The Millionaire Next Door

Forbes 400

To Build Wealth Maximize Your Unrealized Income

Warren Buffett is the best of the best at transforming income into wealth.    How did he do it?  Wise investing, you say.  Combine this with his reputation for having enormous integrity and his well publicized frugal lifestyle.  When it comes to consumption he seems to possess traditional midwestern values.  In spite of his substantial wealth he lives in a relatively …

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Millionaires: Firefighter, School Bus Driver, Engineer. . .

Not all of the interesting information in the Forbes 400 issue deals with billionaires.  For example, in Matthew Schifrin’s article, he profiles several amatuer investors who became millionaires by significantly outperforming the market.  One of these investors, not surprisingly, is a civil engineer and is pictured standing next to his no frills Ford 150 pickup truck.  Remember that Ford was the #1 make and …

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Big Trees, Big Wealth

Many millionaires have told me that being economically successful has more benefits than just financial independence.  As one very wealthy entrepreneur said, “It’s an absolute joy to associate with other successful people.”  This fellow wasn’t just talking about other multimillionaires like himself.  He was also referring to many of the high grade professionals such as lawyers, accountants, …

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Part I of 3: The Millionaire Next Door. . . Swiss? Cheese Only

There has been a lot of press coverage recently about American citizens using Swiss accounts for tax evasion purposes.  I have spent thousands of hours researching the affluent and advising the majority of the top fifty financial institutions in America.  Yet, I have only spent about two (2) hours consulting with a group of executives employed by a bank …

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