government money management is the idea of “dedicated funds.” Certain government money has to be spent only on certain activities – health care, education, etc. – and these government programs are funded by specific types of taxes. How might this apply to you? You can take a cue from the government – and start taking better control of your finances – by setting up multiple savings accounts, each with a specific purpose. Find out more.
Money Lessons from Bankrupt Pro Athletes
April 29, 2011America loves sports and professional athletes are some of our biggest cultural heroes – earning millions of dollars and the adoration of millions of fans. However, despite their massive salaries, many pro athletes are vulnerable to going bankrupt. What are some of the lessons to be learned and mistakes to avoid?
Money Lessons from “Til Debt Do Us Part”
March 30, 2011Ninety percent of marriages that end in divorce fail, at least in part, because of money problems. Now, there is a TV show on CNBC called “Til Debt Do Us Part” that helps couples in financial crisis get their financial lives in order. Find out what kind of money troubles this show tackles and what lessons we can all learn from the experiences of couples highlighted there.
Top Money Tips: How to Achieve Your Money Goals and Financial Lessons for Women
December 3, 2010Welcome to Quizzle’s Top Money Tips Roundup, where you’ll find this week’s top five most interesting, helpful and unique personal finance articles from around the Web. This week’s edition covers mid-range goals and how to achieve them, credit card balance transfer fees, money lessons for women and an important consumer alert about a shocking marketing tactic of one New York business.
Top Money Tips: Reasons to Be Debt-Free and Timeless Money Advice from Our Elders
November 5, 2010Welcome to Quizzle’s Top Money Tips Roundup, where you’ll find the top five most interesting personal finance articles from around the Web this week. Today’s edition covers why it’s great to be debt-free, timeless money tips, ways to stretch your dollar when you’re unemployed, money games for kids and investing snafus.
5 Important Money Lessons to Teach Your Kids
March 5, 2010If the economic crisis of the last couple of years has taught us anything, it’s that we Americans could stand to make a few adjustments to our money approaches. Fortunately, it appears that at least some of us are making positive changes. For one, Americans are saving more; the personal savings rate (percentage of disposable [...]
